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Justify the following statement. Business ethics can be considered as a tool for social development. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement.

Business ethics can be considered as a tool for social development.

औचित्य
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उत्तर

  1. Business ethics is a code of conduct that evolved for regulating the activities of business towards society and others.
  2. It calls for the importance of fair treatment to be given to the consumers, workers, suppliers, shareholders, competitors, government, and the community at large. Business ethics promote the principles of honesty, sincerity, fairness, justice in business dealings.
  3. It protects the interests of all the constituents of society. It creates a healthy and competitive business atmosphere. It induces businessmen to introduce social security and welfare measures.
  4. The businessmen promote activities enhancing the cultural values of the society. Thus, business ethics, if practiced by businessmen in the right spirit, can be considered as a tool for social development.
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Business Ethics
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३१]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 5. 7) | पृष्ठ १३१

संबंधित प्रश्न

Businessmen are ______ of the society.


Write a word or phrase or a term which can substitute  the following.
Corporate ethics which is a form of applied ethics.


Write a word or phrase or a term which can substitute the following.
The critical, structured examination of how people and institutions behave in the world of commerce.


Write short note on the following.
Features of business ethics.


Answer the following question.
State concept of business ethics in details.


Choose the correct option for the following:
Which of the following is capable of doing maximum good to society?


Business ethics refers to the ______ system of principles.


Give one word/phrase/term for the following sentence.

Rules of standard dealing with morality in the business environment.


Give one word or phrase or a term which can substitute the following.

An activity motivated by profit.


Business organisation can maximize profitability by ______ wastage.


The word 'Ethics' is derived from the Greek word ______.


Answer in one sentence.

Who can raise voice against business malpractices?


Correct the underlined word and rewrite the sentence.

Financial help should be provided by business organizations for anti-social activities.


Correct the underlined word and rewrite the sentence.

Business ethics is not a relative term.


Describe the features of business ethics.


Choose the Correct Answer.

The ethical conduct of employees leading to standard practices results in ______


What do you mean by the concept of business ethics?


Why is ethics necessary in business?


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