The impact of ethical and environmental considerations on businesses:

• What are business ethics defined as?

  Moral principles guiding practices
• What is accurate financial reporting an ethical consideration for shareholders?

  Corporate governance
• What do environmental considerations aim to promote for businesses?

  Sustainability
• Match the type of consideration with its focus:

  Ethical ↔️ Moral principles

  Environmental ↔️ Natural environment
• Safe working conditions are ethical considerations for employees
• Match the stakeholder with their ethical consideration:

  Customers ↔️ Fair pricing

  Employees ↔️ Safe working conditions

  Shareholders ↔️ Accurate financial reporting

  Community ↔️ Environmental protection
• Reducing waste is a key goal of waste management.
• Order the steps businesses should take to address ethical considerations:

  1️⃣ Identify stakeholder groups

  2️⃣ Determine ethical responsibilities

  3️⃣ Implement ethical policies

  4️⃣ Monitor compliance with policies
• Environmental considerations refer to the impact a business has on the environment
• Whereas ethical considerations focus on moral principles, environmental considerations are concerned with the business's impact on the natural environment
• Pollution is the contamination of air, water, and land
• What are three factors included in environmental considerations?

  Resource usage, waste management, emissions
• What are examples of ethical initiatives in businesses?

  Fair labor practices, ethical sourcing
• What is the primary focus of business ethics?

  Moral principles
• Business ethics focuses solely on financial profits.

  False
• What are the key ethical considerations for businesses to address?

  Stakeholder-specific moral principles
• Environmental considerations are the same as ethical considerations.

  False
• Match the environmental issue with its impact:

  Climate Change ↔️ Extreme weather events, sea-level rise

  Resource Depletion ↔️ Ecosystem damage, biodiversity loss

  Pollution ↔️ Contamination of air, water, land
• What are the three main factors included in environmental considerations?

  Resource usage, waste management, emissions
• Match the consideration with its focus:

  Ethical ↔️ Moral principles guiding business practices

  Environmental ↔️ Impact on the natural environment
• What must businesses balance to operate responsibly and sustainably?

  Ethical and environmental factors
• Environmental considerations include the efficient use of energy, water, and raw materials.


  True
• Achieving cost savings is a benefit of efficient resource use
• What principle does ethical sourcing adhere to?

  Fair trade
• What is one benefit of environmental initiatives for stakeholders?

  Environmental protection
• What is one cost-saving benefit of environmental considerations?

  Waste reduction
• Financial constraints can strain budgets, especially for smaller businesses
• Steps to overcome challenges in implementing ethical and environmental practices

  1️⃣ Develop a strategic plan

  2️⃣ Engage with stakeholders

  3️⃣ Leverage cost-saving opportunities

  4️⃣ Adopt a phased approach
• Businesses must balance ethical considerations to treat all stakeholders fairly.


  True
• What is the focus of environmental considerations for businesses?

  Sustainability
• What does resource usage in environmental considerations refer to?

  Efficient use of resources
• Match the consideration with its focus:

  Ethical ↔️ Moral principles of business practices

  Environmental ↔️ Impact on the natural environment
• What are moral principles in business ethics called?

  Moral principles
• Climate change, resource depletion, and pollution are key environmental issues businesses must address.


  True
• Match the initiative type with its key practice:

  Ethical ↔️ Transparent reporting

  Environmental ↔️ Sustainable resource management
• Stakeholders impacted by business ethics include customers, employees, shareholders, and the community
• Match the stakeholder with their ethical considerations:

  Customers ↔️ Fair pricing, honest advertising

  Employees ↔️ Safe working conditions, fair wages

  Shareholders ↔️ Accurate financial reporting

  Community ↔️ Environmental protection
• Upholding strong business ethics is crucial for maintaining a positive reputation.


  True
• What are the key environmental issues that businesses should address?

  Climate change, resource depletion, pollution
• Steps businesses can take to address environmental issues:

  1️⃣ Minimize greenhouse gas emissions

  2️⃣ Reduce waste through reuse and recycling

  3️⃣ Use natural resources efficiently