Advertisements
Advertisements
Question
Businessmen are trustees of society.
Options
True
False
Advertisements
Solution
This statement is True.
Explanation:
The statement “Businessmen are Trustees of Society” is based on Mahatma Gandhi's Trusteeship philosophy. Based on this principle:
- Business owners and industrialists should view themselves as trustees of the wealth and resources they manage.
- They are expected to use these resources properly, not only for personal gain but also for the benefit of society.
- This promotes ethical business activity, social responsibility, and inclusive development.
APPEARS IN
RELATED QUESTIONS
Government has established _______ to settle consumers’ disputes by compromise.
Distinguish between the following.
Traditional social responsibility and corporate social responsibility.
Write short note on the following.
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.
Social responsibility is broader than the legal responsibility of business.
Explain the following term/concept.
Social responsibility
Explain the following term/concept.
Concept of Trusteeship
What is corporate social responsibility?
what is the need for 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 ______
Choose the Correct Answer.
Social Responsibility towards employees represents the following except ______
Who are called Stakeholders?
Enumerate the points relating to why business units are Socially Responsible?
Explain in detail the concept and need for Social Responsibility?
Discuss the different groups that benefited from the Social Responsibility of business?
