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Unit 1 Vocab

Business Essentials

TermDefinition
Ethics The basic principals that govern your behavior
Ethical principals Standards that govern behavior; not dependent on circumstance
Ethical situation An issue where you must decide whether something is right or wrong
Integrity Adhering to and established set of personal ethics and sound moral principals; acting honestly in all situations
Trustworthy Reliable; deserving the confidence of others
Accountability The condition of to answer for or be liable for your actions; accepting responsibility for your decisions
Transparency The quality of being just as one seems; being open and truthful when communicating
Fairness The ability to make judgments without favoritism or self-interest; engaging in fair competition and creating equal relationships
Respect Regard or esteem; honoring the rights, freedoms, views, and properties of others
Rule of law Complying with laws and regulations
Viability The long-term value of your choices
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 persons whose behavior is imitated by others
Created by: 1924582775
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