Question

The management of the company is responsible to safeguard the capital investment by avoiding speculative activities and investing the money in healthy business ventures to get good returns". Which type of social responsibility is reflected here?

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Answer 1

Answer:

Social Responsibility of a Business

A business enterprise is an important part of the society and it should do its operations and earn money in ways that satisfy the expectations of the society. Social responsibility of a business refers to the obligations to take those decisions and perform those actions which are desirable in terms of the objectives and values of society. It is the idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship with the society in which they operate.

Explanation:

Answer 2

Discretionary responsibility is the  type of social responsibility.

Explanation:

• The owners of the enterprise is responsible to protect the investment by avoiding speculative activities and have to invest the money in healthy business enterprises to receive good profit is Discretionary responsibility.
• When a business good amount of profit then it is the responsibility of the business to render useful services to the people of society.
• It is the philanthropic responsibility of the society to donate their products and services to the people of society and help different sectors of the society like starting educational institutions.

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Which type of social responsibility is reflected here?

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