Social Responsibility of Business and Business Ethics Test - 2

The business can not run without consumers.  Consumers are very important for any business.

Responsibility towards employees are

• To make available good quality goods at cheap rates
• To make goods available to the consumers at the nearest point
• To provide full information about product
• To ensure regular supply of goods 

The laws are for the betterment of the society, everyone in the society must adhere these laws. Therefore the responsibility of every business is to carry out business activities within the laws of the land.

The employees should be given special attention. If the employees are satisfied, the enterprise can achieve all round progress.

Responsibilities towards employees are

• To provide fair wages
• To provide healthy working conditions
• To provide them opportunities for promotion and development
• Giving them a share of profit
• Solve labour problems in time

The harmful wastages, gases and chemicals affect the interests of different group of people.Thus increases libility and compensation. To minimise it need for pollution control arises.

Pollution causes many diseases like heart attack, lung diseases and cancer, etc. Thus The need to control pollution arises.

Heavy wastages in production processes lead increase in cost of production. It becomes more important to check wastages and control pollution.

Some social problems like unhealthy working environment, corruption, environmental pollution etc. have been created by the business. The Businesses have the skill, human and financial resources to solve such type of social problems created by themselves.

The business takes sources i.e. factors of production from the society. In return as an economic institution, it is the responsibility of business to produce and provide goods and services according to the need of the society and earn profit also.

Ethical business improves goodwill, people's confidence and trust. Such business has helping attitude towards needy, caring for society and environment. Thus stakeholders get benefits of adopting ethics in business.

Ethical Responsibility means responsibility towards society which is expected from business firms by the society to follow social norms, moral values, etc. in all the business activities.

Thus respecting dignity, religious emotions and sentiments of employees comes under ethical responsibility.

The shareholders are the owners of the company. They have provided the capital to the company. Therefore management is responsible 

• To provide a fair return on capial invested by them 
• To ensure safety of their investment
• To provide information of grawth and expansion policies

The main cause of air pollution is harmful gases emitted by automobiles, smokesty pesand chemicals released from factories and manufacturing plants.