Ethical Flashcards
1
Q
What is business ethics?
A
When the business is morally right and doesn’t conduct wrong.
2
Q
What decision do business make to be ethical?
A
Location
Merger, takeover retrenchment
Corruption
Working with suppliers
3
Q
What are some ethical issues?
A
Environmental
Animal rights
Treatment of workers
4
Q
What is corporate social responsibility?
A
It is the continuous commitment by business to behave ethically and contribute to economic development.
5
Q
What are the benefits of corporate social responsibility?
A
Financial benefits
HR benefits
Marketing benefits
Operational benefits
6
Q
What are the drawbacks corporate social responsibility?
A
Financial cost
Opportunity cost
Not
