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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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संबंधित प्रश्न
State with reasons whether the following statements are True or False
Business organisations do not have various types of social responsibilities.
Commercial organisations have different types of social responsibilities.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.
Choose the correct option for the following:
If business is to operate in a society which is full of diverse and complicated problems, it may have
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.
For economic growth and national security ______ stability is required.
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 |
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| 10) | Protection and environment | ||
Businessmen are trustees of society.
The media does not play important role in public life.
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. |
- By doing this they are following social responsibilities towards which interest groups?
- What values are they presenting?
- What kind of responsibilities employer follows in the above case?
Justify the following statement.
The role of media has a major influence on business organizations.
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.
The Stakeholders of Socially Responsible business units are except ______
Choose the Correct Answer.
Socially Responsible business provides goods at ______
Enumerate the points relating to why business units are Socially Responsible?
Discuss the different groups that benefited from the Social Responsibility of business?
