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20+ Business Ethics Terms

 , updated on May 22, 2023
Business ethics are principles of right and wrong that are used to guide a business. Firms that run contrary to the ethics of the societies in which they operate risk reprisals from political, social and legal systems. Adherence to an admirable set of ethics tends to result in investor confidence, employee engagement, less risk and a better relationship with customers, communities and regulators. The following are key terms related to business ethics.
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Crony Capitalism

The definition of crony capitalism with examples.

Compliance

A few basic examples of compliance.

Fiduciary Duty

An overview of fiduciary duty.

Conflict Of Interest

A few examples of conflict of interest.

Independent Knowledge

A definition of independent knowledge with an example.

Segregation Of Duties

A definition of segregation of duties with examples.

Internal Controls

A definition of internal controls with examples.

Conformance vs Compliance

The difference between conformance and compliance.

Administrative Burden

A definition of administrative burden with examples.

Fair Competition

The definition of fair competition with examples.

Insider Information

The definition of insider information with examples.

Technology Ethics

An overview of technology ethics.

Precautionary Principle

An overview of the precautionary principle.

Existential Risk

An overview of existential risk.

Cultural Lag

When culture isn't ready for the future.

Technology Forces

A list of forces that shape technology in the long run.

Types Of Technology

A list of the major types of technology.

Precrime

An overview of the term precrime as it relates to technology ethics.

Medicalization

The definition of medicalization with examples.

Dark Patterns

The definition of dark pattern with examples.

Technology Disadvantages

An overview of the potential disadvantages of technology with examples.
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