Ethical and environmental considerations Flashcards
(13 cards)
Q: What is business ethics?
Moral principles that govern business behavior or conduct.
How can businesses act ethically?
Paying fair wages, reducing pollution, buying Fairtrade supplies, improving working conditions, and donating to the community.
What are some examples of unethical labor practices?
Child labor, poor working conditions, modern slavery, and underpaid workers.
What are the benefits of ethical business practices?
Increased sales, loyal employees, and a strong brand reputation.
What is a trade-off between ethics and profit?
Ethical practices may increase costs, reducing short-term profit but potentially improving long-term reputation and sales.
What are major environmental issues businesses must consider?
Traffic congestion, recycling, waste disposal, noise pollution, and air pollution.
How can businesses reduce traffic congestion?
Reducing packaging to fit more products in fewer transport vehicles.
What is the impact of waste disposal?
Businesses must minimize waste, recycle, and follow the waste hierarchy to prevent pollution.
How can businesses be more environmentally friendly?
Using solar energy, reducing packaging, recycling materials, and encouraging employees to carpool.
What is sustainability in business?
Avoiding the depletion of natural resources to maintain ecological balance.
How can businesses ensure responsible sourcing?
Using ethical suppliers, avoiding child labor, and minimizing environmental impact.
How does global warming impact businesses?
They must reduce carbon emissions and improve energy efficiency to meet government regulations.
What is the trade-off between sustainability and profit?
Sustainable practices can increase costs but improve long-term success and consumer trust.
