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Business Studies

Ways of Consumer Protection

A business ca...

Question

A business can decide to follow ethical standards and consumer protection law at the production stage itself. State true or false.

A

True

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B

False

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Solution

The correct option is A
True

True. A business can decide to follow ethical standards and consumer protection law at the production stage itself. This will help in avoiding the potential harm to customers at the outset.

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Q. State with reason whether the following statements are true or false.
1. A business unit is a part of society.
2. Tangible goal of earning profit is the sole objective of business.
3. Expectations of society and public towards business are changing.
4. Business organization can use natural resources as they want.
5. Business organization can participate in solving complex social problems.
6. Role of media exerts major influence on business organization.
7. Business should not disclose their records to investors.
8. Providing career opportunities to employees is the responsibility of business.
9. Management should avoid worker's participation while making decisions.
10. Business organization is not liable to control pollution.
11. Business organization cannot contribute to raise standard of living of society.
12. Ethics is a branch of politics.
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16. Introducing Environment Management techniques benefit business organization.
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