There Are Many Types of Unethical Business Behavior

question 41

True/False

There are many types of unethical business behavior.One example is where executives provide information that they know is incorrect to banks and to stockholders.It is illegal to provide such information to banks,but it is not illegal to provide it to stockholders because they are the owners of the firm,not outsiders.

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Definitions:

Consistent Practice

The regular and repeated exercise of an activity or skill to improve proficiency and achieve mastery over time.

Family Enterprise

A business that is owned and managed by multiple family members, typically for more than one generation.

Entrepreneurship

The act of establishing a company or companies, while accepting monetary risks with the aspiration of earning profits.

Act On Them

To take action or respond based on specific ideas, feelings, or information.