Q Social responsibility is
Social responsibility of business refers to its obligation to take those decisions and perform those actions which are desirable in terms of the objectives and values of our society.
Social responsibility is broader than legal responsibility of business. Legal responsibility may be fulfilled by mere compliance with the law whereas Social responsibility is a firm’s recognition of social obligations even though not covered by law, along with the obligations laid down by law. In other words, social responsibility involves an element of voluntary action on the part of business people for the benefit of society.
If business is to operate in a society which is full of diverse and complicated problems, it may have
In this situation survival of business is endangered due to enormous social illnesses. A society with fewer problems provides better business environment for a firm.
Business people have the skills to solve
Environmental pollution, unsafe workplace, corruption in public institutions, and discriminatory practices In employment are some of the social problems which can be solved with the help of business people.
That an enterprise must behave as a good citizen is an example of its responsibility towards
A business enterprise must behave as a good citizen and act according to the well accepted values of the society following government regulations and protect the environment for the benefit of the community.
Environmental protection can best be done by the efforts of
Carbon monoxide emitted by automobiles directly contributes to
Which of the following can explain the need for pollution control?
Which of the following is capable of doing maximum good to society?
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 (a).
Ethics is important for
Which of the following alone can ensure effective ethics programme in a business enterprise?
Involvement of employees in ethics programmes is essential as it is the employees at different levels who implement ethics policies to make ethical business a reality.