Business & Social Responsibility

What is the main idea of Henry Ford's quote: 'A business that makes nothing but money is a poor business'?

• Businesses should focus solely on profit.

• Businesses should also contribute to society.

• Making money is the only goal of a business.

• Businesses should avoid making money.

Fill in the blank: According to Henry Ford, a business that makes nothing but money is considered a ______ business.

• successful

• poor

• thriving

• innovative

What does 'Business Responsibility' include apart from following laws?

• Only legal compliance

• Responsibilities to society

• Increasing profits

• None of the above.

Fill in the blank: Business responsibility can include ________ to society.

• obligations

• profits

• losses

• taxes

What is one reason why businesses should feel a social responsibility to society?

• To increase profits

• Because many consumers think they should

• To reduce costs

• To avoid taxes

An increasing amount of consumers feel businesses should hold their actions accountable not only to the society but to the ________ as well.

• government

• shareholders

• environment

• competitors

Which of the following is an aspect of social responsibility?

• A) Air and water pollution

• B) Space exploration

• C) Digital marketing

• D) Urban development

Fill in the blank: One of the aspects of social responsibility is ________ and recycling.

• A) Conservation

• B) Innovation

• C) Expansion

• D) Consumption

What is the purpose of the laws enforced by the Environmental Protection Agency (EPA)?

• To ensure companies can harm the environment

• To ensure companies cannot harm the environment

• To promote the use of pesticides

• To reduce automobile production.

The Clean Air Act, intensified in 1990, required all automobile makers to modify engines to meet higher ______ standards.

• emission

• safety

• fuel

• noise