Which of the following are related to the social objectives of management? (A) Using environmentally friendly methods of production (B) Providing financial loans to suppliers (C) Providing basic amenities like schools and creches to employees (D) Giving employment opportunities to economically weaker sections of society Choose the correct answer from the options given below: |
(A), (C) and (D) only (A), (B) and (C) only (A), (B), (C) and (D) (B), (C) and (D) only |
(A), (C) and (D) only |
The correct answer is option 1- (A), (C) and (D) only. Except Providing financial loans to suppliers, all are social objectives of management. Social objectives involves the creation of benefit for society. As a part of society, every organisation whether it is business or non-business, has a social obligation to fulfill. This refers to consistently creating economic value for various constituents of society. This includes using environmental friendly methods of production, giving employment opportunities to the underprivileged sections of society and providing basic amenities like schools and healthcare, etc., for community. |