ASSIGNMENT 6 – Social Responsibility
Q1. Identify the type of social responsibility:
1) purely voluntary obligation
2) primary social responsibility
3) using environmental friendly methods
4) providing charitable contributions to educational institutions
5) produce goods and services that society wants and sell them at a profit.
6) supply of quality goods at reasonable prices
7) operate within the laws of the land.
8) the behaviour of the firm that is expected by society but not codified in law.
9) respecting the religious sentiments and dignity of people while advertising for a product.
10) an element of voluntary action in performing this responsibility.
11) helping the affected people during floods or earthquakes.
12) There is little discretion in performing this responsibility.
Q2. Identify the interest group towards which Social Responsibility is highlighted below:
1) pay taxes regularly and honestly.
2) To ensure welfare facilities such as medical care, housing, insurance cover
3) To provide information about the schemes of future growth.
4) To work and contribute towards the rescue and relief work in case of earthquake, flood
5) To ensure a fair deal from the management
6) Create awareness about new products and new uses of the existing products.
7) Solving various national problems like poverty, illiteracy, unemployment.
8) Recognising efforts and giving rewards for better performance.
9) To ensure safety of investment.
10) To provide fair remuneration
11) To discourage the tendencies of concentration of economic power and monopoly.
12) To provide assistance to religious institutions, hospitals, dispensaries, educational institutions
13) To win cooperation by creating better personnel relations
14) take proper precaution against adulteration, poor quality, lack of desired service and courtesy
15) create the right kind of working conditions
16) Supply of right quality and quantity of goods and services at reasonable prices
17) To provide opportunities for the growth and development
18) respect the democratic rights to form trade unions
19) To adopt fair dealing in foreign trade in order to maintain country’s reputation.
20) provide with regular, accurate and full information about working of company.
21) develop a proper image through continuous interaction with various groups of people.
22) protect the natural environment
Q3. _____________refers to its obligation to take those decisions and perform those actions which are desirable in
terms of the objectives and values of our society.
Q4. _____________responsibility may be fulfilled by mere compliance with the law.
Q5. Social responsibility is _________ than legal responsibility of business.
Q6. A definite commitment by _____________ of the enterprise to create, maintain and develop work culture for
environmental protection and pollution prevention.
Q7. How is social responsibility of business different from legal responsibility?
Q8. _________________are socially determined moral principles which govern business activities.
Q9. Supreme Ltd is a partnership firm where Krishna and Sahil are two partners in this firm. Almost all the
transactions of this firm are done through the electronic medium. Sahil wants to set up anti-pollution plant in
his factory but Krishna does not want.
Identify and explain the unethical behavior of the firm in the above case. What steps can be taken to resolve
the matter.
Q10. ABC Ltd. is a well-known company. The company is committed to treat everyone fairly with respect
and dignity, regardless of difference in age, caste, creed and gender etc. It not only abide by all the laws and
pay taxes on time, but also make serve it participate in social services projects. It prefers to give fair
advertisement without any exaggeration, and charge fairly and maintain quality. It manages work effectively
and efficiently and minimize waste to maximize the return. The company is running a charitable hospital to
provide medical facility.
By quoting lines from the paragraph, identify different Interest Groups towards which company is fulfilling
its social responsibilities.
Q11. Mr Raghav is the owner of readymade garments factory. His main motive is maximizing profit. For
this he is charging high prices from the customers while supplying low quality products. He does not provide
good working conditions to the workers, and does not pay them reasonable remunerations. Even he did not
bother about the pollution caused by factory. As a result, the efficient employees started leaving the
organisation. The government put a heavy penalty for causing pollution, and even the number of customers
gradually decreased day by day.
a) What do you think is lacking by Mr. Raghav?
b) What should be done to resolve the problem?
