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Unit 6E
Social Responsibility
Term | Definition |
---|---|
Ethics | moral principles that govern behaviour. It is based on assertion of what is right, wrong, honest and fair |
Code of Ethics | guidelines that govern how a business operates |
Social Responsibility | firm's duties/ responsibilities to those whom it comes into contact with. |
Social Audits | making it an objective, developing codes of ethics, social audits, obeying legislation, consulting with stakeholders, community involvement |
Environmental Responsibility | checklists to identify areas where business needs to improve |
Sustainable Development | development that meets needs of the present without compromising the ability of future generations to meet their own needs |
Environmentally conscious business | consider the impact on environment of their production, waste disposal and pollution implications |