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1.01A key terms
Business Essentials
Term | Definition |
---|---|
Ethics: | The basic principles that govern your behavior |
Ethical: | Standards that govern behavior; not dependent on circumstance |
Ethical Situations: | An issue in which you must decide whether something is right or wrong |
Integrity: | Adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations |
Trustworthy: | Reliable; deserving the confidence of others |
Accountability: | The condition of having to answer for or be liable for your actions accepting responsibility for your decisions |
Transparency: | the quality of being just as one seems; being open and truthful when communicating |
Fairness: | The abilities to make judgements without favoritism or self-interest; engaging in fair competition and creating equal relationships |
Respect: | regard or esteem; honoring the rights, freedoms, views, and property of others |
Rule of law: | complying with laws and regulations |
Viability: | The long-term value of your choices |