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BE101 NatureofEthics
Business Essantials
| Term | Definition |
|---|---|
| Ethics | The basic principles that govern your behavior |
| 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 |
| Integrity | Adhering to an established set of personal ethics and sound moral principles acting With honesty in all situations |
| Trustworthy | Reliable deserving the confidence of others |
| Accountability | The condition of having 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 property of others |
| Rule of law | Complying with laws and regulations |
| Viability | The long term value of your choices |