2.2 Ethical and environmental considerations

• Fair treatment of employees is an example of an ethical consideration in business.

  True
• Deceptive marketing involves making misleading claims
• Order the steps for addressing ethical issues in business:

  1️⃣ Identify the ethical issue

  2️⃣ Assess the potential consequences

  3️⃣ Develop a strategy

  4️⃣ Implement the strategy

  5️⃣ Evaluate the results
• Providing poor working conditions, low wages, and limited opportunities for employees is an example of worker exploitation
• What does prioritizing profits over social responsibility mean?

  Ignoring community welfare
• Reducing carbon footprint and minimizing waste are examples of environmental stewardship
• Enhanced reputation and brand loyalty are benefits of CSR for business
• Utilizing resources responsibly to ensure future availability is called sustainable practices
• Which company is highlighted as an example of environmental considerations in business?

  Patagonia
• What does the ethical consideration of fair treatment of employees include?

  Good working conditions
• Environmental responsibility is a key ethical consideration for businesses.


  True
• What is one key ethical issue related to worker exploitation?

  Poor working conditions
• What are the key components of corporate social responsibility (CSR)?

  Environmental stewardship, ethical labor practices, community involvement
• What is the primary goal of environmental considerations in business?

  Minimize negative impacts
• What do environmental considerations in business aim to achieve?

  Minimize negative environmental impacts
• What does resource conservation in business focus on?

  Efficient use of energy and water
• Honesty in marketing involves avoiding misleading claims
• What is one benefit of upholding ethical principles in business?

  Builds trust
• Match the ethical practice with its unethical counterpart:

  Fair wages ↔️ Exploiting workers

  Sustainable operations ↔️ Polluting operations

  Honest marketing ↔️ Deceptive advertising
• Addressing ethical issues can help businesses build trust.


  True
• Making misleading claims or using false advertising is referred to as deceptive marketing
• What is the primary focus of corporate social responsibility (CSR)?

  Ethical commitment
• Which company is cited as an example of CSR with environmental conservation as a priority?

  Patagonia
• What are environmental considerations in business aimed at?

  Minimizing negative impacts
• Ethical considerations in business guide a company's actions and decisions.


  True
• Ethical issues in business can challenge a company's moral principles.

  True
• Prioritizing profits over social responsibility can harm community welfare.


  True
• Patagonia is an example of a company embracing CSR through environmental conservation.


  True
• Sustainable practices ensure resources are used responsibly for future availability.


  True
• Steps to minimize and manage waste in business

  1️⃣ Waste reduction

  2️⃣ Recycling

  3️⃣ Proper disposal
• Fossil fuel dependence is a sustainable business practice.

  False
• What is the primary goal of renewable energy use in sustainability?

  Transition from fossil fuels
• What is the key characteristic of unsustainable practices in business?

  Harm to the environment
• Ethical considerations in business guide a company's actions based on moral principles
• Enhanced reputation and brand loyalty are key benefits for businesses adopting ethical practices.
• Higher consumer prices may be a cost of ethical and environmental practices.


  True
• What are ethical considerations in business?

  Moral principles and values
• Why is environmental responsibility considered an ethical consideration in business?

  Minimizes waste and pollution
• Match the ethical practice with its unethical counterpart:

  Fair wages ↔️ Exploiting workers

  Sustainable operations ↔️ Polluting operations
• What does it mean to prioritize profits over social responsibility?

  Ignoring community welfare