Environmental cost of Corporate Greed.
List one environmental cost of corporate greed.
Excessive waste or increased carbon emissions.
Who earns most of the money due to corporate greed?
Higher-ups such as the CEO's COO's etc.
Corporate greed is beneficial to society.
False.
What is corporate greed?
Corporate greed is when a business/company chooses profit over consumers, workers/employees, and patients; rather, so known as greed.
Is social achievement an example of the cause of corporate greed?
Yes.
What is an example of an oil-based textile?
Polyester.
Why do some companies' products have serious health concerns?
Some choose to cut safety measures to save money.
Earning money from work, like businesses/jobs, is called profit.
True.
What is the difference between ethical business making and greed?
Ethical business making comes from honest profit without exploiting or manipulating anyone. On the other hand, greed is when an individual wants something that benefits their selfish desires.
This type of greed occurs when businesses overlook ethical standards, such as product safety or fair labour practices, to keep more money for themselves.
Financial Greed.
How much money did fossil fuel companies spend on funding against renewable energy and denying climate change?
Over/close a billion.
Who are the main targets of human costs in corporate greed? (Two)
Consumers, workers/employees.
Profit pressure is a factor that contributes to corporate greed by prioritizing human rights over financial goals.
False, profit pressure contributes to corporate greed by prioritizing profits over human rights.
List two problems that have occurred in the environment due to corporate greed.
Excessive waste and increased carbon emissions.
The desire for this can push businesses to focus on image and status instead of ethical responsibility.
Reputation/Social Achievement.
What is fast fashion?
Cheap, trendy, and low-quality clothes that are usually thrown out after a few uses.
Name two basic benefits that companies deny workers because of greed
Healthcare, paid leave, unemployment insurance, and workplace protection.
A worker from Shein stated that they work 50 hours a week with only one break a month
False, they stated they worked about 75 hours a week with one break a month.
What is corporate greed? (Detailed)
When a business chooses profit over customers, employees, and consumers, this applies to businesses that manipulate and/or exploit consumers or employees for profit-making. This often leads to companies neglecting social and environmental responsibilities.
This happens when product demand rises quickly and companies overwork staff instead of hiring more people.
Stock depletion.
How much percentage does the fossil fuel industry contribute to world emissions?
80%
List 3 of the problems workers/employees are facing because of corporate greed.
Economic inequality, poor/bad working environments, and forced labor.
UnitedHealthcare specializes only in insurance.
False, it also specializes in healthcare services.
Name two of the mentioned big fossil fuel companies.
Chevron, Shell, Exxon Mobil.
This term describes when a company feels wants to make more money, even at the cost of ignoring ethical practices.
Profit pressure.