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ag business unit 8
| Term | Definition |
|---|---|
| Business Ethics | principles of behavior that guide the operation of a business |
| Code of Ethics | a statement of values on certain ethical and social issues to guide behavior; general principles of an organizations beliefs |
| Collusion | a secrete agreement for fraudulent or illegal purpose |
| Conflict of Interest | making a decision that fails ethically and provides an unfair benefit to an individual or group |
| Ethics | principles of behavior that guide people; morally the best thing to do; derived from reasoning about right and wrong rather than faith or tradition |
| Price Gouging | taking unfair advantage in setting prices |
| Standards of Right | proper behavior in personal, business, and other dealings |