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1.01A-Key Term
Business Essentials
| Term | Definition |
|---|---|
| Ethics | The Basic principles that govern your behavior |
| Ethics Principles | Standards that govern behavior; not dependent on circumstance |
| Ethical Situation | An issue in which you must decide whether something is right or wrong |
| Integrity | Adhering to an established set of personal ethics and sound moral |
| Trustworthy | Reliable; deserving the confidence of others |
| Accountability | The condition of having to answer for or liable for your actions; accepting responsibility for your decisions |
| Transparency | The quality of being just as one seems; being open and truthful when communicating |
| Fairness | The ability to make judgments without favoritism or self-interest; engaging in fair competition and creating equal relationships |
| Respect | Regard or esteem; honoring the rights, freedom, views, and property of others |
| Rule of law | Complying with laws and regulations |
| Viability | The long-term value of your choices |