Tag: industrial pollution accelerated with the start of industrial revolution

Questions Related to industrial pollution accelerated with the start of industrial revolution

Ethics is important for _____________.

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Top level Management

  2. Middle-level Managers

  3. Non-Managerial Employees

  4. All of the Above

Show answer
Correct Option: D
Explanation:

Ethics are basically moral principles that governs a person's behaviour or an activity. When a person follows ethics in his business he becomes successful. Ethics is important in business to keep a proper flow of communication between management and employees. Hence, ethics is important for top management, middle-level managers and non-managerial employees.

The idea of social responsibility is ____________. 

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  1. Maximize owner worth

  2. Maximize profits of business

  3. Concern about effects on public

  4. All of the above

Show answer
Correct Option: C
Explanation:

Social responsibility in business or corporate social responsibility $(CSR)$ pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues.

Social responsibility of a business refers to its ________ obligation.

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Action values of our society

  2. Action values for business

  3. Action values for individual

  4. All of the above

Show answer
Correct Option: A
Explanation:
There is a kind of social contract between the society and business by which the society expects the business to work in its interest. Society creates and accepts business enterprises, hence it expects them to work in a manner which is not detrimental to its well being and interests. Technological advancements have to be made but their impact on the environment and mankind has he kept in mind. 

Social responsibility is beneficial because of __________.  

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Availability of resources with business

  2. Maintenance of society

  3. Justifications for its existence and growth

  4. All of the above

Show answer
Correct Option: D
Explanation:

Social responsibility has become increasingly important to companies over the last several years. Whether it's by empowering women, helping the environment, or trying to end poverty, more and more companies are incorporating social responsibility into their overall business strategy. The social issues may be local, national, or global, but a concern for the health and wellness of others that do not involve sales can be seen as commendable. There are many reasons why a company might engage in social responsibility, and in this article, we'll outline a few of them. 

Improving the Company's Brand 

Being a socially responsible company can bolster a company's image and build its brand. The public perception of a company is critical to customer and shareholder confidence in the company. By projecting a positive image, a company can make a name for itself for not only being financially profitable, but socially conscious as well. Also, by being active in the community, a company's employees are engaging with potential customers and in doing so, indirectly marketing the company in the process. 

Engaging Customers 

Building relationships with customers is the cornerstone of a successful company and having a social responsibility policy can impact the buying decisions of customers. Some customers are willing to pay more for a product if they know a portion of the profit is going to worthy cause. Also, if a company is active in the local community – for example, a bank that offers loans to low-income families – the company will be viewed positively by the community and perhaps boost the company's sales as a result. In short, building a positive relationship with customers and their communities can lead to increased sales and rising profits. 

Retaining Top Talent

Many employees want to feel like they're part of something bigger. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Some public corporations' employees number in the tens of thousands, and when they get behind an initiative, the results can be amazing.  

Furthermore, being part of a strategy that helps the greater good can boost employee morale and lead to greater productivity in the workforce. Knowing a product and service is also helping with social causes can create a sense of pride and that pride shows in relationships with customers and fellow employees.

Negative effects of social responsibility ___________. 

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  1. Violation of profit maximization objective

  2. Lack of social skills

  3. Burden on consumers

  4. All of the above

Show answer
Correct Option: D
Explanation:

The negative aspects of corporate social responsibility.

The basic reason why a business is formulated is to make a profit. Corporate social responsibility insists on a corporation to make an effort to look out for stakeholders who are not shareholders only, but who have an interest on what an organization does and the outcomes of what it does. Despite of that, its not totally the duty of the corporation to look out for the many people who hold an interest in the company's activities. If the operations of the free market don’t solve the social problem, it is the duty of the government and not the businesses, to address the many issues faced by the society.

Some businesses are just not prepared to deal with social issues. The lack of preparations of a particular business to deal with societal issues needs the managers to be trained and well versed in dealing with the complex issues that many societies face, as this will give them the skills and the knowledge to be prepared to do so.

Under social responsibility business enterprise should serve ___________. 

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Customer

  2. Community

  3. Owner

  4. All of the above

Show answer
Correct Option: D
Explanation:

Ethics is the discipline that deals with moral duties and obligations. Social responsibility implies corporate enterprises should follow business ethics and work for not only to maximize their profits or shareholders' value but also to promote the interests of other stakeholders and the society as a whole.

Social responsibility of business implies the obligations of the management of a business enterprise to protect the interests of the society.
Customer, community,owner are the part of society.

The term socio-technical systems was coined by __________.

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Ken Bamforth

  2. Fred Emery

  3. Eric Trist

  4. All of the above

Show answer
Correct Option: D
Explanation:

The term sociotechnical systems was coined by Eric Trist, Ken Bamforth and Fred Emery, in the World War II era, based on their work with workers in English coal mines at the Tavistock Institute in London.

A business should have what kind of an approach? 

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Profit earning

  2. Social responsibility

  3. Both (A) and (B)

  4. Either (A) and (B)

Show answer
Correct Option: C
Explanation:
Companies are expected to meet society’s demands for goods and services, to provide employment, to contribute to the exchequer, and to operate efficiently at a profit. There is no conflict between social responsibility and the obligation on companies to use scarce resources efficiently and to be profitable—an unprofitable business is a drain on society. The essence of the contract between society and business is that companies shall not pursue their immediate profit objectives at the expense of the long-term interests of the community. 

A whistle blower is an employee who __________________.

organization of commerce and management social responsibility of management and csr concept of social responsibility social responsibility social responsibility - concept environmental values and ethics industrial pollution accelerated with the start of industrial revolution corporate social responsibility

  1. Exposes organizational wrongdoing.

  2. Complains a lot of company management.

  3. Engages in unethical behaviour.

  4. Referees disputed with other employees.

Show answer
Correct Option: A
Explanation:

A whistleblower is an employee that reports an employer's misconduct. There are laws that protect whistleblowers from being fired or mistreated for reporting misconduct. One of these laws is the Whistleblower Protection Act.

Carbon monoxide emitted by automobiles directly contributes to ____________.

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  1. Water pollution

  2. Noise pollution

  3. Land pollution

  4. Air pollution

Show answer
Correct Option: D
Explanation:

Carbon monoxide is the colorless, odorless and tasteless gas that is slightly less dense than air. It is emitted by vehicles. It mixes with the air and causes air pollution on a large scale. Carbon monoxide is released through emissions through automobiles, thermal power plants,etc.