Business Studies

Social Responsibility of Business and Business Ethics

Question:

What are the responsibilities of business towards employees and customers?

Answer:

Social responsibility of business towards its employees: It is important because they are the wheels of an organization. Without their support, the commercial institution simply can't function or operate.
If a business takes care of the needs of its human resource (for e.g. office staff, employees, workers, etc.) wisely, it will boost the motivation and working spirit within an organization. A happy employee usually gives his best to the organization in terms of quality labour and timely output than an unsatisfied one. A pleasant working environment helps in improving the efficiency and productivity of working people. A
good remuneration policy attracts new talented professionals who can further contribute to its growth and expansion.Thus, if personnel are satisfied, then they will work together very hard and aid in increasing the production, sales and profit.
Social responsibility of business towards its consumers or customers: It matters a lot from sales and profit point of view. Its success is directly dependent on their level of satisfaction. Higher their rate of satisfaction, greater is the chances to succeed.
If a business rolls out good-quality products and/or delivers better quality services that too at reasonable prices, then it is natural to attract lots of customers. If the quality- price ratio is maintained well and consumers get worth for their money spends, this will surely satisfy them. In the long run, customer loyalty and retention will grow, and this will ultimately lead to profitability.

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Social Responsibility of Business and Business Ethics

Q 1.

Give any one point of difference between ethics and law.

Q 2.

Describe the obligations of business towards owners and shareholders .

Q 3.

Give any two reasons supporting social responsibilities.

Q 4.

Give any four reasons against the social responsibilities of business.

Q 5.

If you start a business, which objective will be of utmost importance to you and why?

Q 6.

Give any two reasons against social obligation.

Q 7.

What is environmental pollution?

Q 8.

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 9.

Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.

Q 10.

What are the obligations of a business in the name of social responsibility?

Q 11.

What is environment? What is environmental pollution?

Q 12.

Explain the reality of social responsibility.

Q 13.

Briefly explain (a) Air pollution, (b) Water pollution, and (c) Land pollution.

Q 14.

Define pollution.

Q 15.

Why should a business do any thing for society at large?

Q 16.

Define corporate social responsibility.

Q 17.

Do businessmen have skill to tackle social problems?

Q 18.

What is code of ethics?

Q 19.

"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 20.

Mention two responsibilities of business towards customers.

Q 21.

Explain the obligations of business towards owners and investors.

Q 22.

What obligation does a businessman have towards the government?

Q 23.

Why do the enterprises need to adopt pollution control measures?

Q 24.

Give any one difference between ethics and law.

Q 25.

What is corporate social responsibility? Is it similar to business ethics?

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 are the responsibilities of business towards employees and customers?

Q 29.

What is business ethics? Mention the basic elements of business ethics.

Q 30.

How can a business enterprise improve its public image by performing social responsibilities?

Q 31.

Build up arguments for and against social responsibilities.

Q 32.

Which eight problems have been identified by the United Nations which cause damage to natural environment?

Q 33.

Social responsibility is not an area of business. Do you agree? Justify.

Q 34.

What do you understand by social responsibility of business? How is it different from legal responsibility?

Q 35.

What is the relation between ethics and moral values?

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.

What do you mean by the principles derived from social values which guide and govern the conduct of businessmen?

Q 40.

Describe the reality of social responsibilities of a company.

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?