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Questions and Answers
What does social responsibility of business refer to?
What does social responsibility of business refer to?
- Maximizing profits at any cost
- Fulfilling personal obligations towards society
- Taking desirable actions based on societal objectives and values (correct)
- Ignoring societal expectations for business gain
Which of the following is an example of socially undesirable practice for a business enterprise?
Which of the following is an example of socially undesirable practice for a business enterprise?
- Supplying good quality goods
- Making deceptive advertisements (correct)
- Creating healthy working conditions
- Honestly paying taxes
What is emphasized as a way for business enterprises to achieve durable success?
What is emphasized as a way for business enterprises to achieve durable success?
- Socially responsible and ethically upright behavior (correct)
- Exploitative practices
- Aggressive competition
- Ignoring societal values
What is the societal expectation from a business enterprise regarding the environment?
What is the societal expectation from a business enterprise regarding the environment?
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What is the primary reason for a business enterprise to respect social values and norms of behavior?
What is the primary reason for a business enterprise to respect social values and norms of behavior?
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