CA Foundation Exam > CA Foundation Questions > Negative effects of social responsibility ___...
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Negative effects of social responsibility ___________.
- a)violation of profit maximisation objective
- b)lack of social skills
- c)burden on consumers
- d)all of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Negative effects of social responsibility ___________.a)violation of p...
The negative aspects of corporate social responsibility.
The basic reason why a business is formulated is to make a profit. Corporate social responsibility insists on a corporation to make an effort to look out for stakeholders who are not shareholders only, but who have an interest on what an organization does and the outcomes of what it does. Despite of that, its not totally the duty of the corporation to look out for the many people who hold an interest in the company's activities. If the operations of the free market don’t solve the social problem, it is the duty of the government and not the businesses, to address the many issues faced by the society.
Some businesses are just not prepared to deal with social issues. The lack of preparations of a particular business to deal with societal issues needs the managers to be trained and well versed in dealing with the complex issues that many societies face, as this will give them the skills and the knowledge to be prepared to do so.
The basic reason why a business is formulated is to make a profit. Corporate social responsibility insists on a corporation to make an effort to look out for stakeholders who are not shareholders only, but who have an interest on what an organization does and the outcomes of what it does. Despite of that, its not totally the duty of the corporation to look out for the many people who hold an interest in the company's activities. If the operations of the free market don’t solve the social problem, it is the duty of the government and not the businesses, to address the many issues faced by the society.
Some businesses are just not prepared to deal with social issues. The lack of preparations of a particular business to deal with societal issues needs the managers to be trained and well versed in dealing with the complex issues that many societies face, as this will give them the skills and the knowledge to be prepared to do so.
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Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Negative effects of social responsibility ___________.a)violation of profit maximisation objectiveb)lack of social skillsc)burden on consumersd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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