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1.01A Key Term

Business Essentials

TermDefinition
Ethics The Basic principles that govern 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 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 ability 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
Created by: Zannah.h449
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