IBDP Business Unit 1.3 Key Terms

IBDP Business Unit 1.3 Key Terms

Professional Development

11 Qs

quiz-placeholder

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IBDP Business Unit 1.3 Key Terms

IBDP Business Unit 1.3 Key Terms

Assessment

Quiz

Business

Professional Development

Medium

Created by

Escott .

Used 7+ times

FREE Resource

11 questions

Show all answers

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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