Q.6 Distinguish between social responsibility and legal responsibility of a business.
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Social responsibility is broader than legal responsibility of business. Legal responsibility may be fulfilled by mere compliance with the law whereas Social responsibility is a firm's recognition of social obligations even though not covered by law, along with the obligations laid down by law.02-Jun-2015
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NCERT Solutions for Class 11th: Ch 6 Social Responsibilities of Business and Business Ethics
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Social responsibility is broader than legal responsibility of business. Legal responsibility may be fulfilled by mere compliance with the law whereas Social responsibility is a firm's recognition of social obligations even though not covered by law, along with the obligations laid down by law.
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