Personal factors such as religious values and family influences have little effect on managerial ethics, whereas personal standards and needs have a great deal of impact on managerial ethics.

Personal Factors

Encompass individual characteristics such as personality, skills, values, and experiences that influence behavior and attitudes.

Managerial Ethics

The principles and standards governing the conduct of managers in their professional actions, ensuring integrity and fairness in decision-making.

Religious Values

The beliefs and moral principles that are derived from religious doctrines and practices.