Business Ethics and Corporate Social Responsibility
Commerce ⇒ Entrepreneurship
Business Ethics and Corporate Social Responsibility starts at 12 and continues till grade 12.
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A company is found guilty of dumping toxic waste into a river, violating environmental laws. Is this an ethical or unethical practice?
Define business ethics.
Describe any two challenges faced by businesses in implementing ethical practices.
Describe any two ways in which a business can demonstrate ethical behaviour towards its employees.
Describe the relationship between business ethics and corporate governance.
Explain the concept of 'Triple Bottom Line' in CSR.
A company donates a portion of its profits to support education in rural areas. Which aspect of CSR does this represent? (1) Environmental (2) Philanthropic (3) Legal (4) Economic
A company is found guilty of dumping toxic waste into a river, violating environmental laws. Is this an ethical or unethical practice?
A company donates a portion of its profits to support education in rural areas. Which aspect of CSR does this represent? (1) Environmental (2) Philanthropic (3) Legal (4) Economic
Which of the following is a component of ethical decision-making? (1) Ignoring stakeholders (2) Considering long-term consequences (3) Focusing only on profits (4) Avoiding transparency
Which of the following is a direct benefit of CSR to a company? (1) Increased short-term profits (2) Improved brand image (3) Reduced employee satisfaction (4) Higher taxes
Which of the following is a legal requirement for companies under CSR in India? (1) Spend at least 2% of average net profits on CSR activities (2) Donate to any political party (3) Increase salaries of directors (4) Reduce product prices
Fill in the blank: ________ is the obligation of a business to contribute to the welfare of society.
Fill in the blank: ________ is the practice of giving false or misleading information about the environmental benefits of a product or company.
Fill in the blank: ________ is the process of evaluating the social, environmental, and economic impact of a company's operations.
Fill in the blank: ________ is the term used for reporting a company's CSR activities to stakeholders.
State whether the following statement is True or False: 'Business ethics is only concerned with the internal environment of the company.'
True or False: Corporate Social Responsibility (CSR) is mandatory for all companies in India above a certain net worth, turnover, or profit as per the Companies Act, 2013.
True or False: CSR activities must be disclosed in the annual report of companies covered under Section 135 of the Companies Act, 2013.
True or False: Ethical business practices can help in reducing legal problems for a company.
