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Business Studies

Meaning of Ethics

Which of the ...

Question

Which of the following is capable of doing maximum good to society?

(a) Business success

(b) Laws and regulations

(c) Ethics

(d) Professional management

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Solution

Good business ethics are capable of doing the maximum good to society. This is because business ethics refer to the moral values and principles that an enterprise needs to follow in order to work in the interest of society. Thus, as good business ethics are desirable from the viewpoint of society, they contribute towards societal welfare more than business success, law and regulations and professional management of an industry.

Hence, the correct answer is option (c).

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Similar questions

Q. Which of the following is capable of doing maximum good to society?

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.
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7. Business should not disclose their records to investors.
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13. Business ethics are applicable to all business organizations.
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Q. Business Ethics is a code of conduct which society should follow while conducting their social activities.

Q. Business Ethics is required at which level of management?

Q. Match the correct pairs.

Group “A”		Group “B”
a.	Business ethics	1.	Respecting rules and regulations
b.	Employees	2.	Proper conduct of meeting
c.	Responsibility towards community	3.	Negotiations with management
d.	Responsibility towards government	4.	Pollution control
e.	Trade union	5.	Good quality product
		6.	Help to weaker sections of society
		7.	Provide after sales services
		8.	Confidentiality
		9.	Job security
		10.	To maintain solvency and prestige

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