Cards (82)

  • What does ethics refer to in the context of global business?
    Moral principles
  • Fair trade in global business ensures fair pricing and equitable treatment for suppliers in developing countries
  • Environmental impact includes minimizing pollution and waste through sustainable practices.
  • Which company is committed to fair trade coffee to ensure better compensation for farmers?
    Starbucks
  • Nike faced criticism for sweatshop labor practices in its supply chain
  • Coca-Cola has reduced water usage and recycles bottles to address environmental sustainability.
  • What cultural adjustment did McDonald's make in India to cater to local preferences?
    Vegetarian menu
  • Siemens was fined for paying bribes to secure contracts
  • Match the ethical area with its description:
    Fair Trade ↔️ Equitable pricing for suppliers
    Environmental Impact ↔️ Minimizing pollution and waste
    Human Rights ↔️ Respecting labor standards
  • Companies benefit from adhering to ethical standards by improving brand image and social responsibility.
  • Which company's fair trade practices ensure equitable pricing for coffee suppliers?
    Starbucks
  • Unilever's sustainable sourcing reduces its environmental footprint
  • Patanjali's labor policies in India reflect ethical standards and local laws.
  • Match the ethical dilemma with its example:
    Fair Wages and Working Conditions ↔️ Nike's sweatshop criticism
    Environmental Sustainability ↔️ Coca-Cola's water reduction
    Cultural Sensitivity ↔️ McDonald's vegetarian menu
    Bribery and Corruption ↔️ Siemens' bribery fine
  • Ethical frameworks guide multinational corporations in making ethical decisions.
  • What ethical framework focuses on maximizing overall happiness and minimizing harm for all stakeholders?
    Utilitarianism
  • Unilever's sustainable practices reflect the principles of utilitarianism
  • Toyota prioritizes product safety regardless of cost, reflecting deontological principles.
  • Which company integrates virtue ethics into its corporate culture to promote ethical behavior among employees?
    Patagonia
  • Cultural differences significantly influence ethical practices
  • Collectivism in Japanese companies prioritizes group interests over individual rights.
  • What may be considered bribery in one culture but acceptable as a gift in another?
    Gifts
  • Match the cultural norm with its example:
    Collectivism ↔️ Group decision-making in Japan
    Individualism ↔️ Whistleblowing in US corporations
  • Key ethical areas in global business include fair trade, environmental impact, and human rights
  • Respecting human rights includes ensuring fair labor conditions for workers.
  • Which company uses sustainable sourcing policies to minimize its environmental footprint?
    Unilever
  • Multinational corporations often face ethical dilemmas related to fair wages, environmental sustainability, and cultural sensitivity
  • Nike faced criticism for sweatshop labor practices in its supply chain.
  • What cultural adjustment did McDonald's make in India to cater to vegetarian preferences?
    Vegetarian menu
  • Coca-Cola's efforts to reduce water usage and recycle bottles address environmental sustainability
  • Siemens was fined for bribery, highlighting the ethical dilemma of corruption.
  • What is the guiding principle of utilitarianism in ethical decision-making?
    Maximize overall happiness
  • Unilever's sustainable practices reflect the principles of utilitarianism
  • Deontology emphasizes adherence to universal moral duties regardless of consequences.
  • Which company fosters an ethical corporate culture through leadership and employee training as an example of virtue ethics?
    Patagonia
  • The principle of utilitarianism is to maximize overall happiness and minimize harm
  • Deontology focuses on universal moral duties and principles regardless of consequences.
  • What are the three key character traits promoted by virtue ethics?
    Integrity, fairness, respect
  • Match the ethical framework with its key principle and example:
    Utilitarianism ↔️ Maximize happiness and minimize harm; Unilever's sustainable practices
    Deontology ↔️ Adhere to universal moral duties; Toyota's product safety focus
    Virtue Ethics ↔️ Promote virtuous traits; Patagonia's ethical corporate culture
  • Implementing ethical frameworks helps corporations build stakeholder trust