Video Notes: Belief Systems, Ethics, Online Business, and Wages - Vocabulary Flashcards

A vocabulary set covering key concepts from belief systems, ethical dilemmas, online business ethics, fair wages, profit maximization, and data privacy.

Belief System

A set of principles that form the basis of a religion, philosophy, or moral code.

Religion

Practices and beliefs organized around worship and a moral code.

Core Belief Systems

The major worldviews used in the notes: Christianity, Islam, Hinduism, Confucianism, Buddhism, and Secular Humanism.

Christianity

Religion centered on the teachings of Jesus Christ and values such as honesty, stewardship, compassion, service, and justice.

Islam

Monotheistic faith revealed through Prophet Muhammad; emphasizes Amanah (trust), truthfulness, Riba prohibition, fair trade, zakat, and social responsibility.

Amanah

Trust in Islam; obligation to be truthful and reliable in dealings.

Riba

Prohibition of charging or paying interest in Islamic ethics.

Zakat

Obligatory charity to support the poor and promote social welfare.

Dharma

Duty and righteousness guiding Hindu ethics.

Ahimsa

Non-violence toward all living beings.

Karma

The moral law of cause and effect; actions have future consequences.

Hinduism

A diverse belief system from India emphasizing Dharma, Karma, and spiritual growth.

Siddhartha Gautama

Founder of Buddhism.

Mindfulness

Present-moment awareness; a key practice in Buddhist ethics.

Compassion

Sympathetic concern for others; a core ethical virtue.

Buddhism

Religion founded by Siddhartha Gautama focusing on reducing suffering through ethical conduct, mindfulness, and compassion.

Hierarchy

System of ranking and authority; Confucianism emphasizes hierarchy and proper roles.

Confucianism

Philosophy stressing moral character, social harmony, respect for tradition, and fulfilling one’s role.

CSR

Corporate Social Responsibility; business practices that consider sustainability and ethics.

Moral Dilemma

A situation where two or more moral principles conflict, with no clear right answer.

Ethical Values

Moral principles that guide decision-making in business.

Profit/Loss (PL)

Balance of financial gains and losses used to assess outcomes.

Legal vs Ethical

Situations where legality and ethics may diverge; what is legal is not always ethical, and vice versa.

Fake Reviews

Fabricated positive reviews intended to mislead customers.

Dark Patterns

Design tactics that manipulate users into unintended actions.

Intellectual Property

Rights protecting creations (copyrights, patents, trademarks); piracy is illegal.

Data Privacy

Customers’ right to control how their personal information is collected, stored, and used.

Data Ethics

Moral principles governing the respectful and lawful handling of data.

Transparency

Clarity about data collection, usage, and policies.

Consent

Explicit permission before collecting or using personal data.

Data Minimization

Collecting only the data that is necessary for stated purposes.

Security

Measures to protect data from breaches and unauthorized access.

Right to Access and Delete

Consumers’ ability to access and request deletion of their personal data.

Anonymized Data

Data that has identifying details removed to protect privacy.

Privacy Policy

Public documentation detailing how data is collected, used, and protected.

Minimum Wage

Legal minimum pay required by law.

Fair Wages

Compensation that is just, adequate, and reflects the value of work and living costs.

Piece Wage

Pay based on the number of units produced or tasks completed.

Time Wage

Pay based on time worked (e.g., hourly or daily rates).