Maharashtra State BoardHSC Commerce 12th Board Exam
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State with Reason Whether the Following Statement is True Or False. Business Organization Cannot Contribute to Raise Standard of Living of Society. - Organisation of Commerce and Management

True or False

State with reason whether the following statement is true or false.

Business organization cannot contribute to raise standard of living of society.


  • True

  • False 

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Business organisation cannot contribute to raise the standard of living of society. False
Business organisations can help in raising the standard of living of people by conducting welfare activities like improving infrastructure (building roads and dams), educating society on technological advancement, raising voice against social evils of society like child labour, dowry and female infanticide and providing high-quality goods and services to their customers.

Concept: Role of Environment Protection and Business
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Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 4 Social Responsibility of Business
True or False | Q 11 | Page 123
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