6.1 Ethical and Environmental Considerations

• Ethical considerations refer to the moral principles and values
• Key ethical and environmental business practices include corporate social responsibility and sustainable resource use
• Ethical considerations are important for businesses to maintain a positive reputation
• Match the environmental consideration with its key aspect:

  Waste management ↔️ Minimizing waste and recycling

  Energy efficiency ↔️ Reducing energy consumption

  Sustainable resource use ↔️ Utilizing resources responsibly
• Prioritizing ethical considerations builds trust with stakeholders
• Waste management, energy efficiency, and sustainable resource use are all environmental considerations.


  True
• What is one consequence of not prioritizing environmental considerations?

  Potential legal penalties
• Order the factors included in environmental considerations:

  1️⃣ Waste management

  2️⃣ Energy efficiency

  3️⃣ Sustainable resource use
• What is one factor included in ethical considerations?

  Corporate social responsibility
• Match the environmental consideration with its key aspect:

  Waste Management ↔️ Minimizing waste and recycling

  Energy Efficiency ↔️ Reducing energy consumption

  Sustainable Resource Use ↔️ Utilizing resources responsibly
• Ethical considerations include minimizing harm to the environment
• Environmental considerations involve taking into account the impact of business operations on the environment
• Match the consideration with its key factors:

  Ethical ↔️ Corporate social responsibility, fair treatment of employees

  Environmental ↔️ Waste management, energy efficiency, sustainable resource use
• Prioritizing ethical considerations reduces legal risks and potential penalties
• Ethical considerations primarily enhance reputation, compliance, and talent
• Environmental considerations improve customer loyalty through honest practices.

  False
• What do ethical considerations refer to in business?

  Moral principles and values
• Fair treatment of employees is a key ethical consideration that attracts and retains talent.


  True
• Why is prioritizing environmental considerations important for businesses?

  Reduces ecological footprint
• What is the impact of prioritizing ethical considerations on stakeholder trust?

  Maintains positive reputation
• What are three key aspects of environmental considerations in business operations?

  Waste management, energy efficiency, sustainable resource use
• What is a positive outcome of enhancing brand reputation through environmental responsibility?

  Attracting environmentally conscious customers
• What is a negative consequence of not prioritizing ethical considerations?

  Legal problems and fines
• Why do businesses that prioritize environmental considerations enhance their brand reputation?

  They are seen as responsible
• What does corporate social responsibility involve in ethical considerations?

  Addressing societal needs and impacts
• Prioritizing environmental considerations helps businesses comply with regulations and improve their brand reputation.


  True
• Maintaining a positive reputation is an impact of prioritizing ethical considerations
• What is a consequence of neglecting environmental considerations?

  Larger ecological footprint
• What are ethical considerations in business defined as?

  Moral principles and values
• What are the key factors in environmental considerations?

  Waste management, energy efficiency, sustainable resource use
• What are the main factors included in ethical considerations for businesses?

  Corporate social responsibility, fair treatment of employees, honesty, minimizing harm
• Why are both ethical and environmental strategies crucial for businesses?

  To maintain a good reputation and build long-term success
• Failing to prioritize environmental strategies can lead to legal problems and fines.


  True
• Prioritizing environmental considerations ensures compliance with regulations and avoids fines.

  True
• Steps of prioritizing environmental considerations in a business

  1️⃣ Ensures compliance with environmental regulations

  2️⃣ Reduces the business's ecological footprint

  3️⃣ Enhances brand reputation
• Ethical and environmental strategies can lead to increased customer loyalty and long-term sustainability.


  True
• How do ethical considerations affect a business?

  Maintain positive reputation
• What is the role of legislation in influencing ethical and environmental behavior?

  Compliance and regulation
• Environmental considerations include waste management and energy efficiency.

  True
• Ethical practices in business often lead to reduced legal risks