Social Responsibility

Which of the following is NOT a element for the need of responsibility in business ?

• Public Image

• Globalization

• Ethics

• Moral Obligations

______ refers to the socially determined moral principles which should govern business activities.

• Ethics

• Laws

• Business Ethics

• Ethical codes of conduct

An organization must behave as a good citizen. This is an example of the responsibility towards _____ (+2:)

• Owners

• Government

• Customers

• Society

Responsibility of the company-management to safeguard the capital investment by avoiding speculative activities and undertaking only healthy business ventures which gives good returns on investments refers to _______

social responsibility.

STATEMENT 1: Social responsibility involves an element of involuntary

action on the part of business people for the benefit of society.

STATEMENT 2: Social Responsibility of business refers to its obligations to take those decisions and perform those actions which are desirable in terms of the objectives and values of our society.

• Both statements are true

• Both statements are false

• Statement 1 is true, Statement 2 is false

• Statement 1 is false, Statement 2 is true

The authority "National Wastelands Development Board" was set up for

• a) Reducing Land Pollution

• b) Environmental Protection

• Both a) and b)

• None of the above

Business Ethics is not related to Law.

• True

• False

STATEMENT 1: Ethical business is good business.

STATEMENT 2: Ethics alone, and not government and laws, can make a great society.

• Both statements are True

• Both statements are False

• Statement 1 is True, Statement 2 is False

• Statement 2 is True, Statement 1 is False

The top management of JM Ltd. formed a small group of employees to discuss the important ethic policies of firms and examine attitudes of employees towards theses policies. Which of the following elements of business ethics is highlighted above ? (+2:)

• Publication of "Ethics"

• Involving employees at all levels

• Top Management Commitment

• Establishment of Compliance Mechanism

Ethical Behaviors go beyond _____

• fair conduct

• laws and regulations

• particular values

• behaviors