Chapter 3 Vocabulary

The preparation for an unexpected emergency.

Preventing, reducing, or lessening the negative impacts of risk.

The rules and codes of conduct on which ethical behavior is based.

Occurs when not enough revenue is made to cover expenses.

A strong, voluntary adherence to honesty and morality; often linked to ethical behavior

Calculates the business's return as a percentage of the money invested.

Process by which knowledgeable safety and security staff identify and prepare to manage risks.

A detailed projection of financial performance for a specific time period.

A report that predicts the expenses to be incurred and the revenues to be earned.

A statement that shows the company's assets and liabilities.

The effect produced by decisions that are made by consumers and businesses.

When one has to choose between two equal moral principles.

The possibility of financial gain or loss or personal injury.

A limited amount of resources needed to produce and distribute goods and services.

A company's wealth in the form of money or property.

Held responsible for damages and possibly medical costs and suffering by the injured person.

The study of how goods and services are produced, distributed, and consumed.

The amount of money remaining from income after all expenses are paid.

A system for deciding between right and wrong in a reasoned and impartial manner

Financing provided to start a company in return for owning part of the company.

When a company makes decisions on how to use resources in ways that result in greatest profit.

Statement that shows revenues received and expenses incurred over a specific period of time.

An activity that will produce money.

Amount of satisfaction a person receives from consumption of a particular product or service.