Ethics in Business

CONCEPTUAL

Life Skills›Entrepreneurship|Ages 9—11|ID: mt_b0sXYFblDL

Being honest, being fair, treating workers well, not harming the environment; what makes a 'good' business; whether businesses should care about more than profit

Mastery Evidence

Name at least two things that make a business ethical (fair wages, honest advertising, environmentally responsible)
Explain why a business that only cares about profit might cause problems
Describe a situation where a business owner faces an ethical choice and suggest what they should do

Assessment Prompt

“If [child] heard about a company paying its workers very little to make bigger profits, could they explain why that's unfair and suggest a better approach?”

Prerequisites4

Being a Good Seller
hardAges 7—9
Fair Trade & Ethics
softAges 7—9
Social Enterprise
softAges 9—11
Supply Chains
softAges 9—11

Show full prerequisite tree

Being a Good Seller hard
Must understand honest selling before examining broader business ethics
- Making Something to Sell soft
  Selling experience provides context for understanding honest business practice
  - Needs & Wants soft
    Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
    - What Money Is hard
      Must understand money exists and is limited before distinguishing needs from wants
  - Goods & Services hard
    Must know what goods are before creating a product to sell
  - Buyers & Sellers hard
    Must understand exchange before making something to sell
    - Goods & Services hard
      Must understand goods and services before grasping buying and selling
    - What Money Is soft
      Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
- Who Is a Customer? hard
  Must understand customer concept before learning about customer service and trust
  - Making Something to Sell soft
    Making a product helps understand what customers want
    - Needs & Wants soft
      Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
      - What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
    - Goods & Services hard
      Must know what goods are before creating a product to sell
    - Buyers & Sellers hard
      Must understand exchange before making something to sell
      - Goods & Services hard
        Must understand goods and services before grasping buying and selling
      - What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
  - Buyers & Sellers hard
    Must understand buyers and sellers before exploring customer concept in depth
    - Goods & Services hard
      Must understand goods and services before grasping buying and selling
    - What Money Is soft
      Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
Fair Trade & Ethics soft
Cross-domain: fair trade & ethics (Money & Finance) extends to business ethics
- Needs & Wants soft
  Needs vs wants thinking extends to ethical consumer choices
  - What Money Is hard
    Must understand money exists and is limited before distinguishing needs from wants
- Buying Things hard
  Must understand buying before considering where products come from and who made them
  - Coins & Notes hard
    Must recognise coins/notes and their values before practising buying transactions
    - Coin Values soft
      Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
      - Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
    - What Money Is hard
      Must understand what money is before learning to recognise specific coins and notes
  - What Money Is hard
    Must understand money as exchange medium before practising transactions
Social Enterprise soft
Social enterprise awareness supports ethical business thinking
- Being a Good Seller soft
  Understanding ethical selling extends to social enterprise values
  - Making Something to Sell soft
    Selling experience provides context for understanding honest business practice
    - Needs & Wants soft
      Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
      - What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
    - Goods & Services hard
      Must know what goods are before creating a product to sell
    - Buyers & Sellers hard
      Must understand exchange before making something to sell
      - Goods & Services hard
        Must understand goods and services before grasping buying and selling
      - What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
  - Who Is a Customer? hard
    Must understand customer concept before learning about customer service and trust
    - Making Something to Sell soft
      Making a product helps understand what customers want
      - Needs & Wants soft
        Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
      - Goods & Services hard
        Must know what goods are before creating a product to sell
      - Buyers & Sellers hard
        Must understand exchange before making something to sell
        
        Goods & Services hard
        Must understand goods and services before grasping buying and selling
        
        What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
    - Buyers & Sellers hard
      Must understand buyers and sellers before exploring customer concept in depth
      - Goods & Services hard
        Must understand goods and services before grasping buying and selling
      - What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
- Having a Business Idea hard
  Must understand business ideas before applying them to social problems
  - Making Something to Sell hard
    Must have experience making something to sell before generating business ideas
    - Needs & Wants soft
      Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
      - What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
    - Goods & Services hard
      Must know what goods are before creating a product to sell
    - Buyers & Sellers hard
      Must understand exchange before making something to sell
      - Goods & Services hard
        Must understand goods and services before grasping buying and selling
      - What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
  - Who Is a Customer? hard
    Must understand customers before spotting problems to solve for them
    - Making Something to Sell soft
      Making a product helps understand what customers want
      - Needs & Wants soft
        Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
      - Goods & Services hard
        Must know what goods are before creating a product to sell
      - Buyers & Sellers hard
        Must understand exchange before making something to sell
        
        Goods & Services hard
        Must understand goods and services before grasping buying and selling
        
        What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
    - Buyers & Sellers hard
      Must understand buyers and sellers before exploring customer concept in depth
      - Goods & Services hard
        Must understand goods and services before grasping buying and selling
      - What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
Supply Chains soft
Supply chain knowledge reveals ethical issues in production and trade
- Global Trade soft
  Cross-domain: global trade (Money & Finance) provides context for supply chains
  - Fair Trade & Ethics soft
    Fair trade awareness extends naturally to understanding global trade
    - Needs & Wants soft
      Needs vs wants thinking extends to ethical consumer choices
      - What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
    - Buying Things hard
      Must understand buying before considering where products come from and who made them
      - Coins & Notes hard
        Must recognise coins/notes and their values before practising buying transactions
        
        Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
        
        What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
      - What Money Is hard
        Must understand money as exchange medium before practising transactions
  - How the Economy Works hard
    Must understand basic economics (supply/demand, producers/consumers) before exploring international trade
    - Jobs People Do hard
      Must know about jobs/work before understanding producers and consumers in an economy
      - What Money Is soft
        Understanding money as exchange helps connect jobs to earning
    - Advertising & Spending soft
      Advertising knowledge helps understand how markets influence behaviour
      - Needs & Wants hard
        Must understand needs vs wants to critically evaluate advertising
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
      - Buying Things soft
        Buying experience provides context for understanding advertising pressure
        
        Coins & Notes hard
        Must recognise coins/notes and their values before practising buying transactions
        
        Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
        
        What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
        
        What Money Is hard
        Must understand money as exchange medium before practising transactions
    - Buying Things hard
      Must understand buying/selling before grasping supply and demand
      - Coins & Notes hard
        Must recognise coins/notes and their values before practising buying transactions
        
        Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
        
        What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
      - What Money Is hard
        Must understand money as exchange medium before practising transactions
- Costs & Revenue hard
  Must understand costs before seeing how supply chain stages add cost
  - Making Change soft
    Cross-domain: making change skills (Money & Finance) support profit calculation
    - Money Addition & Subtraction soft
      Curriculum money problem-solving (Maths Y2) provides arithmetic foundation for making change
      - Adding money and giving change hard
        Solving money problems requires ability to combine coins
        
        Addition as combining or putting together two soft
        Combining coins involves addition
        
        How Many in Total? hard
        Understanding addition as combining groups requires knowing numbers represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Pounds & Pence Notation hard
        Finding coin combinations requires knowing coin values and symbols
        
        Coin Values hard
        Using £ and p symbols extends Y1 recognition of coin values
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
      - Subtraction as taking away or separating hard
        Giving change involves subtraction
        
        How Many in Total? hard
        Understanding subtraction as taking away requires knowing numbers represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
    - Adding money and giving change soft
      Finding coin combinations (Maths Y2) supports change calculation
      - Addition as combining or putting together two soft
        Combining coins involves addition
        
        How Many in Total? hard
        Understanding addition as combining groups requires knowing numbers represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
      - Pounds & Pence Notation hard
        Finding coin combinations requires knowing coin values and symbols
        
        Coin Values hard
        Using £ and p symbols extends Y1 recognition of coin values
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
    - Coins & Notes hard
      Must recognise coin/note values before calculating change
      - Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
      - What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
    - Buying Things hard
      Must understand buying transactions before calculating change
      - Coins & Notes hard
        Must recognise coins/notes and their values before practising buying transactions
        
        Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
        
        What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
      - What Money Is hard
        Must understand money as exchange medium before practising transactions
  - Making a Simple Plan hard
    Must understand planning before learning about costs and revenue
    - Budgeting Pocket Money soft
      Cross-domain: budgeting pocket money (Money & Finance) provides planning foundation
      - Needs & Wants hard
        Must understand needs vs wants to make budget trade-offs
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
      - Buying Things soft
        Buying experience helps with realistic budgeting
        
        Coins & Notes hard
        Must recognise coins/notes and their values before practising buying transactions
        
        Coin Values soft
        Curriculum coins/notes recognition (Maths Y1) underpins exploratory coin knowledge
        
        Reading and writing numbers to 20 hard
        Recognising coin values requires reading numerals (1, 2, 5, 10, 20, 50)
        
        How Many in Total? hard
        Reading/writing numerals 0–20 requires understanding that numerals represent quantities (cardinality)
        
        One-to-one counting hard
        Cardinality principle builds on one-to-one correspondence — you must count correctly to know the last number tells 'how many'
        
        Writing digits 0-9 hard
        Writing numerals requires the motor skill of forming digits 0-9 (taught in English handwriting)
        
        Sitting and holding a pencil soft
        Same motor skills for digit formation
        
        What Money Is hard
        Must understand what money is before learning to recognise specific coins and notes
        
        What Money Is hard
        Must understand money as exchange medium before practising transactions
      - Saving Money hard
        Must understand saving concept before budgeting a fixed amount
        
        Needs & Wants soft
        Understanding needs vs wants helps motivate saving decisions
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
        
        What Money Is hard
        Must understand what money is before learning to save it
    - Having a Business Idea hard
      Must have a business idea before making a plan for it
      - Making Something to Sell hard
        Must have experience making something to sell before generating business ideas
        
        Needs & Wants soft
        Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
        
        Goods & Services hard
        Must know what goods are before creating a product to sell
        
        Buyers & Sellers hard
        Must understand exchange before making something to sell
        
        Goods & Services hard
        Must understand goods and services before grasping buying and selling
        
        What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
      - Who Is a Customer? hard
        Must understand customers before spotting problems to solve for them
        
        Making Something to Sell soft
        Making a product helps understand what customers want
        
        Needs & Wants soft
        Cross-domain: needs vs wants (Money & Finance) helps understand what makes a product desirable
        
        What Money Is hard
        Must understand money exists and is limited before distinguishing needs from wants
        
        Goods & Services hard
        Must know what goods are before creating a product to sell
        
        Buyers & Sellers hard
        Must understand exchange before making something to sell
        
        Goods & Services hard
        Must understand goods and services before grasping buying and selling
        
        What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
        
        Buyers & Sellers hard
        Must understand buyers and sellers before exploring customer concept in depth
        
        Goods & Services hard
        Must understand goods and services before grasping buying and selling
        
        What Money Is soft
        Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
  - Buyers & Sellers hard
    Must understand buying/selling exchange before grasping revenue concept
    - Goods & Services hard
      Must understand goods and services before grasping buying and selling
    - What Money Is soft
      Cross-domain: understanding what money is (Money & Finance) supports grasping exchange
- Goods & Services hard
  Must understand goods and services before tracing supply chains

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