Worksheet on Business Class XI Chapter Social Responsibility of Business and Business Ethics

 Worksheet on Social Responsibility of Business and Business Ethics

1. How can a business protect its own interest by fulfilling its social responsibility? 

2. According to Henry Fayol, "The purpose of business is not only earning profit but also discharging responsibilities towards the society." In context to the above statement, state any three social responsibilities of a business.

3. Identify the concept which considers what is right and what is wrong in the field of business. Also, state the elements of the above identified concept.

4. Mr Ajay, owner of Fresh Flowers realises that supply of right quality and quantity of goods and services at reasonable price is a very important responsibility of an enterprise. He ensures implementation of the same in his business. Towards which group of society Mr Ajay is full feeling has social responsibility?

5. Harsh runs a factory in the city. His factory is causing air, water and noise pollution. What advice will you give him regarding keeping the environment free from pollution?

6. Business Enterprises with effective ethics programmes do define the principles of behaviour for the whole organisation in the form of written documents. Identify the element of business ethics mentioned in the given statement.

7. Deepak runs a real estate brokerage firm. He believes that the only objective of business is to earn profits. To accomplish the above objective, he often defrauds his customers. Some of the common business practices followed by him include selling the same plot to more than one person, quoting exorbitant prices for plots of land to increase his commission, selling land on the basis of fake papers etc. All these practices, though profitable in the short run, have now started to backfire. Deepak is facing a number of litigations and his profits are also falling. Advise Deepak, why being socially responsible is important for a business.