Advertisements
Advertisements
प्रश्न
What are the major areas of social responsibility of business?
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Any ‘five cases’ (needs) of social responsibilities of business.
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 .
Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.
Choose the correct option for the following:
Business people have the skills to solve
Give one word/phrase/term for the following sentence.
Name the philosophy related to social responsibility propounded by Mahatma Gandhi.
The media does not play important role in public life.
Social responsibility is broader than ______ responsibility.
Answer in one sentence.
What type of advertising should be avoided?
Correct the underlined word and rewrite the sentence.
Social values are based on perceptions of right or wrong.
What is corporate social responsibility?
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 ______
Who are called Stakeholders?
Enumerate the points relating to why business units are Socially Responsible?
