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Question
Which of the following are the two expectations of government from a business organisation?
Options
Not to pay all taxes honestly, regularly and in time
To avoid corrupting public servants
To make proper use of scarce resources of the nation
Protection of trade union rights
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Solution
To avoid corrupting public servants and To make proper use of scarce resources of the nation
Explanation:
The government expects businesses to operate ethically, refrain from corrupt practices, and utilize the nation's scarce resources efficiently to promote sustainable development and economic growth.
RELATED QUESTIONS
State any two expectations of employers from a commercial organisation.
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ______.
Safety of capital of contributed is an expectation of ______.
Every stakeholder group expects something from a business organisation. Which of the following are the two expectations of suppliers?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Employees | i | Regular orders for supply |
| (b) | Government | ii | Protection of trade union rights |
| (c) | Society | iii | Protection of environment from pollution |
| (d) | Suppliers | iv | Avoid corrupting public servants |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (C) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | i |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (c) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | Provide raw materials to the firm |
State any two expectations of the general public from a business organisation.
Give any five expectations of employees from a business enterprise.
Explain the conflicting needs of the stakeholders of a company.
