Home › Bihar Board Class 12 (Commerce) › Business Studies › Social Responsibility of Business and Business Ethics › Seeing profit as an outcome of service supports …
Seeing profit as an outcome of service supports which view?
AJustification for existence
BBurden on the consumers
CLack of social know-how
DViolation of profit goal
Answer & Solution
Correct answer: A. Justification for existence
Business exists to satisfy human needs, so its prosperity depends on continuous service to society, which justifies its existence.
Related questions
Audits and reporting systems for unethical acts areWhich element of business ethics requires the CEO to openly back ethical conduct?A written document laying down an organisation's ethical rules is calledWhich is an example of business ethics?The word 'ethics' is traced to a Greek word meaningThe Wildlife Protection Act was enacted in which year?Which law of 1986 protects the environment?Which is a business step for environmental protection?