3.4.4 Business Ethics Flashcards
What might businesses ethical decisions be based on? 4 things
environment
workers rights
animal rights
corruption
What might a businesses ethical objective be? 2
not to test on animals
do not take bribes off of customers
What is a firms corporate social responsibility?
assessing and taking responsibility for its effects on the environment and welfare
What is involved in an audit of a firms social responsibility? 3
employment indicators
human rights indicators
environment
What is remuneration?
reward for work in the form of pay/wages
Why do businesses give out rewards? 3
attract employees with right skills
maximise productivity levels
motivate staff
Why might a business have conflicts between ethical objectives and profitability?
if a business is being ethical without having to - it could negatively impact their profits
2 adv of a firm becoming ethical?
improves image of business
cannot break the law
