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What are the ethical and social responsibilities of businesses?
Wiki User
∙ 17y ago
Businesses need to produce safe products and pay their employees market place wages and salaries. They need to follow government regulations and fix any problems in their products without delay. They must also, if they have shareholders report accurate eranings, and pay proper taxes. Also, they should contribute to charities. A business that follows these practices will help the community, its employees and its own image as a responsible company.
Wiki User
∙ 9y ago
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What are social responsibilities?
Social responsibilities refer to an obligation that individuals or businesses have to solve social problems.
What are the four components of social responsibility?
economic, legal, ethical, philanthropic responsibilities
What is meant by a social obligation in business?
Social obligation is the requirement that businesses act with the community in mind. Many businesses are mindful of their social responsibilities in their operations.
How would you describe responsibilities?
Closely related to ethical codes are responsibilities that economic enterprises have to society. This is known as social responsibility.
Corporate social responsibility consists of which four kinds of responsibilities?
Corporate social responsibility (CSR) consists of which four kinds of responsibilities: a) Economic, ethical, societal, and altruistic b) Economic, legal, ethical, and altruistic c) Fiscal, legal, societal, and philanthropic d) Economic, legal, ethical, and philanthropic
What Minimal responsibility primarily involves?
fulfilling social responsibilities including legal and ethical guidelines.
What are the ethical responsibilities of a panda?
Pandas are animals. They don't have ethical responsibilities. People have ethical responsibilities. Unless, it's the mother panda Instinctively caring for her young, animals do not have ethical responsibilities, the way people do.
What 3 examples of how businesses address their social responsibility function?
Social responsibility is a way for businesses to ensure they are following the laws and ethical standards set by consumers, lawmakers, and stockholders. Three examples of addressing social responsibility include environmental sustainability, community involvement, and ethical marketing practices.
Explain the difficulties associated with telling businesses that its ethical responsibilities end with obedience to the law Justify your response with a related example?
businesses think that being morally correct is enough
International issues of social responsibilities and ethical behavior?
Some international issues and ethical behaviors is learning to adapt and obey the laws in other parts of the world.
What is the relevance of community relations in public relations?
All kinds of businesses need to face many Social Responsibilities which at times get difficult for businesses to handle properly. PR helps businesses to follow and maintain well such responsibilities with ease and convenience.
What are three of the many shared ethical standards among businesses?
Social responsibility, fair pricing, truth in advertising
