ENT 2-1.02 Ethics

Within a startup business, the responsibility for acting ethically falls to:

• the entrepreneur

• the business employees

Ethical behavior is crucial for entrepreneurial success because:

• unethical behavior is more profitable

• customers expect companies to act ethically

An entrepreneur that acts ethically is less likely to;

• harm the environment

• satisfy customers

"Cheating the system" in entrepreneurship often leads to:

• legal trouble

• tremendous profits

Happy, engaged employees:

• purchase business products

• have a large impact on the success of a business

Ethical entrepreneurs can be confident that:

• short-term profitability is the only option

• their companies are making a positive impact in the world

Puffery:

• exaggerated or false praise

• a large breath

Nepotism:

• hiring a family member or friend

• fairness,impartiality

Copyright infringement:

• business negligence

• stealing someone's idea and passing it off as your own

Maximizing long-term profits, promoting the well-being of the community and preserving the environment are all goals of:

• corporate social responsibility

• business sustainability