CHAPTER-6 Social Responsibilities of Businessand Business Ethics

Explain the various elements of business ethics?.

What steps can an enterprise take to protect the environment from the dangers of pollution?

What are the major areas of social responsibility of business?

Why do the business enterprises need to adopt pollution control measures?

Briefly explain (a) Air pollution, (b) Water pollution and (c) Land pollution.

'Business is essentially a social institution and not merely a profit making activity'. Explain.

What is business ethics? Mention the basic elements of business ethics?

Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.

What is environment? What is environmental pollution?

Build up argument for and against social responsibilities.

Which of the following alone can ensure effective ethics programme in a business enterprise?

(a) Publication of a code

(b) Involvement of employees

(c) Establishment of a compliance mechanism

(d) None of them

Ethics is important for

(a) Top management

(b) Middle-level managers

(c) Non-managerial employees

(d) All of them

Which of the following is capable of doing maximum good to society?

(a) Business success

(b) Laws and regulations

(c) Ethics

(d) Professional management

Which of the following can explain the need for pollution control?

(a) Cost savings

(b) Reduced risk of liability

(c) Reduction of health hazards

(d) All of them

Carbon monoxide emitted by automobiles directly contributes to

(a) Water pollution

(b) Noise pollution

(c) Land pollution

(d) All the people

Environment protection can best be done by the efforts of

(a) Business people

(b) Government

(c) Scientists

(d) All the people

That an enterprise must behave as a good citizen is an example of its responsibilities towards

(a) Owners

(b) Workers

(c) Consumers

(d) Community

Business people have the skills to solve

(a) All social problems

(b) Some social problems

(c) No social problems

(d) All economic problems

If business is to operate in a society which is full of diverse and complicated problems, it may have

(a) Little chance of success

(b) Great chance of success

(c) Little chance of failure

(d) No relation with success or failure

What do you understand by social responsibility of business? How is it different from legal responsibility?

Social responsibility is

(a) Same as legal responsibility

(b) Broader than legal responsibility

(c) Narrower than legal responsibility

(d) None of them