Business Environment and Social Responsibility
Commerce · 50 practice questions
Legal, political, economic, social, cultural and technological business environments; safe products and philanthropic/societal considerations; types and implications of pollution (water, air, land).
- Discuss the types of business environment.
- Assess the role of the social environment in the provision of safe products.
- Identify the different types of pollution and their implications for businesses.
Try a few questions
- Practice question 1
'Community development' projects undertaken by a business, such as building a local school or clinic, are an example of
- A.A purely legal obligation with no voluntary element
- B.Voluntary social responsibility aimed at benefiting the community in which the business operates
- C.A cost with no benefit to the business's reputation
- D.A requirement imposed only on public corporations
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B. Voluntary social responsibility aimed at benefiting the community in which the business operates
Community development projects are a voluntary form of social responsibility benefiting the host community.
- Practice question 2
'Ethical sourcing' of raw materials refers to a business's commitment to ensuring its supplies are obtained through
- A.Exploitative labour practices with no regard for worker welfare
- B.The cheapest possible means available, with no ethical consideration
- C.Fair labour practices and environmentally responsible methods throughout its supply chain
- D.Illegal means, such as smuggling
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C. Fair labour practices and environmentally responsible methods throughout its supply chain
Ethical sourcing commits to fair labour practices and environmentally responsible methods throughout the supply chain.
- Practice question 3
The 'technological environment' of business refers to factors such as
- A.The level of technological development and innovation that affects how a business operates and competes
- B.Only the size of a company's workforce
- C.Only weather conditions
- D.Only government tax policy
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A. The level of technological development and innovation that affects how a business operates and competes
The technological environment includes technological development/innovation levels affecting business operations.
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