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1.02Key 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; sometimes referred 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 answer for or be liable for your actions; accepting responsibility for your decisions.
Ethical principles Standards that govern behavior; not dependent on circumstances.
Fairness The ability to make judgements without favoritism or self-interest; engaging fair competition and creating equal relationships.
Integrity adhering to an establishment set of personal ethics and sound moral principles; acting with honesty in all situations.
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 one seems; being open and truthful when communicating.
Trustworthy Reliable; deserving the confidence of others.
Viability The long- term value of your choices.
Created by: daniel.t267
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