2.2 Ethical Amd Enviromental Considerations

Question 1

Ethic

Answer 1

refers to whether
a business decision is
thought to be morally
right or wrong. An ethical
decision is made on the
basis of what is judged to
be morally right.

Question 2

Social respocibility

Answer 2

is
an approach to managing
businesses in which the
interests of all groups
in society are taken into
account when making
decisions.