Q. 2. What are the social responsibilities of business organizations towards government?
Ans: Government is the representative of public. The government expects certain responsibilities from business organizations mayors as follows.
1) Payment oi taxes: Business organization should pay their taxes and duties to the Government regularly on time. The amount of taxes and duties is utilized by the Government for the welfare of poor people and for the national development.
2) Advising the government: Business organizations should provide timely advice to the Government regarding various business policies like export policy import policy, industrial policy, etc.
3) Political stability: Business organizations should maintain political stability in the country. They should keep iii mind that only stable Government can bring stability and prosperity in the country.
4) Foreign exchange: Business organizations should enter into foreign trade. They should enter into export trade and earn foreign exchange for the country. The foreign exchange Will be utilized to import capital goods.
5) Rules and regulations: Business organizations should follow the rules and regulations framed by the government from time to time. If they want to modify any rule they can do so for the benefit of the society.
6) Unfair favors: Business organizations should not try to get any unfair favors from government officials by bribing them. On the other hand, they should oppose such type of corruption.
7) Contribution to government treasury: Business organization should contribute funds and donations to government treasury at the time of emergencies like accidents, war, natural calamities like flood, earthquake, etc.
8) Economic development: Business organizations should provide monetary and non-monetary help to economic development programmers undertaken by the Government.
What are the social responsibilities of business organization towards society?
Ans: The general public expects certain responsibilities from business organization. Some of them are explained below:
1) Protection of environment: Business organizations should protect the environment. They should take all possible steps to prevent water, air and noise pollution because it affects the health of the people very badly.
2) Proper utilization of resources: Business organizations should make proper utilization of natural resources like iron, steel, fuel, etc. They should preserve nation’s valuable natural resources for future generation.
3) Development of backward regions: Business organizations should develop the backward regions of the country by starting new factories in those areas. This will provide more employment opportunities to rural people. It will increase, their purchasing power and will improve their standard of living.
4)Help to weaker sections of the society: Business organizations should help the economically and socially weaker sections of the society. They should reserve certain jobs for economically and socially weaker sections of the society.
5) Financial assistance: Business organization should provide financial assistance to various social causes such as eradication of poverty, illiteracy, etc.
6) No participation in anti-social activities: Business organizations should not participate in anti-social activities. It should not support and provide financial assistance to antisocial elements because they disturb the peace of the society.
7) Expansion and diversification: Business organizations should undertake certain expansion and diversification programmers. They should start new factories in various parts of the country. This will create more and more employment opportunities in the society.
8) Standard of living: Business organizations should try to improve the standard of living of people. For this, they should supply quality goods and services. They should Undertake certain research and development programmers.
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