Ethics (Edexcel A-Level Business): Flashcards

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Ethics
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Ethics

Principles & norms shaping how individuals & orgs behave

Corruption

Using public power for personal gain

Stakeholder

Individual/group affected by organisation's decisions/activities

Living wage

Minimum income needed for basic necessities

Sweatshop characteristics

Poor ventilation, dangerous chemicals, inadequate safety, low pay

Bhopal Disaster death toll

5,200 deaths

Dhaka Factory Collapse (2013) deaths

Over 1,000 people

Bonded labour

Workers bound to employers until debt + interest repaid

Conflict minerals

Minerals sourced from conflict zones (e.g. DRC)

Guanxi

Chinese tradition using personal connections via gifts/favours

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