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Which option is not a social objective?

Answer and explanation

Correct answer: Earning profit for the owner.

The governing concept is the distinction between organisational and social objectives. Social objectives reflect an organisation’s responsibility towards consumers, employees, the community, and the natural environment. Fair prices support consumers, environmental protection supports public welfare, and employment opportunities benefit the community. Earning profit for the owner, however, is primarily an organisational objective because profit supports continuity, efficiency, and growth and rewards the owner for investment and risk. Hence option C is correct as the item asks which is not social. Profit can be earned while meeting social responsibilities, but its classification remains organisational rather than social.

Related tags

Social ObjectivesProfitStakeholdersClassificationObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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