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1.01A Key Terms

Business Essentials

TermDefinition
Ethics The basic principles that governs your behavior
Ethical 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 establishment set of personal ethics and sound moral principles; acting with honesty in all situations Trustworthy
Trustworthy: Reliable; deserving the confidence of others
Accountability: The condition of having to answer for or be 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 judgements 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
Created by: KingZeke13
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