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HSB LAP-EC-021 Business Ethics Vocab Activities

HSB LAP-EC-021 Business Ethics Vocab Activities

AB
AltruisticConcerned with others’ welfare
Americans with Disabilities Act of 1990A law that protects workers with physical and/or mental disabilities from discrimination
BankruptcyA state of debt that cannot be resolved
Business ethicsThe basic principles that govern a business’s actions
Code of ethicsA set of rules for governing behavior
ConsequenceThe result of an action
Customer loyaltyThe customer’s preference for a business; usually expressed in regular purchases from the business
The customer’s preference for a business; usually expressed in regular purchases from the businessThe customer’s preference for a business; usually expressed in regular purchases from the business
EthicsThe basic principles that govern your behavior
FraudulentDeceitful; dishonest
IllegalProhibited by law
IntegrityAdhering to an established set of personal ethics and sound moral principles
InvestorsThose who invest their funds in a business; may be owners or stockholders
LegalAcceptable under the law
ObligationDuty; requirement
PhilanthropicVoluntarily generous
ProductivityThe amount and the value of goods and services produced (outputs) from set amounts of resources (inputs)
ProfitabilityThe degree or level of profit of a business or a product
RiskThe possibility of loss or failure
Sarbanes-Oxley ActA U.S. regulation mandating that public businesses comply with specific accounting requirements
Social responsibilityThe duty of business to contribute to the well-being of society
StakeholdersPeople or businesses who are affected by a company’s success or failure
UnethicalLacking morals; wrong

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