Entrepreneurship Unit 1 Test

The basic principles that govern a business's actions are

• social responsibility

• Foreign Cultures

• Codes of Ethics

• Business Ethics

Most industries have specific

• Behavior

• Respect

• Public Image

• Laws

            Ethics begins with important ethical principles like ____.

• Rules

• Taxes

• Laws

• Altruistic

Business ethics are not the same thing as business ____.

• Business Ethics

• Code of Ethics

• Stakeholders

• Rules of Codes

Doing something unethical and doing something illegal may result in different ____.

• Suspension

• Jail Time

• consequences

• Bankruptcy

Businesses should behave ethically because of their ____.

• foreign culture

• respect

• workers

• social responsibility

Which is NOT a type of ownership?

• Corporation

• Sole Proprietorship

• Altruistic

• Partnership

Businesses must fulfill obligations to ____.

• Altruistic

• Business Ethics

• customers

• stakeholders

Businesses may engage in unethical practices because the practices are not ____.

• Right

• Illegal

• Law

• Consequences

Businesses may engage in unethical practices because they are acceptable in ____.

• Social responsible

• Business Ethics

• Life

• Foreign Cultures