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Why should an entrepreneur follow legal rules?

Answer and explanation

Correct answer: To avoid penalties and build a trustworthy enterprise

Legal compliance helps an enterprise operate lawfully and reduces the possibility of fines, suspension, or other penalties. It also supports the trust of customers, workers, and business partners because the enterprise fulfils recognised duties. Confusing customers, hiding expenses, or reducing quality are unethical actions, not purposes of compliance.

Related tags

Legal-ComplianceTrustBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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