Roles of Business in Society

What is one of the roles of business in society?

• To provide entertainment

• To enhance economic security of the country

• To create art

• To reduce population

How do businesses contribute to government priorities?

• By creating laws

• By contributing to economic and social priorities

• By reducing taxes

• By eliminating competition

Which of the following is a way businesses support society?

• By providing employment

• By increasing pollution

• By monopolizing markets

• By reducing innovation

What is a financial contribution businesses make to society?

• Paying taxes to help improve infrastructure and pay for social welfare

• Hoarding profits

• Reducing wages

• Avoiding regulations

What is one of the primary roles of business in society?

• To provide goods and services at a price they are willing to pay

• To reduce consumer spending

• To eliminate competition

• To increase taxes on imports

How do businesses contribute to the government’s priorities?

• By reducing employment opportunities

• By contributing to economic and social priorities

• By avoiding taxes

• By focusing solely on profit

What is one way businesses can enhance the economic security of a country?

• By increasing competition from imported goods

• By enhancing economic security against foreign competition

• By reducing local employment

• By focusing on international markets only

What is the purpose of paying taxes according to the role of business in society?

• To increase the cost of goods

• To improve infrastructure and contribute to social welfare

• To reduce government spending

• To eliminate public services

Which of the following is a role of households in the economy?

• Provide goods and services

• Hire employees

• Consumers of UK output

• Collect taxes

What is one of the functions of the government according to the document?

• Import goods and services

• Provide health and education

• Hire employees

• Consume overseas output