Question

Chapter Name: Handmaid of ethics: Corporate Social Responsibility

Creative Question: (Please answer only accountability to society & Corporations’ debt to society respectively)

Why social responsibility of business in CSR?-There are two reason are given below:

1st reason: Accountability to society and

2nd reason: Corporations’ debt to society.

Explain 1st and second reason in your own word.

Answer 1

1.Accountability to society- corporates need to be responsible to the social environment in which they are operating,conserve the natural environment with moral considerations and ethical concepts and behave in a way respecting the society and fellow humans.

2.Corporations debt to society-corporates while running a business are indebted to the society in which they function.They have follow lot of guidelines to preserve the society and protect the people in the environment in which they are operating.They have to observe pollution control measures in the interests of public and devise safety measures while running the business. Onwers and managers are responsible for criminal acts committed on the job.Corporations should not exceed their authority and cause public harm