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

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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

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Government has established _______ to settle consumers’ disputes by compromise.


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.


Write short note on the following.
Corporate social responsibility.


Choose the correct option for the following:
Social responsibility is


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


Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.


Businessmen are trustees of society.


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

Answer in one sentence.

What type of advertising should be avoided?


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions, though they are members of the trade union.
  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.

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?

What is corporate social responsibility?


Select the correct option.

(responsibilities towards shareholders, responsibilities towards consumers, responsibilities towards government, responsibilities towards society, responsibilities towards owners)

Group A  Group B
A. After Sales Service _______________
B. ______________ timely payment of taxes
C. protest anti-social activities _______________
D. fair practices on stock exchange _______________
E. _____________ Reasonable profit

Choose the Correct Answer.

Which type of Responsibility gives the benefit to the Society out of its profits earned?


Choose the Correct Answer.

Socially Responsible business provides goods at ______


Who are called Stakeholders?


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


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