Advertisements
Advertisements
प्रश्न
Justify the following statement.
Business ethics contains moral and social values for doing business.
Advertisements
उत्तर
- Business Ethics refers to the code of conduct that a business organization is expected to follow while doing business. According to "Wheeler', "Business ethics is an art or science of maintaining a harmonious relationship with society, its various groups, and institutions as well as recognizing the moral responsibility for right or wrong conduct of business.' "
- Moral values are based on perceptions of right and wrong. They provide the general guidelines for distinguishing between wrong and right path of business, between good and bad, fair and unfair, just and unjust, legal and illegal, proper and improper in respect to human actions. Ethics contain moral values for doing business, Honesty, transparency, fairness, integrity, etc. are moral values that create goodwill and gives an economic gain in the long run.
- Social values form an important part of the culture of the society. They provide general guidelines for social conduct. Values such as fundamental rights, patriotism, respect for human dignity, rationality, sacrifice, equality, democracy, etc. influence our behavior in many ways. These social values made the business socially acceptable. As business is a part of society, it can be successful in the long run by adopting social values.
APPEARS IN
संबंधित प्रश्न
State Whether the Following Statement Are True Or False (Give Reason)
Business ethics is not applicable to all business organizations.
Write a word or phrase or a term which can substitute the following.
A set of principles of right conduct.
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.
Feature/Nature/Characteristics of Business Ethics?
'Business is essentially a social institution and not merely a profit making activity'. Explain.
The term ‘Ethics’ is derived from the ______ word ‘Ethos’ which means character.
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.
State whether the following statement is true or false:
Business ethics is a code of conduct.
Business organisation can maximize profitability by ______ wastage.
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.
Explain the following term/concept.
Social values
Justify the following statement.
Business ethics can be considered as a tool for social development.
Choose the Correct Answer.
The ethical conduct of employees leading to standard practices results in ______
What is ethics?
What do you mean by code?
What do you mean by the concept of business ethics?
Why is ethics necessary in business?
