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Business Studies

Meaning of Social Responsibility

A businessper...

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A businessperson shouldn't recognise and understand the aspirations of society in which they carry on their business.

A

True

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B

False

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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.
13. Business ethics are applicable to all business organizations.
14. Every business organization should pay attention to business ethics while conducting their activities.
15. Business ethics can be considered as a tool for social development.
16. Introducing Environment Management techniques benefit business organization.
17. Business and environmental protection are contradictory.

Q. Business Ethics is a code of conduct which society should follow while conducting their social activities.

Q. Shreya, Shruit and Shabnam joined together and established a partnership firm. Their main product was a mobile phone. Besides, they also dealt in some other electronic instruments. Each one of the partners looked after one particular department. They had made it certain that every Monday they would hold a meeting and share the information on the activities of their respective departments. In one of their meetings, they decided that each member would tell something special on which they should focus their attention. The three special things told by all the three of them were as given below. (i) Shreya: In order to compete with rivals, we shall have to focus our mind on Marketing Research. (ii) Shruti: We should keep clear of the anti-social activities like Adulteration, Hoarding and Profitering. (iii) Shabnam: We have to establish our business in the society. The members of society are out customers from whom we earn our profit. Hence, we should contribute to the activities of public importance; namely ?Dispensaries Educational Institutions, etc. (a) To which aspect of business are concerned the three special things told by the three partners, given in the above paragraph? (b) State the context points given in the statements of the three partners.

If business is to operate in a society which is full of diverese and complicated problems, it may have

Q. If business is to operate in a society which is full of diverse and complicated problems, it may have __________.

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