Question : Which objective of management focuses on fulfilling social responsibilities?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer:
Social objective
Solution : The correct answer is (b) Social objective
The social objective of management emphasizes the responsibility of organizations to contribute to the well-being of society and address social issues. This objective goes beyond solely pursuing economic goals and considers the impact of organizational actions on various stakeholders, including employees, customers, communities, and the environment. The social objective involves promoting ethical conduct, corporate social responsibility (CSR), sustainability practices, and engaging in philanthropy or community development initiatives. By fulfilling social responsibilities, organizations demonstrate their commitment to being good corporate citizens and contributing to the greater social good. Therefore, fulfilling social responsibilities aligns with the social objective of management.
