4.4.2 - Ethics Flashcards
1
Q
Ethics
A
The morals and principles that underpin business decision making
2
Q
Ethical Behaviour
A
Doing what is morally right
3
Q
Stakeholders
A
Anyone with an interest In the actions of a business
4
Q
Stakeholder Conflict
A
Needs may conflict in which case the actions of one group may weaken the power of another
5
Q
Multinational Company (MNC)
A
A company that operates in more than one country
6
Q
UK Legislation
A
UK legislation is strict e.g. all publicly listed companies have to report their greenhouse gas emissions and abide by laws on waste disposal
7
Q
Supply Chain
A
The steps involved in the manufacturing and distribution of goods.
