Ethical Entrepreneurship Quiz

Within a startup business or young company, the primary responsibility for acting ethically falls to

• the entrepreneur

• business investors

• the business's employees

• the company's customers

Ethical behavior is crucial for entrepreneurial success because

• investors only support unethical companies

• customers expect companies to act ethically

• the public generally distrusts entrepreneurs

• unethical behavior is usually more profitable

Which of the following best describes corporate social responsibility:

• Running political ads to support candidates that are pro-business

• Providing discounts on products for employees and their families

• Giving back to the community through charitable efforts

• Offering compensation for customers that are unsatisfied with products

An entrepreneur that acts ethically is less likely to

• attract quality employees

• make an impact in the community

• harm the environment

• satisfy his/her customers

When an entrepreneur makes unethical product decisions, s/he is more likely to

• harm customers through negligence

• gain dedicated, life-long customers

• attract potential business investors

• enhance future earnings potential

Which of the following statements regarding ethical behavior in entrepreneurship is true:

• Many customers are more willing to support companies that act ethically

• Making ethical decisions in entrepreneurship is easy and straightforward

• Ethical behavior by an entrepreneur has little impact on future earnings

• Ethical entrepreneurs are less likely to maintain positive relationships with suppliers

"Cheating the system" in entrepreneurship often leads to

• tremendous profits

• legal trouble

• legal immunity

• customer loyalty

Ethical entrepreneurs are more likely to

• attract and retain employees

• lose money and face bankruptcy

• face lawsuits and other legal problems

• engage in public relations activities

Why is it so important for startup companies to maintain happy, engaged employees?

• Entrepreneurs can make money off of employees by overworking them

• Employees have practically no influence on a company's profits

• Happy employees are more likely to purchase the business's products

• Employees have a large impact on the success of a business

Ethical entrepreneurs can be confident that

• they are doing what's best for short-term profitability

• their companies are making a positive impact in the world

• the public will not spend extra money to support them

• they are guaranteed to make a large profit in the long term