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Buisness Ethics
OBJ 106
| 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 disrcimination |
| 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 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 |
| Fraudulent | Deceitful; 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 owners or stockholders |
| Legal | acceptable under the law |
| Obligation | Duty; requirement |
| Philanthropic | Voluntarily generous |
| Productivity | the amount if value of goods and services produced (outputs) from set amount of resources (inputs) |
| Respect | Regard or esteem; honoring the rights, freedom, 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 the character, integrity, or truthfulness of something or someone |
| Unethical | Lacking morals; wrong |
| Viability | The long-term value of choices and decisions to relevant stakeholders |
| Profitability | The degree or level of profit of a business or a product |
Created by:
user-1967700
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