environment and ethics Flashcards
1
Q
what is ethics about
A
what is morally right or wrong
2
Q
what does ethics place on the shareholders
A
a right and duty of a business
3
Q
examples of ethical issues (4)
A
- dicrimination against workers
- spying on workers
- poor health and saftey standards
- selling faulty or dangerous goods
4
Q
benefits of an ethical approach
A
- customers may want to pay more
- may lead to an increased sales
5
Q
problems of being ethical
A
- increased costs
- may lose profit- lower profit margins
- can be damaging if you claim to be ethical and you are not
6
Q
the problems of businesses producing
A
- can cause pollution
- global warming
- can affect the environment
7
Q
benefits of business activity
A
- cretae jobs for the local
- boost to incomes which can lead to the multiplier effect
- improvements to infrastructure
8
Q
how can a business be ‘green’
A
use renewable energy resources
9
Q
what does sustainable mean
A
- resources used are renewable or that have been recycled
- resources that can be used by future generations
10
Q
how can GG toys and Toms toys be green (4)
A
- use light sensors
- dispose of waste e.g. recycle
- insulate building
- fuel efficient vehicles
11
Q
advantages of being gree
A
- attract and retain customers
- charge higher prices –> higher profit margins. This would help to maximise revenue
- minimise recruitment costs by retaining good staff
12
Q
disadvantages of being green
A
- increased costs ]- using more expensive suppliers or moving production to the uk.
- this would possibly reduce profitability
13
Q
how can the goverment deal with environmental problems
A
- higher taxes on bigger cars
- rules/ regulations
- carbon emissions checked
14
Q
A
