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Name one of the resources of business that deals with money or capital? Why is it important for all entrepreneurs to follow the Code of Ethics? Explain the main function of microfinance.

Business/Management

ScanSolve AI Answer

Here are the answers to your questions:

Question 29:
One resource of business that deals with money or capital is Finance (or Capital).

Question 30:
It is important for entrepreneurs to follow a Code of Ethics to build and maintain trust with customers, employees, and stakeholders. Ethical conduct enhances the business's reputation, fosters a positive work environment, and ensures long-term sustainability by avoiding legal issues and promoting fair practices.

Question 31:
The main function of microfinance is to provide financial services such as small loans, savings accounts, and insurance to low-income individuals or groups who typically lack access to conventional banking and related services. It aims to empower these individuals, often in developing countries, to start or expand small businesses, improve their livelihoods, and reduce poverty.

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