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Duplicate of A2 Business Ethics Flashcards | StudBud
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Duplicate of A2 Business Ethics
Duplicate of A2 Business Ethics
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Key terms and key ethical ideas applied to Business Ethics for OCR A2 Religious Studies #year13
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1
'businesses behaving morally in order to impress consumers is not truly moral'
Natural Law
Kantian Ethics
Utilitarianism
Situation ethics
2
Economic development that is conducted without depletion of natural resources
Globalisation
Sustainable development
International development
Unsustainable development
3
'the best business transactions are the ones in which the best result is achieved'
Virtue Ethics
Kantian Ethics
Natural Law
Utilitarianism
4
'employees and consumers should not be treated as means to an end – even if that end is profit'
Utilitarianism
Virtue Ethics
Natural Law
Kantian Ethics
5
Which of the following are weaknesses of Globalisation?
Globalisation created new jobs for local people
Absence of international laws means poor working conditions
Globalisation brings wealth to LEDC's
Globalisation operated in the interest of rich countries
6
What is a 'Stakeholder'?
a person with an interest or concern in a business
Someone who takes a cut of a business' profits
Someone who invests in a company
an owner of shares in a company
7
What is a 'Shareholder'?
a person with an interest or concern in a business
Someone who shares the values of a business
an owner of shares in a company
Someone who works in a business
8
What is a TNC?
Transnational Corporation
Transportation Corporation
Transfer Corporation
Transformation Corporation
9
An economic system based on private ownership of how things are made and sold
Globalisation
Consumerism
Corporate Social Responsibility
Capitalism
10
The process of business developing international influence or operating internationally
Globalisation
Growth
Sustainability
Localisation
11
Which company has faced child labour allegations?
McDonalds
Starbucks
Nike
Addidas
12
Factors attracting TNC's include:
Cheap raw materials
Friendly government policies
Good transport
Cheap labour supply