Ethical Decision-Making
What is the term for choosing right over wrong in business decisions?
Ethical Decision-Making
What does CSR stand for?
Corporate Social Responsibility
What does sustainability mean in business?
Meeting present needs without harming future generations.
Who is directly affected by a business’s actions?
Stakeholders
What is the system for overseeing company direction and accountability?
Corporate governance
What document lists expected behavior for employees?
Code of Ethics
What is the main goal of CSR?
Balancing profit with positive impact on society and the environment
Which of the three sustainability areas involves profit?
Economic
What is the term for working with stakeholders to make decisions?
Stakeholder engagement
Who leads corporate governance in a company?
Board of Directors
What type of leadership models fairness and integrity?
Ethical Leadership
Name one key area of CSR.
Environmental sustainability, ethical labor, or community engagement
What is it called when companies falsely claim to be eco-friendly?
Greenwashing
What type of stakeholder is a customer?
External stakeholder
What does transparency mean in business?
Open and honest communication
What must be considered in an ethical dilemma?
Conflicting values and consequences
What is a common challenge of CSR?
Balancing social and financial goals
What is an example of environmental sustainability?
Using recyclable materials
What is the purpose of stakeholder feedback?
To improve business decisions and relationships
What is the term for following laws and regulations?
Compliance
What can dishonesty in business lead to?
Loss of trust, legal trouble, or reputation damage
What is one benefit of CSR?
Improved brand reputation
What are the three types of sustainability?
Environmental, social, and economic
What can ignoring stakeholders lead to?
Conflict or loss of trust
What makes global business ethics challenging?
Cultural and legal differences across countries