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Stakeholders in a business

Individuals or groups affected by the business’s actions

Trait of a successful entrepreneur

Visionary thinking and perseverance

Business ethics refers to

Principles that guide decision-making in business

Integrity in business means

Doing the right thing even when no one is watching

Utilitarianism

is a normative ethical theory.

Kantian or duty-based ethics is focused on

Duty and intention behind the act

The Protestant work ethic emphasizes

Work as a form of spiritual devotion

Aristotle

considered a major proponent of virtue ethics.

One of the example of an ethical issue in business

is Discrimination in hiring

Discrimination in the workplace

can be based on Gender, race, or age

Harassment in the workplace refers to

repeated unwanted conduct that creates a hostile work environment

Unethical accounting practices may involve

Overstating revenues and hiding expenses

Part of employee health and safety responsibilities

Providing a hazard-free work environment

Abuse of leadership authority includes

Threatening employees to gain favors

Nepotism in business refers to

Hiring family members regardless of merit

One violation of employee privacy

accessing personal emails without consent

Corporate espionage refers to

Stealing trade secrets from a rival company

Legal issues in business generally involve

Compliance with the law

Intellectual property

Patents, trademarks, and copyrights

A conflict of interest arises when

Personal interests interfere with professional duties

Patent

Protects inventions and processes for a limited period.

Utility patent

type of patent protects the way an invention works.

A design patent protects

the appearance of a product

Copyright

protects original works of authorship like books, music, or software.

A trademark is primarily used to protect

Brand names and logos

Truthfulness in business refers to

Providing honest information to stakeholders

Fairness in business means

Treating people equally and justly

Disclosure in a business context refers to

Making important information available to stakeholders

Corporate Social Responsibility (CSR) refers to

A company's efforts to improve society and the environment

Social entrepreneurship is focused on

Solving social problems through innovative solutions

Employment development as a goal of social entrepreneurship means

Creating jobs and enhancing

worker skills

Innovation in social entrepreneurship involve

Developing new goods and services for social change

Equity promotion refers to

Creating opportunities for everyone regardless of background

Key quality of a social entrepreneur

is mission-driven

A results-oriented social entrepreneur focuses on

Measuring success through positive outcomes

One major funding problem for social entrepreneurs is

Lack of investment due to low return

expectations

Remaining true to the mission means

Sticking to the social purpose despite challenges

Social and cultural challenge for social entrepreneurs

Community resistance to change

An ethical workplace encourages

Trust and accountability

Diversity in the workplace means

Embracing people of different backgrounds, identities, and abilities