BUS2003 Week 1 review

A dilemma is when you have:

• Only one choice possible

• Several choices and each is a good solution

•  Two or more choices, but no ideal solution

• Two or more choices with one clear ideal solution

An example of an ethical dilemma is:

• Choosing whether to have a salad or a burger for lunch

• Choosing new furniture for the office

• Choosing whether to tell your customers the truth about problem with your product

• Choosing the best candidate for a job

All of these are reasons that ethics is important for business except one. Which one is NOT an important reason:

• Contribution to society

• Survival of the company

• Impact on stakeholders

• Innovation

Being ethical provides benefits to which of the following groups:

• Employees, investors, customers

• Employees, competitors, customers

• Competitors, investors, customers

• Employees, investors, competitors

What is social responsibility?

• Maximising profits and minimising work

• Maximising positive and minimising negative impacts on stakeholders

• Maximising profits and minimising paperwork

• Maximising the number of customers and minimising the complaints

What is sustainability?

• Improving business practices to minimise negative effects on the environment

• Improving business practices to increase profits

• Improving business practices to sell more products

• Improving business practices to retain more customers

Which of the following is an alternative energy source?

• Coal power

• Natural gas

• Geothermal power

• Fossil fuels

What is "green washing"?

• Implying that your product is good for the environment without any evidence just to increase sales

• Showing the ways your company is improving its impact on the environment

• Using biodegradable ingredients in your washing detergent

• Making changes to the business processes in your company to make more sustainable products

Which activity shows HIGH commitment to environmental issues?

• Attempts to only comply with environmental laws

• Makes only limited plans for anticipated problems

• Operates without concern for long term environmental impact

• Consults with stakeholders about environmental concerns

Which of the following is NOT an example of a global environmental issue?

• Deforestation

• Biodiversity

• Global warming

• Social media