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business week 02
| 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 |