Unit 6.1 Ethical and environmental considerations Flashcards
What is ethics?
Focuses on what is the morally right or the morally wrong thing to do
How might a business be unethical?
1) Using child labour
2) Paying workers low wages
3) Expecting workers to work very long hours
4) Not providing workers with safe working conditions
5) Discriminating against workers on gender, ethnicity or disability grounds
What laws punish firms who do not act ethically?
Trade Descriptions Act and the Sale of Goods Act
What problems can a business being ethical lead to?
1) Higher costs
2) Lost sales
3) Reduced profits
4) Poor financial figures
What are the benefits to a business of being ethical?
1) Workers like it when the business is ethical because they will trust their employer
2) Customers like it, helps a business gain a good reputation with customers, sometimes being an ethical producer can be necessary to gain contract with a business
3) Investors like it, they feel confident that the business will make them look good and, in the long term, will be successful
What are ethical considerations to a business?
1) Treatment of workers
2) Treatment of suppliers
3) Treatment of customers
4) Sourcing of materials
5) Marketing decisions
How do households and businesses make use of the environment?
1) It provides us with natural resources
2) It is something from which we get pleasure
3) It is somewhere to dump waste produced by households and businesses
What are environmental considerations for a business?
1) Sustainability
2) Pollution
3) Climate change
What are examples of sustainable production?
1) Solar and wind energy
2) Sustainable construction
3) Rotating crops
4) Saving water
5) Switching off lights
6) Dispose of waste properly-recycling
7) Transport
8) Avoid printing
9) Processing waste into products
What are the main kinds of pollution?
1) Air pollution
2) Noise pollution
3) Pollution of the sea and rivers
What are the problems for a business of being environmentally friendly?
1) Raw materials costs
2) Capital costs
3) Production methods may be more expensive
What was stated in the report by MP’s in July 2016?
1) Some businesses would lose their supply of energy and their ICT connections and have problems making and receiving deliveries
2) Farming would continue to be affected by soil degradation and this would lead to higher food prices#
3) The number of old people that would die from heat related causes was likely to rise
What are the benefits to a business of being environmentally friendly?
1) Increased sales
2) Reduced costs
3) Reduced tax bills
4) Getting subsidies
5) Reducing resource scarcity
