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Social responsibility of business is its obligation to act in ways desirable in terms of the:
AObjectives and values of society
BObjectives of the owners alone
CObjectives of the bankers alone
DObjectives of the auditors alone
Answer & Solution
Correct answer: A. Objectives and values of society
1. Firms respect the aspirations of society.
2. They pursue those along with profit.
3. So the test is society's objectives and values.
_Source: NCERT Class 11 Business Studies, Chapter 6, Social Responsibilities of Business and Business Ethics._
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