Chapter 6 Flashcards

Social responsibilities of business and business ethics

1
Q

Examples of undesirable business activities

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2
Q

Examples of desirable business activities

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3
Q

What is more than legal responsibility

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4
Q

Points for arguments for social responsibilities

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  • 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
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5
Q

Arguments for social responsibilities - justification for existence and growth

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5
Q

Arguments for social responsibilities - long term interest of the firm

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5
Q

Arguments for social responsibilities - Avoidance of government regulation

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5
Q

Arguments for social responsibilities - Maintenace of society

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6
Q

Arguments for social responsibilities - Availability of resources with business

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7
Q

Arguments for social responsibilities - Converting problems into opportunities

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8
Q

Arguments for social responsibilities - better environemnt for doing business

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9
Q

Arguments for social responsibilities - holding business responsible for social problems

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10
Q

Points for arguments against social responsibility

A
  • violation of profit maximisation objective
  • burden on consumers
  • lack of social skills
  • lack of broad public support
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11
Q

Arguments against social responsibility - violation of profit maximisation objective

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12
Q

Arguments against social responsibility - burden on consumers

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13
Q

Arguments against social responsibility - lack of social skills

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14
Q

Arguments against social responsibility - lack of broad public support

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15
Q

Points for Reality of social responsibility

A
  • 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
15
Q

Reality of social responsibility - Threat of public regulation

15
Q

Reality of social responsibility - Pressure of labour movement

16
Q

Reality of social responsibility - Pressure of labour movement

16
Q

Reality of social responsibility - Development of social standard of business

17
Q

Reality of social responsibility - Development of business education

18
Q

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

19
Reality of social responsibility - Development of professional, mangerial class
20
Types of social responsibility - economic
20
Points for kinds of social responsibility
- Economic responsibility - Legal responsibilities - Ethical responsibility - Discretionary responsibility
20
Types of social responsibility - ethical
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Types of social responsibility - legal
21
Types of social responsibility - discretionary
22
Points for social responsibilities towards different interest groups
- shareholders and owners - workers - consumers - government and company
23
Social responsibilities towards different interest groups - shareholders or owners
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Social responsibilities towards different interest groups - workers
23
Social responsibilities towards different interest groups - consumers
24
Social responsibilities towards different interest groups - government and community
25
Points for causes of pollution
- Air pollution - Water pollution - Land pollution - Noise pollution
25
causes of pollution - Land
25
What business activities are known to be the most critical sources of environemntal pollution problems
25
causes of pollution - Noise
26
causes of pollution - Air
27
causes of pollution - Water
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