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13 Cards in this Set
- Front
- Back
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Business ethics:
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Applying principles of right and wrong to situations in the workplace.
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Business plan:
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A proposal that describes a new business.
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Code of ethics:
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A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture.
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Entrepreneur:
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An individual who undertakes the risk associated with creating, organizing, and owning a business.
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Entrepreneurship:
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The process of starting and operating one’s own business.
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Ethical behavior:
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Knowing the difference between right and wrong and consciously choosing to do what is right.
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Ethics:
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Guidelines for human behavior; the study of moral choices and values; choosing between right and wrong.
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Executive summary:
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A brief description of the key points of the business plan.
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Manager:
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An employee who coordinates people, processes, and other resources of a business in order for the business to achieve success and make a profit.
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Mission statement:
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A written description of the purpose of a company and the management’s philosophy.
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Opportunity:
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An idea that has commercial value.
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Small business:
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Sometimes referred to as “mom and pop” businesses. Small businesses are generally started to create jobs for the owners.
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Venture:
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A business undertaking involving risk.
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