17 Questions
What is a fair trade product?
A product manufactured or grown by a disadvantaged producer in a developing country that receives a fair price for its goods
According to the Ethical Trading Initiative's Base Code, what is not allowed in the workplace?
Forced labor
What is the minimum age for employment according to the Ethical Trading Initiative's Base Code?
18 years old
What is a requirement for working conditions according to the Ethical Trading Initiative's Base Code?
Safe and hygienic conditions
What is allowed in the workplace according to the Ethical Trading Initiative's Base Code?
Freedom of association
What is one way that organizations can promote diversity through ethical sourcing?
By intentionally buying from small firms, ethnic minority businesses, and women-owned enterprises
What should ethical sourcing policies include according to the text?
Determining where all purchased goods come from and how they are made
What is the main goal of the Ethical Trading Initiative (ETI)?
To take responsibility for improving working conditions
What is included in the ETI Base Code?
Nine clauses for ethical practices
What should be reported to shareholders according to the text?
Supplier compliance performance
Why would organizations discontinue purchases from certain firms?
If they use child labor or other unacceptable labor practices
What is the first step in developing a framework for ethical and sustainable sourcing strategy?
Establish corporate ethical and sustainable sourcing policies
What is the purpose of ethical and sustainable supplier certifications?
To identify candidates for strategic supplier alliances
What is a key characteristic of strategic supplier alliances?
Formalized, collaborative relationships involving commitment and trust
What is the purpose of Step 4 in the ethical and sustainable sourcing strategy framework?
To develop a performance measurement system
What is the basis for some ethical and sustainable supplier certification programs?
ISO 9000 quality certifications and ISO 14000 environmental certifications
What is a trend observed in the use of ethical and sustainable supplier certifications?
An increase in their use
Learn about ethical and sustainable sourcing, fair trade products, and labor practices. Understand the principles of fair trade, including freely chosen employment and freedom of association.
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