ethical & environmental considerations Flashcards
ethical considerations
what is ethics?[1] what does it include?[2]
Whether a business decision is though to be morally right or wrong.
Its not all about profit.
This includes sourcing raw materials from ethical sources and treating suppliers and employees fairly.
Doing something that is legal may not be ethical.
ethical considerations
what is profit?[1]
measures the difference between the values of a business. revenue (sales) and its total costs.
ethical considerations
what are fair trade products? [1] what’s its aim?[1]
products for which customers pay higher prices and offer better trading terms,such as payments with orders;
the aim is to improve living standards for people living in poorer countries.
ethical considerations
what is social responsibility? [1]
businesses needing to act in a way that protects people within society rather than harming them.
environmental considerations
what is sustainability?[1]
business operating in a way that does not damage the environment or use up natural resources.
environmental considerations
whats is noise pollution?[1]
noise that causes some level of disturbance, either from vehicles, or business operations.
environmental considerations
what are the 4 activities of air pollution?[4] give 1 example each.
-natural pollutants eg wildfires
-agricultual pollutants eg animal waste
-industrial pollutants eg factories
-transport pollutants eg cars
environmental considerations
Many _______ _________ used by businesses are either ______ or ___- _________ such as ____ oil.
many natural resources used by bussinesses are either scarse or non-renewable, such as coal oil.
environmental considerations
Renewable resources include ______ and ____ _____.
Renewable resources include timber an wind power.
environmental considerations
give a way in which a business could engage in ethical marketing.[1]
by not advertising in children programs if their product is not good for them eg macdonalds.
environmental considerations
what desicion is most likely to be a jugded ethical decision?[1]
providing all employees with high-qualitiy training.
ethical considerations
what are the 4 ethics that can impact all business functions?[4]
marketing
operations
human resources
finance
