ENTREPRENEURSHIP

ENTREPRENEURSHIP AND THE GLOBAL ECONOMY

CULTURAL DIFFERENCES AND ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business suddenly moves its operations to a new town, leaving its current employees jobless. Its reason for taking this action, which some consider unethical, might be that the action
A
is not illegal.
B
benefits the community.
C
is committed by unethical employees.
D
doesn’t hurt anyone.
Explanation: 

Detailed explanation-1: -The unethical business practices definition encompasses anything that falls below minimum standards for business code of conduct. This includes any behaviors that are widely accepted as being morally wrong and lead to the mistreatment of people, animals, or the environment.

Detailed explanation-2: -Some of the main effects of unethical behavior in business include loss of company credibility, the negative association between employees, failure to maintain a long-term relationship with consumers, and reduced employee productivity.

Detailed explanation-3: -Another example of unethical behavior involves creating fake organizations and profiles on the Internet and then using them to discredit and smear whistleblowers who speak out against hazardous products. Sometimes unethical business practices are designed to take advantage of investors.

Detailed explanation-4: -Social responsibility is the idea that an individual (or organization) has an obligation to act for the benefit of society at large. Today, social responsibility has become an important part of culture at businesses of all sizes.

There is 1 question to complete.