What is the correct relationship between profit and social responsibility?
Answer and explanation
Correct answer: A business can earn profit while being responsible toward society
A business depends on society for customers, employees, resources, and public infrastructure, so responsible conduct is important. Fair dealing, legal compliance, safe products, environmental care, and honest employment practices can support trust and long-term profitability. Option A is correct. Social responsibility is broader than charity, and harming society is neither necessary nor sustainable for profit.
Frequently asked questions
What is the correct answer to this question?
A business can earn profit while being responsible toward society
Why is this the correct answer?
A business depends on society for customers, employees, resources, and public infrastructure, so responsible conduct is important. Fair dealing, legal compliance, safe products, environmental care, and honest employment practices can support trust and long-term profitability. Option A is correct. Social responsibility is broader than charity, and harming society is neither necessary nor sustainable for profit.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Concept of social responsibility.
