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1.02A Key Terms

Business Essentials

TermDefinition
Arrogance: An inflated sense of self-importance.
Consequence: The result of an action.
Dilemma: A difficult situation in which you are required to make a decision.
Ethical Dilemma: An issue in which you must decide whether something is right or wrong; sometimes referred to as an ethical situation.
Intuition: Instinct, gut feeling.
Role Model: A person whose behavior is imitated by others.
Accountability: The condition of having to answer for or be liable for your actions; accepting responsibility for your decisions.
Ethical Principles: Standards that govern behavior; not dependent on circumstance.
Fairness: The ability to make judgements without favoritism or self-interest; engaging in fair competition and creating equal relationships.
Integrity: Adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations.
Respect: Regard or esteem; honoring the rights, freedoms, views, and property of others.
Rule of Law: Complying with laws and regulations.
Transparency: The quality of being just as one seems; being open and truthful when communicating.
Trustworthy: Reliable; deserving the confidence of others.
Viability: The long-term value of your choices.
Created by: KingZeke13
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