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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
Any ‘five cases’ (needs) of social responsibilities of business.
Government has established _______ to settle consumers’ disputes by compromise.
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.
Distinguish between the following.
Traditional social responsibility and corporate social responsibility.
Choose the correct option for the following:
Social responsibility is
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
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.
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 | ||
Businessmen are trustees of society.
Correct the underlined word and rewrite the sentence.
Social responsibility is a narrower term than legal responsibility of business.
Correct the underlined word and rewrite the sentence.
Social values are based on perceptions of right or wrong.
Choose the Correct Answer.
The Stakeholders of Socially Responsible business units are except ______
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?
Define the Concept of Social Responsibility?
