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Micheal Vaz solutions for 12th Board Exam Organisation of Commerce and Management chapter 4 - Social Responsibility of Business

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Micheal Vaz Micheal Vaz Class 12 Organisation of Commerce and Management

Micheal Vaz Class 12 Organisation of Commerce and Management - Shaalaa.com

Chapter 4: Social Responsibility of Business

Select the proper optionOthersMatch the correct pairWrite a word or phraseDistinguish between the followingWrite short note on the following.True or FalseAnswer the following question.Long answer type question

Chapter 4: Social Responsibility of Business Exercise Select the proper option solutions [Pages 120 - 121]

Select the proper option | Q 1 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Businessmen are ________ of the society.

  • Representatives

  • Members

  • Trustees

Select the proper option | Q 2 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
In modern business environment, ________ provides more opportunities and challenges

  • Privatization

  • Globalization

  • Specialization

Select the proper option | Q 3 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business organization should try to make ________ utilization of natural resources.

  • minimum

  • maximum

  • optimum

Select the proper option | Q 4 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business is a ________ activity.

  • Socio-economic

  • Industrial

  • Profit making

Select the proper option | Q 5 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Location of industries should be in ________ zones.

  • Residential

  • Industrial

  • Commercial

Select the proper option | Q 6 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
For economic growth and national security, ________ stability is required.

  • Political

  • Social

  • Natural

Select the proper option | Q 7 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business organization is a part of ________.

  • Industry

  • Government

  • Society

Select the proper option | Q 8 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
To make timely payment of proper taxes is the responsibility of organization towards ________.

  • Shareholders

  • Customers

  • Government

Select the proper option | Q 9 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Ultimate goal of business must be satisfaction of ________.

  • Shareholders

  • Consumers

  • Owners

Select the proper option | Q 10 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
To maintain industrial peace is the responsibility of organization towards ________.

  • Customers

  • Employees

  • Society

Select the proper option | Q 11 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business or organization should protect health and provide safety measures to ________.

  • Employees

  • Shareholder

  • Customers

Select the proper option | Q 12 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
To maintain safety of investment is responsibility of business towards _______.

  • Community

  • Investors

  • Employees

Select the proper option | Q 13 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business organization can maximize profitability by ________ wastage.

  • Ignoring

  • Utilizing

  • Minimizing

Select the proper option | Q 14 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business should provide periodic information to ________.

  • Customers

  • Owners

  • Employees

Select the proper option | Q 15 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business ethic refers to the system of _______ principles.

  • Economic

  • Social

  • Moral

Select the proper option | Q 16 | Page 120

Select the proper option from the option given below and rewrite the completed sentence.
Business ethics is a ________ structured examination of behaviour of people.

  • Moral

  • Critical

  • Economical

Select the proper option | Q 17 | Page 121

Select the proper option from the option given below and rewrite the completed sentence.
Business organization should not create _________ profit.

  • Reasonable

  • Secret

  • Maximum

Q 18 | Page 121

Select the proper option from the option given below and rewrite the completed sentence.
Business organization should avoid creation of ________.

  • Trade Unions

  • Consumer's cell

  • Monopoly

Select the proper option | Q 19 | Page 121

Select the proper option from the option given below and rewrite the completed sentence.
Environmental management System is mandatory in ________.

  • India

  • USA

  • China

Select the proper option | Q 20 | Page 121

Select the proper option from the option given below and rewrite the completed sentence.
Environmental Management System which provides guidelines for incorporating eco-design is ________.

  • ISO 14001-2004

  • ISO 14005-2010

  • ISO 14006-2011

Chapter 4: Social Responsibility of Business Exercise Match the correct pair solutions [Page 121]

Match the correct pair | Q 1 | Page 121

Match the correct pairs.

  Group “A”   Group “B”
a. Responsibility to
owners
1 Good working condition
b. Consumers 2 Branch of philosophy
c. Responsibility to
investors
3 To serve society
d. Economics objective 4 To help small scale
industry
e. Business ethics 5 Earning foreign
exchange
    6 Creating goodwill
    7 Branch of social science
    8 To earn profit
    9 To maintain
transparency
    10 Good quality product
Match the correct pair | Q 2 | Page 121

Match the correct pairs.

