Business Ethics and Social Responsibility
Flashcard
•
Other
•
11th Grade
•
Hard
Wayground Content
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18 questions
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1.
FLASHCARD QUESTION
Front
What is the purpose of Corporate Governance in a business?
Back
To ensure responsible and ethical management while protecting stakeholders' interests.
2.
FLASHCARD QUESTION
Front
How can companies promote Environmental Sustainability in their operations?
Back
Implement energy-efficient practices, reduce waste, use eco-friendly materials, invest in renewable energy sources, and educate employees and customers about sustainability.
3.
FLASHCARD QUESTION
Front
Why is Workplace Diversity important for a business?
Back
Workplace diversity is important for a business because it leads to increased innovation, creativity, problem-solving, talent attraction and retention, employee morale and productivity, and better customer service.
4.
FLASHCARD QUESTION
Front
What are some ways to ensure Consumer Protection in the marketplace?
Back
Implementing consumer protection laws, establishing regulatory bodies, promoting transparency, providing avenues for complaints and redressal, educating consumers
5.
FLASHCARD QUESTION
Front
What factors should be considered in Ethical Decision Making?
Back
Identifying the problem, considering all possible options, evaluating the consequences, consulting with others, making a decision, reflecting on the outcome
6.
FLASHCARD QUESTION
Front
Why is Community Engagement crucial for businesses?
Back
Community engagement is crucial for businesses to build trust, loyalty, brand awareness, receive feedback, foster innovation, and create a positive reputation.
7.
FLASHCARD QUESTION
Front
What are the key components of Corporate Governance?
Back
Transparency, Accountability, Fairness, Responsibility
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