Entrepreneurship and ethics Flashcards
1
Q
Define social responsibility
A
the obligation a business has to have a positive impact on society
2
Q
Define philanthropy
A
an active effort to improve society often through charity
3
Q
Social obligation
A
minimum level by obeying the law
4
Q
Social responsiveness
A
moderate level mainly for the pragmatic benefit of doing so
5
Q
Social responsibility
A
maximum level, pursue long term goals that benefit society no matter the benefit to the organisation
6
Q
What is business ethics?
A
The study of business situations, activities and decisions where issues of right and wrong are addressed
7
Q
What are some examples of business ethics as a strategy for entrepreneurship?
A
Fairtrade
Local sourcing of supplies
Apprentices
Training and staff development
