BBA 1st Year Business Ethics Corporate Social Responsibility Very Short Question Answer : Corporate Social Responsibility Social Responsibility of Business with Respect to Different Stake holders, arguments for and against social responsibility of business, social audit.
BBA 1st Year Business Ethics Corporate Social Responsibility Very Short Question Answer | Index
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Section-A (Very Short Answer Questions (BBA Notes)
Q.1. What do you mean by “Corporate Governance”?
Ans. Corporate Governance refers to the way a corporation is governed. It is the technique by which companies are directed and managed. Corporate Governance is the process whereby people in power direct, monitor and lead corporations and thereby either create, modify, or destroy the structures and system under which they operate. It is primarily concerned with holding a balance between economic and social goals and between individual and Community goals.
Q.2. Give the basic corporate governance structure.
Ans. Basic Corporate Governance Structure;
The rights, duties, responsibilities and procedures of the general shareholder’s meeting, the board of directors and the executive board as well as the committees installed by the board of directors and the executive board are specified in respective regulations and documents on these corporate governance bodies, which are available under
“Corporate Governance Corporate governance is defined as the system by which business entities are monitored, managed and controlled.
Q.3. What are the different types of governances?
Ans. The different types of governances are; :
(a) Global Governance.
(b) Corporate Governance.
(c) Project Governance.
(d) Information Technology Governance.
(e) Participatoi-y Governance.
(fJ Non-Profit Governance.
(g) Islamic Governance.
Q.4. What do you understand by CSR?
Ans. Corporate Social Responsibility (“CSR” for short and also called corporate conscience citizenship, social performance, or sustainable responsible business) is a form of corporate self-regulation integrated into a business model. CSR is about how companies manage the business process to produce an overall positive impact on the society in which itls operating.
Q.5. What do you understand by “Impact of CSR on Human Resources”?
Ans. A CSR programme can be an aid to recruitment and retention, particularly within the competitive graduate student market. Potential recruiters often ask about a firm’s CSR policy during an interview, and having a comprehensive policy can give an advantage. CSR can also help to improve the perception of a company among its staff, particularly when staff can become involved through fund raising activities social service or community volunteering.
Q.6. Write a short note on “CSR as value creation”.
Ans. The basic purpose of CSR as a value creation is innovative and promotes sustainable business model. It gives a fundamental strategic and operational impact. The key benefits of CSR resources are as follows
(a) Promotes competitiveness and innovation.
(b) Integrates business into the community.
(c) Develops human capital (key in developing countries).
(d) Incorporates into the business strategy.
Q.7. Write a short note on government role in CSR.
Ans. Indian government plays an important role in spreading, initiating and implementing CSR activities. The government plays a role in capacity building and monitoring. Most of the companies expect greater involvement from the government and want the government to develop a proper CSR policy.
The major need is policy formulation and strict implementation. The government should design some kind of CSR audits of the companies.