LAP 044 Building a Business on Solid (Moral) Ground

Despite the challenges of behaving morally, ___________ is crucial for the success of new companies.

• business plans

• ethical decision-making

• financial resources

• obstacles

Since the actions of ___________ directly influence the culture and values of their organizations, wise entrepreneurs do their best to make ethical decisions from the very beginning.

• customers

• managers

• entrepreneurs

• engineers

Who increasingly expect the companies that they support to act in the best interest of their communities, the environment, and the world.

• customers

• owners

• schools

• leaders

What is an increasingly popular strategy for attracting ethics-mined customers?

• entrepreneurship

• morals

• competition

• corporate social responsibility

An entrepreneur that acts ethically is less likely to cause harm to the environment or to his/her customers through negligence or oversight.

• True

• False

Many customers and suppliers are less willing to work with ethical entrepreneurs.

• True

• False

Many restaurant owners will support sustainable farming practices when they purchase produce from local growers.

• True

• False

Entrepreneurs that "cheat the system" when starting their businesses risk serious legal troubles in the future.

• True

• False

Which is not an advantage of starting a business ethically?

• greater support from customers and supplier

• decreased risk of lawsuits and other legal problems

• unhappy communities

• happier and more engaged employees

What is the best way to build a successful company?

• Illegal activities

• Ethical behavior

• Overworked employees

• unethical behavior