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Ent 1 1.04
Business Ethics
| Term | Definition |
|---|---|
| Accountability | The condition of 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. |
| Consequence | The result of an action. |
| Customer loyalty | The customer's prefrence for a business; usually expressed in regular purchases from the business. |
| Employee turnover | The rate at which a business gaines and loses employees. |
| Ethical principles | Standards that govern behavior; not dependent on circumstance. |
| Ethics | the basic principles that govern your behavior. |
| Fraudulent | Deceitfu; dishonest. |
| Illegal | Prohibited by law. |
| Integrity | Adhering to an established 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 owner 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 resources (inputs). |
| Profitability | The degree or level of profit of a business or a product. |
| Respect | Regard or esteem; honoring the rights, freedoms, views, and property of others. |
| Responsibility | Fulfilling one's 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 businesses who are affected by a company's success or failure. |
| transparency | The quality of being just as one seems; being open and truthful when communicating. |
| Trust | The ability to rely on character, integrity, or 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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