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These are socially determined moral principles which govern business activities. Identify the concept.
- a)Social Skills
- b)Social Responsibility
- c)Business Ethics
- d)None of the options
Correct answer is option 'A'. Can you explain this answer?
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Social Skills:
Social skills are the abilities that individuals possess to interact and communicate effectively with others. These skills enable individuals to establish and maintain relationships, understand and respond appropriately to social cues, and navigate various social situations.
Social Responsibility:
Social responsibility refers to the ethical obligation of businesses to take into account the impact of their actions on society and the environment. It involves conducting business in a way that benefits not only the organization but also its stakeholders, such as employees, customers, communities, and the environment. Socially responsible businesses strive to balance their economic objectives with their social and environmental responsibilities.
Business Ethics:
Business ethics is a branch of ethics that deals with the moral principles and values that guide business conduct. It encompasses the study of right and wrong behavior in the business context, as well as the application of ethical principles to business activities. Business ethics involves making decisions and taking actions that are morally sound and aligned with societal norms and expectations.
Identification of the concept:
The concept described in the question is "Business Ethics." Business ethics refers to the socially determined moral principles that govern business activities. It involves understanding and adhering to ethical standards, such as honesty, integrity, fairness, and respect, in all aspects of business operations. Business ethics helps organizations establish a positive reputation, build trust with stakeholders, and contribute to the overall well-being of society.
The other options mentioned in the question, namely social skills and social responsibility, are not directly related to the concept of socially determined moral principles governing business activities. Social skills are about interpersonal abilities, while social responsibility is about the ethical obligations of businesses towards society and the environment. Therefore, the correct answer is option 'C' - Business Ethics.
Social skills are the abilities that individuals possess to interact and communicate effectively with others. These skills enable individuals to establish and maintain relationships, understand and respond appropriately to social cues, and navigate various social situations.
Social Responsibility:
Social responsibility refers to the ethical obligation of businesses to take into account the impact of their actions on society and the environment. It involves conducting business in a way that benefits not only the organization but also its stakeholders, such as employees, customers, communities, and the environment. Socially responsible businesses strive to balance their economic objectives with their social and environmental responsibilities.
Business Ethics:
Business ethics is a branch of ethics that deals with the moral principles and values that guide business conduct. It encompasses the study of right and wrong behavior in the business context, as well as the application of ethical principles to business activities. Business ethics involves making decisions and taking actions that are morally sound and aligned with societal norms and expectations.
Identification of the concept:
The concept described in the question is "Business Ethics." Business ethics refers to the socially determined moral principles that govern business activities. It involves understanding and adhering to ethical standards, such as honesty, integrity, fairness, and respect, in all aspects of business operations. Business ethics helps organizations establish a positive reputation, build trust with stakeholders, and contribute to the overall well-being of society.
The other options mentioned in the question, namely social skills and social responsibility, are not directly related to the concept of socially determined moral principles governing business activities. Social skills are about interpersonal abilities, while social responsibility is about the ethical obligations of businesses towards society and the environment. Therefore, the correct answer is option 'C' - Business Ethics.
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These are socially determined moral principles which govern business activities. Identify the concept.a)Social Skillsb)Social Responsibilityc)Business Ethicsd)None of the optionsCorrect answer is option 'A'. Can you explain this answer?
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These are socially determined moral principles which govern business activities. Identify the concept.a)Social Skillsb)Social Responsibilityc)Business Ethicsd)None of the optionsCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about These are socially determined moral principles which govern business activities. Identify the concept.a)Social Skillsb)Social Responsibilityc)Business Ethicsd)None of the optionsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for These are socially determined moral principles which govern business activities. Identify the concept.a)Social Skillsb)Social Responsibilityc)Business Ethicsd)None of the optionsCorrect answer is option 'A'. Can you explain this answer?.
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