Page 181 - DMGT401Business Environment

Business Environment

Notes 7.10 Self Assessment

State whether the following statements are true or false:
1. Poverty is a state when a person is considered to be following a low standard of living.

2. According to a survey, more members in a family means more income and thereby less
poverty.
3. A person who is not working because he is not in a physical state to work is also considered
voluntarily unemployed.
4. According to a report, giving credit to the people could eliminate poverty.
5. Rural markets serves as the biggest market for FMCG products.

6. Project Shakti works on a direct selling basis in the rural areas.
7. For making huge profits, firms have to forego their business ethics.
8. It is in the social responsibility framework of the companies to ensure quality goods to the
consumers.
Fill in the blanks:
9. In order to ensure availability of food grains to the poor people, government had
introduced…………………..
10. ………………..sector sees more people involuntarily unemployed than other sectors.
11. Many people lost jobs during the current economic downturn that hit the globe. This was
a case of ………………. unemployment.
12. Products like washing machines are considered as ……………. products in rural areas.
13. Some companies have a code of conduct that every customer should be treated equally
irrespective of their status and purchase. This type of code is known as ……………. code.
14. …………………deals with the issue of senior subordinate and company-shareholders
relationship.

15. According to Mahatma Gandhi, the business leader is the ………………. of the business
and its employees.
16. …………………company had launched a child care initiative wherein which one rupee
went for the education of children when we purchased their cards.

7.11 Review Questions

1. "Society and culture primarily govern the lifestyle of an individual". Comment.
2. "Most organizations try to position their products around social needs" Substantiate.

3. Compare the poverty situation of India, today and a decade back. What significant changes
do you notice?
4. Examine the role of Indian Government in eradicating poverty.

5. "India as a nation is facing a massive problem of unemployment". Discuss.
6. Do you believe that there can be concept like voluntary unemployment? What is difference
between cyclical and seasonal unemployment?

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