Ethical Business
A code of moral principles that sets standards of good or bad in one’s conduct.
Ethics
The ability to inspire, influence, and guide people toward a shared vision or goal.
Leadership
The study of how people, businesses, and societies make choices about limited resources.
Economics
A company authorized to act as a single legal entity and recognized as such in law.
Corporation
A document setting out a business's future objectives and strategies for achieving them.
A Business Plan
Practicing ethics helps a business gain brand credibility and this...
Consumer trust
This type of leader takes control of a situation and does not allow employees to participate in decision-making.
Autocratic leader
As prices go down, this generally happens to consumer demand for a product.
Demand goes up.
Something belonging to an individual or business that has value or the power to earn money.
An asset
Advertising a family car as safe and reliable appeals to this level of Maslow's hierarchy.
Safety needs
These reflect an individual’s private values, while professional ethics reflect values at work.
Personal ethics
To entrust a task or responsibility to another person, typically one who is less senior than oneself.
Delegation
The price at which the quantity demanded by consumers equals the quantity supplied by producers.
Equilibrium price.
A sum of money paid regularly by a company to its shareholders out of its profits.
This specific feedback method involves giving two positive comments followed by one suggestion for improvement.
Two Stars and a Wish
A difficult situation where the ethical course of action is not clear.
Ethical Dilemma
This leadership style is most effective when employees are mature and experienced.
Laissez-faire
This system in Canada’s dairy industry ensures farmers earn stable incomes and consumers have a steady local supply.
Supply management.
Statistical data relating to the population and particular groups within it.
Demographic
This feedback method involves a manager starting with praise, suggesting a specific adjustment, and concluding with a final encouraging remark.
Feedback Sandwich