Question:
Build up arguments for and against social responsibilities.
Answer:
Arguments for Social Responsibility:
- Justification for Existence and Growth: Although the main motive of any business is profit but the prosperity and growth of business is not possible without a continuous service to the society. Therefore, it is justified for a business to assume social responsibility.
- Avoidance of Government Regulation: Businessmen can avoid the problem of government regulations by assuming social responsibilities voluntarily which helps to reduce the need for new laws.
- Maintenance of Society: Those people who do not get a return for their hardships get indulged in anti-legal activities. Therefore, it is advisable for business enterprises to assume their social responsibilities.
- Long Term Interest of the Firm: If consumers, workers, shareholders, government officials feel that they are not getting what they deserve, they start to withdraw their hands from business. It may prove more expensive for an enterprise.
- Availability of Resources with Business: A business enterprise has effective human and financial resources to solve many of the social problems.
- Converting Problems into Opportunities: Business can make risky situations useful by using their efficiency.
- Better Environment for Doing Business: Business system should do something to meet needs before it is confronted with a situation when its own survival is endangered.
- Holding Business responsible for Social Problems: Environmental pollution, unsafe workplaces, corruption in public institutions and discriminatory practices in employment are some of the problems which have caused due to business enterprises.
Arguments against Social Responsibility:
- Violation of Profit Maximization: As per this argument, business enterprises claim that our objective is profit maximization. Business can reduce its cost and raise profits and then only it can meet its social responsibility.
- Lack of Social Skills: Business enterprises neither have skill nor experience to solve all types of social problems. Therefore, it should be handled by specialized agencies.
- Burden on Consumers: Many of the social responsibilities cost a lot and its burden falls on consumers only.
- Lack of Broad Public Support: Business cannot operate successfully because of lack of cooperation and confidence on behalf of public to business enterprises.
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.
Name any four elements of business ethics.
Q 42.
What are the core objectives of social responsibility of business?
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?
