Role of Commerce in Societal development

Contents

#1. Corporate Social Responsibility (CSR) involves businesses:

Actively contributing to community well-being

Focusing solely on profits

Avoiding ethical standards

Ignoring environmental concerns

#2. The concept of ethical consumption involves:

Encouraging wasteful practices

Making responsible and ethical choices as consumers

Ignoring the impact of consumption

Supporting businesses with unethical practices

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

Ignoring the importance of education

Exploiting unskilled labor

Promoting lifelong learning and skill enhancement

Hindering access to education

#4. Which of the following is an example of a sustainable business practice?

Ignoring customer satisfaction

Implementing energy-saving initiatives

Disregarding employee well-being

Excessive use of non-renewable resources

#5. Which of the following is a social impact of commerce?

Exploitation of workers

Strengthening social bonds

Environmental degradation

Increased crime rates

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

Environmental degradation

Profit maximization

Unethical business practices

Social responsibility

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

A holistic view of the overall welfare of society

Ignoring social factors

Narrow economic indicators

Maximizing individual profits

#8. Commerce contributes to societal development by:

Creating employment opportunities

Increasing inequality

Encouraging isolation

Generating pollution

#9. How can commerce contribute to environmental sustainability?

By promoting pollution

By depleting natural resources

Through responsible and eco-friendly business practices

Ignoring the impact on the environment

#10. Inclusive business practices aim to:

Discriminate against employees

Promote diversity and equal opportunities

Exclude certain communities

Exploit natural resources

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

Balancing economic, social, and environmental performance

-Minimizing social impact

Ignoring ethical considerations

Focusing solely on financial profits

#12. How does commerce contribute to poverty alleviation?

By exploiting vulnerable populations

By promoting unequal distribution of resources

Through job creation and income generation

Ignoring economic disparities

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

Ignoring social issues

Maximizing profits for shareholders

Exploiting consumers

Balancing economic goals with societal benefits

#14. Social capital in commerce refers to:

Relationships and networks that contribute to societal well-being

Financial assets

Exploitative practices

Ignoring community connections

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

Businesses' ongoing acceptance and approval by the community

Exploitative business practices

Ignoring community needs

Disregarding ethical considerations

Finish

Results