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Question
Explain the following term/concept.
Concept of Trusteeship
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Solution
Trusteeship is a socioeconomic philosophy that was propounded by Mahatma Gandhi. It provides a means by which the wealthy people would be the trustees of trusts that looked after the welfare of the people in general. Businessmen are considered to be trustees of society.
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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 |
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| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
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|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
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What type of advertising should be avoided?
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| Yashwant Co. Ltd. is providing facilities for their female staff like a day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions, though they are members of the trade union. |
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Enumerate the points relating to why business units are Socially Responsible?
