lec 5

Question 1

what are the three parts of corporate governance

Answer 1

ethics, corporate social responsibility and sustainablility

Question 2

what are the 2 main benefits of ethical behavior

Answer 2

it attracts higher quality customers and business partners
forces you tho think more long term

Question 3

what is the goal of ethics in a organization

Answer 3

so that the employees act accordingly when no one is watching

Question 4

corporate social responsibility (csr)

Answer 4

its the responsibility of the organization due their reach and influence

Question 5

what is the north american context for ethics

Answer 5

its to carry the ethical standards of north america everywhere you go

Question 6

what are the settings for CSR

Answer 6

workplace, enviroment, community and marketplace

Question 7

what are the four influences of personal ethics

Answer 7

society, family, religion and values

Question 8

social sustainability

Answer 8

this is for things like social justice, child labour etc

Question 9

enviromental sustainability

Answer 9

the firms impact on the enviroment

Question 10

economic sustainability

Answer 10

the firms impact on jobs and wages etc