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Question
Define the Concept of Social Responsibility?
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Solution
“Social Responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength, and harmony” – Peter F. Drucker.
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RELATED QUESTIONS
Write short note on the following.
Corporate social responsibility.
State the meaning of Corporate Social Responsibility as per the Companies Act 2013.
Explain the following term/concept.
Social responsibility
Explain the following term/concept.
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Select the correct option.
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| 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 |
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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?
Legal responsibility is broader than the social responsibility of business.
