Ethics and Sustainability in Business

How can ethical considerations influence business activity?

• By increasing the cost of production

• By improving the company's reputation

• By reducing the quality of products

• By limiting the market reach

What is a possible trade-off between ethics and profit for a business?

• Higher profits with lower ethical standards

• Lower profits with higher ethical standards

• No impact on profits regardless of ethical standards

• Higher profits with higher ethical standards

Which of the following is a way a business can be more ethical?

• Reducing employee wages

• Implementing fair trade practices

• Increasing working hours without compensation

• Ignoring environmental regulations

What is an ethical issue related to child labour?

• It provides children with work experience

• It violates children's rights to education and development

• It reduces production costs

• It increases the workforce

Which of the following is a disadvantage of zero-hour contracts?

• Flexibility for employees

• Uncertainty of income for workers

• Reduced operational costs for businesses

• Increased job opportunities

What does the term "sustainability" mean in a business context?

• Maximising short-term profits

• Meeting present needs without compromising future generations

• Reducing employee benefits

• Expanding market share rapidly

Which company is known for its ethical treatment of workers?

• Company X, known for low wages

• Company Y, known for fair wages and good working conditions

• Company Z, known for long working hours

• Company A, known for high employee turnover

What is an advantage of ethical business practices?

• Increased employee turnover

• Enhanced brand loyalty

• Higher operational costs

• Reduced customer satisfaction

How can a business reduce its environmental impact?

• By increasing waste production

• By using renewable energy sources

• By ignoring environmental laws

• By expanding its carbon footprint

What is the definition of "environmental considerations" in business?

• Ignoring the impact of business activities on nature

• Assessing and reducing the negative impact of business activities on the environment

• Focusing solely on profit maximisation

• Increasing the use of non-renewable resources