Entrepreneurship I: Objective 1.04 Vocabulary Quiz

The condition of having to answer for or be liable for your actions; accepting responsibility for your decisions.

• Accountability

• Integrity

• Obligation

• Ethics

Concerned with others’ welfare.

• Obligation

• Altruistic

• Respect

• Responsibility

A law that protects workers with physical and/or mental disabilities from discrimination.

• Americans with Disabilities Act of 1990

• Social Responsibility

• Unethical

• Sarbanes-Oxley Act

A state of debt that cannot be resolved.

• Bankruptcy

• Profitability

• Risk

• Accountability

The basic principles that govern a business’s actions.

• Code of Ethics

• Business Ethics

• Integrity

• Ethics

A set of rules for governing behavior.

• Code of Ethics

• Business Ethics

• Integrity

• Respect

The result of an action.

• Consequence

• Responsibility

• Accountability

• Illegal

The customer's preference for a business; usually expressed in regular purchases from the business.

• Customer Loyalty

• Productivity

• Code of Ethics

• Obligation

The rate at which a business gains and loses employees.

• Employee Turnover

• Bankruptcy

• Risk

• Fraudulent

Standards that govern behavior; not dependent on circumstance.

• Ethical Principles

• Social Responsibility

• Business Ethics

• Responsibility