NCERT · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsWhich of the following elements is critical for putting business ethics into practice?
Step-by-Step Solution
Commitment from top management is the most critical element for successfully implementing business ethics, as leaders set the tone and corporate culture for the entire organization.
Detailed Options Breakdown
Option : Commitment of top management (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Ignoring employee feedback
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 2: Focusing only on short-term profits
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 3: Avoiding transparency
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
💡 Study Guide: This question tests core syllabus concepts from Social Responsibilities of Business and Business Ethics. For formulas, key summaries, and mock exam reference guides, read the full Social Responsibilities of Business and Business Ethics Revision Notes.