Ethics in Business and Society

What is the primary goal of fair trade?

• To maximise profits for large corporations

• To ensure fair prices and conditions for producers in developing countries

• To reduce taxes for businesses

• To increase the speed of production

Which of the following is an example of a company's environmental impact?

• The number of employees it hires

• The amount of waste it produces

• The price of its products

• The design of its logo

What does CSR stand for in a business context?

• Corporate Sales Revenue

• Corporate Social Responsibility

• Customer Service Relations

• Company Safety Regulations

Which of the following is a benefit of Corporate Social Responsibility (CSR)?

• Increased employee turnover

• Improved company reputation

• Higher production costs

• Reduced customer satisfaction

What is one ethical issue related to worker rights?

• Ensuring workers have access to luxury goods

• Providing fair wages and safe working conditions

• Offering unlimited vacation days

• Allowing workers to set their own hours

How can a company demonstrate its commitment to environmental responsibility?

• By increasing its advertising budget

• By reducing its carbon footprint

• By hiring more employees

• By raising product prices

Which of the following is NOT typically considered a part of Corporate Social Responsibility?

• Philanthropy

• Employee volunteerism

• Product pricing strategies

• Environmental sustainability

What is the main purpose of fair trade certification?

• To ensure products are sold at the lowest possible price

• To guarantee that products meet certain ethical standards

• To increase the speed of production

• To reduce the number of products available

Which of the following is a potential consequence of ignoring worker rights?

• Increased employee satisfaction

• Legal action against the company

• Higher profits

• Improved public image

What is one way a company can reduce its environmental impact?

• By using more packaging materials

• By increasing energy efficiency

• By expanding its product line

• By hiring more staff