In which situation will an entrepreneur's decision be considered most sustainable?
Answer and explanation
Correct answer: When economic, social, and environmental impacts are considered
Sustainability requires considering whether an activity can remain economically viable while also managing its effects on people and the environment. A decision based only on immediate profit may create later social, environmental, or financial costs. Wasting resources and ignoring customer safety are contrary to responsible business. Therefore, the balanced three-dimensional assessment is the best choice.
Frequently asked questions
What is the correct answer to this question?
When economic, social, and environmental impacts are considered
Why is this the correct answer?
Sustainability requires considering whether an activity can remain economically viable while also managing its effects on people and the environment. A decision based only on immediate profit may create later social, environmental, or financial costs. Wasting resources and ignoring customer safety are contrary to responsible business. Therefore, the balanced three-dimensional assessment is the best choice.
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: Concept of social responsibility.
