Illustrate and Explain Four Ethical Dimensions of Business Behavior; Give

question 73

Essay

Illustrate and explain four ethical dimensions of business behavior; give two examples of behaviors that fit each dimension.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products, services, or ideas to the market.

Ambiguity

The quality of being open to more than one interpretation; vagueness or uncertainty.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.

Strategic Standpoints

Positions or perspectives taken with the intention of achieving long-term goals or objectives.