Ethical conducts are relevant to balance moral principles and industry practices in any kind of business. Mark the correct sentence in terms of the relationship between a Code of Ethics and Standards of Conduct.

• a) Codes of Ethics are commitments to upholding the law, while Standards of Conduct serve as a benchmark for the minimally acceptable behavior for community members.

• b) Standards of Conduct are elements that any Code of Ethics must include.

• c) Codes of Ethics are a set of moral principles designed to provide guidance for behavior, while Standards of Conduct serve as a benchmark for the minimally acceptable behavior for community members.