Business Essentials 1.01 Key Term

The basic principles that govern your behavior.

• Values

• Rules that govern behavior

• Ethics

• Ethical Laws

Standards that govern behavior; not dependent on circumstance.

• School Standards

• Ethics

• Values

• Ethical Principles

An issue in which you must decide whether something is right or wrong

• Dilemma

• Ethical Situation

• Situation

• Situational Ethics

Adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations

• Integrity

• Honesty

• Rightness

• Honor

Reliable; deserving the confidence of others

• Honesty

• Trustworthy

• Reliable

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

• Reliable

• Liability

• Accountability

The quality of being just as one seems; being open and truthful when communicating

• Honesty

• Truthfulness

• Reliable

• Transparency

The ability to make judgments without favoritism or self-interest; engaging in fair competition and creating equal relationships

• Righteous Judgement

• Fairness

• Discernment

Regard or esteem; honoring the rights, freedoms, views, and property of others

• Respect

• Honor

• Rights

• Warm Regards

Complying with laws and regulations

• Compliance

• Rule of Law

• Law Abiding Citizen

• Ethical