Essay 10 – Business responsibilities

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As well as making money, businesses also have social responsibilities. To what extent do you agree or disagree?

Businesses have always SOUGHT TO MAKE A PROFIT , but it is

becoming increasingly common to hear people talk about THE SOCIAL OBLIGATIONS that companies have. I completely agree with the idea that businesses should do more for society than simply make money.

On the one hand, I accept that businesses must make money in order to SURVIVE IN A COMPETITIVE WORLD. It seems logical that the priority of any company should be to COVER ITS RUNNING COSTS, such as EMPLOYEES’ WAGES and PAYMENTS FOR BUILDINGS  and utilities. On top of these costs, companies also need to invest in improvements and innovations if they wish to remain successful. If a company is unable to pay its bills or meet the changing needs of customers, any concerns about social responsibilities become irrelevant. In other words, a company can only MAKE A POSITIVE CONTRIBUTION TO SOCIETY if it IS IN GOOD FINANCIAL HEALTH.

On the other hand, companies should not be RUN WITH THE SOLE AIM OF MAXIMISING PROFIT; they HAVE A WIDER ROLE TO PLAY IN SOCIETY. One social obligation that owners and managers have is to treat their employees well, rather than exploiting them. For example, they could pay a “living wage” to ensure that workers HAVE A GOOD QUALITY OF LIFE. I also like the idea that businesses could use a proportion of their profits to SUPPORT LOCAL CHARITIES, environmental projects or EDUCATION INITIATIVES. Finally, instead of trying to minimise their tax payments by USING ACCOUNTING LOOPHOLES, I believe that COMPANY BOSSES should be happy to CONTRIBUTE TO SOCIETY THROUGH THE TAX SYSTEM.

In conclusion, I believe that companies should PLACE as much IMPORTANCE ON their social responsibilities as they do on their FINANCIAL OBJECTIVES.

Những cụm từ cần lưu ý:

SOUGHT TO MAKE A PROFIT (tìm kiếm lợi nhuận)

THE SOCIAL OBLIGATIONS (trách nhiệm xã hội)

SURVIVE IN A COMPETITIVE WORLD (tồn tại trong một thế giới cạnh tranh)

COVER ITS RUNNING COSTS (chi trả chi phi hoạt động)

EMPLOYEES’ WAGES (tiền lương của nhân viên)

PAYMENTS FOR BUILDINGS (chi phí cơ sở hạ tầng)

MAKE A POSITIVE CONTRIBUTION TO SOCIETY (đóng góp tích cực cho xã hội)

IN GOOD FINANCIAL HEALTH (có tiềm lực tài chính tốt)

RUN WITH THE SOLE AIM OF MAXIMISING PROFIT (hoạt động với mục tiêu duy nhất là tối đa hóa lợi nhuận)

HAVE A WIDER ROLE TO PLAY IN SOCIETY (có vai trò lớn hơn trong xã hội)

HAVE A GOOD QUALITY OF LIFE (có chất lượng cuộc sống tốt)

SUPPORT LOCAL CHARITIES (hỗ trợ các tổ chức từ thiện địa phương)

EDUCATION INITIATIVES (chương trình giáo dục)

USING ACCOUNTING LOOPHOLES (sử dụng sơ hở trong kế toán)

COMPANY BOSSES (các chủ doanh nghiệp)

CONTRIBUTE TO SOCIETY THROUGH THE TAX SYSTEM (đóng góp cho xã hội thông qua hệ thống thuế)

IMPORTANCE ON (chú trọng vào)

FINANCIAL OBJECTIVES (mục tiêu tài chính).