Social Responsibility of Business and Business Ethics Revision Notes for Class 11: Free PDF Download
Strengthen your fundamentals of the chapter with Vedantu’s free pdf of Class 11 Business Studies Social Responsibility of Business and Business Ethics revision notes available on this page. The notes cover a detailed explanation of all the important topics of the chapter to ensure you get a proper understanding of concepts and their uses in different situations. The experts prepared the revision notes as per the latest exam pattern and are highly beneficial for Class 11 students.
Class 12 Business Studies Chapter 6 Revision notes help students to learn different ways to answer different types of questions; this will enhance their speed, accuracy, time management, and problem-solving skills while writing the board exam. The students can improve their knowledge of Social Responsibility of Business And Business Ethics by downloading a free pdf of revision notes for the same chapter through the link below.
Topics Covered in Class 12 Business Studies Chapter 6
Concepts of Social Responsibility
Needs For Social Responsibility
Arguments For Social Responsibility
Arguments Against Social Responsibility
The reality of Social Responsibility
Kinds of Social Responsibility
Business And Environmental Protection
Cause of Pollution
Needs of Pollution Control
Role of Business in Environmental Protection
Concepts of Business Ethics
FAQs on Revision Notes for CBSE Class 11 Business Studies Chapter 6 - Social Responsibility of Business and Business Ethics PDF
1. What do You Understand by Business Ethics?
Business ethics can be defined as the moral principles and code of conduct that a business must follow, as it takes up only those actions that are advantageous for the welfare of society. The objective of business ethics is to steer the managers and other employees in an organization in performing their jobs in a manner that is socially acceptable.
2. What is the Social Responsibility of a Business?
Social Responsibility of business means that an enterprise takes full responsibility ethically to take decisions and conduct actions accordingly, which are required to meet the objectives and create values for our society. Its aim is to do business for the benefit of various social groups like employees, consumers, investors, government, etc.
3. Explain the Obligations of Business Towards Owners and Investors.
The business must assume their social responsibilities towards their workers or employees because they are the wheels of an organization. Without their support, the commercial institution simply cannot function or operate. If a business takes care of the needs of its office staff or workers, then it will increase the motivation and working spirit within the organization.
A content and happy worker usually gives his best to the organization in terms of quality labour and timely output than an unsatisfied one. A conducive working environment helps in improving the efficiency and productivity of working people. A good compensation strategy and incentives attract new talented professionals who can further contribute to its growth and expansion. Thus, if employees are satisfied then they will work together very hard and contribute willingly in increasing the production, sales and profit.
4. How can a Business Enterprise Improve its Public Image by Performing Social Responsibilities?
A business enterprise can improve its public image by performing social responsibilities like checking the environmental pollution, taking care of the well-being of the local community by donations and voluntary programmes, constructing charitable health care centers for the local patients and recreational institutions for the people and sponsor education for poor and under-privileged children.
5. What are the elements of Business Ethics class 11?
Following are the elements of Business Ethics:
Any company's senior management must follow a code of ethics, which will lead other employees in the same way for the organization's advantage.
A firm must specify the moral principles as well as the rules that govern production and the health and safety of its employees.
It’s a mechanism to assess individual employees' actions in order to confirm that ethical standards are being followed.
Top management should take considerable steps to prevent any unethical behaviour within the company.
6. Which book should I refer to for Chapter 6 Business Studies class 11?
Chapter 6 of Business Studies in Class 11 is ‘Social Responsibilities of Business and Business Ethics’. This chapter discusses the many types of businesses and their roles in various areas of the community. Students should prepare the important topics from this chapter that can be asked in the exams. They should refer to CBSE Class 11 Business Studies revision notes available on Vedantu, that are absolutely free of cost. They are prepared by experts and are 100% credible. Meaning of Social Responsibility, areas, arguments and reality of Social Responsibility, business and environmental pollution, causes and types of pollution, pollution control, business ethics are some topics students should focus on.
9. How can I write good answers in Chapter 6 Business Studies class 11?
The key point to be kept in mind while writing the answers for any question in Chapter 6 Business Studies is that they should be to the point. The answers should not drift away from the basic concept. The main points of the answers can be written in bullets or numbered lists, so as to make it look organised and neat. Use simple and easy language to increase the clarity of your answers. Underline the important terms and definitions, if there are any.