ENTREPRENEURSHIP

Detailed explanation-1: -A lack of ethics has a negative effect on employee performance. In some cases, employees are so concerned with getting ahead and making money that they ignore procedures and protocol. This can lead to additional paperwork and careless errors that result in the task having to be completed again.

Detailed explanation-2: -A company embracing ethical behaviour transmits trust to customers. This positive behaviour boosts a customer’s perception of quality service rendered by the company.

Detailed explanation-3: -Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.

Detailed explanation-4: -The four major factors that can cause ethical problems in the workplace are lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising.