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What is corporate social responsibility? - Organisation of Commerce and Management

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प्रश्न

What is corporate social responsibility?

दीर्घउत्तर
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उत्तर

Corporate Social Responsibility (CSR) is a self-regulating business model, aims to contribute to societal goals or support volunteering or ethically-oriented practices. It makes a company socially responsible and accountable. This accountability is towards itself, its stakeholders, the public in general, etc. By practicing social responsibility, companies can be conscious of the economic, social, and environmental aspects of society.

Applicability of CSR:

  1. The companies having a Net worth of 1500 Cr. or more or Turnover of 1000 Cr. or more; or Net
    Profit of 15 Cr. or more during any financial year shall be required to constitute a Corporate
    Social Responsibility Committee of the Board with effect from 1st April 2014.
  2. The Board's report shall disclose the compositions of the CSR Committee.
  3. All companies shall spend, in every financial year, at least 2% of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its
    Corporate Social Responsibility Policy.
  4. The companies shall be required to incorporate in its Board's report, an annual report on CSR.
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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३१]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 6. 5) | पृष्ठ १३१

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

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


Commercial organisations have different types of social responsibilities.


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

Indian philosopher who had promoted concept of social responsibility in ancient times.


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.


Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.


Match the pairs.

Group ‘A’ Group ‘B’
A) Employees 1) Good quality product
B) Responsibility to Investors 2) To maintain solvency and prestige
C) Responsibility towards government 3) To serve society
D) Economic Objective 4) Voluntary
E) Business ethics  5) Job security
    6) Compulsory
    7) Respecting rules and regulations
    8) To earn profit
   

9)

Branch of Social Science

    10) Protection and environment

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.


Social responsibility is broader than ______ responsibility.


Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.


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?

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 ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


What do you mean by Social Responsibility?


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


Discuss the different groups that benefited from the Social Responsibility of business?


Legal responsibility is broader than the social responsibility of business.


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