Question

‘Bonfast Cement Ltd.’ supports 7 villages with housing facilities, schools, safe drinking water, health and hygiene. The company sends its employees to visit a nearby village every 15 days to provide support and to see whether the facilities provided are being implemented on ground. The objective which ‘Bonfast Cement Ltd.’ is trying to achieve is :

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

Hint:

Social objectives highlight a business's commitment to contribute positively to society through education, healthcare, and community development.

Answer 1

The Correct Option is B

A social objective denotes a business entity's duty to society. This encompasses endeavors for societal advancement, enhancement of living standards, promotion of health and education, and contributions to environmental and community welfare. In this context, 'Bonfast Cement Ltd.' is depicted as undertaking actions for societal improvement and welfare by assisting seven villages through provisions such as housing, schools, potable water, and sanitation facilities. The company's dedication is further evidenced by bi-weekly employee visits to monitor service implementation. This consistent and enduring aid to villages, devoid of direct commercial benefit, illustrates a philanthropic and ethical stance on corporate accountability. It transcends profit-driven motivations and adheres to the tenets of Corporate Social Responsibility (CSR).
Reasoning for exclusion of alternative options:

• (A) Personal objective: Pertains to individual employee aspirations such as remuneration or career progression.
• (C) Organizational objective: Centers on company performance rather than societal impact.
• (D) Economic objective: Relates to financial profitability, not societal well-being.

Conclusion: (B) Social objective