1.11 - 1.13 - Business Ethics, Legal Issues, Principles and Consequences
⭐ +590 XP
✓describe the term business ethics
✓identify ethical issues involved in setting up and running a business
✓give examples of ethical practice and legal issues and explain why these issues are important
✓explain principles adopted in establishing and operating a business (code of ethics, environmental policies, handling personal information)
✓explain consequences of unethical/illegal practices, including misleading advertising, withholding of tax, unethical disposal of waste, and money laundering
✓cite examples of illegal practices in business
⏱ 0 mins🎯 118 marks
💡Engage
A popular online snacks business gets big fast. To save money, the owner hides extra charges, uses ‘natural’ labels on products with additives, dumps waste behind the building, and doesn’t submit collected taxes. A customer posts a bad review, and the story spreads.
💡Engage
Before today, had you studied business ethics, legal issues, principles and consequences in school?
💡Engage
How confident are you about business ethics, legal issues, principles and consequences right now?
💡Engage
Pick ONE action that is unethical and ONE action that is illegal. Predict ONE short-term consequence and ONE long-term consequence.
💡EngageQuestion 15 of 52
0 / 1 marks
💡Engage
A popular online snacks business gets big fast. To save money, the owner hides extra charges, uses ‘natural’ labels on products with additives, dumps waste behind the building, and doesn’t submit collected taxes. A customer posts a bad review, and the story spreads.