Question

Long Answer Questions
1. Business is essentially a social institution and not merely a profit mak
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2. Why do the enterprises need to adopt pollution control measures?
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3. What steps can an enterprise take to protect the environment from the d
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4. Explain the various elements of business ethics.
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Answer 1

Answer:

• Business is mainly a social institution and not a profit-making activity since it entails a sense of social responsibility. Social responsibility refers to making decisions and performing the actions that are desirable in terms of the objectives and values of our society and business profits.

• Business enterprises need to adopt pollution control measures due to following reasons (i) Reduction of Health Hazards Pollutants in the environment can cause many diseases like cancer, heart attacks and lung complications. ... This risk of liability can be reduced by installing pollution control devices in its premises.

• work culture for environmental protection and pollution prevention. → Ensuring that commitment to environmental protection is shared throughout the enterprise by all divisions and employees.

• The various elements of business ethics are as under (i) Top Management Commitment The Chief Executive Officer (or CEO) and other higher level managers need to be openly and strongly committed to ethical conduct as top management has a crucial role in guiding the entire organization towards ethical behavior.

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