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Question
It is the responsibility of the commercial organizations to maintain industrial peace.
Options
True
False
MCQ
True or False
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Solution
This statement is false.
Explanation:
In normal business classification, “commerce” refers to the distribution of commodities, whereas “industry” is concerned with manufacture and production. Due to this clear distinction, maintaining industrial peace is theoretically the responsibility of industrial firms rather than commercial ones. Furthermore, industrial peace is a collaborative obligation shared by management, workers, and the government.
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Responsibilities Towards Different Interest Groups - Responsibilities Towards Consumers
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Chapter 6: Social Responsibilities of Business - Exercise [Page 129]
