Question:
What is business ethics? Mention the basic elements of business ethics.
Answer:
Business ethics refers to the values and principles that govern the behaviour of individuals in an organisation such that the business activities are desirable from the viewpoint of society. The main purpose of business ethics is to guide managers and other employees to perform their jobs in a manner that is socially acceptable.
The following are some of the elements of business ethics.
- Top management commitment: Top-level officers, such as CEO's and senior managers, must strongly follow the ethical codes and guide the other employees in adopting such behaviour.
- Publication of a code: Enterprises must clearly define the ethical code of conduct, which would include quality standards, laws governing production and health and safety standards for the employees.
- Establishment of compliance mechanism: In addition to standards, an enterprise must also devise a mechanism through which compliance with the code of conduct can be measured.
- Involvement of employees at all levels: The successful implementation of ethical standards requires the involvement of all the employees at all levels.
- Measurement of results: Although it is difficult to measure the end results of implementation of ethical standards, the top management should take steps to measure the degree of compliance with the ethical codes.
Social Responsibility of Business and Business Ethics
Q 1.
Give any one point of difference between ethics and law.
Q 2.
Give any two reasons supporting social responsibilities.
Q 3.
Describe the obligations of business towards owners and shareholders .
Q 4.
If you start a business, which objective will be of utmost importance to you and why?
Q 5.
Give any two reasons against social obligation.
Q 6.
What is environmental pollution?
Q 7.
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
Q 8.
Give any four reasons against the social responsibilities of business.
Q 9.
What are the obligations of a business in the name of social responsibility?
Q 10.
What is environment? What is environmental pollution?
Q 11.
What do you mean by the principle derived from social values which guide and govern the conduct of businessmen? Explain the factors governing these principles and values.
Q 12.
Briefly explain (a) Air pollution, (b) Water pollution, and (c) Land pollution.
Q 13.
Why should a business do any thing for society at large?
Q 14.
Explain the reality of social responsibility.
Q 15.
Do businessmen have skill to tackle social problems?
Q 16.
What is code of ethics?
Q 18.
What obligation does a businessman have towards the government?
Q 19.
Mention two responsibilities of business towards customers.
Q 20.
Define corporate social responsibility.
Q 21.
"A business owes curtain obligations towards different groups."Identify those groups and explain the obligation of business towards those groups.
Or
Explain social responsibility of a business towards different interest groups.
Q 22.
Explain the obligations of business towards owners and investors.
Q 23.
Why do the enterprises need to adopt pollution control measures?
Q 24.
What is corporate social responsibility? Is it similar to business ethics?
Q 25.
Give any one difference between ethics and law.
Q 26.
What steps can an enterprise take to protect the environment from the dangers of pollution?
Q 27.
"Like an individual, business enterprise should also be a loyal citizen to the state."Discuss.
Q 28.
What is business ethics? Mention the basic elements of business ethics.
Q 29.
What are the responsibilities of business towards employees and customers?
Q 30.
Build up arguments for and against social responsibilities.
Q 31.
Which eight problems have been identified by the United Nations which cause damage to natural environment?
Q 32.
How can a business enterprise improve its public image by performing social responsibilities?
Q 33.
Social responsibility is not an area of business. Do you agree? Justify.
Q 34.
What is the relation between ethics and moral values?
Q 35.
What do you understand by social responsibility of business? How is it different from legal responsibility?
Q 36.
What is the reality of social responsibilities?
Q 37.
Business is essentially, a social institution and not merely a profit making activity.' Explain.
Q 38.
Explain the need for social responsibility.
Q 39.
Describe the reality of social responsibilities of a company.
Q 40.
What do you mean by the principles derived from social values which guide and govern the conduct of businessmen?
Q 41.
What are the core objectives of social responsibility of business?
Q 42.
Name any four elements of business ethics.
Q 43.
Name any two factors which affect the ethical behaviour of a business.
Q 44.
Business ethics and social responsibility are not synonyms but are closely related. Substantiate.
Q 45.
Explain the various elements of business ethics.
Q 46.
What are the major areas of social responsibility of business?
