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Question
State with reason whether the following statement is true or false.
A business unit is a part of society.
Options
true
false
Solution
A business unit is a part of society. True
Explanation:
Society supports the existence of business units. It provides raw materials, labour and finance used by business units to produce goods and services for sale in the society. Thus, it is correct to say that a business unit is a part of society.
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RELATED QUESTIONS
Elements of Business Ethics?
Match the correct pairs.
| Group “A” | Group “B” | ||
| a. | Business ethics | 1. | Respecting rules and regulations |
| b. | Employees | 2. | Proper conduct of meeting |
| c. | Responsibility towards community |
3. | Negotiations with management |
| d. | Responsibility towards government |
4. | Pollution control |
| e. | Trade union | 5. | Good quality product |
| 6. | Help to weaker sections of society |
||
| 7. | Provide after sales services |
||
| 8. | Confidentiality | ||
| 9. | Job security | ||
| 10. | To maintain solvency and prestige |
Write short note on the following:
Elements of Business Ethics.
Answer the following question.
What is business ethics? What are the elements of business ethics?
State with reason whether the following statement is true or false.
Ethics is a branch of politics.
State with reason whether the following statement is true or false.
Business ethics are applicable to all business organizations.
What is business ethics? Mention the basic elements of business ethics?
Explain the various elements of business ethics?.
