MGT 4113 : EXAM 1 STUDY GUDIE
Document Summary
Independent small business business owned by an individual or small group: owner-managed firms business run by the individual who owns, serial entrepreneurs people who have multiple businesses throughout their career it. Adding employees and often growing through multiple locations at higher level of professionalization in order to maximize their profitability in a long-term. schedules defined by customer, not owner needs. It also occurs when there are several different options for a decision we have economic goals once you have defined the moral problem you face, you need to generate a variety of alternatives to handle it. These alternatives need to be evaluated to find the best one. Understand what an ethical dilemma is: making ethical decision is undoubtedly the hardest, making ethical decisions, check for obvious solutions, check for creative solutions the answer sought by the other person would cost your business money.
