INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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there are no industry-specific ethical codes.
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it is a relatively new field of study.
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many people aren’t sure how to behave ethically.
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it involves a lot of technical terms.
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Detailed explanation-1: -There are mistakes, inevitably, and the human tendency to deny them or cover them up, which makes change very difficult. Moral sensitivity is reduced. Ethical problems are not apparent, as they are often masked under technical considerations, which are the dominant force.
Detailed explanation-2: -Ethical behavior means your team operates according to fair and transparent standards, not just complying with legal rules or regulatory requirements, but going above and beyond to ensure decisions are applied through an ethical lens.
Detailed explanation-3: -Ethical culture is less visible than the formal elements of ethics programs (e.g., code of ethics, helpline, training), because it is rooted deeply within the organization and the mind-set of its employees; therefore, it is more difficult to assess.
Detailed explanation-4: -In many cases, ethical dilemmas are challenging to work through because the risk and reward aren’t as clear-cut as other types of decisions. This complexity becomes even more convoluted with businesses, as other businesses, customers and employees can all be affected.