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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.
Consequence The result of an action.
Ethical Principles Standards that govern behavior; not independent 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 judgments 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 person's or business's good name.
Respect Regard or esteem; honoring the rights, freedoms, views, and property of others.
Responsibility Fulling one's 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: MerryDuluc
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