Class 11 Business Studies — Chapter 6: SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

What you'll learn

• ▸Concept of Social Responsibility
• ▸Need for Social Responsibility
• ▸Arguments for Social Responsibility
• ▸Corporate Social Responsibility (CSR) - Companies Act, 2013
• ▸Social Responsibility towards different Interest Groups
• ▸Business and Environmental Protection
• ▸Concept of Business Ethics

Chapter Summary

--- PAGE 1 --- 11108CH06 CHAPTER 6 SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS LEARNING OBJECTIVES After studying this chapter, you should be able to: * explain the concept of social responsibility; * discuss the need for social responsibility; * identify the social responsibility towards different interest groups; * analyse the relationship between business and environmental protection; and * define the concept of business ethics and state the elements of business ethics. Reprint 2025-26 --- PAGE 2 --- 134 BUSINESS STUDIES Mani is a young newspaper reporter and has been writing for almost six months on malpractices by business enterprises including such issues as misleading advertisements, supply of adulterated products, poor working conditions, environmental pollution, bribing government officials, and so on. He has started believing that business people tend to do anything to mint money…

Practice Questions from this Chapter

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1. Define social responsibility simply. Get Solution →
2. Name ethical business practices. Get Solution →
3. Stop pollution: what can businesses do? Get Solution →
4. According to the text, what is the concept of social responsibility of business? Get Solution →
5. What is the primary objective of a business, according to the argument that opposes social responsibility? Get Solution →
6. How does the text distinguish between social responsibility and legal responsibility? Get Solution →
7. In India, the concept of Corporate Social Responsibility (CSR) is governed by which Act? Get Solution →
8. Under the Companies Act, 2013, what percentage of average net profit are companies encouraged to spend on CSR activities? Get Solution →

Did you know?

• 💡 Ancient Romans built lead pipes for water, causing widespread, unseen poisoning.
• 💡 There is an island of plastic trash in the Pacific Ocean bigger than Texas.
• 💡 Fair trade ensures workers get a fair price and good conditions for their products.
• 💡 Long ago, some bakers were put in cages for selling bad bread.
• 💡 Many companies now donate a percentage of their profits to help communities.

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