General
Business Ethics is...
Doing what is Morally Right and Beyond what is Legally Required.
What is One thing a Business should do to Treat their Employees Ethically?
Paying a fair wage, not minimum.
What are some ways Businesses can treat their Suppliers Ethically?
- Paying Fair Prices
- Making Payments on Time
What are two examples of Ethical Businesses?
Googles & Lush.
Who should an Ethical Business be fair to?
Employers, Suppliers, Customers, & the Environment
What is an Example of a Financial Incentives Businesses can Provide?
- Bonuses
- Share Schemes
What is something Suppliers should be guaranteed?
Good Workers Rights.
Why does Google choose to be Ethical?
Even though their actions are not required by law, they do it so their employees are happier & more productive.
How does being an Ethical Business improve its review?
Better Public Opinion, Better Brand Image, & Increased Customer Loyalty.
What is a Company that Treats its Employees Ethically?
What Types of Materials should Ethical Businesses use?
Ones that are Ethically Sourced.
Name 3 benefits Google provides.
- Free Food
- Free Dental & Medical care
- Gyms
- Money towards Student Loan Payments.
What should not be Avoided to be seen as an Ethical Business?
Paying taxes.
What is One reason it is Good to treat Employees Ethically?
- To Increase Productivity
- To Increase Job Satisfaction
- To Promote Trust
Where should Businesses not Source their Materials from?
From means that exploit their workers & environment.
What are two Ethical Acts Lush provides its Suppliers?
- Good Workers Rights
- Safe Working Conditions
- No Animal Testing
What are the Benefits of an Ethical Business in light of its Downsides?
They can charge premium prices compared to unethical competitors even if they lose profits.
How do Share Schemes benefit Employees?
They get shares from the company.
What is the Name of the Logo that Symbolizes that a Business treats its Suppliers Ethically?
The Fairtrade Logo.
What Unethical Act Did Starbucks Commit to Cause Boycotts?
Not paying Corporation Tax