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1.02 key terms

Business Essentials

TermDefinition
Arrogance An inflated sense of self importance
Consequence The result of an action
Dilemma A difficult situation in which you are required to make a decision
Ethical dilemma An issue in which you must decide whether something is right or wrong something referred to as an ethical situation
intuition instinct gut feeling
role model A person whose behavior is imitated by other
Accountability the condition of having to answer for or be liable for your actions accepting responsibility
Ethical principles standards that govern behavior not dependent on circumstance
Fairness the ability to make judgments without favoritism or self interest engaging in fair competition and creating equal relationships
integrity adhering to an established set of personal ethics and sound moral principles acting with honesty in all situation
respect regard or esteem honoring the rights freedom view and property of others
rule of law the rules
transparency being open and truthful when talking
trustworthy trust
viability long term
Created by: hector.d
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