In which situation is an entrepreneur’s ethical responsibility affected the most?
Answer and explanation
Correct answer: When the entrepreneur hides a product defect from customers
Ethical business practice requires honesty, informed customer choice, and responsibility for product safety and quality. Hiding a defect deliberately deceives the buyer and can cause financial or physical harm, so it seriously violates trust. Timely service, accurate pricing, and requesting feedback are generally responsible business actions. Therefore, concealing a product defect is the clearest ethical violation.
Frequently asked questions
What is the correct answer to this question?
When the entrepreneur hides a product defect from customers
Why is this the correct answer?
Ethical business practice requires honesty, informed customer choice, and responsibility for product safety and quality. Hiding a defect deliberately deceives the buyer and can cause financial or physical harm, so it seriously violates trust. Timely service, accurate pricing, and requesting feedback are generally responsible business actions. Therefore, concealing a product defect is the clearest ethical violation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
