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Flashcards

2.2 Ethical & Environmental

Henry Benson Business Studies Year 10 English 14 cards

Cards in this deck (14)

  1. 1EthicalDoing actions for the right of other people neglectful of yourself-
    opening a door for someone.
  2. 2MoralExpectations of society concerning right and wrong behaviour-
    manners.
  3. 3SustainabilityEnsure stocks are available and don't deplete-
    Over-fishing in area of ocean and fish run out.
  4. 4Going GreenBecoming more environmentally friendly-
    reduce, reuse, recycle.
  5. 5FairtradeTrade between companies where everyone is paid for their rightful amount of work-
    Cocoa and banana trade.
  6. 6Animal friendlyNo testing on animals for medical, cosmetic and fashion reasons-
    Makeup companies.
  7. 7Environmentally friendlyNot harmful to the environment-
    Planting 4 trees for every one felled.
  8. 8Carbon footprintAmount of CO2 released into atmosphere as result of activities by a person or company-
    car usage.
  9. 9Renewable energyEnergy from a source that doesn't deplete and also can be replenished-
    Solar or Geothermal energy.
  10. 10Labour exploitation in third world.Developing countries with low economic stability have workers begging for jobs, companies exploit this with employing people with cheap wages and bad working conditions-
    Primark sweatshop in Bangladesh.
  11. 11Stakeholders such as consumers, employees, shareholders and people who live close to business may ask questions such as:-Are suppliers paid on time, or is payment delayed?
    -Are employees treated fairly? Are they paid well? Is child labour used in overseas factories?
    -Are consumers aware of the materials used to make the product?
    -Is the business advertising truthful and fair? Are it's products harmful?
  12. 12Legal activities- Ethical business activities-Donating specific amounts of profit to charities.
    -Setting up businesses in areas of high unemployment to create jobs.
  13. 13Legal activities- legal business activities but judged unethical by some stakeholders-Selling foods high in fat or sugar.
    -Paying managers way very high salaries while many employees only receive the living wage.
  14. 14Illegal activitiesIllegal activities such as child labour or paying below the minimum living wage.

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Year 10 Business Studies Flashcards on 2.2 Ethical & Environmental, created by Henry Benson on 26/02/2018.
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Henry Benson
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