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ag business unit 8
Term | Definition |
---|---|
Business Ethics | principles of behavior that guide the operation of a business |
Code of Ethics | a statement of values on certain ethical and social issues to guide behavior; general principles of an organizations beliefs |
Collusion | a secrete agreement for fraudulent or illegal purpose |
Conflict of Interest | making a decision that fails ethically and provides an unfair benefit to an individual or group |
Ethics | principles of behavior that guide people; morally the best thing to do; derived from reasoning about right and wrong rather than faith or tradition |
Price Gouging | taking unfair advantage in setting prices |
Standards of Right | proper behavior in personal, business, and other dealings |