2.2 Ethical And Environmental Decisions Flashcards
1
Q
Ethics
A
Wether a decisions is thought to be morally rught or wrong
2
Q
Profit
A
Difference between revenue and total costs
3
Q
Fair trade products
A
are those for which customers pay higher prices and offer better trading terms, such as payments with orders. The aim is to improve the living standards of people in poorer countries where the products are produced.
4
Q
Social responsibility
A
is an approach to managing businesses in which the interests of all groups in society are taken into account when making decisions.
5
Q
Environment
A
The naturall world which we live in
6
Q
External costs
A
When a business activity result in harmful effects.
7
Q
Non- renewable resources
A
Resources which are only limited available
8
Q
Global warming
A
The graduall heating of the earths surface
9
Q
Pressure group
A
a group of people with a common interest who influence public opinion and decisions by businesses and governments.
10
Q
Environmental responsibility
A
refers to the taking of decisions by businesses, consumers. governments and other groups with the intention of protecting the environment.
11
Q
Sustainability
A
refers to methods of production which can be continued in the long term without damage to the environment.
12
Q
Recycling
A
The re-use of raw materials
13
Q
Environmental reporting
A
The publicatiom of a businesses environmentally performance to the public
