Class 11 Business Studies - Chapter Social Responsibilities of Business and Business Ethics NCERT Solutions | Explain the social responsibilities of a
Explain the social responsibilities of a business towards various stakeholders.
Businesses have diverse responsibilities toward different stakeholders. For consumers, they must provide quality goods and services at reasonable prices, ensuring safety and satisfaction. Toward employees, businesses should ensure safe working conditions, fair wages, and opportunities for personal growth. Investors expect adequate returns on their investments and transparency in financial dealings. Society benefits from businesses contributing to community development, promoting education, healthcare, and environmental sustainability. Additionally, businesses must comply with government policies, pay taxes promptly, and support national development initiatives. Balancing these responsibilities helps businesses build trust and foster positive relationships with their stakeholders.
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1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
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1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s6. The equity-based joint venture does not include
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