Question

business ethics chapter 4 apart from achieving a social benefit over and above maximizing profits for its shareholders, a corporate social responsibility also requires an organization to meet all its legal obligations true or false

Answer 1

Answer:

True

Explanation:

Business ethics tell us what is right and wrong, what is fair and unfair , what is good and bad , what is to be done and not to be done .

Business ethics plays a important role in today business world. If a businessman is  not doing work ethically than it is consider as crime.

It is the duty of every business man to follow the ethics , if they do not follow the ethics then they may lose their image in the public. Business is not only responsible towards the shareholder to provide them profit but also towards the government and people. Businessman should follow the legal obligation if he do not do so then he can be in big trouble . The government become strict towards the company . And more government interference in business is not good for the company.

It is the duty of the businessman to work in the guidelines of the government and not to work beyond that . He should not to do any illegal work which is not good for the society .