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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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पाठ 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
पाठ 6 Social Responsibilities of Business
Exercise | Q 6. 5) | पृष्ठ १३१

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

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


Fulfillment of social responsibility shows _________ image of the organisation .


Business organisations have no 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.


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:
Business people have the skills to solve


State the meaning of Corporate Social Responsibility as per the Companies Act 2013.


For economic growth and national security ______ stability is required.


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 the legal responsibility of business.


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

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.


Justify the following statement.

The role of media has a major influence on business organizations.


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?


Explain in detail the concept and need for Social Responsibility?


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