Correct option is A
An enterprise that demonstrates genuine concern for
people,
society, and the
environment, and that upholds
moral values,
honesty, and
integrity in all dealings, aligns perfectly with the concept of an
ethically responsible enterprise.
Ethical responsibility goes beyond merely following the law. It includes:
· Fair treatment of employees
· Environmental protection
· Honest communication with customers
· Transparency in operations
· Avoidance of harmful or deceptive practices
· Respecting the rights of all stakeholders
Such an enterprise assumes responsibility for the
social and moral consequences of its actions and strives to operate in a manner that is morally sound, socially beneficial, and environmentally sustainable.
Hence, the correct answer is
(a) An ethically responsible enterprise.
Information Booster
1. An ethically responsible enterprise integrates
ethics into business decisions, ensuring fairness and transparency.
2. It voluntarily adopts practices such as reducing carbon emissions, recycling, and community development.
3. Ethical responsibility enhances brand image, customer trust, and long-term sustainability.
4. Such enterprises often adopt
codes of ethics, conduct ethical training, and build strong organisational values.
5. Ethical culture reduces fraud, promotes good governance, and strengthens stakeholder relationships.
Additional Information
·
(b) A law-abiding enterprise – Incorrect; obeying the law is necessary, but ethical responsibility goes
beyond legal compliance by embracing moral duties.
·
(c) A corporate enterprise – Incorrect; this refers to a company structure, not its ethical behaviour.
·
(d) A not-for-profit organisation – Incorrect; these aim at social objectives, but they may or may not practice ethical environmental or people-oriented policies.