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Use the conversation below to answer the question below; MUSA: Taiwo why are you in...

Commerce
JAMB 1997

Use the conversation below to answer the question below;

MUSA: Taiwo why are you in business?

TAIWO: To optimize profit, provide quality products, and discharge my social responsibilities. What of you, Okon and Kalu

OKON: I am in business to cater to the needs of the consumers at all costs.

KALU: I am in business to make a profit, provided quality products at reasonable prices, and establish a good reputation for myself.

 

The businessman that may end up not discharging his social responsibility is--------------------

  • A. Musa
  • B. Okon
  • C. Taiwo
  • D. Kalu
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Correct Answer: Option D
Explanation

In business, Social Responsibility is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions. 

From the conversation above, Kalu cares more about making profits and a good name for himself than the needs of the consumer and the environment in which he operates. He is likely to not live up to the social responsibilities he owes the society as a businessman.


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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789