Haitian Revolution
Who was the main leader of the Haitian Revolution?
Who is Toussaint Louverture?
What is business ethics?
What are moral principles that guide business behavior?
What is the difference between debt and equity?
Debt is borrowed money to be repaid; equity is selling part of the business for fund
What is a business objective?
What is a specific goal a business aims to achieve?
What does GDP stand for?
What is Gross Domestic Product?
What European country controlled Haiti before the revolution?
What is France
True or False: A company acting ethically will always make more profit.
False
What is a shareholder?
What is someone who owns a part of the company?
Name one internal stakeholder.
What is employee / manager / owner?
What is an economic indicator?
A statistic used to measure economic performance.
What year did Haiti declare independence?
1804
Give one example of an unethical business practice.
What is child labor / false advertising / dumping waste
What’s one advantage of equity funding?
No repayment required / shared risk.
What happens when stakeholder objectives conflict?
There may be disagreement, tension, or trade-offs.
Name one challenge to economic development in Papua New Guinea.
Poor infrastructure / political instability / dependence on exports
Why was the Haitian Revolution considered so threatening by other countries at the time, especially slave-owning nations?
Because it was the first successful slave-led revolution, it inspired enslaved people elsewhere and threatened the existing slave-based economies. Many countries feared similar uprisings and refused to trade with or recognize Haiti, leading to its economic isolation.
What does the term “greenwashing” mean?
What is pretending to be environmentally friendly without real action
What is a common source of internal finance?
What are retained profits?
Give an example of a conflict between two stakeholder groups
Shareholders want more profit; employees want higher wages.
What does a high infant mortality rate suggest about a country’s development?
It has poor healthcare and lower development.
Name one major challenge Haiti faced immediately after gaining independence.
What is economic isolation / a debt imposed by France / loss of trade partners
Why might a business choose ethics over profit in the short term?
What is to build customer trust / long-term brand reputation
Why might a new business avoid taking out large loans?
High risk of debt / pressure from repayment / cash flow issues
How can a business balance the interests of different stakeholders?
Compromise, ethical leadership, stakeholder meetings, etc
Why might PNG’s reliance on mining be risky for long-term development?
Market fluctuations / environmental damage / limited diversification.