1. “The company is committed to treat all its employees with equity and dignity irrespective of their age, caste, gender, etc.”

Question

IT Ltd. Is a well known company in the telecom sector. The company is committed to treat all its employees with equity and dignity irrespective of their age, caste, gender, etc. It not only abides all the provisions of law and pay the taxes on time but also takes an active part in spreading awareness amongst people regarding various social causes. It prefers to charge fairly from its customers for its services and also provide strong customer support services. The company strives to work effectively and efficiently so as to ensure minimum wastages and maximum returns for its shareholders. The company is also running a charitable school for the underprivileged children of the area. Identify that the following lines from paragraph denote responsibility of business towards which group?

On the basis of reading the above case, answer the following questions:

1. “The company is committed to treat all its employees with equity and dignity irrespective of their age, caste, gender, etc.”

(A) Customers

(B) Employees

(C) Government

(D) Investors

2. “It not only abides all the provisions of law and pay the taxes on time”.

(A) Customers

(B) Employees

(C) Government

(D) Investors

3. “Takes an active part in spreading awareness amongst people regarding various social causes”.

(A) Community

(B) Employees

(C) Government

(D) Investors

4. “To ensure minimum wastages and maximum returns for its shareholders”.

(A) Community

(B) Employees

(C) Government

(D) Investors

Answer 1

1. (B) Employees 

The line "The company is committed to treat all its employees with equity and dignity irrespective of their age, caste, gender, etc." denotes the responsibility of the business towards its employees. It highlights the company's commitment to treating its employees fairly and with respect, regardless of factors such as age, caste, gender, etc. This demonstrates the company's dedication to providing a positive and inclusive work environment for its employees, ensuring they are treated equitably and with dignity.

2. (C) Government

The line "It not only abides all the provisions of law and pays the taxes on time" denotes the responsibility of the business towards the government. It highlights the company's commitment to complying with legal regulations and fulfilling its tax obligations. By abiding by the law and paying taxes on time, the company demonstrates its responsibility towards the government and contributes to the functioning of the overall economy.

3. (A) Community

The line "Takes an active part in spreading awareness amongst people regarding various social causes" denotes the responsibility of the business towards the community. It shows that the company is actively involved in raising awareness about social issues among the people. By engaging in such activities, the company demonstrates its commitment to social responsibility and its desire to contribute positively to the well-being and development of the community it operates in.

4. (D) Investors

The line "To ensure minimum wastages and maximum returns for its shareholders" denotes the responsibility of the business towards its investors. It highlights the company's focus on efficiency and effectiveness in its operations to generate maximum returns for its shareholders. By minimizing wastages and optimizing performance, the company aims to provide a favorable return on investment for its shareholders, who have invested their capital in the business. This responsibility reflects the company's commitment to delivering value and financial success to its investors.

Answer 2

1. (B) Employees 

2. (C) Government

3. (A) Community

4. (D) Investors