  Group “A”   Group “B”
a. Business ethics 1. Respecting rules and
regulations
b. Employees 2. Proper conduct of meeting
c. Responsibility
towards community
3. Negotiations with
management
d. Responsibility
towards government
4. Pollution control
e. Trade union 5. Good quality product
    6. Help to weaker sections
of society
    7. Provide after sales
services
    8. Confidentiality
    9. Job security
    10. To maintain solvency and
prestige

Chapter 4: Social Responsibility of Business Exercise Write a word or phrase solutions [Pages 121 - 122]

Write a word or phrase | Q 1 | Page 121

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 | Q 2 | Page 122

Write a word or phrase or a term which can substitute the following.
Indian philosopher who had promoted concept of social responsibility in ancient times.

Write a word or phrase | Q 3 | Page 122

Write a word or phrase or a term which can substitute  the following.
The newest management strategy about social obligations of business.

Write a word or phrase | Q 4 | Page 122

Write a word or phrase or a term which can substitute  the following.
Movement of the consumers against business malpractices.

Write a word or phrase | Q 5 | Page 122

Write a word or phrase or a term which can substitute the following.
An activity motivated by profit.

Write a word or phrase | Q 6 | Page 122

Write a word or phrase or a term which can substitute  the following.
The name of employee's organization protecting their rights.

Write a word or phrase | Q 7 | Page 122

Write a word or phrase or a term which can substitute the following.
Creditors who provide finance to business organization.

Write a word or phrase | Q 8 | Page 122

Write a word or phrase or a term which can substitute the following.
Getting good quality products is the basic right of this group of society.

Write a word or phrase | Q 9 | Page 122

Write a word or phrase or a term which can substitute  the following.
A set of principles of right conduct.

Write a word or phrase | Q 10 | Page 122

Write a word or phrase or a term which can substitute the following.
Rules of standards dealing with morality in business environment.

Write a word or phrase | Q 11 | Page 122

Write a word or phrase or a term which can substitute  the following.
Corporate ethics which is a form of applied ethics.

Write a word or phrase | Q 12 | Page 122

Write a word or phrase or a term which can substitute the following.
An element of business ethic in which opinions and feedbacks from clients are considered.

Write a word or phrase | Q 13 | Page 122

Write a word or phrase or a term which can substitute the following.
Running efficient business is the responsibility of business towards this group.

Write a word or phrase | Q 14 | Page 122

Write a word or phrase or a term which can substitute the following.
Providing fair returns on investment is the responsibility of organization towards this group.

Write a word or phrase | Q 15 | Page 122

Write a word or phrase or a term which can substitute the following.
The critical, structured examination of how people and institutions behave in the world of commerce.

Chapter 4: Social Responsibility of Business Exercise Distinguish between the following solutions [Page 122]

Distinguish between the following | Q 1 | Page 122

Distinguish between the following.
Traditional social responsibility and corporate social responsibility.

Chapter 4: Social Responsibility of Business Exercise Write short note on the following. solutions [Page 123]

Write short note on the following. | Q 1 | Page 123

Write short note on the following.
Corporate social responsibility.

Write short note on the following. | Q 2 | Page 123

Write short note on the following.
Features of business ethics.

Write short note on the following. | Q 3 | Page 123

Write short note on the following.
Social responsibility towards owners.

Write short note on the following. | Q 4 | Page 123

Write short note on the following:
Effects of business on environment.

Write short note on the following. | Q 5 | Page 123

Write short note on the following:
Elements of Business Ethics.

Write short note on the following. | Q 6 | Page 123

Write short note on the following:
Advantages of Protecting Business Environment.

Write short note on the following. | Q 7 | Page 123

Write short note on the following:
Relationship of business and environment.

Chapter 4: Social Responsibility of Business Exercise True or False solutions [Page 123]

True or False | Q 1 | Page 123

State with reason whether the following statement is true or false.
A business unit is a part of society.

  • true

  • false 

True or False | Q 2 | Page 123

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

Tangible goal of earning profit is the sole objective of business.

  • True 

  • False 

True or False | Q 3 | Page 123

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

Expectations of society and public towards business are changing

  • True 

  • False 

True or False | Q 4 | Page 123

State with reason whether the following statement true or false.

Business organization can use natural resources as they want.

  • True

  • False 

True or False | Q 5 | Page 123

State with reason whether the following statement true or false.

Business organization can participate in solving complex social problems.

