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ant unit2 vocab

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