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Linking moral convictions to specific situations is indeed a key element of ethical reasoning because it involves the application of personal values and ethical principles to real-world dilemmas. Ethical reasoning requires individuals to think critically about the implications of their decisions and actions in various contexts, assessing how their moral beliefs influence their understanding of what is right or wrong within specific scenarios.

When moral convictions are connected to particular situations, it encourages a nuanced approach that considers the complexity of human behavior and the impact of decisions on others. This element emphasizes the importance of thoughtful deliberation, where one must balance personal ethics with the circumstances at hand, leading to more informed and responsible decisions.

In contrast, making decisions based solely on laws may overlook the moral implications of a situation. Adhering exclusively to societal norms can restrict individual moral agency, and prioritizing financial gain over ethical considerations fundamentally undermines the essence of ethical reasoning by sidelining morality in favor of profit.