Globalisation and Media Impact

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Questions and Answers

What characterizes the global market in the context of globalization?

It emphasizes the use of traditional distribution methods.

It reduces opportunities for countries.

It is limited to local transactions.

It involves the entire globe as a market. (correct)

How does media commonly influence society?

By remaining passive and inactive.

By raising awareness against business malpractices. (correct)

By promoting traditional business methods.

By providing entertainment only.

What impact does social responsibility have on companies operating under globalization?

It restricts opportunities for expansion.

It solely increases profit margins.

It influences and shapes company practices. (correct)

It has no significant impact on global trade.

What does the global distribution of goods and services create in terms of opportunities?

More opportunities and challenges for countries. Signup and view all the answers

How do companies rely on society regarding their operations?

They depend on society for their inputs and outputs. Signup and view all the answers

Which aspect of employee management involves addressing employee complaints effectively?

Proper grievance procedure Signup and view all the answers

What is crucial for promoting employees effectively within an organization?

Providing information about qualifications, skills, and experience required Signup and view all the answers

Which measure helps protect employees' rights within the workplace?

Code of conduct and rights protection Signup and view all the answers

What should be prioritized to address employee issues efficiently?

Investigation of grievances upon request Signup and view all the answers

How can organizations foster a sense of community among employees?

By allowing the formation of informal groups Signup and view all the answers

What is an essential aspect of maintaining good working conditions?

Ensuring adequate lighting and proper ventilation Signup and view all the answers

Which of the following is a key responsibility of trade unions?

Ensure workers' right to join a trade union Signup and view all the answers

What is a primary goal of education and training in the workplace?

To keep employees updated and increase efficiency Signup and view all the answers

How can workers' participation in management benefit an organization?

By raising morale and giving a sense of belonging Signup and view all the answers

Which action can help avoid a 'divide and rule' policy in the workplace?

Encouraging negotiations Signup and view all the answers

Which of the following actions is NOT supported in relation to anti-social activities?

Participating in anti-social activities Signup and view all the answers

What is a suggested method for preventing congestion in industrial areas?

Preferring locations in designated industrial zones Signup and view all the answers

How can employment generation be achieved according to the provided content?

Through expansion and diversification plans Signup and view all the answers

Which of the following is NOT a form of financial assistance mentioned?

Loans to anti-social organizations Signup and view all the answers

What is the impact of avoiding adverse effects on residential areas in industrial planning?

Reduces conflict between industrial and residential needs Signup and view all the answers

What do workers expect from businesses in relation to their rights?

Fair wages and bonuses Signup and view all the answers

How has the consumer movement changed business practices?

Businesses adopt consumer-oriented policies Signup and view all the answers

What effect does government control have on businesses?

It imposes legal and moral pressures Signup and view all the answers

Why is long-term self-interest important for social responsibility in businesses?

It fosters support from social groups Signup and view all the answers

What moral obligation do businesses have in relation to social problems?

To solve them actively Signup and view all the answers

What aspect of modern business has changed dramatically in recent times?

Increase in societal expectations for social welfare contribution Signup and view all the answers

What is a direct benefit of a company being socially responsible?

Positive brand image and enhanced reputation Signup and view all the answers

What is a key consideration in protecting the environment for businesses?

Proper use of natural resources and avoiding degradation Signup and view all the answers

How can businesses contribute to society's interests regarding resources?

By optimizing resource utilization to avoid wastage Signup and view all the answers

Which of the following is NOT a reason businesses focus on branding?

To distract from social responsibilities Signup and view all the answers

What does Howard D. Bowen define as social responsibility?

Policies and actions that align with societal objectives and values. Signup and view all the answers

According to Keith Davis, what does the social responsibility of business entail?

Considering obligations beyond direct economic interests. Signup and view all the answers

What concept does the socio-economic philosophy by Mahatma Gandhi emphasize?

Wealthy individuals acting as trustees for societal welfare. Signup and view all the answers

In the context of trusteeship, who are considered trustees?

Businessmen who manage economic resources for societal benefit. Signup and view all the answers

Why is the need for social responsibility emphasized in business?

It ensures businesses contribute positively to the community and society. Signup and view all the answers

What is a key benefit of ensuring reasonable profit for a business?

Facilitates growth and expansion Signup and view all the answers

What is involved in exploring business opportunities?

Scanning for diversification and expansion Signup and view all the answers

What is crucial for the optimum use of capital?

Careful and efficient capital management Signup and view all the answers

How can a business maximize profit effectively?

Minimize wastage of time, money, and manpower Signup and view all the answers

What should be avoided to maintain fair practices on the stock exchange?

Artificially managing share prices Signup and view all the answers

What is a fundamental responsibility towards investors regarding meetings?

Proper notices of meeting Signup and view all the answers

Which factor is essential for providing a fair return on investment?

Safety of investment Signup and view all the answers

What is necessary for effectively handling investor grievances?

