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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Which of the following is a true statement about ethical business practices:
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They ensure that a business will succeed.
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They are all under government regulation.
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They are more difficult to undertake than unethical practices.
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They do not guarantee positive outcomes.
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Explanation:
Detailed explanation-1: -To enhance the global relationships is not a reason why firms tend to engage in business ethics. Business ethics, which is also referred to as corporate ethics, is a form of ethics that focuses on the principles or problems that exist in a business environment.
Detailed explanation-2: -Honesty in dealing with customers is one of the ethical practices of business. Every business firm should deal with honesty and should create a relationship with its customers in order to create a large base of loyal customers and to increase their brand loyalty.
There is 1 question to complete.