Ethical, Social and Enviromental Responsibilties in Business (LC 2026) (Leaving Cert Business): Quizzes

📚Quizzes
The Costs and Benefits of Meeting Social and Environmental Responsibilities
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What does the 'polluter pays' principle mean for businesses?

More waste = higher disposal costs

How do increased environmental costs affect business profits?

They lower profits

What risk does a business face if it damages the environment?

Severe damage to its reputation

What did Volkswagen admit to that damaged its reputation?

Fitting software to disguise emissions

What can happen if businesses fail to comply with environmental regulations?

Hefty fines and penalties

How do fair wages affect socially responsible businesses?

Increases the overall wage bill

What effect do recyclable materials have on manufacturing costs?

Increase manufacturing costs

What is a cost implication of investing in eco-friendly machinery?

It can be more expensive

Why does The Body Shop pay fair prices for ingredients?

To support suppliers & community needs

How can ethical practices reduce legal fees for businesses?

By reducing risk of costly lawsuits

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