Effective methodology and machinery Signup and view all the answers

What does maintaining transparency towards investors involve?

Providing full and factual information Signup and view all the answers

Why is proper disclosure of information important to investors?

It enhances decision-making capabilities Signup and view all the answers

What is the result of integrating $rac{1}{ ext{e}^x}$ with respect to $x$?

-rac{1}{ ext{e}^x} + c Signup and view all the answers

What is the result of integrating $x^{-rac{5}{3}}$ with respect to $x$?

$-rac{3}{2} x^{-rac{2}{3}} + c$ Signup and view all the answers

What is the integral of $rac{1}{ ext{sqrt{x}}}$ with respect to $x$?

rac{3}{2} x^{rac{2}{3}} + c Signup and view all the answers

What is the correct result of integrating $log4$ with respect to $x$?

$x imes log(4) + c$ Signup and view all the answers

What is the result of integrating $x^{rac{1}{2}}$ with respect to $x$?

$rac{2}{3} x^{rac{3}{2}} + c$ Signup and view all the answers

Study Notes

Globalisation

The globe operates as a single, integrated market facilitating global distribution of goods and services.
Globalisation presents both new opportunities and challenges for nations.
Countries that embrace social responsibilities shape international relations and influence global practices.

Role of Media

Media serves a vibrant and dynamic role in society by influencing public opinion.
It acts as a watchdog, raising issues against unethical business behaviors.

Responsibility Towards Different Interest Groups

Businesses rely on society for input and output, highlighting the need for mutual engagement and feedback.

Promotion and Career Opportunities

Organizations should provide clear paths for promotion and share what qualifications, skills, and experiences are necessary.
Increased awareness among employees fosters a more knowledgeable workforce and enhances career growth.

Proper Grievance Procedure

Establishing effective grievance handling processes ensures employee complaints are addressed promptly.
Quick resolution of queries is essential, fostering a responsive organizational culture.

Good Working Conditions

Work environments must have adequate lighting, ventilation, and pollution control to enhance employee wellbeing.
Provision of breaks and reasonable working hours contributes to productivity and employee satisfaction.

Recognition of Trade Unions

Acknowledging workers' rights to form unions helps maintain industrial peace.
Engaging in negotiations rather than enforcing a "divide and rule" approach is crucial for harmonious labor relations.

Education and Training

Continuous education and training opportunities increase employee confidence and efficiency.
Refresher courses help keep skills relevant and align with industry standards.

Workers' Participation in Management

Involving employees in management decisions improves morale and encourages a sense of belonging.
Providing platforms for suggestions and profit-sharing motivates employees.

Businesses should refrain from participating in or financing anti-social activities such as smuggling or bribery.
Upholding integrity protects the organization's reputation and ethical standing.

Financial Assistance

Organizations may engage in charitable donations and provide financial assistance to support community development.

Prevent Congestion

Industries should be strategically located in designated industrial zones to minimize residential disturbances and congestion.

Employment Generation

Business expansions and diversification efforts aim to create substantial employment opportunities, addressing issues like poverty and unemployment.

Businesses are increasingly held accountable for their impact on society and expected to contribute to social welfare.
A shift in society's expectations means businesses must adapt their practices to remain relevant.

Factors Impacting Business

Trade union pressures encourage fair wages and benefits; businesses must navigate these expectations to avoid conflict.
The consumer movement empowers individuals, prompting businesses to adopt consumer-friendly policies.
Government regulations impose moral and legal restrictions, guiding corporate ethics and behavior.
Long-term self-interest drives social responsibility, as failure to support community needs risks backlash.
Businesses have a moral obligation to address and resolve complex social problems they contribute to.

Reputation

Investment in branding and corporate image can enhance a company’s reputation, leading to increased sales and growth.

Protection of the Environment

Sustainable practices are essential to prevent environmental degradation and promote the wellbeing of the community.

Optimum Utilization of Resources

Efficient resource use is important for minimizing waste and ensuring the company acts in the best interest of society.

The trusteeship concept proposes that the wealthy have a duty to care for the welfare of society, positioning business leaders as trustees.

Responsibilities Towards Owners

Achieving reasonable profits supports business growth and stability, while efficient capital use minimizes waste.
Exploring new business opportunities is essential for long-term success.

Responsibilities Towards Investors

Businesses must conduct timely meetings with transparent communication to maintain investor trust and satisfaction.
Investors expect a fair return and the safety of their investments, necessitating effective grievance handling and regular reporting on company performance.

Integration Examples (Mathematics)

Integration formulas provided show the process and outcomes of integrating various mathematical functions, showcasing techniques and results in calculus.

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Description

Explore the intricate relationship between globalisation and media's role in society. This quiz delves into how global markets operate and the responsibilities of media in influencing public opinion and addressing business practices. Test your knowledge on the challenges and opportunities presented by these dynamics.