Role of Commerce in Societal development

Contents

#1. Social responsibility in commerce refers to:

Maximizing profits at any cost

-Ignoring the impact on communities

Avoiding legal obligations

Balancing economic goals with ethical and social considerations

#2. Social capital in commerce refers to:

Financial assets

Exploitative practices

Relationships and networks that contribute to societal well-being

Ignoring community connections

#3. The fair treatment of employees, customers, and other stakeholders is a key aspect of:

Environmental degradation

Unethical business practices

Profit maximization

Social responsibility

#4. The concept of "shared value" in commerce emphasizes:

Balancing economic goals with societal benefits

Maximizing profits for shareholders

Exploiting consumers

Ignoring social issues

#5. The concept of "social license to operate" in commerce refers to:

Ignoring community needs

Disregarding ethical considerations

Businesses' ongoing acceptance and approval by the community

Exploitative business practices

#6. Community development initiatives by businesses aim to:

Exacerbate social issues

Ignore local needs

Improve the well-being of the community

Exploit natural resources

#7. In commerce, what does the term "societal well-being" encompass?

Narrow economic indicators

Ignoring social factors

A holistic view of the overall welfare of society

Maximizing individual profits

#8. The concept of "triple bottom line" in commerce refers to:

Ignoring ethical considerations

Balancing economic, social, and environmental performance

Focusing solely on financial profits

-Minimizing social impact

#9. Commerce contributes to societal development by:

Creating employment opportunities

Encouraging isolation

Generating pollution

Increasing inequality

#10. How does commerce contribute to poverty alleviation?

Ignoring economic disparities

By exploiting vulnerable populations

Through job creation and income generation

By promoting unequal distribution of resources

#11. What role does commerce play in education and skill development?

Promoting lifelong learning and skill enhancement

Hindering access to education

Exploiting unskilled labor

Ignoring the importance of education

#12. Inclusive business practices aim to:

Exploit natural resources

Promote diversity and equal opportunities

Discriminate against employees

Exclude certain communities

#13. Social innovation in commerce involves:

Introducing new and positive solutions to societal challenges

Avoiding technological advancements

Maintaining traditional practices

Ignoring societal needs

#14. Social entrepreneurship focuses on:

Exploiting resources for personal gain

Solving social and environmental issues

Ignoring community needs

Maximizing profits

#15. The concept of ethical consumption involves:

Making responsible and ethical choices as consumers

Supporting businesses with unethical practices

Ignoring the impact of consumption

Encouraging wasteful practices

Finish

Results