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So adopting social responsibility helps stabilize the environment and provides a good environment to do business. If Find Out More is to operate in a society which is full of diverse and complicated problems, it may have
(a) Little chance of success (b) Great chance of success
(c) Little chance of failure (d) No relation with success or failure
Question 3. V. The management of an individual firm can take steps for loss prevention and control. Earning profit: The prime motive of commercial activities visit this website to earn a profit. Board wants to test your indepth knowledge of the subject.

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(i) Peter F. The business units must arrange with banks, credit card agencies etc. Ethics is important for
(a) Top management (b) Middle-level managers
(c) Non-managerial employees (d) All of them
Question 10. Society is expected to shoulder such risks because they are not the fault of any particular individual. This clarity informs stakeholder engagement. Identify the step taken by the Production Manager that is related to one of the functions of management.

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Answer: In reality, social responsibility receives only lip service. e. Bring in your see this site one by one the functions of management. The company is expected to donate into the development of socially important activities and events, like sports competitions, festivals, education, art, finance the scientific projects, think about the environmental issues, etc – so that to live in the complete harmony with the environment and the human society. It is so nice study platformYour Mobile number and Email id will not be published. Need or advantages of outsourcing are :Outsourcing, in spite of various advantages has the following limitations.

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10. For example, the development of a new product may result in a large number of profits or big losses. Name any four elements of business ethics. 3. The businessman who keeps his customers satisfied by service will definitely earn good profits. Advantages of e-commerce over traditional commerce are the following:E – Business provides global market for both buyers and sellers.

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comLearn InstaRD Sharma Solutions , RS Aggarwal Solutions and NCERT SolutionsHere we are providing Business Studies Class 11 Important Extra Questions and Answers Chapter 1 Nature and Purpose of Business. 5. setAttribute( “value”, ( new Date() ). Vikrant Dhull began with the preparation of a sales forecast for the next four years. What obligation does a businessman have towards the government?
Answer: Social responsibility of business towards government’s regulatory bodies or agencies is quite sensitive from the license point of view.

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Answer:
Auxiliaries To Business/Trade: (Tertiary Activities or Aids to Trade, Business, and Industry): Activities that assist or support the trade are known as auxiliaries to business or trade. lead to loss of income or assets. 6.
Most of the Sinhala-speaking people are
(a) Buddhists
(b) Hindus
(c) Muslims
(d) ChristiansAnswer: (a) BuddhistsQuestion 36. (a) Identify the level at which Rishitosh Mukerjee was working.
Power sharing is good because:
(a) It increases the conflict between social groups
(b) It ensures the instability of political order
(c) It reduces the possibility of conflict between social groups
(d) It leads to violenceAnswer: (c) It reduces the possibility of conflict between social groupsQuestion 25.

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Proper reach of telephone lines, high speed internet and well established courier services are essential prerequisites for e-Business. For explaining this technique a few questions have been taken from previous years’ Board Question Papers. Each professional has a membership of the professional body (such as the Medical Council of India or Bar Council of India) which enforces the code of conduct among the members. These services are discussed below:
1.

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(ii) Legal ResponsibilityEvery business enterprise is expected to operate within the legal frame work of our society. Contact no. Such welfare activities help to improve the physical and mental health of workers. Examples of professionals are doctors, lawyers, accountants, engineers, etc. Fair Trade Practices: Anti-social practices include hoarding, black marketing, and adulteration. The purpose of business ethics is to guide managers and other employees in an organisation in performing their jobs in a manner that is socially acceptable.

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