SGS Business 2.1.4 Ethics and Business DJT

What are the benefits of a company being known as ethical?

• Impact on competitiveness
• Enhances reputation
• Value added
• All of these

What is a stakeholder?

• Someone who has an interest in the company
• Someone who eats lots of meat
• Someone who stabs people with sticks
• A vampire slayer

Moral principles by which people conduct themselves personally, socially, and professionally. 

• integrity
• ethics
• code of conduct
• social responsibility

This law requires that men and women be payed equal wages for equal work. 

• Equal Pay Act
• Equality in Wages Act
• Equality for All Act
• Pay Equality Act

What is Fairtrade all about?

• better prices and better working conditions

• more trade for less money

• less money for workers

• less crops

Who does Fairtrade really support?

• The richest earners

• The poorest earners

• The crops

• The countries wanting the crops

Who are Greenpeace?

• Greenpeace is a pressure group, who aims to help to protect the environment. 
• Greenpeace is a pressure group, who aim to help to protect large companies from environmental impact. 

Which option is an example of a business behaving ethically?

• Paying employees above the living wage

• Buying non fair trade products rather than the fair trade alternative

• Paying suppliers the lowest possible price for raw materials

• Setting high retail prices as the only producer of an essential product

Which statement best describes the term ethical behaviour? When a business behaves in a way that:

• Is classed as morally wrong

• Minimises costs

• All stakeholders consider fair and honest

• Maximises profits

Which of the following behaviours by a car manufacturer could be classed as unethical?

• Producing vehicles with high fuel consumption

• Researching alternative, environmentally friendly, fuel types

• Producing energy efficient hybrid cars

• Researching new, advanced, vehicle safety features