Q.List the kinds of social responsibility.

The kinds of social responsibility are the duties of a business towards its owners, employees, consumers, community, government and the environment.

Social responsibility means the obligation of a business to act in ways that benefit society along with earning profit, as covered in the TN HSC Class-11 Commerce syllabus. It is owed to several interest groups:

1. Responsibility towards owners/shareholders — to safeguard their capital and give a fair, reasonable return on their investment.
2. Responsibility towards employees — to pay fair wages, provide good working conditions, job security and welfare.
3. Responsibility towards consumers/customers — to supply quality goods at fair prices, avoid adulteration and unfair practices, and give correct information.
4. Responsibility towards the community/society — to help in social welfare, generate employment, and avoid harmful activities. …