Business Ethics

Benjamin, Kai, and Henry are planning to start a business. What does it mean for their business to be ethical?

• Operating in a way that is fair to employees, suppliers, customers, and the environment

• Operating within the legal requirements

• Maximizing profits at all costs

• Ignoring the impact on employees, suppliers, customers, and the environment

Anika, Liam, and Rohan are running a startup. How can they ensure they are treating their employees well?

• By providing a safe working environment and fair wages

• By paying the minimum wage and offering no additional benefits

• By ignoring employee needs and concerns

• By focusing solely on employee productivity

During a class discussion, Jackson, Grace, and Michael were discussing various companies. They were particularly interested in which company is known for its high level of employee satisfaction. Which company were they most likely talking about?

• Google

• Starbucks

• Lush

• None of the above

Anika, Isla, and Ava are running a small business. They are discussing how they can act ethically towards their suppliers. What could be a good approach?

• Paying fair prices and making payments on time

• Exploiting suppliers for maximum profit

• Using materials from unethical sources

• Ignoring supplier needs and concerns

Harper, Abigail, and Grace went to a local grocery store. They noticed a fair-trade logo on a coffee package. What does this logo indicate?

• The business has paid the coffee grower fairly for the product

• The coffee is of high quality

• The business is part of a fair-trade organization

• The coffee is environmentally friendly

Lily, Nora, and Kai are discussing about companies with ethical buying policies. Lily thinks Lush has such a policy. Is she correct?

• Lush

• Google

• Starbucks

• None of the above

Ethan, Nora, and Aria are running a small business together. They are discussing the importance of paying their fair share of taxes. Why do they believe it's important for their business to do so?

• To be seen as ethical and avoid negative reputation

• To maximize profits by avoiding tax payments

• To take advantage of legal loopholes

• To support government initiatives

Kai, Benjamin, and Anika are discussing the potential impact of a company they know not taking an ethical approach to business. What could be the consequences?

• Negative public opinion, damaged brand image, and decreased customer loyalty

• Increased profits and market share

• Positive media coverage and government support

• Improved employee satisfaction and productivity

Scarlett, Emma, and Sophia are discussing their new business venture. Scarlett believes that there is a trade-off between ethics and profits. Is she correct?

• No, their ethical business can charge premium prices and benefit financially

• Yes, their ethical business will always have lower profit margins

• No, ethics have no impact on their business profitability

• Yes, their ethical business cannot compete with unethical rivals

Isla, Ava, and Arjun are running a startup. They are discussing the potential financial costs of acting unethically in today's business climate. According to them, why could it be financially costly for their startup to act unethically?

• Increased exposure of their unethical actions in the press and on social media

• Decreased competition from other startups that also act unethically

• Government penalties for their startup's unethical behavior

• Lack of customer awareness and concern about their startup's unethical actions