Social Responsibilities of Business and Business Ethics
| Description: Social Responsibilities of Business and Business Ethics, Business Studies, XI | |
| Number of Questions: 18 | |
| Created by: Neema Pandya | |
| Tags: Social Responsibilities of Business and Business Ethics Arguments for Social Responsibilities Arguments Against Social Responsibilities Need for Social Responsibilities Social Responsibilities Kinds of Social Responsibilities Social Responsibilities Towards Different Interest Groups Business and Environmental Pollution Elements of Business Ethics Business Ethics Need for Pollution Control |
Which of the following statements is/are correct? a. CSR is viewed as a comprehensive set of policies, practices and programmes that are integrated into all business activities. b. Social responsibility involves complying with the letter as well as the spirit of the law. c. The very concept of social responsibility implies that it is essentially an ethical issue.
Which of the following statements is/are incorrect? a. Business functioning is ultimately judged on the basis of their serving social needs. b. Social interest and business interest are not contradictory. c. The earlier approach of Caveat Emptor has changed as a result of labour movements.
Which of the following is not a type of social responsibility?
Which of the following is a responsibility that a business has towards its shareholders?
Taking into consideration the religious sentiments of the public while advertising for a product, comes under which type of social responsibility?
Which of the following is the relevant interest group from the following if an entrepreneur ensures a fair wage and a fair deal with the right to form unions?
A business should safeguard its capital investment by avoiding speculative activity and undertaking only healthy business ventures, which give good returns on investment. Which of the following responsibilities is this?
When was the Department of Environment created by the Government of India, to lay down policy guidelines and administrative orders regarding environmental protection in India?
Which of the following types of pollution can be responsible for many diseases like loss of hearing, malfunctioning of the heart and mental disorders?
Which of the following statements is/are true? a. Business ethics refer to the socially determined moral principles, which should govern business activities. b. Corporate Governance originated in U.S.A, where Government passed Anti-Trust Act against monopolistic practices. c. Social responsibility of business refers to its obligation, to take those decisions and perform those actions, which are desirable in terms of the objectives and values of our society.
Which of the following is not one of the eight problems that causes damage to the natural environment as identified by the United Nations?
Which of the following is not an element of business ethics?
Why should there be pollution control by businesses? a. Reduction of health hazards b. Reduced risk of liability of businesses c. Cost savings
Which of the following refers to the moral principals or rules of behaviour, which should govern moral conduct of businessmen?
Match the following columns:
| Column I | |
| Column II | |
| a. Corporate social responsibility | 1. Originated when government passed anti trust laws against monopolistic practices, so as to improve and protect the welfare of the society. |
| b. Business ethics | 2. These highlighted social values and society’s concerns in relation to business and forced the corporates to abstain from policies and practices, which were hostile to consumers and environmental protection. |
| c. Corporate governance | 3. This improves accountability of directors to shareholders, emphasis on more transparent auditing and increased responsibilities of independent directors, and protects shareholders. |
Which of the following are the factors that have forced and persuaded businessmen to consider their social responsibilities? a. Public regulation b. Labour movement c. Consumer consciousness d. Social standards for business
Which of the following arguments is/are used by businesses against assuming social responsibility? a. It is a violation of the profit maximisation objective of a business. b. Businesses cannot get involved in social issues, as there is lack of public confidence and cooperation in solving social problems by them. c. Businesses do not have the necessary training so, social problems should be solved by other specialised agencies.
Which of the following arguments is/are valid for businesses to assume social responsibility? a. It is in the long term interest of the firm. b. It can be used as an avoidance of government regulation. c. It can be used as an opportunity for growth.