Chapter 6

Question 1

Examples of undesirable business activities

Question 2

Examples of desirable business activities

Question 3

What is more than legal responsibility

Question 4

Points for arguments for social responsibilities

Answer 4

• justification for existence and growth
• long term interest of the firm
• Avoidance of government regulation
• Maintenace of society
• Availability of resources with business
• Converting problems into opportunities
• better environemnt for doing business
• holding business responsible for social problems

Question 5

Arguments for social responsibilities - justification for existence and growth

Question 5

Arguments for social responsibilities - long term interest of the firm

Question 5

Arguments for social responsibilities - Avoidance of government regulation

Question 5

Arguments for social responsibilities - Maintenace of society

Question 6

Arguments for social responsibilities - Availability of resources with business

Question 7

Arguments for social responsibilities - Converting problems into opportunities

Question 8

Arguments for social responsibilities - better environemnt for doing business

Question 9

Arguments for social responsibilities - holding business responsible for social problems

Question 10

Points for arguments against social responsibility

Answer 10

• violation of profit maximisation objective
• burden on consumers
• lack of social skills
• lack of broad public support

Question 11

Arguments against social responsibility - violation of profit maximisation objective

Question 12

Arguments against social responsibility - burden on consumers

Question 13

Arguments against social responsibility - lack of social skills

Question 14

Arguments against social responsibility - lack of broad public support

Question 15

Points for Reality of social responsibility

Answer 15

• Threat of public regulation
• Pressure of labour movement
• Impact of consumer consciousness
• Development of social standard of business
• Development of business education
• Relationship between social interest and business interest
• Development of professional, mangerial class

Question 15

Reality of social responsibility - Threat of public regulation

Question 15

Reality of social responsibility - Pressure of labour movement

Question 16

Reality of social responsibility - Pressure of labour movement

Question 16

Reality of social responsibility - Development of social standard of business

Question 17

Reality of social responsibility - Development of business education

Question 18

Reality of social responsibility - Relationship between social interest and business interest

Question 19

Reality of social responsibility - Development of professional, mangerial class

Question 20

Types of social responsibility - economic

Question 20

Points for kinds of social responsibility

Answer 20

• Economic responsibility
• Legal responsibilities
• Ethical responsibility
• Discretionary responsibility

Question 20

Types of social responsibility - ethical

Question 20

Types of social responsibility - legal

Question 21

Types of social responsibility - discretionary

Question 22

Points for social responsibilities towards different interest groups

Answer 22

• shareholders and owners
• workers
• consumers
• government and company

Question 23

Social responsibilities towards different interest groups - shareholders or owners

Question 23

Social responsibilities towards different interest groups - workers

Question 23

Social responsibilities towards different interest groups - consumers

Question 24

Social responsibilities towards different interest groups - government and community

Question 25

Points for causes of pollution

Answer 25

• Air pollution
• Water pollution
• Land pollution
• Noise pollution

Question 25

causes of pollution - Land

Question 25

What business activities are known to be the most critical sources of environemntal pollution problems

Question 25

causes of pollution - Noise

Question 26

causes of pollution - Air

Question 27

causes of pollution - Water