Professional, Responsible, Ethical Business Practice (Grade 11 NSC Matric Business Studies): Quizzes

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Professional, Responsible, Ethical Business Practice
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What does professional, responsible, ethical business practice mean?

Making decisions based on moral values

What does responsibility refer to in business?

Legal & moral duty to economic, social, & natural environment

How should companies treat employees according to workplace fairness standards?

Equally regardless of race, age, gender, or disability

What act must businesses comply with for fair wages and salaries?

Basic Conditions of Employment Act (BCEA)

How do ethical businesses benefit from building a good reputation?

Attract more investors & increased profitability

How is customer loyalty developed in ethical businesses?

Nurtured through ethical practices

What do businesses avoid by complying with environmental regulations?

Unnecessary fees, fines, or sanctions

Which organisation helps businesses ensure compliance with ethical standards in South Africa?

Business Unity South Africa (BUSA)

What is corporate governance?

Rules, practices, & processes to direct & manage companies

What factors influence how employees view ethical perspectives?

Culture, religion, education, & background

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