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obj1.01ethics
business Essentials
| Term | Definition |
|---|---|
| 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 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 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: | Fulfilling 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 |
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