NIOS Class 12 Employability Skills Chapter 19 Be An Ethical Entrepreneur

NIOS Class 12 Employability Skills Chapter 19 Be An Ethical Entrepreneur Solutions English Medium As Per New Syllabus to each chapter is provided in the list so that you can easily browse throughout different chapters NIOS Class 12 Employability Skills Chapter 19 Be An Ethical Entrepreneur Notes and select need one. NIOS Class 12 Employability Skills Chapter 19 Be An Ethical Entrepreneur Question Answers Download PDF. NIOS Study Material of Class 12 Employability Skills Notes Paper Code: 350.

NIOS Class 12 Employability Skills Chapter 19 Be An Ethical Entrepreneur

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 12 Employability Skills Solutions in English, NIOS Senior Secondary Course Employability Skills Notes in English Medium for All Chapter, You can practice these here.

Be An Ethical Entrepreneur

Chapter: 19

Module – IV: Be Your Own Boss

INTEXT QUESTIONS 19.1 

1. Read the following statements. Mention if these are ethical or unethical business practices. Justify your statement. 

(i) A sweet shop sells left over sweets the next day as wasting food is bad for environment. ______________________________ ________________________________.

Ans: Unethical. Sweet shop has to ensure to serve its customers with fresh and good food only.

(ii) It is a policy of a beauty parlour to provide job opportunities to women as they are easy to handle and do not demand too many allowances. ________________________________ ________________________________________________. 

Ans: Unethical. Policy is exploitative of labour and disregards dignity of working women.

(iii) A courier company pledges to hire 18+ unemployed school dropouts as they settle for less salary. _____________________ ________________________________________________ .

Ans: Unethical. Exploitative labour policies.

(iv) It is a good idea to open a factory in rural area as it provides employment to local people. Also, there is a lot of place to dispose waste and pollutants. _____________________________ _______________________________________________.

Ans: Unethical. Disregards environmental issues.

(v) A guest house owner doesn’t keep many records as he knows that as a businessman it is his duty to work hard and satisfy his customers. Maintaining so many registers and records is very time consuming. ___________________________________.

Ans: Unethical. Record maintenance is a duty as well.

INTEXT QUESTIONS 19.2 

Find out what is the ethically right course of action in the given situation? Give reasons to support your answer. 

1. Sulbha runs a beauty parlour. Ankit is her best hairdresser who brings in a lot of clients. One day Sulbha witnesses Ankit touching a female  client inappropriately. The client looked visibly upset. Help Sulbha make an ethically right decision. 

Ans: Sulbha evicts Ankit and bars him from re-entering her premises ever again. Zero tolerance to such malpractices. Ankit could forever harm the reputation of her women client-centric business. She even threatens to lodge a complaint against him if he doesn’t change his ways.

2. Simarjeet runs a car repair workshop. He sees that his son who assists him is taking out original parts of cars and replacing them with cheap duplicates. Help Simarjeet take an ethically upright decision and teach his son lessons for life. 

Ans: Simarjeet punishes his son by making him give up all the money he made through criminal means. He tells him that he would be handed over to police if his malpractice was not checked in time. He also tells him how he (Simarjeet) had toiled hard to build his reputation and makes him(son) promise that he will amend his ways.

3. Anjbeen runs a boutique. She decides to cut rising costs for her boutique. Select the ethically appropriate option and cite your reason for choosing it. 

(a) She asks two of her female workers not to come to work from next day onwards. 

(b) She gives few false bills in the name of imaginary customers. 

(c) She works on the income and expenses and tries to innovate. 

(d) She purchases low quality raw material to make dresses.

Ans: Anjbeen should ideally choose option C as it is the most ethical option to manage her enterprise in the times when business is slow.

TERMINAL QUESTIONS

1. Write a short note in about 60 words about the requirements of setting up a business for the following: 

(i) Legal requirements.

Ans: The permits and licenses needed for construction, expansion and food safety, will all come under legal requirements.

Karan suggests to Maitreyi that they could easily avoid added expenses/taxes and effort by forgoing the paper work. Instead they could settle the matter when somebody questions them. Maitreyi instantly rejects Karan’s ideas. She has a vision about her shop. She wants to be an ethical citizen of the nation and build goodwill. Goodwill for a business is the established reputation of a business regarded as a quantifiable asset and is calculated as part of its value when it is sold. Hence legal documents are a matter of priority for her.

(ii) Environmental requirements. 

Ans: Environmental Requirements: Environmental issues include necessary permits and compliance. Pollution is a man-made evil adversely affecting the quality of life for all. Keeping this in mind Karan ensures that Mithaas did not adversely affect the environment in any way. Therefore, fuel consumption, noise levels, hygiene levels, waste disposal and so on had to be systematic and carried out meticulously. He decides to seek various clearances from competent authorities for cleanliness, food quality and waste management.

2. You are discussing your dream business idea with your family. Explain to them the importance of addressing the social requirements as an important part of ethical business practice. 

Ans: When discussing my dream business idea with the family, I would explain that addressing social requirements is a critical aspect of building a responsible and sustainable business.An ethical business ensures that its workers are treated with dignity and respect. This includes paying them fair wages, offering benefits, and providing a safe and clean working environment. As I plan my business, I would strive to make it inclusive by promoting diversity and equal participation for all, creating an environment where everyone feels valued.By addressing social requirements, we can establish a business that is responsible, sustainable, and respected for its ethical practices, which in turn leads to long-term growth and success.