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Social Responsibilities of Business and Business Ethics — Study Plan

CBSE · Class 11 · Business Studies

A step-by-step study plan for Social Responsibilities of Business and Business Ethics, CBSE Class 11 Business Studies: what to learn first, what.

114 questions68 flashcards5 concepts

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Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas and key ideas. Focus on: 1. Concept of Social Responsibility, 2. Need for Social Responsibility and Arguments For and Against, 3. Four Kinds of Social Responsibility.

2
Day 3

Practise

Solve the textbook exercises and extra practice questions. There are 114 questions available for this chapter.

3
Day 4

Revise & Test

Revise key points without looking at your notes. Take a practice quiz and mark weak areas for another pass.

4
Day 7

Spaced Revision

Come back to Social Responsibilities of Business and Business Ethics after a week. