Entrepreneurship and Small Business ManagementSection 2:
Ethical Responsibility Section 24.2 Summary
Ethics are the moral code by which people live and conduct business. An entrepreneur should develop a written code of ethics to reduce the chance of unethical behavior occurring in his or her business. Employees should be involved in developing the code of ethics. Businesses often face ethical problems when there are conflicts of interest, when their economic survival is threatened, and when doing business abroad (where ethical practices may differ). Section 24.2 Reading Organizer
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