Question

Which of the following are related to the social objectives of management?
(A) Using environmentally friendly methods of production
(B) Providing financial loans to suppliers
(C) Providing basic amenities like schools and creches to employees
(D) Giving employment opportunities to economically weaker sections of society
Choose the correct answer from the options given below:}

• A. (A), (C) and (D) only
• B. (A), (B) and (C) only
• C. (A), (B), (C) and (D)
• D. (B), (C) and (D) only

Hint:

Social objectives of management focus on employee welfare, environmental protection and social justice.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Social objectives of management involve creating benefit for society. As a part of society, every organization has a social obligation.
Step 2: Detailed Explanation:
Let's evaluate each point:
(A) Environmentally friendly methods: Reduces pollution and benefits society at large. (Social Objective).
(B) Loans to suppliers: This is a commercial/business transaction to maintain the supply chain. It is not primarily a social welfare activity. (Commercial/Organisational).
(C) Amenities like schools/creches: Improves the quality of life for employees' families and the community. (Social Objective).
(D) Employment to weaker sections: Helps in poverty reduction and social equality. (Social Objective).
Step 3: Final Answer:
Statements (A), (C), and (D) represent social objectives. Statement (B) is incorrect in this context. Thus, option (A) is correct.