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SET-2

SAQ
1) Explain various types of leaders
Ans:
• Autocratic Leader
• Democratic Leader
• Transformational Leader
• Transactional Leader
2) Two needs for business ethics
Ans:
• Enhancing Trust and Reputation
• Ensuring Legal and Regulatory Compliance
3) Ethics dilemma
Ans: An ethical dilemma arises when a person is faced with a decision where two or more ethical
principles conflict, making it challenging to determine the right course of action.

4) Do you support leadership without values


Ans: Leadership without values can lead to short-term gains but often results in long-term challenges such
as loss of trust, low employee morale, and ethical violations. Effective leadership is built on a foundation of
core values such as integrity, accountability, and respect. These values guide decision-making, foster a
positive organizational culture, and ensure sustainable success.

5) Do you agree with Indian approach to business ethics


Ans: The Indian approach to business ethics emphasizes values like integrity, duty (dharma), fairness, and
social responsibility, rooted in cultural and philosophical traditions. It advocates for ethical practices,
community welfare, and long-term sustainability over short-term gains.
LAQ
2a) Myths of business ethics
Ans:
• Ethics is just common sense: Ethical decisions can be complex and require careful consideration
beyond common knowledge.
• Ethics only applies to big scandals: Ethical behavior is important in everyday decisions, not just in
major controversies.
• Good business automatically means good ethics: Success doesn't guarantee ethical practices;
businesses must actively ensure ethical conduct.
• Ethics is a personal issue, not a business concern: Business ethics is also about creating a culture and
setting policies that guide behavior.
• Ethical practices reduce profits: Ethical businesses often build trust, leading to long-term profitability
and success.
• Only legal compliance is enough for ethical behavior: Legal requirements don't cover all ethical
considerations; businesses must go beyond mere compliance.

2b) Ethical principles related to advertising in business


Ans:
• Honesty: Advertising should not mislead or deceive customers.

• Transparency: Clear information should be provided about products or services.

• Fairness: Advertisements should not exploit vulnerable groups or create unfair competition.

• Social Responsibility: Ads should promote values that contribute positively to society.

• Respect for Privacy: Customer data should be used responsibly and not exploited in ads.

• Accuracy: Claims in advertising should be substantiated with evidence to avoid false representation.

4a) What do you understand by ethical culture


Ans:
Ethical Culture
Ethical culture refers to a set of values and principles that guide human behavior and decision-making. It's
about doing the right thing, even when no one is watching.
Key Elements:
1. Respect: Treat others with dignity and respect.
2. Empathy: Understand and care about others' feelings.
3. Honesty: Be truthful and transparent in all interactions.
4. Responsibility: Take ownership of your actions and their consequences.
5. Fairness: Treat others justly and without bias.
Importance:
1. Builds Trust: Ethical culture fosters trust among individuals and groups.
2. Promotes Harmony: It helps create a positive and respectful environment.
3. Encourages Personal Growth: Ethical culture inspires individuals to become better versions of
themselves.
By embracing ethical culture, we can create a more compassionate, honest, and responsible society.

4b) Ethics Committee


Ans: An Ethics Committee is a group that helps an organization or community make good choices and do
the right thing.
Main Jobs:
1. Make Ethics Rules: Create guidelines for good behavior.
2. Give Advice: Help people make good choices when they're not sure what to do.
3. Investigate Problems: Look into complaints about bad behavior.
4. Teach Ethics: Educate people about why ethics is important.
Good Things About Ethics Committees:
1. Helps People Make Good Choices
2. Builds Trust
3. Supports Good Decision-Making

