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Direction: Read the following text and answer the questions that follow:
Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.
”...donating 5%of profits earned for plantation of trees...”.
Q. Identify the kind of social responsibility undertaken by the company.
- a)Legal
- b)Personal
- c)Discretionary
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
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Direction: Read the following text and answer the questions that foll...
Discretionary is the kind of social responsibility undertaken by the company.
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Companies have a moral duty to improve the society by donating a small share of revenues to good causes, and this is a discretionary responsibility.
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Direction: Read the following text and answer the questions that foll...
Understanding Social Responsibility
Social responsibility refers to the ethical framework that suggests individuals and organizations should act in the best interests of society at large. It encompasses various obligations that companies have towards their stakeholders, including the environment, community, and society.
Types of Social Responsibility
- Legal Responsibility: Adhering to laws and regulations.
- Personal Responsibility: Individual ethical standards and values.
- Discretionary Responsibility: Voluntary actions that benefit society beyond legal requirements.
Karigar Furniture Ltd.'s Contribution
Karigar Furniture Ltd. engages in social responsibility by donating 5% of its profits for tree plantation along highways. This initiative falls under discretionary responsibility for several reasons:
- Voluntary Action: The donation is not mandated by law; it is a choice made by the company to contribute positively to the environment.
- Community Benefit: The focus on tree plantation indicates a commitment to improving community welfare and enhancing the environment, which goes beyond mere compliance.
- Corporate Citizenship: By taking this initiative, the company positions itself as a responsible corporate citizen, aiming to create a sustainable future.
Conclusion
In summary, the social responsibility undertaken by Karigar Furniture Ltd. is discretionary in nature. It reflects the company's voluntary commitment to contribute to societal and environmental well-being, distinguishing it from legal obligations or personal ethical standards. This approach not only enhances the company's reputation but also aligns with broader societal goals, thus fostering a positive impact on the community.
Social responsibility refers to the ethical framework that suggests individuals and organizations should act in the best interests of society at large. It encompasses various obligations that companies have towards their stakeholders, including the environment, community, and society.
Types of Social Responsibility
- Legal Responsibility: Adhering to laws and regulations.
- Personal Responsibility: Individual ethical standards and values.
- Discretionary Responsibility: Voluntary actions that benefit society beyond legal requirements.
Karigar Furniture Ltd.'s Contribution
Karigar Furniture Ltd. engages in social responsibility by donating 5% of its profits for tree plantation along highways. This initiative falls under discretionary responsibility for several reasons:
- Voluntary Action: The donation is not mandated by law; it is a choice made by the company to contribute positively to the environment.
- Community Benefit: The focus on tree plantation indicates a commitment to improving community welfare and enhancing the environment, which goes beyond mere compliance.
- Corporate Citizenship: By taking this initiative, the company positions itself as a responsible corporate citizen, aiming to create a sustainable future.
Conclusion
In summary, the social responsibility undertaken by Karigar Furniture Ltd. is discretionary in nature. It reflects the company's voluntary commitment to contribute to societal and environmental well-being, distinguishing it from legal obligations or personal ethical standards. This approach not only enhances the company's reputation but also aligns with broader societal goals, thus fostering a positive impact on the community.
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Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Direction: Read the following text and answer the questions that follow:Karigar Furniture Ltd., a company manufacturing and trading furniture, was started by Saransh with five of his friends under Start Up India Program. It provides a diverse collection of wooden, plastic, cane, bamboo, and steel furniture at reasonable rates to the customers. They import raw-material from China for the same abiding by the government policy and procedures for imports. The company is earning good profits and donating 5% of profits earned for plantation of trees on highway roadside. The company organises training and skill development programme for its workers. The efficient planning and marketing strategy of the company has offered the owners of the company reasonable appreciation of capital employed.”...donating 5%of profits earned for plantation of trees...”.Q. Identify the kind of social responsibility undertaken by the company.a)Legalb)Personalc)Discretionaryd)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
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