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प्रश्न
What are the major areas of social responsibility of business?
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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.
Fulfillment of social responsibility shows _________ image of the organisation .
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
The media does not play important role in public life.
______ 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.
Explain the following term/concept.
Social responsibility
Study the following case/situation and express your opinion.
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A vehicle manufacturing company has adopted the following practices.
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- by doing this, the business organisation follows social responsibility towards which interest group?
- What kind of pollution do they want to avoid?
- What kind of message do they want to convey?
Justify the following statement.
The role of media has a major influence on business organizations.
What is the social responsibility of commercial organizations? towards consumers?
Choose the Correct Answer.
The Stakeholders of Socially Responsible business units are except ______
Choose the Correct Answer.
Social Responsibility towards employees represents the following except ______
Discuss the different groups that benefited from the Social Responsibility of business?
Legal responsibility is broader than the social responsibility of business.
