What is defined as a set of standards or value systems that help determine right from wrong?

The correct answer is rooted in the notion of ethics as a framework for evaluating what is right and wrong. Ethics encompasses the principles and values that govern the behavior of individuals or groups, guiding their decision-making processes. It goes beyond mere personal beliefs to establish a consistent approach to moral dilemmas, relying on reasoned judgments and societal norms.

Ethics is often concerned with questions of fairness, justice, and the broader implications of actions on others and society as a whole. By defining a set of standards, ethics serves as a guide for individuals and organizations in navigating complex situations where the path to right and wrong is not always clear.

While morality can also play a critical role in shaping an individual's understanding of right and wrong, it is typically more subjective and personal, often influenced by cultural or religious perspectives. Law represents codified standards enforced by legal systems, which can reflect ethical principles but may not always align with personal ethics. Principles can guide behavior, but they are often broader and less focused on the specific standards related to moral judgment.