6b) Features of Guru kula


Ans: The Gurukula system is an ancient Indian method of education that emphasizes holistic learning and
character development. Here are its key features:
Academic and Personal Growth
- Students live with their teacher, promoting a strong bond and personalized guidance.
- Education encompasses academic subjects, sports, music, and spirituality.
Discipline and Responsibility
- Students follow a strict daily routine, fostering discipline and time management skills.
- Participation in daily chores promotes responsibility and self-reliance.
Values and Character Development
- Respect for the teacher, elders, and fellow students is deeply ingrained.
- The system aims to develop students' character, compassion, honesty, and responsibility.
Overall Development
- The Gurukula system focuses on the overall development of students, preparing them to become well-
rounded individuals.
SET-1
SAQs
1) Importance of karma to measure
1. Encourages Good Actions
2. Makes Us Accountable for Our Actions
3. Helps Us Grow as Better People
4. Builds Strong, Positive Connections
5. Makes Us Feel Responsible for What We Do
2) 3 ethical values
1. Honesty – Being truthful and transparent in actions and words.
2. Integrity – Acting with strong moral principles, even when no one is watching.
3. Respect – Treating others with fairness, dignity, and consideration.
3) Marketing and Human resource management ethics
Marketing Ethics:
1. Honest Advertising – Ensuring all claims are truthful and not misleading.
2. Respect for Privacy – Protecting customer data and avoiding intrusive marketing practices.
3. Fair Competition – Competing honestly without resorting to unethical tactics like false
comparisons.
Human Resource Management Ethics:
1. Fair Hiring Practices – Ensuring recruitment is based on merit and free from discrimination.
2. Equal Treatment – Providing equal opportunities and fair treatment to all employees.
3. Confidentiality – Protecting employee information and maintaining privacy in workplace
matters.

4) Ethical culture, ethical values


Ethical Culture: The environment within an organization that promotes ethical behavior, where
integrity and responsibility guide decision-making and actions.
Ethical Values: Fundamental beliefs and principles that guide an individual's or organization's
behavior toward what is morally right.

5) Code of conduct
A Code of Conduct is a set of guidelines that outlines expected ethical behavior and standards within an
organization, ensuring professionalism, integrity, and compliance with laws. It serves as a framework for
employees to understand what is expected of them in terms of professionalism, integrity, and
responsibility.
LAQs
2a) Ethical principles in business
Ans: 2b in set 2
2b) Absolutism in business ethics
Ans: Absolutism in business ethics means that certain actions are always right or always wrong, regardless
of the situation.
Key Principles:
1. Universal Rules: Certain rules apply to everyone, everywhere.
2. No Exceptions: These rules are never broken, no matter what.
3. Moral Certainty: There is no doubt about what is right or wrong.
Examples:
1. Honesty is always the best policy, even if it hurts.
2. Stealing is always wrong, regardless of the circumstances.
3. Discrimination is never acceptable, no matter what.
Benefits:
1. Clear Guidance: Absolutism provides clear moral guidelines.
2. Consistency: It ensures consistent decision-making.
3. Integrity: It promotes a strong sense of moral integrity.
By following absolutist principles, businesses can maintain a strong moral compass and make ethical
decisions with confidence.

4a) Elements of ethical cultural in organization


Ans: set 2- 4a
4b) How code of conduct in developed
A code of conduct is a set of rules that guides behavior and decision-making within an organization. Here's
how it's developed:
Step 1: Identify Core Values
1. Determine the organization's core values and mission.
2. Involve stakeholders, including employees, customers, and management.
Step 2: Research and Review
1. Research industry standards and best practices.
2. Review existing policies and procedures.
Step 3: Draft the Code
1. Create a draft code of conduct that reflects the organization's values and mission.
2. Ensure it is clear, concise, and easy to understand.
Step 4: Review and Revise
1. Circulate the draft code to stakeholders for feedback.
2. Revise the code based on feedback and suggestions.
Step 5: Approve and Implement
1. Obtain final approval from management or the board of directors.
2. Communicate the code of conduct to all employees and stakeholders.
3. Provide training and support to ensure understanding and compliance.

6a) Leadership quality of karta


A Karta is a leader who manages a joint family business or organization. Here are some key leadership
qualities of a Karta:
Visionary
1. Has a clear vision for the family business.
2. Sets goals and objectives for the organization.
Decision-Maker
1. Makes informed decisions that benefit the family business.
2. Considers the opinions and ideas of others.
Communicator
1. Communicates effectively with family members and employees.
2. Listens actively and responds thoughtfully.
Problem-Solver
1. Identifies and resolves conflicts and problems.
2. Finds solutions that benefit the family business.
Responsible
1. Takes responsibility for the family business.
2. Ensures that the business is run ethically and responsibly.
Respectful
1. Treats family members and employees with respect.
2. Values their contributions and opinions.

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