Advertisements
Advertisements
Question
Social responsibility is broader than the legal responsibility of business.
Options
True
False
Advertisements
Solution
This statement is True.
APPEARS IN
RELATED QUESTIONS
Business organisations have no social responsibilities.
Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
What do you understand by social responsibility of business? How is it different from legal responsibility?
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.
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 |
| E) | Business ethics | 5) | Job security |
| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
| 8) | To earn profit | ||
|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
Give one word/phrase/term for the following sentence.
Name the philosophy related to social responsibility propounded by Mahatma Gandhi.
Businessmen are trustees of society.
______ should be fixed according to the nature and importance of work.
Select the correct option.
(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)
| 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 |
Explain the following term/concept.
Social responsibility
What is the social responsibility of commercial organizations? towards consumers?
What is corporate social responsibility?
Define the concept of social responsibility.
Choose the Correct Answer.
Socially Responsible business provides goods at ______
Give one word or phrase for the following sentence:
Who propounded the concept of trusteeship?
Legal responsibility is broader than the social responsibility of business.
Explain the following term/concept in detail:
Globalisation
