2.1.4 Ethics, the environment, and business

• What are business ethics based on?

  Moral principles and standards
• What is an ethical alternative to exploiting workers?

  Providing fair wages and benefits
• What is the ethical practice to address worker exploitation?

  Providing fair wages and benefits
• Match the ethical practice with its unethical counterpart:

  Fair wages and benefits ↔️ Exploiting workers

  Eco-friendly operations ↔️ Polluting the environment

  Transparent advertising ↔️ Misleading marketing

  Integrity and compliance ↔️ Bribery and corruption
• What is one of the three primary reasons for businesses to act ethically?

  Ensuring compliance with laws
• What is the ethical alternative to polluting the environment?

  Minimizing environmental impact
• Prioritizing ethical practices reduces risks and contributes positively to society.

  True
• Ethical business practices promote sustainability and long-term success.


  True
• Maintaining integrity and compliance is an ethical response to bribery and corruption.


  True
• Truthful and transparent marketing is an ethical alternative to misleading advertising.


  True
• Building trust and reputation is a key benefit of ethical business practices.


  True
• Exploiting workers is an unethical business practice that should be avoided.

  True
• What is one ethical business practice related to employees?

  Treating employees fairly
• Match the environmental issue with its potential business impact:

  Climate change ↔️ Increased costs from extreme weather

  Pollution ↔️ Fines and legal penalties

  Resource scarcity ↔️ Higher input costs for raw materials
• What is one potential business impact of climate change according to the study material?

  Increased costs from weather
• Energy efficiency involves reducing energy consumption through efficient equipment and renewable energy sources
• Increased efficiency and cost savings are benefits of sustainable business practices


  True
• What are business ethics based on?

  Moral principles and standards
• Unethical practices include bribery and corruption, while ethical practices involve maintaining integrity
• Transparent advertising is an ethical practice, while misleading marketing is unethical
• Climate change can increase costs from extreme weather events
• What is the primary goal of sustainable business practices?

  Minimize negative environmental and social impact
• Arrange the benefits of sustainable practices in order of importance:

  1️⃣ Enhanced brand reputation and customer loyalty

  2️⃣ Increased efficiency and cost savings

  3️⃣ Improved employee motivation and retention

  4️⃣ Compliance with regulations and reduced legal risks
• Environmental responsibility includes minimizing environmental impact through practices like reducing waste
• Match the CSR element with its description:

  Environmental Responsibility ↔️ Minimizing environmental impact

  Social Responsibility ↔️ Promoting employee wellbeing

  Ethical Governance ↔️ Maintaining integrity
• What comprehensive approach aligns economic, environmental, and social goals?

  Triple bottom line
• Business ethics builds trust and reputation with customers, suppliers, and the community
• Polluting the environment is an example of an unethical business practice
• Minimizing environmental impact is an ethical response to pollution
• Why is prioritizing ethical practices important for businesses?

  Enhances reputation, reduces risks
• Ensuring compliance with laws and regulations is a key benefit of acting ethically
• Truthful and transparent marketing replaces misleading advertising.
• Ethical practices ensure legal compliance and promote sustainability.
• What are sustainable business practices aimed at minimizing?

  Negative environmental impact
• What are sustainable business practices designed to minimize?

  Negative environmental impact
• Order the following examples of sustainable business practices:

  1️⃣ Energy Efficiency

  2️⃣ Waste Reduction

  3️⃣ Responsible Sourcing

  4️⃣ Community Engagement
• Difficulty in measuring impact and ROI is a challenge of sustainable practices
• What is one ethical practice that contrasts with exploiting workers?

  Providing fair wages
• What is one ethical practice that contrasts with polluting the environment?

  Eco-friendly operations
• Addressing environmental challenges can lead to improved efficiency and reduced costs

  True