Concept of social responsibility

Correct answer: A. Considers social and environmental welfare while earning profit

A socially responsible business seeks economic viability while considering how its decisions affect customers, employees, communities, society, and the environment. It follows laws, behaves ethically, and tries to reduce avoidable harm. Profit is important for survival, but profit alone does not define social responsibility; misleading customers and ignoring rules are contrary to it. Hence A is correct.

Correct answer: A. Giving correct information to customers and maintaining quality

A responsible entrepreneur provides truthful information and strives to deliver the promised level of quality. This enables customers to make informed choices and builds satisfaction, trust, and long-term relationships. False promises, delayed service, and suppressing complaints are irresponsible because they hide problems or fail to respect customer interests. Therefore, option A best represents responsible conduct.

Correct answer: A. Solve a social problem while earning sustainable income

A social enterprise is formed to address a social or environmental need through an organised and financially sustainable activity. It may earn revenue and even make a surplus, but income supports the continuing mission rather than being the only purpose. Private luxury, evading law, and misleading customers are not objectives of responsible social enterprise.

Correct answer: B. Solving a social problem along with earning profit

Social entrepreneurship applies entrepreneurial methods to address a social or environmental problem while generating enough income to sustain the activity. Earning profit is not automatically inconsistent with social purpose when the business creates meaningful impact and remains responsible. Selling only an expensive product does not establish social benefit, while hiding complaints and denying training are poor ethical practices rather than social entrepreneurship.

Correct answer: A. A profitable venture that provides jobs to rural women

Social entrepreneurship combines an entrepreneurial method with a clear social purpose, such as creating livelihoods, improving access, or addressing a community problem. The venture in A aims to earn income while providing employment, which can support sustainability. High prices, purposeless spending, or advertising alone do not establish social entrepreneurship.