ENTREP MIDTERM (UNIT 2) Test and Flashcards

Are codes of conduct, employed by entrepreneurs which impact society positively, thereby increasing the entrepreneur’s chances for greater success?

Entrepreneurial Ethics

What do you call the hand in hand with entrepreneurial ethics?

Integrity

How a company treats its workers is a good indication of its ethical practices.

Labour

Your clients are your key stakeholders, and it should be quite obvious as to how dependent your business is on its customers.

Clientele

It is difficult, and possibly unavoidable, to engage in business while having no impact on the environment.

Environment

What are the Most Common Entrepreneurship Myths?

1. Entrepreneurs are born that way.

2. The only requirement is a good idea

3. Starting a new business guarantees freedom.

4. Launching a company quickly leads to wealth.

5. Only money motivates employees.

6. Businesses either flourish or fail.

7. All responsibility falls on the entrepreneur.

8. There’s a secret, “silver bullet” key to success. I

9. Businesses need someone with an MBA at the helm.

10. Quitting is for losers.

Flashcards: ENTREP MIDTERM (UNIT 2)