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ant unit2 vocab
| Question | Answer |
|---|---|
| Applying principles of right and wrong to situations in the workplace | Business ethics: |
| A proposal that describes a new business. | Business plan: |
| A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture. | Code of ethics: |
| An individual who undertakes the risk associated with creating, organizing, and owning a business. | Entrepreneur: |
| The process of starting and operating one’s own business. | Entrepreneurship: |
| Knowing the difference between right and wrong and consciously choosing to do what is right. | Ethical behavior: |
| Guidelines for human behavior; the study of moral choices and values; choosing between right and wrong. | Ethics: |
| A brief description of the key points of the business plan. | Executive summary: |
| An employee who coordinates people, processes, and other resources of a business in order for the business to achieve success and make a profit. | Manager: |
| A written description of the purpose of a company and the management’s philosophy. | Mission statement: |
| An idea that has commercial value. | Opportunity: |
| Sometimes referred to as “mom and pop” businesses. Small businesses are generally started to create jobs for the owners. | Small business: |
| A business undertaking involving risk. | Venture: |
Created by:
tonytoledo
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