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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Define the Concept of Social Responsibility?

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Question

Define the Concept of Social Responsibility?

Short/Brief Note
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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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Chapter 17: Social responsibility of business - Exercises [Page 177]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 17 Social responsibility of business
Exercises | Q III. 1. | Page 177

RELATED QUESTIONS

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


State with reasons whether the following statements are True or False

Business organisations do not have various types of social responsibilities.


State with reasons, whether the following statement is True or False:

The business organisation has various types of social responsibilities.


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Select the correct option.

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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

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A. After Sales Service _______________
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C. protest anti-social activities _______________
D. fair practices on stock exchange _______________
E. _____________ Reasonable profit

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Socially Responsible business provides goods at ______


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Explain the following term/concept in detail:

Globalisation


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