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1.02 Key Term

Business Essentials

QuestionAnswer
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; soemtimes reffered to as an ethical situation.
Intuition Instinct; gut feeling.
Role Model A person whose behavior is imitated by others.
Accountability the condition of having to asnwer for or be liable for your actions; accepting responsibility for your decisions.
Ethical Principles Standards that govern behavior; not dependent on circumstance.
Fairness The ability to make judgements without favortism 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 situtations.
Respect Regard or esteem; honoring the rights, freedoms, views, and property of others.
Rule of Law Complying with laws and regulations.
Transparency The quality of being just as one seems; being open and thruthful when communicating.
Trustworthy Reliable; deserving the confidence of others.
Viability The long-term value of your choices.
Created by: Rosario Chilaca
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