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प्रश्न
What are the major areas of social responsibility of business?
उत्तर
The following are the major areas of social responsibility of businesses.
(a) Economic responsibility: Business enterprises are economic units that exist to make profits. Therefore, it is the responsibility of every business enterprise to undertake economic activities such as producing goods and services according to the needs and wants of consumers and selling them at reasonable prices.
(b) Legal responsibility: It is the responsibility of every business to respect the laws and regulations of the country in which it operates, as laws are formed for the betterment of society.
(c) Ethical responsibility: This responsibility implies that a business enterprise should follow only those business practices that are in line with the social values that are desirable from the viewpoint of society. This includes respecting religious sentiments and producing quality products.
(d) Discretionary responsibility: This responsibility is completely voluntary in nature. It means that a business enterprise may choose to open a charitable school or hospital for the poor, grant aid to people affected by natural calamities, provide employment opportunities to the physically challenged and so on.
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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.
State with reasons, whether the following statement is True or False:
The business organisation has various types of social responsibilities.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
Distinguish between the following.
Traditional social responsibility and corporate 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
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
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.
Social responsibility is broader than ______ responsibility.
______ should be fixed according to the nature and importance of work.
Explain the following term/concept.
Concept of Trusteeship
Define the concept of social responsibility.
Choose the Correct Answer.
Which type of Responsibility gives the benefit to the Society out of its profits earned?
Enumerate the points relating to why business units are Socially Responsible?
Explain in detail the concept and need for Social Responsibility?
Discuss the different groups that benefited from the Social Responsibility of business?
Justify the following statement.
Social responsibility is necessary for the protection of the environment.
