Question

Akash Industries has installed a waste recycling plant in its premises and does not dump their waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing the aforesaid activity.

• A. Social objective
• B. Economic objective
• C. Personal objective
• D. Growth

Answer 1

The Correct Option is A

Business management categorizes objectives diversely. Akash Industries' core operations are aligned with the social objective of management, emphasizing a business's duty to its operating society. This entails actions extending beyond profit generation to enhance community welfare and progress.

The company's installation of a waste recycling plant facilitates:

• Environmental Stewardship: Responsible waste management and recycling combat pollution, demonstrating a dedication to sustainability.
• Job Creation: The plant's operation generates new employment, thereby bolstering the local economy.

These initiatives exemplify corporate social responsibilities, aiming to harmonize economic advancement with societal and environmental well-being.