Stuff for Ethical Business

Question 1

Minimum wage

Answer 1

Also called the price floor. Lowest remuneration tat employers can legally pay their employees. It changes among countries

Question 2

Social Audits

Answer 2

Annual social reports indicates the social impacts of a business over the same period of time. Annual social reports are called social audits

Question 3

Pressure groups

Answer 3

Group of people with shared interest formed to influence policy and decision-making process

Question 4

Trade Unions

Answer 4

Organizations of workers formed to safeguard guard their rights, salaries and working conditions

Question 5

Job enrichment

Answer 5

Strategy use to motivate employees

Question 6

Susteinability

Answer 6

Ability to maintain a process overtime encompassing the triple bottom line

Question 7

Triple bottom line

Answer 7

A theory that expands business metrics of success to include SOCIAL well being,ENVIROMENTAL health and a just ECONOMY.