The authors examined the following questions: Does gender influence the ethicality of enterprise students to a greater extent than it does nascent entrepreneurs? If this is the case, then is it due to factors associated with adulthood such as age, work experience, marital status, and parental status? Sex-role socialization theory and moral development theory are used to support the development of hypotheses. A total of 128 undergraduate business enterprise students and 204 nascent entrepreneurs participated in this study. Ordinary least squares regression was used to produce estimates to support hypothesis testing. The findings suggest implications for entrepreneurship education and future research in this area.