CramX Logo
Application of Social Responsibility Across Different Forms of Business - Document preview page 1

Application of Social Responsibility Across Different Forms of Business - Page 1

Document preview content for Application of Social Responsibility Across Different Forms of Business

Application of Social Responsibility Across Different Forms of Business

Examines how businesses apply social responsibility principles across different organizational structures.

Michael Davis
Contributor
4.3
0
12 months ago
Preview (2 of 1 Pages)
100%
Log in to unlock
Page 1 of 2
Application of Social Responsibility Across Different Forms of Business - Page 1 preview imageApplicationofSocialResponsibilityAcrossDifferentFormsofBusinessQuestion:-Whatformsofbusinesscantheconceptofsocialresponsibilityareapplied?PleasedescribeAnswer:-Socialresponsibilitymeanstheobligationofbusinesstoactinamannerwhichwillsthebestinterestsofthesociety.Socialobligationofabusinessrelatestothevoluntaryeffortsonthepartofbusinessmentocontributetothesocialwellbeing.Socialresponsibilityisbroaderthanlegalresponsibilityofbusiness.Legalresponsibilitymaybefulfilledbymerecompliancewiththelaw.Socialresponsibilityismorethanthat.Itisfirm’srecognitionofsocialobligationseventhoughnotcoveredbylaw,alongwiththeobligationslaiddownbylaw.1.Businessisacreationofsocietyanditusessociety’sresources.SobusinessisStudyXY
Page 2 of 2
Application of Social Responsibility Across Different Forms of Business - Page 2 preview imageDownloadedfromStudyXY.com®+StudyXYSdYe.o>\|iFprE\3SStudyAnythingThisContentHasbeenPostedOnStudyXY.comassupplementarylearningmaterial.StudyXYdoesnotendroseanyuniversity,collegeorpublisher.Allmaterialspostedareundertheliabilityofthecontributors.wv8)www.studyxy.com