Final answer:
Values refer to broad beliefs about what is appropriate behavior and are a culture's standard for discerning what is good and just in society. A reference group is a type of social group with shared values that individuals use as a standard for their own behavior. Social norms are expectations for appropriate behavior within a group.
Step-by-step explanation:
Broad beliefs about what is appropriate behavior are called values. Values are a culture's standard for discerning what is good and just in society. They embody a society's beliefs, morals, and principles, and guide how individuals determine what they deem to be right or wrong.
Virtue ethics is another philosophical approach to ethics that focuses on the examination of different virtues and argues that right action flows from right character, emphasizing the role of one's character and virtues in ethical decision-making.
The well-being concept refers to what is good for a person, not simply what is good in an abstract sense, and values play an essential role in influencing a person's well-being by shaping their ethical framework and social behavior.
A group whose values, norms, and beliefs serve as a standard for one's own behavior is known as a reference group. By comparing ourselves to these groups, we decide what is acceptable behavior and what isn't, creating social norms that are a set of group expectations for appropriate thoughts and behaviors of its members.