business ethics

Question 1

Rana Plaza

Answer 1

In 2014 a Bangladeshi factory collapsed killing 1100 and injuring a further 2500.

Question 1

Milton Friedman

Answer 1

The only purpose of a business is to increase profits.

Question 2

Robert Solomon

Answer 2

If a business looks after their employees (CSR) then profits will follow.

Question 3

Emily Brody

Answer 3

It’s important to be sustainable.

Question 4

Apple

Answer 4

Sweatshops with 200000 workers and 18 attempted suicides. Hourly pay of £1.2.

Question 5

Nike

Answer 5

Only ranks 6/20 on an ethical consumer score.

Question 6

Duncan Clark

Answer 6

Consumers vote with their money.

Question 7

Goldsby

Answer 7

Treating people nicely = good business.

Question 8

Crane and Matthew

Answer 8

Four key elements of CSR:
- economic responsibility
- legal responsibility
- ethical responsibility
- philanthropic responsibilty

Question 9

PIDA criteria

Answer 9

• must be in public interest
• must report it to the right people
• must believe it’s true

Question 10

Geoffrey Wigand

Answer 10

Was hired to make a safer cigarette by B&W but he found out that they knew it was addictive. They ignored his research so he whistleblowed on them. As a result he was sacked, had his research funding cut off, and had threats against his family.
However, as a result the company was sued.

Question 11

James Desert and Ethan Burris

Answer 11

Did a study that shows that communication means that employees can raise their concerns, which increases retention and performance.

Question 12

Evan and Freeman

Answer 12

Stakeholder theory is rooted in Kantian ethics. It gives consideration to employees, the local community, and suppliers, not merely as means but as ends in themselves.

Question 13

Jeffery Sachs

Answer 13

‘Globalisation more than anything has helped reduce the number of extreme poor in China by 200million and in India by 300million.’