Greater North American Insurance Company appoints a panel of managers from a variety of departments to review and assess the company's ethics. Which one of the following statements regarding business ethics is correct?

Select one:

A$.$ Ethical decisions involve clear "right" and "wrong" choices.

B$.$ Ethics and morals are interchangeable.

C$.$ Ethics apply when a law is not applicable.

D$.$ Proper ethics can be observed by following applicable laws.