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1.01A key terms
Business Essentials
| Term | Definition |
|---|---|
| Ethics: | The basic principles that govern your behavior |
| Ethical: | Standards that govern behavior; not dependent on circumstance |
| Ethical Situations: | 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 principles; acting with honesty in all situations |
| 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 abilities to make judgements without favoritism or self-interest; engaging in fair competition and creating equal relationships |
| Respect: | regard or esteem; honoring the rights, freedoms, views, and property of others |
| Rule of law: | complying with laws and regulations |
| Viability: | The long-term value of your choices |