environment and ethics

Question 1

what is ethics about

Answer 1

what is morally right or wrong

Question 2

what does ethics place on the shareholders

Answer 2

a right and duty of a business

Question 3

examples of ethical issues (4)

Answer 3

• dicrimination against workers
• spying on workers
• poor health and saftey standards
• selling faulty or dangerous goods

Question 4

benefits of an ethical approach

Answer 4

• customers may want to pay more
• may lead to an increased sales

Question 5

problems of being ethical

Answer 5

• increased costs
• may lose profit- lower profit margins
• can be damaging if you claim to be ethical and you are not

Question 6

the problems of businesses producing

Answer 6

• can cause pollution
• global warming
• can affect the environment

Question 7

benefits of business activity

Answer 7

• cretae jobs for the local
• boost to incomes which can lead to the multiplier effect
• improvements to infrastructure

Question 8

how can a business be ‘green’

Answer 8

use renewable energy resources

Question 9

what does sustainable mean

Answer 9

• resources used are renewable or that have been recycled
• resources that can be used by future generations

Question 10

how can GG toys and Toms toys be green (4)

Answer 10

• use light sensors
• dispose of waste e.g. recycle
• insulate building
• fuel efficient vehicles

Question 11

advantages of being gree

Answer 11

• attract and retain customers
• charge higher prices –> higher profit margins. This would help to maximise revenue
• minimise recruitment costs by retaining good staff

Question 12

disadvantages of being green

Answer 12

• increased costs ]- using more expensive suppliers or moving production to the uk.
• this would possibly reduce profitability

Question 13

how can the goverment deal with environmental problems

Answer 13

• higher taxes on bigger cars
• rules/ regulations
• carbon emissions checked