What is one way in which a business owner’s personal ethics can affect their ability to run their business? Group of answer choices a diagnosed alcoholic can’t get a liquor license (to run a bar) a juvenile record can be used against you in a job application being found responsible for an oil spill would cause the government to shut an oil company down a criminal record can affect your ability to get a loan

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Business owner's personal ethics can affect their ability to run their business in the following ways:

A diagnosed alcoholic can’t get a liquor license (to run a bar).

Being found responsible for an oil spill would cause the government to shut an oil company.

  • Personal ethics can be defined as the behavioral features associated with a person in association with dealing with other people, society, and performing day to day activities.
  • Personal ethics can be related to professional ethics as personal behavioral  characteristics help a person while dealing with professional obstacles, professional personalities, handling employees, running a business, and maintaining name and fame of the organization.
  • An habitual alcoholic will not get the liquor license as prolonged alcohol consumption can deteriorate the mental and physical functioning of the person. Such a person will get opportunity to steal liquor from own shop to satisfy his or her addiction will not be able to run the business. Personal ethics associated with addiction will not help the alcoholic to get the liquor license.
  • Being responsible for oil spill will be responsible for shutting down of oil company is also an example of business owner's personal ethics that can affect the ability to run the business. This is because oil spill will contaminate the water of waterways that can kill aquatic organisms that can be important either commercially or for sustaining biodiversity. Moreover, any harm to biodiversity is subjected to prosecution. So, the personal ethics of negligence of oil spill will get compromised with shutting down of oil company.

In the following cases business owner's personal ethics cannot affect their abilities to run their business:

  • A juvenile record will prevent a person from getting job but he or she can run a small scale business.
  • A criminal record will prevent a person from getting loan from a private or government organization but the person can seek loan from relatives, friends, or small scale private lenders.

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