Two green initiatives corporations can carry out to practice environmental responsibility. Invest in greener __________, _________and ________. The use of _____ _________ reduces carbon emissions which is a __________ gas. The company can also invest in ______ _________ lightbulbs to reduce ______ ___________. Encourage employees to be more _______________ _____. Employees can reduce _____ usage in the office to preserve the _______ since the production of paper contributes greatly towards _____________. Employees can also ______ ___ unused electrical appliances to lower ______ ___________.

technology, machinery, equipment, green machinery, greenhouse, energy efficient, energy consumption, environmentally aware, paper, forests, deforestation, switch off, energy consumption

Benefits of carrying out environmental responsibilities

Improves public image & public relations

Definition of outsourcing. The practice of hiring an ________ ____________ to perform certain ________ _________.

external organisation, business functions

Three advantages & disadvantages of outsourcing. ADVANTAGES 1. Able to ____ ________ with the vendor instead of having to manage ___ ___ _____ 2. Able to find _________ outside of the home country 3. Able to find people who are willing to do jobs that are ___ ______ in the home country DISADVANTAGES 1. Loss of own _________ 2. Lack of _______ over workers 3. Lack of control over _________ of the organisation

deal directly, all the staff, expertise, not wanted, workforce, control, standards

Three unethical concerns of outsourcing. 1. Poor working ___________ 2. ________ concerns 3. Employees are _________ & not given the appropriate _____________

environment, security, underpaid, remunerations

Three advantages of using offshore labour. 1. _____ wages that are paid to offshore workers which reduces ____ _____ 2. Reduced ___ _____ that are offered as an __________ by overseas countries 3. Able to avoid ____ __ _____ _ __________ , including _____________ __________, ____________ ______ or______ _________ ___

lower, wage costs, tax rates, inducement, cost of other regulations, environmental protection, occupational health, labour relations law

Three disadvantages of using offshore labour. 1. Increases the ____________ rate in home country because job opportunities are ________ 2. Consumers will be ________ to deal with offshore/overseas ________ _______ 3. ________ for the business to ______ the offshore staff

unemployment, exported, hesitant, customer service, difficult, manage

Two unethical concerns about offshore labour. 1. _____ working conditions that are ____________ 2. Workers are paid _______ ____ or lower than _______ ____

harsh, dehumanising, minimum wage, minimum wage

Five ethical practices when using offshore labour. 1. Not forcing employees to work ______ ________ with no ______ & __________ for slow work or mistakes 2. Maintaining the _______ of products relative to the price sold 3. Not using __________ where workers are paid ____ ______ for their work 4. Managers must visit their ________ ________ more often to _______ the working conditions themselves 5. ___________ with local ______ to ensure good working conditions are met

unpaid overtime, breaks, punishment, quality, sweatshops, very little, offshore partners, observe, collaborate, unions

Definition of ethical practice. A business is operating in __________ with the _____ or _________ for right _______ or ________.

accordance, rules, standards, conduct, practice

Role of International Labour Organisation (ILO). Set _________ for __________ to ensure ______ _______, __________ & _____ for all.

standards, employment, social justice, prosperity, peace

Fundamentals of International Labour Organisation (ILO)

Elimination of discrimination of employment & occupation

Elimination of forced or compulsory labour

Ways International Labour Organisation (ILO) can minimise or overcome labour exploitation & child labour issues.

Realise standards & fundamental principles & rights at work

Create greater opportunities for decent employment

Implement ILO child labour conventions

Ways the government can minimise or overcome labour exploitation & child labour issues.

Ensure basic needs or children are met

Ways consumers can minimise or overcome labour exploitation & child labour issues.

Support brands that do not use exploitative child labour or employees

Support non-governmental organisations (World Vision)

Definition of Corporate Social Responsibility (CSR). Also known as ______ ______ ____, a ____-_________ mechanism whereby a company ________ monitors ______, ___________, ______ ______, _______ __________ & _____ _________

triple bottom line, self-regulation, actively, society, environment, global trends, ethical principles, legal standards

Role of Corporate Social Responsibility (CSR). To _______ a business to achieve its ________ _____ in the context of the _______ ______ in which it operates, thus giving ___ _____________ to the community & environment of a range of ____________.

support, business goals, broader system, due consideration, stakeholders

Three benefits of Corporate Social Responsibility (CSR). 1. Improves _________ performance - CSR programs improve _________ ___________, ______ ____________ & _____ ______ - CSR programs improve ________ ____________ & boosts ____________ while helping companies _____ to customers that are __________ to sustainable practices 2. Better staff _________ - being an ________ typically translates into the company's ability to _______ & retain ____ caliber staff - by offering ____-____ balance, ________ working conditions & workplace ___________ 3. Develop ________ business image - _ out of __ consumers _______ from doing business with a corporation without a ___ ____

financial, operating performance, labour productivity, sales growth, employee satisfaction, productivity, cater, responsive, retention, employer, attract, high, work-life, positive, flexibility, positive, 9, 10, refrain, CSR plan

