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Chap. 1: Ethics/Law
Understanding Business & Personal Law: Chapter 1 - Ethics and the Law
Vocab Term | Definition |
---|---|
morality | the values that govern a society's attitude towards right and wrong |
ethics | the means for determining what a society's values ought to be |
honesty | being open and truthful in dealings with others |
justice | treating everyone fairly and equally |
compassion | being sympathetic to the difficulties of others and wanting to alleviate their problems |
integrity | willing to do the right thing regardless of personal consequences |
law | the system of rules of conduct established by the government of a society to maintain stability and justice |
constitution | document that spells out the principles by which the government operates |
common law | English result of judges sharing their decisions with other judges and making every effort to share the same law "in common" with everyone else throughout the country |
precedent | doctrine under which a judge is required to follow an earlier court decision when deciding a case with similar circumstances |
stare decisis | let the decision stand |
statutes | laws specifically passed by a governing body that has been created for the purpose of making laws |
legislature | a body of lawmakers; e.g. Congress |
unconstitutional | invalid |
administrative law | law consisting of the rules and procedures established by regulatory agencies |