Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

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:

Options:

(A), (C) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer:

(A), (C) and (D) only

Explanation:

The correct answer is option 1- (A), (C) and (D) only.

  • (A) Using environmentally friendly methods of production: This is a Social Objective. It focuses on protecting the environment for the benefit of society at large.

  • (B) Providing financial loans to suppliers: Relates to business/financial dealings, not a social responsibility.

  • (C) Providing basic amenities like schools and creches to employees: This is a Social Objective. Even though it benefits employees, it fulfills the organization's obligation to contribute to the community's quality of life.

  • (D) Giving employment opportunities to economically weaker sections: This is a Social Objective. It directly addresses social inequality and promotes the upliftment of disadvantaged groups.

Thus, except Providing financial loans to suppliers, all are social objectives of management.

NCERT: 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."