The Impact of Ethics on Business

1. 1.What is the first step a business can take to be more ethical?

• Increase shareholder dividends

• Improve product quality

• Treat employees well

• Expand to international markets

2. How can a business treat employees well?

• Offer discounted gym memberships

• Provide free medical care

• Increase working hours

• Reduce wages

3. Why does the video mention Google as an example?

• To criticize its treatment of employees

• To illustrate a company with high employee satisfaction

• To highlight its low wages

• To discuss its unethical practices

4. What is one way businesses can act ethically toward their suppliers?

• Delaying payments to suppliers

• Ignoring fair trade practices

• Reducing orders from suppliers

• Paying fair prices and making payments on time

5. What does the fair-trade logo on a product packaging indicate?

• Ethical sourcing of materials

• Lower product quality

• High prices for consumers

• Child labor involvement

6. How does Lush ensure ethical sourcing of materials?

• By paying extremely low prices to suppliers

• By using materials produced by child labor

• By having an ethical buying policy

• By outsourcing production to other countries

7. Why is paying a fair share of taxes considered an ethical approach to business?

• It reduces a company's profits

• It aligns with legal loopholes

• It prevents negative press coverage

• It benefits major corporations

8. What happened to Starbucks in the UK in 2011 regarding taxes?

• They paid 0% in taxes and faced a boycott.

• They were praised for their tax payments.

• They were fined for tax evasion.

• They increased their profits substantially.

9. Why might some argue that being ethical can impact a business's profit margins?

• Ethical businesses charge lower prices for their products.

• Ethical businesses have lower production costs.

• Ethical practices increase costs for a business.

• Ethical businesses pay lower wages to employees.

10. How does the passage suggest ethical businesses can offset increased costs?

• By reducing employee benefits

• By charging premium prices for their products

• By avoiding taxes altogether

• By outsourcing all production processes