CBSE · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsSocial responsibility of business refers to its obligation to take decisions and perform actions which are desirable in terms of:
Social responsibility of business refers to the obligation of businessmen to pursue those policies, to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society. Therefore, the correct option is objectives and values of our society.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.