The term social objective refers to a business organization's responsibility towards society. It includes initiatives aimed at societal development, improving the standard of living, promoting education and health, and contributing to environmental and community well-being. In this question, ‘Bonfast Cement Ltd.’ is shown to be taking steps towards the upliftment and welfare of society by supporting seven villages through initiatives such as providing housing, schools, clean drinking water, and hygiene facilities. The company's commitment is further demonstrated by sending employees to check on the implementation of these services every 15 days. Such consistent and sustained support towards villages, without direct business gains, reflects a philanthropic and ethical approach to corporate responsibility. It goes beyond profit-making motives and aligns with the principles of Corporate Social Responsibility (CSR).
Why the other options are incorrect:
Final Answer: (B) Social objective
Match List-I with List-II
List-I (Principle of Management) | List-II (Explanation) |
---|---|
(A) Unity of Command | (I) Employees should receive orders from one superior only |
(B) Unity of Direction | (III) Each group of activities with the same objective must have one head and one plan |
(C) Scalar Chain | (II) The line of authority from the highest to the lowest ranks in the organization |
(D) Division of Work | (IV) The work assigned to each worker should be clearly defined and clarified |