If an entrepreneur sells a harmful product only for profit, which principle is violated?
Answer and explanation
Correct answer: Social and ethical responsibility
Business decisions affect customers and the wider community, not only the owner’s profit. Selling a harmful product without proper responsibility can damage health, trust, and social welfare. Ethical and socially responsible business considers safety and consequences alongside earnings; creativity, time management, and bookkeeping do not address this violation.
Frequently asked questions
What is the correct answer to this question?
Social and ethical responsibility
Why is this the correct answer?
Business decisions affect customers and the wider community, not only the owner’s profit. Selling a harmful product without proper responsibility can damage health, trust, and social welfare. Ethical and socially responsible business considers safety and consequences alongside earnings; creativity, time management, and bookkeeping do not address this violation.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
