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Unit 02

Applying principles of right and wrong to situations in the workplace. Business ethics
Business plan A proposal that describes a new business.
Code of ethics A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture
Entrepreneur An individual who undertakes the risk associated with creating, organizing, and owning a business.
The process of starting and operating one’s own business Entrepreneurship
Ethical behavior Knowing the difference between right and wrong and consciously choosing to do what is right.
Guidelines for human behavior; the study of moral choices and values; choosing between right and wrong. Ethics
Executive summary A brief description of the key points of the business plan
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
Mission statement A written description of the purpose of a company and the management’s philosophy.
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: D.Smith
Popular Business sets




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