4. ethics

• What does "morals" refer to?

  Personal beliefs influenced by society
• What are ethics guidelines established by communities?

  They outline acceptable and unacceptable actions
• What are absolute moral principles?

  Unchanging and universal morals
• What are relative moral principles?

  Based on opinions and circumstances
• What do ethical principles govern?

  A person's behavior or conducting of an activity
• What is the definition of ethical principles?

  A set of moral values used by individuals or groups
• What is the philosophical study of human action concerned with?

  Good and bad attitudes
• What is one ethical principle related to honesty?

  Being truthful
• What does transparency in ethics refer to?

  Openness, communication, accountability
• What does justice in ethical principles mean?

  Being treated fairly
• What is consent in ethical terms?

  Permission for something to happen
• What does privacy refer to in ethics?

  The right to keep personal matters private
• What is confidentiality in ethical terms?

  Protecting personal information
• What could happen if a company doesn't follow ethical principles?

  They could face fines, lawsuits, or shutdowns
• How do values influence behavior?

  They help make judgments about importance
• Why might values cause conflict?

  Different cultures have varying values
• What is democracy in ethical terms?

  A system of laws decided by citizens
• What does the rule of law imply?

  All citizens are accountable to the same laws
• What does individual liberty mean?

  Being free from oppression or excessive control
• What does respect mean in ethical terms?

  Showing regard for feelings and treating equally
• What does tolerance refer to?

  Accepting different ideas without prejudice
• What is whistleblowing?

  Informing about unlawful or immoral activity
• How does whistleblowing help businesses?

  It reduces unethical behavior in the workplace
• Who can wrongdoing be reported to?

  Employer, lawyer, professional body, regulator
• Can whistleblowers report anonymously?

  Yes, they can report anonymously
• What protections do whistleblowers have?

  They cannot be treated unfairly by employers
• What are some issues that whistleblowers can report?

  Criminal offense, health and safety, environmental damage
• What is a code of conduct?

  Document outlining acceptable employee behavior
• What do employment terms and conditions include?

  Rights, responsibilities, and duties of employees
• What are some components of a contract?

  Salary, holidays, rest breaks, sick pay
• What do workplace policies ensure?

  Transparency, accountability, uniformity, stability
• What do workplace policies detail?

  Course of action for given scenarios
• Who are stakeholders in a business?

  Employees, customers, suppliers, communities
• When might ethics need to be prioritized?

  Above the needs of some stakeholders
• What is a supply chain?

  Sequence of businesses in production and distribution
• What ethical principles should supply chains meet?

  Safe working conditions, environmental awareness, fair pay
• What are some questions for ethical business practices?

  Are toys non-toxic? Are employees paid fairly?
• What are the benefits of business ethics?

  Higher quality, unique selling point, competitive advantage
• What challenges do business ethics face?

  Morals can change, raises costs, larger businesses struggle
• What are the ethical principles mentioned in the study material?

  Honesty, transparency, justice, consent, privacy