Final answer:
Behavior relating to what is right and wrong according to professional standards is termed Professional Ethics. These standards are based on normative ethics, which creates norms for moral conduct and includes consequentialist, deontological, and virtue ethics approaches.
Step-by-step explanation:
The behavior related to what is right and wrong relative to the standards of professional conduct is called Professional Ethics. Professional ethics involve guidelines and codes that professionals, such as accountants, lawyers, and engineers, adhere to in order to maintain integrity, quality of service, and public trust in their field. These codes are often established by professional bodies and outline the ethical obligations and proper conduct expected from professionals while carrying out their duties.
The discipline of ethics itself explores morality and is divided into metaethics, which examines the origins and meanings of ethical principles; normative ethics, which deals with establishing norms and standards for moral conduct; and applied ethics, where moral theories are applied to specific situations. Normative ethics, particularly, plays a crucial role in determining the nature of professional ethics by setting standards for what is considered right or wrong within a profession. It offers three main approaches—consequentialist, deontological, and virtue ethics—each defining moral conduct using different criteria, such as the outcome of actions, adherence to duties, and the character traits of the individual.