Entrepreneurship 1.04

Front

Decision against an action due to knowing it's wrong.

Back

ethics

Front

A business's ethics determine the acceptability of actions, especially if it negatively impacts others.

Back

Negatively impacts others.

Front

Understanding business ethics can be difficult because

Back

many people aren’t sure how to behave ethically.

Front

Business ethics and law:

Back

The two are not the same thing, but they do overlap.

Front

True statement about breaking the law:

Back

Different consequences than breaching business ethics.

Front

Difference between business ethics and law:

Back

are often unwritten.

Front

One of the four pillars of a business's social responsibility:

Back

Economic responsibility

Front

A tech company donates part of its proceeds to charity. This is an example of __________ responsibility.

Back

philanthropic

Front

Example of a business's ethical obligation to stakeholders:

Back

Provide safe working environment.

Front

Importance of business ethics

Back

Contributes to its own success.