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101 Nature of ethics

Business Essentials

TermDefinition
Accountability The condition of having to answer for or liable for your action; accepting responsibility for your decisions.
Consequence The result of an action
Ethical situation Standards that govern behavior; not dependent on circumstance.
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 and established set of personal ethics and sound moral principles; action with honesty in all situation.
Reputation A person's or business's good name.
Respect Regard or esteem; honoring the rights, freedoms, views, and property of others.
Responsibility Fulfilling one's obligation in a dependable, reliable manner.
Rule of law Complying with laws and regulation.
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: cullen.g596
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