Ethics And Social Responsibility

Question 0

Social responsibility

Answer 0

When an organisation contributes to the community above and beyond what the law requires.

Question 1

Ethics

Answer 1

The moral standards that are used when making decisions and taking action - the difference between right and wrong.

Question 2

Triple bottom line

Answer 2

A method of evaluating how well an organisation has performed in terms of financial performance, social outcomes and environmental impacts.

Question 3

Conflict of interest

Answer 3

This situation arises when a person in a position of trust (eg. Manager) had competing professional and personal interests and it becomes difficult to remain impartial.

Question 4

Ethical behaviour includes:

Answer 4

• act fairly and honestly
• obey the spirit of the law
• tell the truth
• show respect for people
• do no harm
• avoid conflict of interest