Responsibility Of Business

Question 1

• Obligation to make profits for shareholders.
• Expectation of ethical and moral behavior.
• Investors protected by regulation by the Securities and Exchange Commission and state regulations.

Answer 1

Responsibilities to Investors & financial Community

Question 2

• Prompt payment for delivered goods
• Regular orders w/ acceptable profit margin

Answer 2

Responsibilities to suppliers/vendor partners

Question 3

• Principal and interest payments
• Repayment of debt according to the agreed schedule

Answer 3

Responsibilities to Creditors

Question 4

• Accurate deliveries of products on time
• Products at a reasonable cost
• Safe and reliable products

Answer 4

Responsibilities to retailers/wholesalers

Question 5

Responsibilities to Government

Answer 5

• Tax revenue
• Operation in compliance with all relevant legislations

Question 6

The actions of an organization that are targeted toward achieving a social benefit over and above maximizing profits for its shareholders and meeting all its obligations

Answer 6

Corporate Social Responsibilities

Question 7

It is a shared pattern of beliefs, expectations and meanings that influence and guide the thinking & behaviors of the members of that organization

Answer 7

Corporate Social Responsibilities

Question 8

Components of CSR (Corporate Social Responsibilities)

Answer 8

1. Economic Responsibilities
2. Legal Responsibilities
3. Eilsual Responsibilitie
4. Discretionary Responsibilities

Question 9

Are moral principles that guide the conduct of individual

Answer 9

ETHICS

Question 10

Business Ethics

Answer 10

• Are moral principles that guide the way a business behave.

• Acting in ethical way involves distinguishing between “right” and “wrong” & then making the “right” choice.