Ethics

Question 1

what is a business

Answer 1

a person/people offering goods/service to others with aim to make profit

for osteopaths = offering service to clients in return for them paying a fee

Question 2

what is ethics

Answer 2

moral principles governing a persons behaviour, being positive ie telling the truth, being with integrity etc

Question 3

what is business ethics

Answer 3

Behavious that a business adheres to in its daily dealings with the world

to some its bottom line making a profit which itself isnt wrong but more about the manner in which their do it

Question 4

Advantages of businesses who behave ethically

Answer 4

Reputation
standing out
individual morals
customer trust/loyalty
investor confidence
public acceptance
good marketing

Question 5

Disadvantages for businesses who behave ethically

Answer 5

Decreased profit with high costs
public and society views changing - trends

Question 6

3 laws related to business

Answer 6

Employment Right act 1996
Equality Act 2010
Data protection Act 2018

Question 7

4 moral principles

Answer 7

Autonomy = consent / respect

Beneficence = duty to do good

Non-maleficence = duty to not do bad

Justine = treat all equally and equitably