CH 6 Revision

The word ethics has its origin in the ____

• greek work

• Latin word

• Sanskrit word

• Indian word

Corporate Social Responsibility is a term coined in India by ____

• Partnership Act, 1932

• Companies Act , 2013

• Environment Act, 1986

• The Hazardous Wastes Act , 1989

Professional managers who are specialized in management are more interested in

• Satisfying multiple interests of the society

• Profit maximization

• Unethical business practises

• None of the given options

It is the social responsibility of every business to protect the environment by having an effective pollution control programme and technology.Any business which takes this step achieves which of the following benefit?

• Increased customer satisfaction

• Increased workforce

• Cost savings

• Reduction in capital investment

Social responsibility involves an element of (a)   action

Legal provisions make it compulsory for certain classes of ______ to be socially responsible

• Partnership firms

• Sole proprietorships

• Companies

• Cooperative societies

Answer explanation

The CSR provisions within the Act is applicable to companies with an annual turnover of 1000Cr. & more , or a net worth of 500Cr. & more ,or a net profit of 5Cr. & more. 

Providing charitable contributions to educational institutions is _______ responsibility

• Legal

• Discretionary

• Ethical

• Economic

Match the given columns

• 1(iv) , 2(ii) , 3(iii) , 4(i)

• 1(iii) , 2(i) , 3(iii) , 4(iv)

• 1(ii) , 2(iii) , 3(iv) , 4(i)

Karigar Furniture Ltd. provides diverse collection of quality goods at reasonable rates to its customers.The raw materials are imported from China by abiding the government policies and procedures.The company is earning good profits and donates 5% of it's profits for plantation of trees on roadsides.The company also organises training and skill development programs for its employees.The efficient planning and management of the company has offered its owners with reasonable returns for their capital investment.

(a)Providing furniture at reasonable rates is an example of social responsibility towards___

• Customers

• Employees

• Government

• Managers

(b) "donates 5% of it's profits for plantation of trees" - Identify the kind of social responsibility

• Legal

• Discretionary

• Economic

• Ethical