INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Decreased internal problems
|
|
Negative public image
|
|
Increased customer loyalty
|
|
Reduced risk of lawsuits
|
Detailed explanation-1: -unethical companies usually go bankrupt. the government fines unethical companies. investors prefer companies they perceive to be ethical.
Detailed explanation-2: -You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss.
Detailed explanation-3: -Employees make better decisions in less time when business ethics are a guiding principle. This increases productivity and overall employee morale. When employees work in a way that is based on honesty and integrity, the whole organization benefits.
Detailed explanation-4: -False accounting, sexual harassment, data privacy, nepotism, discrimination-these are just some of the ethical dilemmas that happen in today’s workplace. Many business owners and managers will deal with ethical issues at some point in their career.
Detailed explanation-5: -Exploiting workers. Over-billing customers. Exploiting tax loopholes. Dumping toxins into the air or water. Prescribing unnecessary medical procedures. Covering up car defects. Designing phones so that users accidentally accept data charges. Creating fake identities. More items •23-Sept-2021