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It is the obligation of the business to take those decisions and to perform those actions which are expected in respect of the values and norms of the society. Identify the concept.
- a)Social Ethics
- b)None of the options
- c)Social Skills
- d)Social Responsibility
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
It is the obligation of the business to take those decisions and to pe...
The concept being discussed in the given statement is "Social Responsibility". This concept implies that businesses have a moral obligation to make decisions and take actions that align with the values and norms of society. Here is a detailed explanation:
Social Responsibility:
- Businesses are expected to consider the impact of their decisions and actions on society as a whole.
- They should prioritize the well-being of the community, environment, and stakeholders.
- Social responsibility involves acting ethically, being accountable for the consequences of business operations, and contributing positively to society.
- It goes beyond legal requirements and encompasses voluntary initiatives taken by businesses to address social and environmental issues.
- Socially responsible businesses may engage in activities such as philanthropy, sustainability practices, fair labor policies, and community development initiatives.
The given statement highlights the responsibility of businesses to align their decisions and actions with the values and norms of society, thus indicating the concept of social responsibility.
Most Upvoted Answer
It is the obligation of the business to take those decisions and to pe...
Ethics are the set of moral principles that guide a person’s behavior. These morals are shaped by social norms, values, cultural practices, and religious influences. Business ethics and corporate ethics are often used to describe the application of ethical values to business activities. Hence, the correct answer is Business Ethics
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It is the obligation of the business to take those decisions and to perform those actions which are expected in respect of the values and norms of the society. Identify the concept.a)Social Ethicsb)None of the optionsc)Social Skillsd)Social ResponsibilityCorrect answer is option 'A'. Can you explain this answer?
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