Ethical Entrepreneurship and Business Sustainability

Who has the most power to shape organizational culture and values in a startup business?

• Competitors
• Customers
• Entrepreneurs

• Interns

Explain why it's more important than ever for entrepreneurs and their companies to act ethically.

• Ethical behavior is outdated and unnecessary in today's business environment
• Unethical behavior can lead to positive impact on overall business performance
• unethical behavior can quickly damage a company's reputation and lead to severe consequences such as loss of customers, legal actions, and negative impact on the overall business performance.

• In today's interconnected world, unethical behavior has no consequences for a company

Explain how acting ethically decreases the risk of harm to the environment and to a company's customers.

• Acting unethically increases the risk of harm to the environment and customers by promoting responsible and sustainable practices
• Acting ethically has no impact on the risk of harm to the environment and customers
• Acting ethically increases the risk of harm to the environment and customers by promoting irresponsible and unsustainable practices
• It Is less likely to cause harm to the environment or to
  their customers through negligence or oversight

Why do entrepreneurs who act ethically enjoy greater support from customers and suppliers?

• Acting ethically builds trust and credibility, leading to greater support from customers and suppliers, and increased sales

• Ethical behavior leads to customers and suppliers feeling distrustful and unsupportive
• Customers and suppliers prefer to support entrepreneurs who are unpredictable and unreliable
• Acting unethically creates a sense of mystery and intrigue, attracting more customers and suppliers

Explain why ethical entrepreneurs are less likely to get into legal trouble.

• Ethical entrepreneurs are less likely to get into legal trouble because they prioritize honesty, integrity, and compliance with laws and regulations in their business practices.
• Ethical entrepreneurs are more likely to break the law for personal gain
• Ethical entrepreneurs prioritize deception and dishonesty in their business practices
• Ethical entrepreneurs are not concerned with following regulations

Explain why ethical entrepreneurs are more likely to attract and retain employees.

• Ethical entrepreneurs are more likely to attract and retain employees because they offer the highest salaries in the industry.
• Ethical entrepreneurs are more likely to attract and retain employees because they have strict and inflexible work policies.
• Ethical entrepreneurs are more likely to attract and retain employees because they create a positive work environment and treat employees with respect.
• Ethical entrepreneurs are more likely to attract and retain employees because they prioritize profits over employee well-being.

Why is ethical behavior the best way to build a successful company?

• Ethical behavior does not impact trust or reputation
• Ethical behavior is the best way to build a successful company because it fosters trust, reputation, and positive relationships with stakeholders, while reducing legal and financial risks.
• Unethical behavior leads to higher legal and financial risks
• Successful companies are built on dishonesty and deceit

What does it mean to commit copyright, patent, or trademark infringement?

• Creating original content with proper permission
• Purchasing intellectual property rights legally
• Sharing intellectual property with proper attribution
• Using someone else's intellectual property without permission, which is a violation of their rights.

Explain puffery.

• Puffery refers to exaggerated or promotional statements that are not meant to be taken literally.
• Puffery is a type of pastry filled with cream or custard.
• Puffery is a method of cooking food using high heat and oil.
• Puffery is a legal term used to describe the act of blowing smoke in someone's face.

Why is it important for entrepreneurs to separate their business and personal finances?

• To make it easier to mix personal and business expenses
• To increase the risk of personal assets being affected by business liabilities
• To show potential lenders and investors a lack of financial responsibility
• To ensure
  compliance with the law—and to provide transparency for investors and customers