Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 6 - Social Responsibilities of Business [Latest edition]

Business is a ________ activity.

The business organization should try to make ______ utilization of natural resources.

For economic growth and national security ______ stability is required.

Making timely payment of proper taxes is the responsibility of organisation towards ______.

Businessmen are ______ of the society.

The business should provide periodic information to ______.

The business should offer adequate opportunities of promotion to their ______.

The term 'Ethics' is derived from the ______ word 'Ethos' which means character.

Business ethics refers to the ______ system of principles.

The business organisation should protect health and provide safety measures to ______.

At least ______% of the average net profit should be spent on C.S.R.

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

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

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

Duties, obligations of business directed towards the welfare of society.

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

Getting good quality products is the basic right of this group of society.

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

Providing fair returns on investment is the responsibility of the organisation towards this group.

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

Rules of standard dealing with morality in the business environment.

Give one word or phrase or a term which can substitute the following.

An activity motivated by profit.

Write a word or phrase or a term which can substitute the following:

Earning foreign exchange is the responsibility of the organization towards this group.

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

Employment generation is the responsibility of the organization towards this group.

Businessmen are trustees of society.

Business ethics is a code of conduct.

The commercial organization is expected to uplift the weaker section of society.

It is the responsibility of the commercial organizations to maintain industrial peace.

Owners should not get complete and accurate information about the financial position.

The media does not play important role in public life.

Social responsibility is broader than the legal responsibility of business.

Find the odd one.

Find the odd one.

Find the odd one.

Find the odd one.

Find the odd one.

Business organisation can maximize profitability by ______ wastage.

Social responsibility is broader than ______ responsibility.

The concept of trusteeship was propounded by ______.

Business should earn ______ profit.

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

The word 'Ethics' is derived from the Greek word ______.

Select the correct option.

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

Answer in one sentence.

Who can raise voice against business malpractices?

Answer in one sentence.

What should be done by management to keep workers updated?

Answer in one sentence.

What type of advertising should be avoided?

Answer in one sentence.

What organization should do to improve the quality of goods and to reduce the cost of production?

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.

All sorts of fair practices related to stock exchange should be avoided.

Correct the underlined word and rewrite the sentence.

Management and union should agree strikes and lockouts protect the interest of both the parties.

Correct the underlined word and rewrite the sentence.

MRP (Maximum Retail Price) should not be printed on every packet.

Correct the underlined word and rewrite the sentence.

Dishonest advertising can be appreciated by customers in the long run.

Correct the underlined word and rewrite the sentence.

Financial help should be provided by business organizations for anti-social activities.

Correct the underlined word and rewrite the sentence.

Business ethics is a compulsory term.

Correct the underlined word and rewrite the sentence.

Business ethics is not a relative term.

Correct the underlined word and rewrite the sentence.

Social values are based on perceptions of right or wrong.

Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.

Match the pairs.

Explain the following term/concept.

Social responsibility

Explain the following term/concept.

Concept of Trusteeship

Explain the following term/concept.

Business ethics

Explain the following term/concept.

Moral Values

Explain the following term/concept.

Social values

Study the following case/situation and express your opinion.

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?

Study the following case/situation and express your opinion.

1. Which responsibility is neglected by the manufacturing organizations?
2. What kind of pollution they are doing?
3. What precautionary measures do they need to take?

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?

Explain social responsibilities of commercial organisation towards consumers.

What is business ethics?

Describe the features of business ethics.

State responsibilities of business towards the government.

State any four CSR activities.

Justify the following statement.

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

Justify the following statement.

The business should allow workers to participate in management.

Justify the following statement.

Expectations of society towards business are changing.

Justify the following statement.

Business organizations should avoid environmental pollution and ecological imbalance.

Justify the following statement.

All sorts of unfair practices related to stock exchange should be avoided.

Justify the following statement.

Business ethics contains moral and social values for doing business.

Justify the following statement.

Business ethics can be considered as a tool for social development.

What is the social responsibility of commercial organizations? towards consumers?

State different types of responsibilities towards society.

Describe the responsibilities of commercial organizations towards investors.

Describe the features of business ethics.

What is corporate social responsibility?

Explain the responsibilities of business towards employees?

what is the need for social responsibility?

Define the concept of social responsibility.

State different types of responsibilities towards society.

What are the responsibilities of business towards the Investors?

What are the responsibilities of business towards the government?