Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Social Responsibilities of Business and Business Ethics

Question:

If business is to operate in a society which is full of diverse and complicated problems, it may have :

Options:

Great chance of success

Little chance of success

Little chance of failure

No relation with sucess

Correct Answer:

Little chance of success

Explanation:

The correct answer is option 2- Little chance of success.

If business is to operate in a society that is full of diverse and complicated problems, it may have little chance of success. Therefore, it is argued that the business system should do something to meet needs before it is confronted with a situation when its own survival is endangered due to enormous social illnesses. A society with fewer problems provides a better environment for a firm to conduct its business.