ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Competing interests
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2 co-workers disagreeing
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Loyalties to other companies
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A boss disrespecting their workers
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Detailed explanation-1: -Representing a family member in court. Starting a business that competes with your full-time employer. Advising a client to invest in a company owned by your spouse. Hiring an unqualified relative or friend.
Detailed explanation-2: -A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty. For example, an employee may simultaneously help himself but hurt his employer by taking a bribe to purchase inferior goods for his company’s use.
Detailed explanation-3: -What’s a conflict of interest? A conflict of interest is when someone’s judgement or actions at work are-or could be-affected by something unconnected with their role. This includes any circumstances that affect-or could be seen to affect-someone’s independence or impartiality.
Detailed explanation-4: -Hiring an unqualified relative to provide services your company needs. Starting a company that provides services similar to your full-time employer. Failing to disclose that you’re related to a job candidate the company is considering hiring. More items
Detailed explanation-5: -Nepotism. Self-dealing. Gift issuance. Insider trading. Review the employee handbook. Attend business ethics training. Report conflicts of interest. Disclose. 10-Mar-2023