Code of Ethics – Definition

Definition of code of ethics (business): A reference guide providing guidance to employees to help them understand expected behaviours and guide them through moral dilemmas. What is a code of …

Business Ethics – Definition

Definition of business ethics: A strand of applied ethics, which explores moral dilemmas and ethical decision-making in a business context. What is business ethics? Business ethics is a practical branch …

Break-Even Analysis – Definition

Definition of break-even: The point at which the net income generated from an investment decision has covered the costs. You’ll often read the term ‘break-even’ in financial management books & …

Bankruptcy – Definition

Definition of bankruptcy: The legal process initiated when an individual or company is unable to repay their debts. What is bankruptcy? Bankruptcy means different things in different countries. Bankruptcy is …