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Organisation of Commerce and Management · Class 12 Commerce

Ch 6Social Responsibilities of Business (organisations) — Class 12 Organisation of Commerce and Management, concept-first.

A business does not exist in a bubble. It draws capital from investors, labour from workers, raw material and land from society, and customers from the very community it operates in — and in the process it also produces effects on that same society, some helpful (jobs, goods, taxes) and some harmful if left unchecked (…

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Corporate Social Responsibility (CSR) under the Companies Act, 2013

Under Section 135 of the Companies Act, 2013, a company meeting ANY of three thresholds in the preceding financial year — net worth ≥ Rs 500 crore, turnover ≥ Rs 1,000 crore, or net profit ≥ Rs 5 crore — must constitute…

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Chapter contents

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Overview

A business does not exist in a bubble. It draws capital from investors, labour from workers, raw material and land from society, and customers from the very community it operates in — and in the proce…

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Meaning and Concept of Social Responsibility of Business

Social responsibility of business means the obligation of a business enterprise to take decisions and actions that protect and improve the welfare of society, alongside pursuing its own legitimate int…

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Case For and Against Social Responsibility

Whether business SHOULD carry social responsibility beyond earning profit is a genuine, long- standing debate in management thought, not a settled fact — MSBSHSE's syllabus specifically asks students…

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Responsibility Towards Different Interest Groups

If a business accepts that it owes something to society, the natural next question is: society is not one uniform body — it is made up of distinct groups, each with its own specific claim on the busin…

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Business Ethics

Business ethics refers to the moral principles, values, and standards that govern the conduct, decisions, and dealings of a business or businessperson — the study of what counts as right and wrong beh…

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Corporate Social Responsibility (CSR) under the Companies Act, 2013

For a defined class of large companies, India has converted social responsibility from a purely voluntary choice into a binding statutory obligation — under Section 135 of the Companies Act, 2013, rea…

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Business and Environment Protection

Protecting the environment is one of the most concrete, and one of the most urgent, forms social responsibility takes today.

Exercises

+Show 11 questions11 questions
  1. Q1Under Section 135 of the Companies Act, 2013, a company must constitute a CSR Committee if, during the immediately preceding financial year,…Free
  2. Q2As per Section 135 of the Companies Act, 2013, an applicable company must spend at least what percentage of its average net profit (of the p…Free
  3. Q3State whether True or False, with reason: "Business ethics and social responsibility of business mean exactly the same thing."Free
  4. Q4Explain the meaning of social responsibility of business, and state why a business is said to owe something back to society.Preview
  5. Q5Give any three arguments in favour of (the case FOR) social responsibility of business.Preview
  6. Q6Give any two arguments against (the case AGAINST) social responsibility of business.Preview
  7. Q7Explain business's social responsibility towards (i) shareholders and (ii) consumers.Preview
  8. Q8State any four elements/features of business ethics.Preview
  9. Q9Explain the composition and role of the CSR Committee constituted under Section 135 of the Companies Act, 2013.Preview
  10. Q10Name any four CSR activities specified under Schedule VII of the Companies Act, 2013.Preview
  11. Q11Explain briefly why environmental protection matters to a business, and not only to society at large.Preview

Sample & Board Papers

Sample papers and previous-year board questions for this subject.

+Show 23 questions23 questions
  1. Q1Making timely payment of proper taxes is the responsibility of organisation towards ______. (a) Shareholders (b) Customers (c) GovernmentPreview
  2. Q2Explain the responsibilities of business towards employees?Preview
  3. Q3State responsibilities of business towards the government.Preview
  4. Q4Explain the following term/concept. Social responsibilityPreview
  5. Q5Explain the following term/concept. Concept of TrusteeshipPreview
  6. Q6Explain social responsibilities of commercial organisation towards consumers.Preview
  7. Q7For economic growth and national security ______ stability is required. (a) Political (b) Social (c) EconomicPreview
  8. Q8Find the odd one. (a) Job security (b) Health and safety measures (c) Good working condition (d) Reasonable profitPreview
  9. Q9Explain the following term/concept. Business ethicsPreview
  10. Q10Explain the following term/concept. Corporate Social ResponsibilityPreview
  11. Q11Justify the following statement. The business should allow workers to participate in management.Preview
  12. Q12Businessmen are ______ of the society. (a) Representatives (b) Members (c) TrusteesPreview
  13. Q13Give one word or phrase or a term which can substitute the following. An activity motivated by profit.Preview
  14. Q14State whether the following statement is true or false: Business ethics is a code of conduct. (a) True (b) FalsePreview
  15. Q15Study the following case/situation and express your opinion: | An organisation manufacturing paints has been enjoying a prominent market pos…Preview
  16. Q16Justify the following statement. Expectations of society towards business are changing.Preview
  17. Q17The business should provide periodic information to ______. (a) Customers (b) Owners (c) EmployeesPreview
  18. Q18State whether the following statement is true or false: It is the responsibility of commercial organisation to maintain industrial peace.Preview
  19. Q19Study the following case/situation and express your opinion: | An organisation manufacturing paints has been enjoying a prominent market pos…Preview
  20. Q20Justify the following statement. Business organizations should avoid environmental pollution and ecological imbalance.Preview
  21. Q21Write a word / phrase / term which can substitute the following statement: Duties, obligations of business directed towards welfare of the s…Preview
  22. Q22Write short notes on the following: Social responsibilities of business organizations towards the government.Preview
  23. Q23State with reasons whether the following statement is True or False: Business organizations are liable to control pollution.Preview