Question

in what way should the business be responsible to the government?

Answer 1

Social responsibility of business implies the obligations of the management of a business enterprise to protect the interests of the society.

According to the concept of social responsibility the objective of managers for taking business decisions is not merely to maximize profits or sharehold­ers’ value but also to serve and protect the interests of other members of a society such as workers, consumers and the community as a whole.

Answer 2

the business be responsible to the government in following ways

- Abide By Labor Laws
- Avoid Restrictive Trade Practices
- Financial Disclosure
- Avoid Corruption