Ethical standards are principles that guide behavior and decision-making in various contexts, ensuring that actions align with moral values. They serve as a framework for individuals and organizations to evaluate what is right and wrong, promoting integrity and accountability in professional and personal conduct. These standards are crucial in fields such as medicine, law, and business, where ethical dilemmas often arise. By adhering to established ethical guidelines, professionals can foster trust and respect within their communities, ultimately contributing to a more just and equitable society.