Major Ethical Issues in Entrepreneurship

Question 1

• is a problem or situation that requires a person or
  organization to choose between alternatives that must be evaluated as
  right and wrong.

Answer 1

Ethical Issue

Question 2

Arises in a situation concerning right or wrong when
values are in conflict.

Answer 2

Ethical Dilemma

Question 3

beyond legal and doing right whether or not anyone is looking,

Answer 3

ethics

Question 4

not always illegal, but they will hurt society

Answer 4

unethical actions

Question 5

can be in the form of financial misconduct or
misrepresentation.

Answer 5

fraud

Question 6

UNFAIR COMPETITION:

Answer 6

Trade Libel
Dumping
Exclusive Dealings

9. Price Fixing
10. Refusal to Deal
11. Dividing Territories
12. Limit Pricing
13. Tying

Question 7

Is the replacing of regular workers with temporary workers who receive lower
wages with no or less benefit.

Temporary workers are also known as sometimes called contractuals, trainees,
apprentices, helpers, casual, price raters, agency hired, and project employees
among others.

Answer 7

CONTRACTUALIZATION

Question 8

approaches that are relevant to managers are:

Answer 8

Utilitarian Approach
Individualism Approach
Moral-Rights Approach
Justice Approach

Question 9

• The ethical concept that moral behaviors produce
  the greatest good to the greatest number.

Answer 9

Utilitarian Approach

Question 10

The ethical concept that acts are moral if they
promote the individual’s best long term interest which is ultimately leads to
greater good.

Answer 10

Individualism Approach

Question 11

The ethical concept that moral decisions are
those that best maintains the right of those people affected by them. The
right of free consent, The right to privacy, The right of freedom of
conscience, The right of free speech, The right due process and The right
to life and safety.

Answer 11

Moral-Rights Approach -

Question 12

The ethical concept that moral decisions must be
based on standard of equity, fairness and impartiality.

Answer 12

Justice Approach

Question 13

conduct by a market participant which gains
or seeks to gain an advantage over its rivals through misleading,
deceptive, dishonest, fraudulent, coercive or unconscionable
conduct in trade or commerce.

Answer 13

UNFAIR
COMPETITION

Question 14

disseminating misleading or false
information to stakeholders like investors, customers,
or employees to gain an unfair advantage.

Answer 14

UNFAIR
COMMUNICATION

Question 15

fail to honor
contracts, agreements, or commitments with various parties,
including suppliers, business partners, or employees.

Answer 15

NON-RESPECT
OF
AGREEMENTS

Question 16

ethical dilemmas that entrepreneurs
are facing when operating in the global market, such
as labor standards, human rights, corruption, and
cultural sensitivity.

Answer 16

INTERNATIONAL
ETHICAL ISSUE

Question 17

entrepreneurial activities that harm
the environment, such as pollution, deforestation,
excessive resource consumption, etc.

Answer 17

ENVIRONMENTAL
DEGRADATION

Question 18

integrates the pursuit of
economic success with a respect for social, environmental, and ethical
concerns.

Answer 18

THE MODEL SOCIALLY RESPONSIBLE BUSINESS

Question 19

Implementing
eco-friendly operations, such as reducing
waste, conserving energy, and using
sustainable materials.

Answer 19

Environmental Stewardship