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When profit declined an entrepreneur refused to remove employee safety measures. Which principle does this demonstrate?

Answer and explanation

Correct answer: Responsible entrepreneurship

Responsible entrepreneurship balances financial aims with duties toward employees, customers, society, and the environment. Maintaining safety measures even under profit pressure shows ethical responsibility and concern for people. It is broader than simply maximizing profit or avoiding risk, and the situation may involve legal duties but is not limited to legal compliance alone.

Related tags

Responsible-EntrepreneurshipEmployee-SafetyQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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