IBDP Business Unit 1.3 Key Terms
Quiz
•
Business
•
Professional Development
•
Medium
Escott .
Used 7+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The conscientious consideration of ethical and environmental practice related to business activity. A business that adopts CSR acts morally towards all of its various stakeholder groups and the wellbeing of society as a whole.
Corporate Social Responsibility
Corporate Wellbeing
Corporate Stakeholder Responsibility
Corporate Ethics
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The documented beliefs and philosophies of an organisation, so that people know what is considered acceptable or not acceptable within the organisation.
Ethics handbook
Ethical code of practice
Ethical mission
Ethical vision
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Organisational goals based on moral guidelines, determined by the business and/or society, which direct and determine decision-making.
Ethical code of practice
Ethical guidelines
Ethical objectives
Ethics
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The moral principles that guide decision-making and business strategy. Morals are concerned with what is considered to be right or wrong, from society's point of view.
Ethics
Morals
Mission
Vision
5.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
A _______ statement refers to the declaration of an organisation's overall purpose. It forms the foundation for setting the objectives of a business.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What an organisation strives to achieve. They are the goals of an organisation, such as growth, profit, protecting shareholder value and ethical objectives.
Ideas
Goals
Objectives
Strategies
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The longer-term goals of a business, such as profit maximization, growth, market standing and increased market share.
Mission
Vision
Objectives
Strategic objectives
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