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Question
State any two expectations of the Government from a business concern.
Solution
The expectations of the Government from a business concern are:
- To follow the laws and regulations of the country.
- To pay all taxes honestly, regularly and in time.
- To avoid corrupting public servants.
- To make proper use of scarce resources of the nation.
- To assist in solving national problems like poverty, unemployment, unbalanced regional growth, etc.
- To avoid monopoly and concentration of economic power.
RELATED QUESTIONS
______ expect the business organization to follow the laws and regulations of the country.
Mention any two expectations of Employees.
Which of the following are expectations of employees to the organisations?
To help the weaker sections of society by giving them preference in employment, to respect human rights including rights of women and children etc. are expectations of ______.
Safety of capital of contributed is an expectation of ______.
Which of the following are the two expectations of government from a business organisation?
Which of the following are the expectations of competitive competitors?
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Employees | i | Regular orders for supply |
| (b) | Government | ii | Protection of trade union rights |
| (c) | Society | iii | Protection of environment from pollution |
| (d) | Suppliers | iv | Avoid corrupting public servants |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Owners | i | May make decisions which affect the business |
| (b) | Suppliers | ii | Want product at good prices |
| (c) | Customers | iii | Want business to grow and make profits |
| (d) | Manager | iv | May increase their prices |
Match the Column I and Column II:
| Column - I | Column - II | ||
| (a) | Suppliers | i | Contribution of business to the local economy |
| (b) | Employees | ii | Provide capital |
| (C) | Shareholders | iii | Provide physical and mental efforts |
| (d) | General public | iv | Provide raw materials to the firm |
