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Unit 5

TermDefinition
Ethics set of standards of conduct that guide decisions and actions based on duties derived from core values
Ethical Behavior action guided by a set of principles of morality
Moral Behavior conduct in accordance with what a person determines is right versus wrong
Legal Behavior conduct based on or authorized by law, which is established by society to maintain order and protect people and properties from harm
False Financial Statement an organization's financial statement containing untrue data which is used to mislead
Embezzlement an entrusted person converts other’s assets or properties for his or her own use
Ethical Dilemma complex situation in which people have difficulty choosing between a moral or an immoral act
Code of Ethics set of written standards issued by an organization to assist its employees in conducting their actions in conformity with the organization's ethical values
Business Social Responsibility duties and obligations of businesses which contribute to the well-being of society
Stakeholders all the parties which interact with the business
Popular Finance sets

 

 



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