Final answer:
No, maintaining ethical conduct goes beyond just following the law. Ethical behavior involves considering the impact of actions on stakeholders and upholding moral principles and values.
Step-by-step explanation:
No, maintaining ethical conduct in a business goes beyond just following the law. While laws and regulations provide a legal framework for businesses, ethical conduct involves adhering to a set of moral principles and values. Ethical behavior requires businesses to consider the impact of their actions on various stakeholders, including employees, customers, and the environment. For example, a business may choose to implement fair employment practices, uphold environmental sustainability, and engage in philanthropic activities, even if there are no legal requirements to do so.