Commerce Exam > Commerce Videos > Business Studies (BST) Class 11 > Business Ethics
Business Ethics Video Lecture | Business Studies (BST) Class 11 - Commerce
|
37 videos|146 docs|44 tests
|
FAQs on Business Ethics Video Lecture - Business Studies (BST) Class 11 - Commerce
| 1. What is business ethics and why is it important? |  |
Ans. Business ethics refers to the principles and values that guide the behavior and decision-making in a business context. It involves conducting business in a morally responsible manner, considering the impact on stakeholders, and adhering to legal and social obligations. It is important because it helps build trust with customers, employees, and the community, enhances the reputation of the business, and contributes to long-term sustainability and success.
| 2. How can a company promote ethical behavior among its employees? | |
Ans. A company can promote ethical behavior among its employees through various measures. Firstly, it can establish a code of ethics that outlines expected behavior and values. Additionally, regular ethics training and education programs can be conducted to raise awareness and provide guidance. Implementing a whistleblower policy can encourage employees to report unethical behavior without fear of reprisal. The company can also lead by example, with senior management demonstrating ethical behavior and providing a positive ethical culture within the organization.
| 3. What are some common ethical challenges faced by businesses today? | |
Ans. Businesses today face various ethical challenges. One common challenge is maintaining data privacy and cybersecurity, ensuring customer information is protected. Another challenge is addressing environmental sustainability and reducing the impact on the planet. Ethical challenges can also arise in areas such as fair labor practices, supply chain management, and marketing practices. Balancing the interests of different stakeholders and avoiding conflicts of interest are also ongoing challenges for businesses.
| 4. How can businesses ensure responsible and ethical use of technology? | |
Ans. To ensure responsible and ethical use of technology, businesses can adopt certain measures. They can establish clear policies and guidelines for the use of technology, specifying acceptable behavior and prohibiting unethical practices. Regular training sessions can be conducted to educate employees about the responsible use of technology and the potential ethical implications. Companies should also regularly review and update their technology policies to keep up with evolving ethical considerations and emerging technologies.
| 5. What are the consequences of unethical business practices? | |
Ans. Unethical business practices can lead to several negative consequences. Firstly, it can damage the reputation and credibility of the business, resulting in loss of customers and revenue. Legal consequences, such as fines, penalties, and lawsuits, can also be imposed on businesses found guilty of unethical practices. Unethical behavior can negatively impact employee morale and productivity, leading to high turnover rates. Additionally, unethical practices can harm the environment, communities, and society as a whole, further damaging the business's long-term sustainability.
About this Video
|
2.8K Views |
|
4.95/5 Rating |
|
Oct 25, 2024 Last updated |
Video Description: Business Ethics for Commerce 2024 is part of Business Studies (BST) Class 11 preparation.
The notes and questions for Business Ethics have been prepared according to the Commerce exam syllabus.
Information about Business Ethics covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Business Ethics.
Introduction of Business Ethics in English is available as part of our Business Studies (BST) Class 11 for Commerce & Business Ethics in
Hindi for Business Studies (BST) Class 11 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Business Ethics Video Lecture | Business Studies (BST) Class 11 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Business Studies (BST) Class 11.
Information about Business Ethics
Here you can find the meaning of Business Ethics defined & explained in the simplest way possible.
Besides explaining types of Business Ethics theory, EduRev gives you an ample number of questions to practice Business Ethics tests,
examples and also practice Commerce tests.
|
37 videos|146 docs|44 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,practice quizzes
,Business Ethics Video Lecture | Business Studies (BST) Class 11 - Commerce
,mock tests for examination
,Exam
,Business Ethics Video Lecture | Business Studies (BST) Class 11 - Commerce
,study material
,Viva Questions
,Business Ethics Video Lecture | Business Studies (BST) Class 11 - Commerce
,past year papers
,ppt
,Objective type Questions
,Summary
,Semester Notes
,Previous Year Questions with Solutions
,video lectures
,Sample Paper
,shortcuts and tricks
,Free
,Important questions
,Extra Questions
;
Study Business Ethics on the App
Students of Commerce can study Business Ethics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Business Ethics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Business Ethics is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup