Question:
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
Answer:
The following are the forces which are responsible for increasing the concern of business enterprises for social responsibility.
- Threat of Public Regulation: The government is meant to safeguard the interests of society. Thus, in case the government feels that a business enterprise is behaving in a manner that is not socially desirable, then it can regulate the operations of that enterprise accordingly.
- Pressure of Labour Movement: The increase in capital mobility over time has increased the pressure on business enterprises to pay attention to the welfare of workers, by providing them with healthy working conditions along with good remuneration.
- Impact of Consumer Consciousness: As consumers today are aware of their rights and responsibilities, they take their decisions more rationally. Thus, business enterprises are made to work more efficiently and produce better products at reasonable rates to satisfy their customers.
- Development of Social Standards: Business enterprises are not merely profit-making entities. For their long-term growth and existence, they require fulfilling the new standards of social welfare.
- Development of Business Education: The spread of education over time has made consumers, investors, employees and owners aware of social problems, thereby making them more sensitive to social issues.
- Relationship Between Social Interest and Business Interest: No business enterprise can work in isolation from society. Thus, there should be a balance between business interests and social interests, such that the business can grow by doing the maximum good to society.
- Development of a Professional Managerial Class: Every business professional pursues the goal of profit maximization. But today's professional managers make efforts to satisfy the interests of all members of society.
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.
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.
Give any four reasons against the social responsibilities of business.
Q 8.
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
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.
Do businessmen have skill to tackle social problems?
Q 15.
Explain the reality of social responsibility.
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?
