Social Responsibilities of Business and Business Ethics

This is the correct answer, as both the statements are correct. CSR is viewed as a comprehensive set of policies, practices and programmes that are integrated into all business activities. The very concept of social responsibility implies that it is essentially an ethical issue.

This is the correct option, as this statement is incorrect. Caveat Emptor means buyer beware and it has now changed due to consumer consciousness, as businesses are now following consumer oriented policies. It is not due to labour movements.

There is no such responsibility as a technological responsibility.

This is the correct answer. A business owes it to its investors and owners to provide information about the working of the company.

This is the correct answer as ethical responsibility includes the behaviour of the firm that is expected by society, but not codified in law. This is an ethical responsibility, respecting the religious sentiments and dignity of people while advertising for a product. There is an element of voluntary action in performing this responsibility.

This is the correct answer.  The enterprise must respect the democratic rights of the workers to form unions. The worker must also be ensured of a fair wage and a fair deal from the management.

This is the correct answer. It is the responsibility of the company management to safeguard the capital investment by avoiding speculative activity and undertaking only healthy business ventures, which give good returns on investment

Business ethics refer to the socially determined moral principles, which should govern business activities. Social responsibility of business refers to its obligation, to take those decisions and perform those actions, which are desirable in terms of the objectives and values of our society.
Both statements are correct. 

This is  the correct answer as this is not an element of business ethics. It is the employees at different levels who implement ethics policies to make ethical business a reality. Therefore, their involvement in ethics programmes becomes a must. A business cannot involve the consumers at all levels.

This is the correct answer, as all these reasons, apart from an improved public image and social benefits, make a case for pollution control by businesses.

This is the correct answer. The business enterprises are products of and are influenced by society. They have to interpret and adjust to the preferences or values of society. The subject matter of ethics is concerned with establishing linkages and thus business ethics concern themselves with the moral principles or rules of behaviour, which should govern moral conduct of businessmen.

Yes, this is the correct answer as all are correctly matched.

This is the correct answer, as all the reasons given above are correct for the business firms to adopt social responsibilities. 

All these statements are used by businessmen, as an argument against assuming social responsibility.

This is the correct answer, as all the statements are correct.