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Social obligation is the requirement that businesses act with the community in mind. Many businesses are mindful of their social responsibilities in their operations.
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What is a liablity?
an external source of the business or liabilities are obligation of the business
What are the Nature of Balance Sheet?
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.
What is meant by competitor?
Any person or company which is rival of business whether is in same industry or not in which the business is operating.
What is meant by the term business objective?
A business objective is a goal the business has established. Businesses create objectives so that they can ensure they are moving forward in operations.
What is meant by ANR in credit card Business?
Annual Net Revenue
Define social responsibility and differentiate between social obligation and social responsiveness?
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.
What are the examples of personal obligation?
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.
Define social responsibility by business?
Is the obligation of management to protect and improve the welfare of society alongside the interest of the business enteprise
What is meant by social responsibilies of business?
The social responsibility of a business refers to the giving back by the society as a result of being supported in a given society.
What is the difference among social responsiveness social obligation and social responsibility?
social obligation - needs to obey the rules social responsiveness - make the rules social responsibility - taking more pro active stance on action
What is a liablity?
an external source of the business or liabilities are obligation of the business
What is meant by the term obligation?
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.
What are social responsibilities?
Social responsibilities refer to an obligation that individuals or businesses have to solve social problems.
What is the meant by the term responsibility?
any duty, obligation, or burden.
What is meant by business promotion?
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? What is meant by administrative system in business?
Social responsibility of business is to increase its profit elucidate this statement in the context of the economists?
The social responsibility of business is to increase its profit elucidate this statement in the context of the economist. Social responsibility should not be meant for profits but to the thank the loyal customers for buying certain goods.
