Questions and Answers
What does the 4R concept for sustainability stand for?
Reduce, Reuse, Recycle, Replace
Which of the following are methods of recycling?
Reduce means increasing the amount of waste released to the environment.
False
What is an example of reusing products?
Signup and view all the answers
What does replacing resources involve?
Signup and view all the answers
What is business ethics?
Signup and view all the answers
A code of ethics should consider factors such as _____ and ______.
Signup and view all the answers
What should be considered regarding customers when forming a code of ethics?
Signup and view all the answers
What is one adverse effect of business activities?
Signup and view all the answers
Study Notes
Cultural Diversity and Peace
- Respecting and protecting cultural diversity enhances social harmony and mutual understanding.
- Businesses play a role in maintaining law and peace through ethical practices and sustainable initiatives.
4R Concept for Sustainability
- The 4R concept encompasses Reduce, Reuse, Recycle, and Replace, targeting waste management to promote sustainability.
- Waste separation is critical, allowing materials to be transformed into new products while changing their physical state.
- Upcycling involves converting lower-value materials into higher-value products; for example, producing paper from hay.
- Low cycling refers to turning high-value products into lower-value materials, such as crushing discarded vehicles to create iron.
Waste Management Practices
- Reuse focuses on using products multiple times, illustrated by lunch boxes that can replace single-use lunch sheets.
- Reduce emphasizes minimizing waste output by decreasing consumption and avoiding harmful products, such as non-biodegradable packaging.
- Replace highlights the need for substituting non-renewable resources with renewable alternatives, like reforestation initiatives.
Adverse Business Activities
- Businesses risk engaging in practices such as importing low-quality goods, misleading customers, and neglecting employee welfare.
- Environmental issues arise from natural resource waste, pollution, and inappropriate advertising that misaligns with societal values.
Business Ethics
- Business ethics involves favorable actions towards all stakeholders, balancing good and bad practices.
- Ensuring quality products and services fosters trust among customers.
- Adhering to ethical accounting prevents financial misconduct and promotes transparency.
- Fair treatment of employees regarding social factors improves human resource management.
Factors in Forming a Code of Ethics
- Considerations for ethical codes include business nature, customer demand, employee needs, and market competition.
- Socio-cultural values and organisational culture must influence ethical standards.
- Practicality of the ethical code implementation is essential for effective enforcement.
Features of a Code of Ethics
- When formalized, a code of ethics serves as a system of ethical guidelines that helps govern business conduct.
- Components to consider include customer expectations, employee environments, competition ethics, and societal norms.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz explores the importance of cultural diversity, law, and peace in relation to sustainable development. It highlights the 4R concept—Reduce, Reuse, Recycle, and Recover—as an effective strategy for managing waste in production and consumption processes. Test your knowledge on how these principles contribute to global sustainability efforts.
