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Explain the following term/concept. Concept of Trusteeship - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Concept of Trusteeship

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उत्तर

Trusteeship is a socioeconomic philosophy that was propounded by Mahatma Gandhi. It provides a means by which the wealthy people would be the trustees of trusts that looked after the welfare of the people in general. Businessmen are considered to be trustees of society.

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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३०]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 2. 2) | पृष्ठ १३०

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Any ‘five cases’ (needs) of social responsibilities of business.


State with reasons whether the following statements are True or False

Business organisations do not have various types of social responsibilities.


Commercial organisations have different types of social responsibilities.


Distinguish between the following.
Traditional social responsibility and corporate social responsibility.


Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.


Choose the correct option for the following:
Social responsibility is


Choose the correct option for the following:
If business is to operate in a society which is full of diverse and complicated problems, it may have


What do you understand by social responsibility of business? How is it different from legal responsibility?


Build up argument for and against social responsibilities.


Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.


Match the pairs.

Group ‘A’ Group ‘B’
A) Employees 1) Good quality product
B) Responsibility to Investors 2) To maintain solvency and prestige
C) Responsibility towards government 3) To serve society
D) Economic Objective 4) Voluntary
E) Business ethics  5) Job security
    6) Compulsory
    7) Respecting rules and regulations
    8) To earn profit
   

9)

Branch of Social Science

    10) Protection and environment

Give one word/phrase/term for the following sentence.

Name the philosophy related to social responsibility propounded by Mahatma Gandhi.


Businessmen are trustees of society.


Social responsibility is broader than the legal responsibility of business.


Social responsibility is broader than ______ responsibility.


______ should be fixed according to the nature and importance of work.


Correct the underlined word and rewrite the sentence.
 Social responsibility is a narrower term than legal responsibility of business.


Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.


Correct the underlined word and rewrite the sentence.

Social values are based on perceptions of right or wrong.


Explain the following term/concept.

Social responsibility


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a daycare center for kids and work from home facility. Even management takes their suggestions while taking the decisions though they are members of trade union.
  1. By doing this they are following social responsibilities towards which interest groups?
  2. What values are they presenting?
  3. What kind of responsibilities employer follows in the above case?

Justify the following statement.

The role of media has a major influence on business organizations.


What is corporate social responsibility?


Select the correct option.

(responsibilities towards shareholders, responsibilities towards consumers, responsibilities towards government, responsibilities towards society, responsibilities towards owners)

Group A  Group B
A. After Sales Service _______________
B. ______________ timely payment of taxes
C. protest anti-social activities _______________
D. fair practices on stock exchange _______________
E. _____________ Reasonable profit

Choose the Correct Answer.

The Stakeholders of Socially Responsible business units are except ______


Choose the Correct Answer.

Assuming Social Responsibility of business helps the enterprise in ______


Choose the Correct Answer.

Socially Responsible business provides goods at ______


Who are called Stakeholders?


Enumerate the points relating to why business units are Socially Responsible?


Explain in detail the concept and need for Social Responsibility?


Explain the following term/concept in detail:

Globalisation


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