Social Responsibility of Business and Business Ethics
Commerce ⇒ Business Studies
Social Responsibility of Business and Business Ethics starts at 11 and continues till grade 12.
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Define the term 'social responsibility of business'.
Describe any two responsibilities of business towards shareholders.
Describe any two responsibilities of business towards the community.
Explain any two arguments in favour of social responsibility of business.
Explain the concept of 'Code of Conduct' in business ethics.
A business decides to use eco-friendly packaging for its products. Which type of responsibility is it fulfilling? (1) Economic (2) Legal (3) Ethical (4) Philanthropic
A company is dumping untreated waste into a river, causing harm to the local community. Which responsibility is the company violating? (1) Responsibility towards employees (2) Responsibility towards government (3) Responsibility towards environment (4) Responsibility towards shareholders
A company regularly donates a portion of its profits to educational charities. This is an example of which type of responsibility? (1) Economic (2) Legal (3) Ethical (4) Philanthropic
A business decides to use eco-friendly packaging for its products. Which type of responsibility is it fulfilling? (1) Economic (2) Legal (3) Ethical (4) Philanthropic
A company is dumping untreated waste into a river, causing harm to the local community. Which responsibility is the company violating? (1) Responsibility towards employees (2) Responsibility towards government (3) Responsibility towards environment (4) Responsibility towards shareholders
A company regularly donates a portion of its profits to educational charities. This is an example of which type of responsibility? (1) Economic (2) Legal (3) Ethical (4) Philanthropic
Which of the following is a benefit of following business ethics? (1) Loss of reputation (2) Increased employee turnover (3) Enhanced brand image (4) Legal penalties
Fill in the blank: ________ is a set of moral principles that guide the conduct of individuals and organizations in business.
Fill in the blank: ________ is the obligation of business to pursue those policies, make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society.
Fill in the blank: ________ is the process of integrating social and environmental concerns in business operations and interactions with stakeholders.
Fill in the blank: The ________ responsibility of business includes activities like providing employment and improving the quality of life of people.
Is it correct to say that business ethics are static and do not change over time?
Is it correct to say that social responsibility and business ethics are interrelated?
Is it true that ethical business practices can lead to increased customer loyalty?
Is it true that social responsibility is a voluntary effort on the part of business?
