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What is the correct meaning of ethics in entrepreneurship?

Answer and explanation

Correct answer: Conducting business with honesty and fair behaviour

Business ethics refers to principles that guide honest, fair, responsible, and respectful conduct in business decisions. Ethical entrepreneurship includes truthful communication, fair dealing, respect for stakeholders, and compliance with applicable rules. Therefore option A is correct. Misleading customers, knowingly breaking rules, and cheating for profit are unethical behaviours, even if they appear to offer short-term gains.

Related tags

Business-EthicsHonestyBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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