Social Responsibility of Business and Business Ethics Test - 4

Water gets polluted by releasing highly toxic things and dumping dirty waste laden water in the clean river water by different factories and manufacturing units.

Cause of ozone layer depletion is human activity, specifically, human-made chemicals that contain chlorine or bromine. Factories and manufacturing units emits harmful gases, smoke and chemicals which cause air pollution.

Code of an organisation guides the employees, managers, sharehoders and organisation itself about the behaviour in specific situations.  It covers area

Fair employment practices

Conflicts among different stakeholders

Product quality

Product safety and security

Honesty

Adherence to laws etc.

The ill society endangers the survival of the business.  Better business environment maximises the profits, growth and development of business. Hence the business should try to solve social problems.

Some factories and vehicles produce a lot of noise.  People living in a noise polluted area fall victim to many diseases like defness, violent behaviour, mental disorder, etc.

Noise checking instruments should be installed to check noise pollution.

At present both social and business interests are considered complementary to each other.

For long term interest of the business, the belief of exploitation of society for growth has changed.

Business also now considered essential element of modern society and helping to solve maximum of the social problems.

The discretionary responsibility is the purely voluntary obligation.  The business organisation is not bound to these obligations yet these affect  business organisations.  The donations for chatitable purposes comes under discretionery responsibility.

Land pollution is caused by dumping of toxic wastages on land. It changes the physical, chemical and biological characteristics of land and deteriorates the quality of land make it unfit for cultivation.

Responsibility towards community

It should behave as a good citizen and should act according to the well accepted values of the society.

Not to create pollution

To respect the laws of the country

To contribute to the raising of standard of living 

Social Responsibility refers to the obligations of the business to take those decisions and to perform those actions which are considered desirable in respect of objectives and values of the society whereas Legal responsibility is a type of social responsibility where business is required to carry out business activities within the laws. Thus social responsibility is broader term.

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.

Effects of noise pollution

Loss of hearing

Malfunctioning of the heart

Mental disorder 

Violent behaviour, etc.

Ethical businesses lay down the codes of conduct to be followed by all the employees. i.e.

Making timely payment to suppliers

Adherence to laws

Product safety and quality

Conflicts of stakeholders, etc.

All are responsible

Government should  pass many Acts to check the problem of pollution.

Scientists should devise new methods and machines to check pollution

Business People should apply new methods and techniques to prevent pollution

The smoke, effuents and other waste released from the industries pollute the environment and hence affects the health of the people. It is necessary to control pollution to preserve and improve the quality of environment, to provide benefits to mankind.

Ethics means the ideals which one follows in life. These are the principles that defines what is right and what is wrong in human behaviour from the point of view of public welfare. Ethics can be related with various fields like law, business, medical etc.

The employees should involve because they will implement the policies.

Suitable mechanism should be established so that it may ensure proper execution of plans and their feedback.

The codes will cover honesty, conflicts, safety and security and adherence to law etc.

Ethics has been derived from Greek Word "ethics" which means ideals, values and norms prevailing in a society.

The injection of harmful gases such as corbon monoxide emitted from automobiles, smoke and chemichal from factories etc. reduce the quality of air. Thus cause air pollution.

The business organisations should adhere laws created by government for development of the country.

Responsibilities towards government are

To pay taxes regularly and honestly

To observe rules laid down by the government 

Helping government by establishing new industries

Bisiness ethics refers to socially determined moral principles which govern business activities.

Examples of business ethics 

Giving enough dividend to shareholders

Making good quality product

Timely payments to suppliers

Healthy competition

Observing government laws etc.