Entrepreneurship

Entrepreneurship

Grade 12

Multiple Choice

The _____ should offer a range of acceptable ways to deal with different situations to recognize the differences in value among your employees.

• methods

• steps

• Guidelines

Chapter 24.2: Ethical Responsibility

Pages 552-569

Objectives

• Determine the ethical issues at work

• Judge how a socially responsible firm improves the quality of life

• Design a company policy for ethics in your business

Ethical issues

Open Ended

Give examples of some ethical issues at work. These examples can be related to desperate measures.

Multiple Choice

Large businesses must be more careful than small businesses about how they conduct business because they are ______

• in the public eye

• less structured

• not watched as carefully

• Less formal

Open Ended

How can socially responsible firms improve the quality of life?

Open Ended

What are the policies of company related to ethics?

Multiple Choice

Many entrepreneurs develop an ____ code of ethics that spells out appropriate conduct for their business so employees will understand what is expected of them.

• regular

• Implicit

• Explicit

Multiple Choice

How can your actions tarnish your businesses?

• By not following the laws

• By not doing as per instructions

• By violating the code of ethics

Multiple Choice

State which statement is true for social responsibility and ethical responsibility.

• Social responsibility is not part of business ethics

• Social responsibility is contribution to society

• social responsibility is towards society ethical responsibility is ethics in business.

Multiple Choice

Why do companies formulate policies?

• To serve the employees

• To respect all

• To guide everyone

• To provide guidelines

Open Ended

Write the terms of the lesson.