Social responsibility and Business ethics chp6

Which of the following best describes “Business Ethics”?

• Doing business according to moral values

• Making as much money as possible

• Avoiding competition

• Reducing product quality

which of the following is NOT a social responsibility?

• Ethical responsibility

• Legal responsibility

• Professional responsibiltiy

• Economical responsibility

which element of business ethics covers areas areas such as fundamental honesty and adherence to laws

• publication of a 'code'

• Top management commitment

• Improved public image

• Involving all employees at all levels

Legal responsibility is broader than social responsibility

• TRUE

• FALSE

Which of the following is an example of ethical responsibility in business?

• Maximizing shareholder profits

• Ensuring fair labor practices

• Following industry regulations

• Paying taxes on time

Which of the following is an argument against social responsibility?

• Better environment for business

• Avoidance of government regulation

• Lack of social skills

• avoidance of government regulation

Social responsibility is primarily concerned with the impact of business decisions on:

• Shareholders

• Competitors

• Society at large

• Employees

A socially responsible business does not:

• Avoid harming the environment

• Pay taxes honestly

• Produce safe products

• Exploit labour

It is the responsibility of businesses to take steps to check all sorts of pollution but also to protect ________

the main source of pollution is