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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
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 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
पाठ 6 Social Responsibilities of Business
Exercise | Q 5. 7) | पृष्ठ १३१

संबंधित प्रश्‍न

Write a word or phrase or a term which can substitute  the following.
A set of principles of right conduct.


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Rules of standards dealing with morality in business environment.


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An element of business ethic in which opinions and feedbacks from clients are considered.


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.


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


Feature/Nature/Characteristics of Business Ethics?


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


Choose the correct option for the following: Ethics is important for


The term ‘Ethics’ is derived from the ______ word ‘Ethos’ which means character.


State whether the following statement is true or false:

Business ethics is a code of conduct.


Business organisation can maximize profitability by ______ wastage.


Correct the underlined word and rewrite the sentence.

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


Choose the Correct Answer.

Which of the following does not ensure effective ethical practices in a business enterprise.


Choose the Correct Answer.

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


What is ethics?


What do you mean by the concept of business ethics?


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