2.1 Business Ethics

Ethics means

• Multiple choice
• Deciding on actions based on profitability
• Deciding on actions based on what is easiest
• Deciding on actions based on what is morally right

A business that pays its workers a wage rate below the living wage is..

• Multiple choice
• Ethical
• Unethical

A business that supports local suppliers is

• Multiple choice
• Ethical
• Unethical

A business that maipulates data about their product to mislead consumers is..

• Multiple choice
• Ethical
• Unethical

Being unethical is illegal

• Multiple choice
• true
• false
• Depends

A pressure group is..

• Multiple choice
• An organisation that campaigns against unethical businesses
• A part of the government
• A group of consumers

Being ethical might increase profits because

• Multiple choice
• It will reduce costs
• You may be able to charge a premium price

Being ethical might result in a trade off because..

• Multiple choice
• Workers will be less motivated
• You will sell less
• Your costs may increase (meaning lower profits)