CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Reality of Social Responsibility

Reasons why b...

Question

Reasons why business should act ethically:

A

To keep its commitment to society to act ethically.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

To meet stakeholder expectations.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

To protect their employees and their reputation.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

All of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C All of the above
Business should act ethically to keep its commitment to society as society and business are interdependent on each other. Investors invest their money in a business and expects the firm to act ethically in all its functions. Employees are aware and want to work in an organization that respect and behave ethically.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Reasons why business should act ethically _____________.

Q. Reason(s) why business should act ethically include(s) ____________.

Q. Which of the following is not a reason for business to act ethically ?

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. State as to why business should behave ethically?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Business Ethics and Social Responsibility

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Reality of Social Responsibility

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon