Bus 101: Lecture 8

Question 1

Your notion of ____ may differ from others.

Answer 1

fairness

Question 2

Equality

Answer 2

where everyone gets the same amount.

Question 3

equity

Answer 3

where people get a different amount based on their needs, removing barriers such as discrimination and bias, and balancing out injustices in a system.

Question 4

EDI

Answer 4

equity, diversity, inclusion

Question 5

diversity

Answer 5

Recognizes, respects and celebrates differences, including individual, social, cultural and political differences

Question 6

____ fosters an environment of empowerment, creativity and innovation

Answer 6

diversity

Question 7

inclusion

Answer 7

Practice of ensuring everyone is valued and respected for their contributions, and are equally supported… the meaningful actions connecting equity and diversity

Question 8

Inclusion requires an understanding of…

Answer 8

our unconscious bias.

Question 9

Triple bottom line

Answer 9

focuses on economic, social and environmental.

sustainability

Question 10

Triple bottom line… aka…

Answer 10

people planet profit

Question 11

sustainability

Answer 11

meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Question 12

CSR

Answer 12

Corporate social responsibility

Question 13

United Nations Global Compact

Answer 13

where businesses sign on to agree to do things in a better way.

Question 14

the Friedman Doctrine

Answer 14

the shareholder theory or stockholder theory.

a firm’s main responsibility is to its shareholders.

Question 15

Friedman says that an executive spending a company’s money on charity…

Answer 15

is spending someone else’s money for their own purposes.

Question 16

Some critique CSR, as…

Answer 16

they see it as inefficient –> companies assume government responsibility.

Companies should focus on creating consumer surplus

Question 17

Ethics

Answer 17

concerned with human conduct, more specifically the behaviour of individuals in society.

Question 18

practice virtue ethics…

Answer 18

as practice will help you become a better person.

Question 19

The Lance Armstrong Principle

Answer 19

If you push people to promise more than they can deliver, they’re motivated to cheat.

Question 20

Adam Smith - Theory of Moral Sentiments

Answer 20

explores the nature of human morality, focusing on how individuals develop a sense of right and wrong through sympathy.

Question 21

Justice

Answer 21

can be seen as the systemic changes made to improve EDI in society