Ethics and Sustainability Flashcards

1️⃣ Familiarise yourself with the flashcards:

  • Look through all the flashcards to see what's on both sides.
  • Make sure you understand the information on each card. If something's unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

  • Look at the question or prompt on each card and try to remember the answer before flipping it over.
  • Check the answer and make a note of any cards you find challenging and need to go over more.

3️⃣ Consistently Review and Practice:

  • Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
  • Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It's useful to remember specific examples to understand these concepts better.

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What does business ethics mean?

The moral rules a firm follows to do what is right and fair.

What does sustainability mean for a business?

Meeting today's needs without harming future resources or the planet.

Give two examples of ethical behaviour by a business.

Paying fair wages and providing safe working conditions.

Give two ways a business can be more sustainable.

Use renewable energy and cut waste through reuse and recycling.

What is a carbon footprint?

The total greenhouse gases a business gives off from its activities.

Name two actions that cut a business's carbon footprint.

Use less energy and use electric or efficient vehicles.

What is Fairtrade?

A scheme that ensures farmers get a fair price and better terms.

How can acting ethically affect a business's costs?

Costs may rise, for example paying fair wages or buying Fairtrade.

How can acting ethically help a business?

It can boost reputation, win loyal customers and attract staff.

What trade-off might a business face with ethics?

Higher costs now in return for trust and more sales later.

What is an ethical supply chain?

When suppliers follow rules on fair pay, safe work and the environment.

How can unsustainable behaviour harm a business?

It can cause fines, bad publicity, lost sales and higher future costs.