Lesson 1 Enumeration GOOD GOVERNANCE

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Last updated 3:12 AM on 4/17/26
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11 Terms

1
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6 Core Elements of Business

  • Customers

  • Employees

  • Suppliers

  • Investors

  • Government regulations

  • Communities

2
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Business Functions

  • Marketing

  • Finance

  • Operations

  • Human Resources

  • Supply Chain Managemen

3
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Ethical Considerations

  • Fair competition

  • Labor practices

  • Environmental impact

  • Consumer protection

  • Transparency

4
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Types of Businesses

  • Sole proprietorship

  • Partnership

  • Corporation

  • Cooperative

5
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Importance of Ethics in Business

  • Enhancing trust

  • Legal compliance

  • Corporate reputation

  • Employee satisfaction

  • Sustainability

6
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🔹 Morality of Profit Motive

  • Profit as a necessity

  • Ethical profit-making

  • Exploitation vs ethical practices

  • Sustainability and profit

7
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🔹 Business Ethics – Key Concepts

  • Transparency

  • Accountability

  • Integrity

  • Fairness

  • Responsibility

8
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🔹 Application of Ethics

  • Ethical marketing

  • Workplace fairness

  • Environmental sustainability

  • Data privacy

9
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🔹 Ethical Decision-Making Frameworks

  • Utilitarian approach

  • Deontological approach

  • Virtue ethics

  • Corporate ethical codes

10
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🔹 Good Governance Principles

  • Transparency

  • Integrity

  • Accountability

  • Fairness

11
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🔹 Corporate Governance Structures

  • Board of directors

  • Ethics committees

  • Compliance officers