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

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प्रश्न

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

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उत्तर

Social responsibility refers to the duties and responsibilities of business enterprises towards society and its members. It implies the obligation on an enterprise to conduct activities that are favourable from the viewpoint of society. As any business makes use of society’s resources in the form of human and physical capital, it becomes the moral duty and responsibility of the businesspersons to work for the betterment of society.

Social responsibility differs from legal responsibility on various grounds. Social responsibility is a much wider concept than legal responsibility. This is because, by mere compliance with the law, any legal responsibility can be fulfilled for instance, paying taxes on time and reducing the emission of pollutants. On the other hand, social responsibility is an obligation on business enterprises to work for the welfare of society for example, generating employment opportunities to the physically challenged and providing equal employment opportunities to women.

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अध्याय 6: Social Responsibilities of Business and Business Ethics - Short Answer Questions [पृष्ठ १५८]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 6 Social Responsibilities of Business and Business Ethics
Short Answer Questions | Q 1 | पृष्ठ १५८

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संबंधित प्रश्न

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


Fulfillment of social responsibility shows _________ image of the organisation .


Business organisations have no social responsibilities.


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


Write short note on the following.
Corporate social responsibility.


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


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.


Study the following case/situation and express your opinion.

A vehicle manufacturing company has adopted the following practices.

  1. Only those components will be used by the company which is environment friendly.
  2. There will be a discharge of harmful wastes only after their proper treatment.
  3. The pollution level of every vehicle will be maintained as per international standards.
  1. by doing this, the business organisation follows social responsibility towards which interest group?
  2. What kind of pollution do they want to avoid?
  3. What kind of message do they want to convey?

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?


Choose the Correct Answer.

Assuming Social Responsibility of business helps the enterprise in ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


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


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