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Ent 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 Disabilites Act Of 1990 | A law that protects workers with physical and/or mental disabilites from discrimination |
| Bankruptcy | A state of debt that cannot be resolved |
| Business Ethics | The basic principles the 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 and value of goods and sevices 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-Oxly 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 stakeholder |
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