Chapter 6 Flashcards
Social responsibilities of business and business ethics
Examples of undesirable business activities
Examples of desirable business activities
What is more than legal responsibility
Points for arguments for social responsibilities
- 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
Arguments for social responsibilities - justification for existence and growth
Arguments for social responsibilities - long term interest of the firm
Arguments for social responsibilities - Avoidance of government regulation
Arguments for social responsibilities - Maintenace of society
Arguments for social responsibilities - Availability of resources with business
Arguments for social responsibilities - Converting problems into opportunities
Arguments for social responsibilities - better environemnt for doing business
Arguments for social responsibilities - holding business responsible for social problems
Points for arguments against social responsibility
- violation of profit maximisation objective
- burden on consumers
- lack of social skills
- lack of broad public support
Arguments against social responsibility - violation of profit maximisation objective
Arguments against social responsibility - burden on consumers
Arguments against social responsibility - lack of social skills
Arguments against social responsibility - lack of broad public support
Points for Reality of social responsibility
- 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
Reality of social responsibility - Threat of public regulation
Reality of social responsibility - Pressure of labour movement
Reality of social responsibility - Pressure of labour movement
Reality of social responsibility - Development of social standard of business
Reality of social responsibility - Development of business education
Reality of social responsibility - Relationship between social interest and business interest
Reality of social responsibility - Development of professional, mangerial class
Types of social responsibility - economic
Points for kinds of social responsibility
- Economic responsibility
- Legal responsibilities
- Ethical responsibility
- Discretionary responsibility
Types of social responsibility - ethical
Types of social responsibility - legal
Types of social responsibility - discretionary
Points for social responsibilities towards different interest groups
- shareholders and owners
- workers
- consumers
- government and company
Social responsibilities towards different interest groups - shareholders or owners
Social responsibilities towards different interest groups - workers
Social responsibilities towards different interest groups - consumers
Social responsibilities towards different interest groups - government and community
Points for causes of pollution
- Air pollution
- Water pollution
- Land pollution
- Noise pollution
causes of pollution - Land
What business activities are known to be the most critical sources of environemntal pollution problems
causes of pollution - Noise
causes of pollution - Air
causes of pollution - Water