  • True 

  • False 

True or False | Q 6 | Page 123

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

Role of media exerts major influence on business organization.

  • True 

  • False 

True or False | Q 7 | Page 123

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

Business should not disclose their records to investors.

  • True 

  • False

True or False | Q 8 | Page 123

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

Providing career opportunities to employees is the responsibility of business.

  • True

  • False 

True or False | Q 9 | Page 123

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

Management should avoid worker's participation while making decisions.

  • True

  • False 

True or False | Q 10 | Page 123

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

Business organization is not liable to control pollution.

  • True 

  • False 

True or False | Q 11 | Page 123

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

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

  • True

  • False 

True or False | Q 12 | Page 123

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

Ethics is a branch of politics.

  • true 

  • false 

True or False | Q 13 | Page 123

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

Business ethics are applicable to all business organizations.

  • true

  • false 

True or False | Q 14 | Page 123

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

Every business organization should pay attention to business ethics while conducting their activities.

  • True

  • False

True or False | Q 15 | Page 123

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

Business ethics can be considered as a tool for social development.

  • True

  • False

True or False | Q 16 | Page 123

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

Introducing Environment Management techniques benefit business organization.

  • True

  • False

True or False | Q 17 | Page 123

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

Business and environmental protection are contradictory.

  • True

  • False 

Chapter 4: Social Responsibility of Business Exercise Answer the following question. solutions [Pages 123 - 124]

Answer the following question. | Q 1 | Page 123

Answer the following question.
State any five cases of social responsibility.

Answer the following question. | Q 2 | Page 123

Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.

Answer the following question. | Q 3 | Page 123

Answer the following question.
State responsibilities of business towards government.

Answer the following question. | Q 4 | Page 123

Answer the following question.
What is business ethics? What are the elements of business ethics?

Answer the following question. | Q 5 | Page 123

Answer the following question.
State responsibilities of business organization towards owners.

Answer the following question. | Q 6 | Page 123

Answer the following question.
State concept of business ethics in details.

Answer the following question. | Q 7 | Page 123

Answer the following question.
How do business organizations create pollution?

Answer the following question. | Q 8 | Page 124

Answer the following question.
What steps should be followed by business to protect environment?

Chapter 4: Social Responsibility of Business Exercise Long answer type question solutions [Page 124]

Long answer type question | Q 1 | Page 124

Long answer type question.
Define the term “corporate social responsibility”. Explain the responsibilities of business towards employees.

Long answer type question | Q 2 | Page 124

Long answer type question.
Explain the responsibilities of a business unit towards the community and public at large.

Long answer type question | Q 3 | Page 124

Long answer type question.
Explain different cases for social responsibilities.

Long answer type question | Q 4 | Page 124

Long answer type question.
Which responsibilities are expected to be fulfilled by business units towards consumers?

Long answer type question | Q 5 | Page 124

Long answer type question.
What types of guidelines should be followed by business to protect environment?

Chapter 4: Social Responsibility of Business

Select the proper optionOthersMatch the correct pairWrite a word or phraseDistinguish between the followingWrite short note on the following.True or FalseAnswer the following question.Long answer type question

Micheal Vaz Micheal Vaz Class 12 Organisation of Commerce and Management

Micheal Vaz Class 12 Organisation of Commerce and Management - Shaalaa.com

Micheal Vaz solutions for 12th Board Exam Organisation of Commerce and Management chapter 4 - Social Responsibility of Business

Micheal Vaz solutions for 12th Board Exam OCM chapter 4 (Social Responsibility of Business) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Micheal Vaz Class 12 Organisation of Commerce and Management solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Micheal Vaz textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in 12th Board Exam Organisation of Commerce and Management chapter 4 Social Responsibility of Business are Case of Social Responsibility, Responsibility Towards - Owners, Responsibility Towards - Investors, Responsibility Towards - Consumers, Responsibility Towards - Employees, Responsibility Towards - Government, Responsibility Towards - Community, Responsibility Towards - Public in General, Meaning of Environment Protection and Business, Concept of Business Ethics, Elements of Business Ethics, Concept of Social Responsibility, Role of Environment Protection and Business.

Using Micheal Vaz 12th Board Exam solutions Social Responsibility of Business exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Micheal Vaz Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Micheal Vaz Textbook Solutions to score more in exam.

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