Two benefits of Corporate Social Responsibility (CSR). 1. Increase _____ & customer _______ - essential to ________ & ___________ trust between the company & the clients - can __________ ____, build _________ & foster ______ working relationships with both ________ & ___ clients, which will subsequently ________ sales 2. Reduce _____ through waste _________ & process __________ - use CSR as a way to ___ _____ through using less _________ or less ______

sales, loyalty, building, maintaining, strengthen ties, alliances, strong, existing, new, increase, costs, reduction, efficiency, cut costs, packaging, energy

Definition of environmental sustainability. Make _________ & take _______ to protect the _______ _____ & preserve the __________ of the environment by adopting environmentally responsible operations such as investing in __________ packaging.

decisions, actions, natural world, capability, recyclable

Benefits of environmental sustainability.

Engender staff loyalty due to the respect demonstrated to the local community & environment

Levels of Education: _______ availability of _______ labour for higher senior positions _______ availability of ___-_______ labour for lower positions

limited, skilled, greater, non-skilled

Religious Beliefs: common _______, ______ or _________ concerning a being or a system of _______ religious people consider religion to be ______, ______ & the _______ _____

beliefs, values, attitudes, thought, sacred, divine, highest truth

Communication Protocols: types of ___________ to be communicated shows _______________ stand out from ___________

information, professionalism, competitors

Economic Activity: involves the __________, ____________, ______ & _______ of ________ & ________ can be measured by a country's _____ ________ _______ (GDP) strength of economic activity & estimated future levels affects business ______ _ _______ , _________ & ________ _____ if the overseas country is experiencing an economic _________, the business would experience stronger sales as consumers are ____ confident to spend on the products if the overseas country is experiencing economic ___________, the business would experience lower sales as consumers are ___ confident to spend on the products

production, distribution, buying, selling, products, services, gross domestic product, growth & profits, inflation, interest rates, expansion, more, contraction, not

Interest Rates: _________ of the strength of an economy that is determined by _______ ____ __ _________ (RBA) in _________ uncertainty in economy may lead to government ________ interest rates to spur borrowing & expenditure may impact ________ ________ in global markets & global expansion such as the ______________ ___________ _____

indicator, Reserve Bank of Australia, Australia, lowering, spending patterns, infrastructure development costs

Discretionary Spending: the amount _________ after paying ____'_ __________, aka non-discretionary spending, such as on ____, ____, _________, ________ & _____ there is a need for ______ & ________ market research to determine _____________ ________ ______, ________ __ _______ _ __________ ______ _______ & ________ __________ ______ to investigate ______ ______ when there is uncertainty in economy when global consumers do not have confidence in the economy, global consumers tend to spend ____ even if they have ____ discretionary income as they are concerned about ___ ________, ________ ________ & ______ __ _______

leftovers, life's essentials, food, rent, education, clothing, taxes, timely, accurate, discretionary spending habits, patterns of current & developing global markets, consumer confidence levels, future trends, less, high, job security, personal finances, health of economy

Currency Fluctuations: the change in ______ _____ of one country's currency relative to another country's currency affects businesses that engage in international business transactions such as _________, _________ & ______ _______ _________ can impact _______ & ____________ costs to consumers in the global market if the Australian dollar rises against a foreign currency, the business may find it ____ costly to operate in the country of that currency if the Australian dollar falls against a foreign currency, the business may find it ____ costly to operate in the country of that currency

dollar value, importing, exporting, paying foreign employees, product, distribution, less, more

Stability of Foreign Governments: Unstable countries may have _____, ________, _______ & _______ ________ that will disrupt business operations by _________ __________, ________ ______ __ _______ ______ & _______ ______ business would consider a country's __________ _________ when considering establishing business relationships

riots, protests, looting, general disorder, hindering production, reducing access to skilled labour, halting export, government stability

Relationships between Foreign Governments & Australian Government: 1. Diplomatic & Economic Relationships - if there is an issue or disagreement between governments, the governments may _________ or ______ the other with economic ____________ such as _______ - Australia & Indonesia suspended ____ ______ trade due to ______ _______, causing friction between the governments 2. Free Trade Agreements (FTA) & Regional Partnerships - make trades ______ between countries as they are both more likely to be developed & agreed to between countries with good relationships 3. Similar Cultures & Shared Histories - countries with _______ ________ & ______ _________ often develop into _______ partners which encourages _____-________ businesses - European countries & European Union (EU)

retaliate, punish, restrictions, tariffs, live animal, animal cruelty, easier, similar cultures, shared histories, trading, cross-national

