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1.02Key Term

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
Respect Regard or esteem; honoring the rights, freedom, views, and property of others
Rules 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: spirit.w195
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