ENVIRONMENTAL
AND ETHICAL
ISSUES
Textbook, Chapter 27 [pg 329-339]
Name:
Class:
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Learning outcomes:
Describe how business activity can affect the environment.
Explain the concept of externalities.
Explain what sustainable development means.
Explain how increasing concern for environment and pressure groups are
influencing business decisions.
Explain how legal controls can be used to influence business decisions to
protect environment.
BUSINESS ACTIVITY AND THE ENVIRONMENT
Definitions to learn:
Social responsibility __________________________________________
___________________________________________________________
Environment ________________________________________________
___________________________________________________________
EXTERNALITIES
Definitions to learn:
Private costs _______________________________________________
___________________________________________________________
Private benefits ______________________________________________
___________________________________________________________
External costs _______________________________________________
___________________________________________________________
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External benefits _____________________________________________
___________________________________________________________
Social costs ________________________________________________
___________________________________________________________
Social benefits ______________________________________________
___________________________________________________________
SUSTAINABLE DEVELOPMENT
Definitions to learn:
Sustainable development _____________________________________
___________________________________________________________
Sustainable production methods ________________________________
___________________________________________________________
Sustainable development What can business do?
1. Use r_____________ energy
Explanation: ________________________________________________
___________________________________________________________
2. R___________ waste
Explanation: ________________________________________________
___________________________________________________________
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3. Use f________ resources
Explanation: ________________________________________________
___________________________________________________________
4. D___________ new e________________ friendly
Explanation: ________________________________________________
___________________________________________________________
RESPONDING TO ENVIRONMENTAL PRESSURES AND
OPPORTUNITIES
A) Pressure Groups
Definitions to learn:
Pressure groups ____________________________________________
___________________________________________________________
Consumer boycott ___________________________________________
___________________________________________________________
Pressure group activities is likely to
change business actions when:
Pressure group activity is unlikely
to result in a change in business
actions when:
a)
b)
c)
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B) Laws passed by government
1. L _____________ in environmentally sensitive areas such as national parks.
2. M_____________ products that cannot easily be recycled.
3) F___________ penalties, including pollution permits.
ETHICAL ISSUES
Definition: _______________________________________________________
_______________________________________________________________
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