Social obligation is the requirement that businesses act with the community in mind. Many businesses are mindful of their social responsibilities in their operations.
an external source of the business or liabilities are obligation of the business
The nature of a balance sheet is to list every financial business and resource obligation that a business has. They detail many aspects like liabilities, equity, and assets.
Any person or company which is rival of business whether is in same industry or not in which the business is operating.
A business objective is a goal the business has established. Businesses create objectives so that they can ensure they are moving forward in operations.
Annual Net Revenue
social obligation is feeling morally or legally bound/ indebted to society. it is a moral responsibility to do something generally acceptable by society. For example, parents have a social obligation to teach children good manners.
Is the obligation of management to protect and improve the welfare of society alongside the interest of the business enteprise
Social responsibility is the ethical framework that suggests individuals and organizations have an obligation to act for the benefit of society at large. Social obligation refers to the requirement to meet certain societal norms and legal regulations, which are minimum expectations for social behavior. Social responsiveness is the proactive nature of addressing social issues and going beyond mere compliance, demonstrating a commitment to advancing social well-being.
The social responsibility of a business refers to the giving back by the society as a result of being supported in a given society.
social obligation - needs to obey the rules social responsiveness - make the rules social responsibility - taking more pro active stance on action
The social obligation approach suggests that businesses should carry out activities that benefit society beyond their financial responsibilities. This approach emphasizes a company's commitment to contributing positively to the community, environment, and stakeholders, even if it means incurring additional costs. It highlights the importance of ethical behavior and social responsibility in business operations.
an external source of the business or liabilities are obligation of the business
The term obligation means an agreement to do something or a sense of duty. For example one could be under obligation of a contract or feel a sense of obligation to look after a friend.
any duty, obligation, or burden.
Social responsibilities refer to an obligation that individuals or businesses have to solve social problems.
Business promotion is a way to get your business name out in the public. There are several ways to promote a business such as radio advertisement, events, billboards, and social media outlets like Facebook and linked in.
What is meant by administrative system in business? What is meant by administrative system in business?