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Chapter 4 Vocabulary

Introduction to Business

AB
ethicsmoral principles by which people conduct themselves personally, socially, or professionally.
business ethicsrules based on moral principles about how buisnesses and employees ought to conduct themselves
code of ethicsa set of guidelines for maintaining ethics in the workplace
sweatshopa shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions
conflict of interestconflict between self-interest and professional obligation
social responsibilitythe duty to do what is best for the good of society.
customer responsibilityProviding a quality, safe product or service at a reasonable price.
employee responsibilityProvide employees with safe working conditions, equal treatment, and fair pay.



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