Question

Which of the following cannot be a social objective of the business?

• A. Production and Supply of Quality Goods and Services
• B. Contribution to the General Welfare of the Society
• C. Adoption of UnFair Trade Practices
• D. None of the above

Answer 1

The correct option is C Adoption of UnFair Trade Practices

Social objective are those objectives of business, which are desired to be achieved for the benefit of the society. Since business operates in a society by utilizing its scarce resources, the society expects something in return for its welfare.

Management is responsible for setting and achieving objectives for the organisation. The main objective of any organization should be to utilise human and material resources to the maximum possible advantage, to fulfill the economic objectives of a business.