Read the passage carefully and select the correct answer for the given blank out of the given alternatives.
Business ethics (also known as Corporate ethics) is a form of applied ethics or professional ethics that examines (1) principles and moral or ethical problems that arise in a __(2)environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organisations as a whole. (Wikipedia) Most people agree that high ethical standards (3)both businesses and individuals to conform to sound moral(4). However, some special aspects must be considered when applying ethics to business. To survive, businesses must make a(5). If profits are realised by misconduct then the life of the business may be short-lived. The business must balance their desires for profits against the needs and desires of society. Maintaining this balance can be difficult. To help with this, society has developed rules – both legal and implicit – to guide the business in their efforts to earn ____(6)___in ways that will not harm individuals or society as a whole. (Ferrell, Fraedrich, Ferrell, 2002.)
Pick the appropriate word to be filled in blank 5.
- AOption (a)
loss
- BOption (b)
head start
- COption (c)
campaigning
- DOption (d)
stand
- EOption (e)
profit
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Correct answer
profit
Why this answer is correct
The correct answer is 'profit'.
Key Points
- The passage discusses the necessity for businesses to generate revenue to survive.
- The appropriate noun should indicate the financial gain required for the survival of businesses.
- "Profit" (लाभ) fits well as it refers to the financial gain that businesses must achieve to continue operating.
- Other options ("loss", "head start", "campaigning", "stand") do not fit the context of financial necessity for survival.
Therefore, the correct answer is 'Option 5'.
Complete Passage: Business ethics (also known as Corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organisations as a whole. (Wikipedia) Most people agree that high ethical standards require both businesses and individuals to conform to sound moral standards*. However, some special aspects must be considered when applying ethics to business. To survive, businesses must make a* profit*. If profits are realised by misconduct then the life of the business may be short-lived. The business must balance their desires for profits against the needs and desires of society. Maintaining this balance can be difficult. To help with this, society has developed rules – both legal and implicit – to guide the business in their efforts to earn* __(6)_in ways that will not harm individuals or society as a whole. (Ferrell, Fraedrich, Ferrell, 2002.)
Additional Information
- Loss (हानि): "Loss" means the state of no longer having something or having less of it, which is contrary to the requirement for survival in a business.
- Head Start (अग्रता): "Head Start" means an initial advantage, which is not relevant to the financial necessity for business survival.
- Campaigning (अभियान): "Campaigning" means actions taken to achieve a particular result, which is not relevant to financial necessity or gains.
- Stand (खड़ा होना): "Stand" means to be in an upright position or to adopt a position, which does not fit the context of financial necessity for business survival.