ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business’s ethics determine whether or not an action is acceptable for that business, especially if the action
A
a, affects the environment.
B
b. is illegal.
C
C. contributes to the business’s profitability.
D
d. has a negative impact on others.
Explanation: 

Detailed explanation-1: -A business’s ethics determine whether or not an action is acceptable for that business, especially if the action.

Detailed explanation-2: -b) Who determines whether a business activity is ethical? The acceptability of behavior in business is determined by not only the organization, but also stakeholders such as customers, competitors, government regulators, interest groups, and the public, as well as each individual’s personal principles and values.

Detailed explanation-3: -By definition, business ethics are the moral principles that act as guidelines for the way a business conducts itself and its transactions. In many ways, the same guidelines that individuals use to conduct themselves in an acceptable way – in personal and professional settings – apply to businesses as well.

Detailed explanation-4: -Business Ethics: principles and standards that determine acceptable conduct in business. The acceptability of a business if determined by the organization, customers, competitors, government regulators, interest groups, and the public. 2. Distinguish between ethics and social responsibility.

There is 1 question to complete.