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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
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
Define social responsibility and differentiate between social obligation and social responsiveness?
•Social Obligation ØThe obligation of a business to meet its economic and legal responsibilities and nothing more. •Social Responsiveness ØWhen a firm engages in social actions in response to some popular social need. •Social Responsibility ØA business's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.
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 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 is social obligation approach?
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.
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 the meant by the term responsibility?
any duty, obligation, or burden.
What is meant by administrative system in business?
What is meant by administrative system in business? What is meant by administrative system in business?
What word is the obligation of a business that contribute to the well being of a community?
The word that describes the obligation of a business to contribute to the well-being of a community is "corporate social responsibility" (CSR). CSR encompasses a company's efforts to engage in ethical practices, support community initiatives, and promote sustainable development. This commitment goes beyond profit-making to include a focus on social, environmental, and economic impacts. Ultimately, CSR reflects a business's responsibility to its stakeholders and society at large.
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.
