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Question
State with reason whether the following statement is true or false.
Providing career opportunities to employees is the responsibility of business.
Options
True
False
Solution
Providing career opportunities to employee is the responsibility of business. True
Explanation:
It is the ethical responsibility of business units to provide opportunities for the promotion and development of employees. This motivates the employees to work hard. Employees should be provided with information on qualification, skills and experience required to get higher positions
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| Group “A” | Group “B” | ||
| a. | Responsibility to owners |
1 | Good working condition |
| b. | Consumers | 2 | Branch of philosophy |
| c. | Responsibility to investors |
3 | To serve society |
| d. | Economics objective | 4 | To help small scale industry |
| e. | Business ethics | 5 | Earning foreign exchange |
| 6 | Creating goodwill | ||
| 7 | Branch of social science | ||
| 8 | To earn profit | ||
| 9 | To maintain transparency |
||
| 10 | Good quality product |
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