Business Studies

State as to why a business should behave ethically?


ANSWER

To keep its commitment to society to act ethically.


SOLUTION
 There is a kind of social contract between the society and business by which the society expects the business to work in its interest. Society creates and accepts business enterprises, hence it expects them to work in a manner which is not detrimental to its well being and interests. Technological advancements have to be made but their impact on the environment and mankind has he kept in mind. 
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which one of the following is not the primary element of a strong organizational compliance program?
  • A. A written code of conduct
  • B. An ethics officer
  • C. Significant financial expenditures
  • D. A formal ethics training program

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Attempt the following question:
State the social responsibilities of business organization towards government.

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
An organization has to behave ethically because it has to exist in the competitive environment.
  • A. False
  • B. True
  • C. Partly true
  • D. None of above

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Ethics refers to a _______ that guides an individual while dealing with others.
  • A. code
  • B. conduct
  • C. code of conduct
  • D. rules of conduct

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The end of cold was brought a concept before media and business firms it was____________ .
  • A. Business Communication
  • B. Business Ethics
  • C. Business Strategy
  • D. None of the above

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer