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.
Frequently asked questions
What is the correct answer to this question?
Conducting business with honesty and fair behaviour
Why is this the correct answer?
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.
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.
