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What is corporate social responsibility? - Organisation of Commerce and Management

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प्रश्न

What is corporate social responsibility?

दीर्घउत्तर

उत्तर

Corporate Social Responsibility (CSR) is a self-regulating business model, aims to contribute to societal goals or support volunteering or ethically-oriented practices. It makes a company socially responsible and accountable. This accountability is towards itself, its stakeholders, the public in general, etc. By practicing social responsibility, companies can be conscious of the economic, social, and environmental aspects of society.

Applicability of CSR:

  1. The companies having a Net worth of 1500 Cr. or more or Turnover of 1000 Cr. or more; or Net
    Profit of 15 Cr. or more during any financial year shall be required to constitute a Corporate
    Social Responsibility Committee of the Board with effect from 1st April 2014.
  2. The Board's report shall disclose the compositions of the CSR Committee.
  3. All companies shall spend, in every financial year, at least 2% of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its
    Corporate Social Responsibility Policy.
  4. The companies shall be required to incorporate in its Board's report, an annual report on CSR.
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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३१]

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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 6. 5) | पृष्ठ १३१

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.


Fulfillment of social responsibility shows _________ image of the organisation .


Commercial organisations have different types of social responsibilities.


Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.


Write a word or phrase or a term which can substitute  the following.
The newest management strategy about social obligations of business.


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


Choose the correct option for the following:
Business people have the skills to solve


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.


Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.


For economic growth and national security ______ stability is required.


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

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


Select the correct option.

(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)

Group A Group B
1) After-sales service ____________
2) Timely payment of proper taxes ____________
3) ____________ Protest Anti Social Activities
4) _____________ Fair practices on the stock exchange

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


Explain the following term/concept.

Concept of Trusteeship


Study the following case/situation and express your opinion.

A vehicle manufacturing company has adopted the following practices.

A) Only those components will be used by the company which is environment friendly.

B) There will be a discharge of harmful wastes only after their proper treatment.

C) The pollution level of every vehicle will be maintained as per international standards.

i) by doing this, the business organization follows social responsibility towards which interest group?

ii) What kind of pollution do they want to avoid?

iii) What kind of message do they want to convey?


Define the concept of social responsibility.


Choose the Correct Answer.

The Stakeholders of Socially Responsible business units are except ______


Choose the Correct Answer.

Socially Responsible business provides goods at ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


What do you mean by Social Responsibility?


Define the Concept of Social Responsibility?


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


Justify the following statement.

Social responsibility is necessary for the protection of the environment.


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