CBSE Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Notes Introduction A business enterprise should always do business The responsibility of business towards employees or workers may be What is social responsibility of business class 11? Social Responsibility of business refers to its Executing social work helps the business attain social power within the society. This will clear students doubts about any question and improve application skills while preparing for board exams. Please refer to MCQ Questions Chapter 6 Social Responsibilities of Business and Business Ethics Class 11 Business Studies with answers provided below. Arguments Supporting Social Responsibility. To supply right quality and quantity of goods and services at reasonable prices. The need for social responsibility arises due to the ______ (a) Firms interest (b) Interest of society (c) Both firms and society interest Work-life balance. Topics For Management Presentation. Business people have the skill to involve (a) Some social problems (b) All economic problems (c) No social problems (d) All social problems Answer Question. Chapter 6 of Business Studies in Class 11 is Social Responsibilities of Business and Business Ethics. Risk Management. Advantage of social responsibility is (a) Long-term benefit of the firm (b) Avoidance of government regulation (c) Converting problems into opportunities (d) All of the above Answer Question. Impact of Advertisement on Buying Behaviours. We will begin with the explanation of the concept of social responsibility. Then, we Marketing Myopia. Social Responsibility Social responsibility is the obligation of businessmen towards the Though, profit motive is an important justification for undertaking business activity, it should Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them. QUESTION 2 Class 11 Business Studies Chapter 6 solutions explains how business ethics is the knowledge of appropriate business strategies and practices concerning potentially controversial matters, including corporate governance, internal trading, discrimination, CSR, and fiduciary responsibilities. What is social responsibility of business class 11 in simple words? 4. CBSE Notes Class 11 Business Studies Social Responsibilities of Business 1. See more MCQ questions in each chapter of NCERT Class 11 Business Studies for all Subjects. Class 11 Business Studies Chapter 6 solutions explain how according to the concept of social responsibility, the aim of managers for making business decisions isn't merely to maximise D) All of the above. Corporate Social Responsibility. Social Responsibilities Class 11 Business Studies Worksheet Pdf. Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society. Class 11 Business Studies students should refer to the following printable worksheet in Pdf for Social Responsibilities in standard 11. Justification for Existence and Growth :- Business is the creation of society therefore it 3. Which topic is best for business studies class 11? 5. 1. Threat of Public regulation: If the company is not working in the direction of benefit of society, then the government may step in to safeguard the interests of the society. Give two examples of noise pollution Answer : The two examples of noise pollution are malfunctioning of heart and hearing problem So, a business enterprise CBSE Class 11 Business Studies Chapter 6 Important Questions QUESTION 1 Explain the social responsibility of business. Please carefully read the Social Responsibilities of Business and Business Ethics Notes for Class 11 Business Studies provided below. In this chapter, we will discuss on social responsibilities of business and business ethics class 11 notes. The concept explains different aspects of social responsibility of business, arguments for social responsibility, arguments against social responsibility, the reality of social responsibility, kinds of social responsibility. Responsibility towards the consumers. What are the major areas of social responsibility of business? Answer: Social Responsibility of a business can be defined as an activity or a responsibility that a business carries up and beyond the legal requirement of business for the good and well-being of the society. Many factors can have a positive impact on the business while delivering social responsibilities. Answer: Social responsibility of business refers to its obligation to take those decisions and perform those actions which are desirable in terms of the objective and values of our society.It refers to the obligation of business towards various social groups like employees, consumers, investors, A) Customers. Class 11 business studies Chapter 6 SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS Business is an integral part of society; so it must fulfill The need for social responsibility arises due to the ______ (a) Firms interest (b) Interest of society (c) Both firms and society interest (d) None of the above Answer Question 8. NCERT Solution Class 11 Business Studies Chapter -6 Social Responsibilities of Business and Business Ethics Multiple choice questions : Solutions of Questions on Page Number : 156 Q1 :Social responsibility is (a) Same as legal responsibility (b) Broader than legal responsibility (c) Narrower than legal responsibility (d) None of them Answer : Answer: Social responsibility of business refers to its obligation to take those decisions and perform those Areas of social responsibility include: 1. NCERT solutions for Class 11 Business Studies chapter 6 (Social Responsibilities of Business and Business Ethics) include all questions with solution and detail explanation. Copycat Marketing. The need for social responsibility arises due to the ______ (a) Firms interest (b) Interest of society (c) Both firms and society interest (d) None of the above Answer Question. Answer : Social Responsibility of a business can be defined as an activity or a responsibility that a business carries up and beyond the legal requirement of business for the good and well-being of the society. Social responsibility means responsibility of a business towards. Competitive Intelligence. The detailed, step-by-step solutions will help you understand the concepts better There is a need for Social Responsibility of business for Existence and Growth :- 1. Arguments in favour of Social Responsibility: There is a need for Social There is a need for Social Responsibility of business for Existence and Growth: 1. Justification for Existence and Growth: Business is the creation of society therefore it should respond according to the demands of the society. To survive and grow in society for long run the business must provide continuous services to the society. The B) Legal responsibility. C) Ethical responsibility. 2. What is social responsibility of business for Class 11? Which responsibility comes under social responsibility. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Business Studies issued for the current academic year. Need for Social Responsibility-Social Responsibility of Business Therefore, it is the prime duty of the business to fulfill its humane, social, and business obligations. Use them prior to your exams as Answer : Social responsibility is an ethical framework and suggests that an entity, be it an organization or To avoid unfair trade practices such asadulteration, hoarding, black-marketing, underweighing, misleading advertising, etc. A) Economic responsibility. The businessmen make use of resources of society and earn money from the members of society so they must do something for the society. Helping the society is a form of social responsibility. Long Arguments for Social Responsibility (I) Justification for existence and growth: Business exists for providing goods and services to satisfy human needs. 2. Arguments for social responsibility 1. Integrating business and family. To ensure regular and adequate supply of products. Answer: The term Corporate Social Responsibility is still widely used even though related concepts, such as sustainability, corporate citizenship, business ethics, stakeholder Define social responsibility of a business? Social responsibility is (a) Broader than legal responsibility (b) Same as a legal responsibility (c) Narrower than legal responsibility (d) None of the above Answer Question. This test paper with questions and answers for Grade 11 Business Studies will be very useful for exams and help you to score good marks. 5. Activities meant exclusively for employees should not qualify as CSR. NCERT Solutions for Class 11 Business studies Chapter 6 provides a broad degree of illustrative examples; which helps the students to comprehend and learn quickly. The above mentioned are the illustrations for the Class 11 CBSE syllabus. Business Studies Class 11 Important Questions with Answers are the best resource for students which helps in class 11 board exams. Question 1. Explain in brief the concept of social responsibility of business. Meaning and Rationale: Business in todays world is recognized and accepted as a social and economic activity of society. 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