Banks: offer a variety of ________, ___________ & ____ ________ to businesses the money collected from __________ & money earned from ___________ is used to fund _____ to customers

deposits, investments, loan accounts, depositors, investments, loans

Commercial Banks: a financial ____________ between customers with capital _________ who deposit their money with the bank & customers with capital ________ who need money Merchant Banks: a company that conducts ____ ________, ____________, _________ ________ & ___________ ________ for _____ ____________ & ____ ___ _____ ___________ do not provide services to the _______ ______ & regular banking services such as ________ ________ & ______ ________ are experts in _____________ _____ which makes them specialists in dealing with _____________ ____________ (MNC)

intermediary, surpluses, deficits, loan services, underwriting, financial advising, fundraising services, large corporations, high net worth individuals, general public, checking accounts, taking deposits, international trade, multinational corporations

Finance Companies: provide _____ for businesses gains its fundings from _____ & _____ _________ ____________ at a ___ interest rate & uses these funds to ______ ______ to customers earn profit by charging its customers a ______ interest rate then what they are paying & may charge ____ ____ & other administrative charges lend to those who __ ___ qualify for ____ loans

loans, banks, other financial institutions, set, extend credit, higher, loan fees, do not, bank

Insurance Companies: ____ insurance & _______ insurance ______ & ______ the regular insurance ________ paid by customers __ ___ create money in the financial system

life, general, invest, manage, premiums, do not

Patent Registrations: the legal protection for ____________ __________ especially ___________ & __________ of all kinds globally length of protection of a maximum of __ years the business should consider applying for a patent in the country it intends to operate in under the ______ ______ or apply for a patent in multiple countries under the ______ ___________ ______ (PCT) helps a business to maintain its ___________ _________ if intellectual property is protected, competitors are unable to take away the _____ & ______ ______ of the business & compete directly with the business's ________ or ________

intellectual properties, innovations, inventions, 20, Patent Office, Patent Cooperation Treaty, competitive advantage, sales, market shares, products, services

AUSMAT BME CHP 6-7 2023

Authored by ANGEL OxO

Business

12th Grade

Used 7+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

62 questions

Show all answers

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Ethical Decisions

Environmental Responsibility

Outsourcing

Offshore Labour

Environmental Sustainability

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Ethical Practices

Environmental Sustainability

Corporate Social Responsibility (CSR)

International Labour Organisation (ILO)

Environmental Responsibility

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Cultural Considerations

Religious Beliefs

Organisational Culture

Holidays & Celebrations

Level of Education

Communication Protocols

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Cultural Considerations

Business Etiquette

Eating Habits

Working Hours

Customs

Form of Address

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Economic Factors

Discretionary Spending

Interest Rates

Economic Activity

Currency Fluctuations

Discretionary Income

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Political Factors

Stability of Foreign Governments

Relationships between Foreign Governments & Australian Government

Stability of Australian Government

Relationships between Foreign Governments

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Financial Institutions

Merchant Bank

Commercial Bank

Insurance Company

Finance Company

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft

or continue with

Facebook

Apple

Others

Already have an account?

Similar Resources on Wayground

65 questions

INTERNATIONAL TRADES FINAL

Quiz

•

12th Grade

62 questions

Statute of Limitations

Quiz

•

12th Grade

63 questions

Business Law Final Review

Quiz

•

10th Grade - University

60 questions

Principle of Business June 2023 Paper 1

Quiz

•

12th Grade

60 questions

Assessment - Personal, Borrowing Basics and Personal Taxes

Quiz

•

12th Grade

60 questions

Understanding Growth and Liquidity Concepts

Quiz

•

12th Grade

62 questions

Marketing Review

Quiz

•

12th Grade

65 questions

Principles of Management

Quiz

•

12th Grade

Popular Resources on Wayground

5 questions

A Home on the Shore

Quiz

•

3rd Grade

28 questions

US History Regents Review

Quiz

•

11th Grade

6 questions

A Horse Tale

Quiz

•

3rd Grade

20 questions

Math Review

Quiz

•

3rd Grade

10 questions

Juneteenth History and Significance

Interactive video

•

5th - 8th Grade

20 questions

Dividing Fractions

Quiz

•

5th Grade

55 questions

A Long Walk to Water Final Review

Quiz

•

6th - 8th Grade

10 questions

Equation Word Problems

Quiz

•

7th Grade

Discover more resources for Business

20 questions

Insurance

Quiz

•

9th - 12th Grade

10 questions

Juneteenth: History and Significance

Interactive video

•

7th - 12th Grade

6 questions

Mayan Mathematics part 1

Presentation

•

9th - 12th Grade

40 questions

Flags of the World

Quiz

•

KG - Professional Dev...

10 questions

Unit 9 Quiz

Quiz

•

9th - 12th Grade

AUSMAT BME CHP 6-7 2023

Ethical Decisions

Ethical Practices

Cultural Considerations

Cultural Considerations

Economic Factors

Political Factors

Financial Institutions

Source of Internal Funding

Source of External Fundings

Source of External Fundings

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business