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1.01 Key Terms

Nature of Ethics

QuestionAnswer
Accountability the condition of having to answer for or be liable for your actions: accepting responsibility for your decisions
Consequences The result of your actions
Ethical Principles Standards that govern your behavior: not dependent on circumstance
Ethical situation An issue in which you must decide whether something is right or wrong
Ethics The basic principles that govern your behavior
Fairness The ability to make judgements without favoritism or self-interest: engaging in fair competition and creating equal relationships
Honesty Truthfulness
Integrity Adhering to an established set of personal ethics and sound moral principles: acting with honesty in all situations
Reputation A persons or business's good name
Respect Regard or esteem: honoring the rights, freedom, views, and property of others
Responsibility Fulfilling ones obligations in a dependable, reliable manner
Rule of law Complying with laws and regulations
Spin A dishonest way of presenting a person or situation
Transparency The quality of being just as 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: Jairoe
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