Question 1

Which of the following word refers to 'doing business with your grandchildren's interests at heart'?

Accepted Answer

Sustainability is the concept of conducting operations in a manner that balances current resource use with the needs of future generations, which aligns with the idea of doing business with your grandchildren's interests at heart.

Question 2

Which is the element of business ethics?

Accepted Answer

Business ethics encompasses discipline, the art and science of ethical decision-making, and good intentions, making all of the above elements of it.

Question 3

'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said??

Accepted Answer

H R Bowen is known for his work on corporate social responsibility and is often credited with defining the concept in the context of business and society.

Question 4

Which is the principle of corporate responsibility?

Accepted Answer

The principle of corporate responsibility encompasses the trusteeship principle, the principle of stewardship, and the principle of charity. These principles guide corporations in acting responsibly towards their stakeholders and society at large, emphasizing the importance of managing resources and operations in a way that is ethical, sustainable, and beneficial to the community.

Quiz 2: Business Ethics and Corporate Responsibility

Which of the following word refers to 'doing business with your grandchildren's interests at heart'?

Which is the element of business ethics?

'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said??

Which is the principle of corporate responsibility?