Professional, Responsible, Ethical Business Practice (Grade 11 NSC Matric Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Define: Professional, responsible, ethical business practice
Define: Professional, responsible, ethical business practice
Decisions based on moral values & professional standards
Responsibility (business context)
Responsibility (business context)
Legal & moral duty to economic, social, natural environment
Act for fair compensation requirements
Act for fair compensation requirements
Basic Conditions of Employment Act (BCEA)
Corporate governance meaning
Corporate governance meaning
Rules, practices, processes to direct & manage companies
Accountability definition
Accountability definition
Holding directors/officials responsible to stakeholders
Ethical business reputation benefit
Ethical business reputation benefit
Attracts investors, increases profitability
Ethical practices impact on customers
Ethical practices impact on customers
Develops & nurtures customer loyalty
5 core values in code of ethics
5 core values in code of ethics
Respect, Trust, Fairness, Honesty, Purpose
Factors influencing ethical perspectives
Factors influencing ethical perspectives
Culture, religion, education, background
BUSA full name
BUSA full name
Business Unity South Africa