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ent 1 obj 104
business ethics
| Term | Definition |
|---|---|
| Accountability | The condition oaf having to answer for or be liable for your actions; accepting responsibility for your decisions |
| Altruistic | concerned with others welfare; charitable |
| Americans with Disabilities Act of 1990 | A law that protects workers with physical and/ or mental disabilities from discrimination |
| Bankruptcy | A state of debt that cannot be resolved |
| Business ethics | The basic principles that govern a business's actions |
| Code of ethics | A set of rules for governing behavior |
| Consqencce | The result of an action |
| Customer loyalty | The customer's preference for a business; usually expressed in regular purchases from the business |
| Employee turnover | The rate at which a business gains and loses employees |
| Ethical principles | Standards that govern behavior; not dependent on circumstance |
| Ethics | the basic principles that govern your behavior |
| Fradulent | Deceitful; dishonest |
| illegal | Prohibited by law |
| integrity | Adhering to an establishes set of personal ethics and sound moral principles; acting with honesty in all situations |
| investors | Those who invest their funds in a business; may be owners or stockholders |
| legal | Acceptable under the law |
| obligation | Duty; requirement |
| Philanthropic | Voluntarily generous |
| Productivity | The amount and value of goods and services produced (outputs) from set amounts of recourses (inputs) |
| Profitability | The degree or level of profit of a business or product |
| Respect | Regard or esteem; honoring the rights, freedoms, views, and property of others |
| Responsibilty | Fulfilling ones obligations in a dependable, reliable manner |
| Risk | The possibility of loss or failure |
| Sarbanes-Oxley Act | A U.S regulation mandating that public businesses comply with specific accounting requirements |
| Social responsibility | The duty of business to contribute to the well- being of society |
| Stakeholders | people or business who are affected by a company's success or failure. |
| Transparency | The quality of being just as one seem; being open and truthful when communicating |
| Trust | The ability to rely on the character, integrity. truthfulness of something or someone. |
| Unethical | Lacking morals; wrong |
| Viability | The long term value of choices and decisions to relevant stakeholders |
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