ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They can force companies to expand too fast.
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They are always illegal.
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They can lead to unethical behavior.
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They cause their employees to lose their jobs unfairly.
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Detailed explanation-1: -First, a person who is in a conflict of interest may not be able to exercise his or her duties in an objective, professional manner. In spite of his or her best intentions, his or her judgment may be biased in a way that leads to giving bad advice or making a bad decision.
Detailed explanation-2: -Conflict of interest is a situation in which a person stands to derive personal gain from his/her official capacity. It is considered unethical because. 1. It reflects absence of integrity. For example a bureaucrat reveals secret information to a relative to enable him/her to make a business profit.
Detailed explanation-3: -Pressure to Succeed. Employees may choose to act unethically based on unrealistic expectations to succeed. Employees Are Afraid to Speak Up. Lack of Training. There’s No Policy for Reporting. Managers Setting Bad Examples.