Which of the following statements is correct?
A)Entrepreneurs must recognize that actions taken which conflict with society's ethical standards incur a very high price.
B)The reputation of a business can be harmed severely by the actions of a single employee.Trust,once broken,is difficult to mend.
C)Customers are not likely to do business with a firm with whom they feel treated them in an unethical fashion.
D)All of the above

Question

Quizplus · Accepted Answer

All three statements are correct and emphasize the importance of ethical behavior in the business world. A) Entrepreneurs need to understand that going against society's ethical standards can lead to negative consequences. B) A single employee's actions can harm the reputation of a business, highlighting the need for ethical training and conduct. C) How customers perceive a business's ethics impacts their willingness to do business with the company. All these points reinforce the need for businesses to prioritize ethical behavior in their operations.

Which of the Following Statements Is Correct