Q. What do you mean by
ecology?
Ans. Ecology is concerned
with the relationship of living beings with their natural or physical
environment. It provides a framework by which we can see that all living things
are related to other living things.
Q. Mention all the human
rights
Ans. There are seven human
rights: -
1) The right to eat well
2) The right to drink pure water
3) The right to decent, uncrowded shelter
4) The right to enjoy natural beauty
5) The right to avoid pesticide poisoning
6) The right to freedom from thermo nuclear war
7) The right to limit families
Q. Give
some examples of business ethics.
Ans. A few examples of
ethical business practices are: -
1) To charge fair prices from the customers.
2) To use fair weights for measurement of commodities.
3) To pay taxes to the Government honestly.
4) To charge reasonable profits from the customers.
5) To ensure genuine and safe products for the public.
6) To give fair treatment to the workers.
Q. State the concept of
social responsibility.
Ans. Social responsibility
means the obligation of business to act in a manner, which will serve the best
interests of the society. Social obligation of a business relates to the
voluntary efforts on the part of businessmen to contribute to the social
well-being that goes beyond the production of goods and services at a profit.
AS per the social responsibility concept,
corporations relate to society through more than just the market place and
serve a wider range of human values than the traditional economic values of the
market.
Q. What are human
rights?
Ans. Rights refer to the
rights relating to life, liberty, equality and autonomy of the individuals in
the free pursuit of their interests, guaranteed by the constitution and
enforceable by courts in India. Such rights have universal acceptance and not
just the constitutional.
Q. What do you mean by
business ethics?
Ans. Business ethics is an
act, decision or behavior that is in agreement with the prevailing norms of the
society. Every business is expected to carry its operations in an ethical
manner. It is different from law. Ethics means the business practices which are
desirable from the point of view of the society.
For instance, business malpractices such as adulteration,
hoarding, black-marketing etc. are not desirable from the point of view of the
society and so are termed as unethical.
Q. State the
responsibilities of business towards owners or investors.
Ans. The responsibilities
of business towards the owners or shareholders are as follows: -
1) To ensure a fair and regular
return on the investment of owners or shareholders.
2) To ensure safety of invested
funds.
3) To strengthen financial
position of the company so as to ensure capital appreciation.
4) To keep the owners well
informed about the progress and financial position of the company.
5) To safeguard the assets of the
business.
6) To protect the interest of all
types of investors in the business.
Q. State the arguments in
Favour of social responsibility.
Ans. Arguments in Favour of
social responsibility:
1) Business is a creation of society and it uses society’s
resources. So business is responsible to the society.
2) It is in the long-term self-interest of the business to assume
social responsibilities.
3) Scope for government interference in business will get reduced
if the business follows socially responsible policies.
4) There is moral justification to fulfill social obligations of
the business.
5) Public image of the business would improve if it fulfills its
social obligations.
Q. Define the role of
businesses in environment protection.
Ans. Business houses should
take the following steps to protect environment:
(1) Eco friendly and low waste technology should be used by the
industrial organisations.
(2) Industrial waste should be recycled as far as possible.
(3) There should be scientific treatment of all emissions before
they are released into the environment.
(4)Plant and machinery should be
modernised to minimise pollution.
(5)The business houses should co-operate with the public
authorities in their programmes organised for environmental protection
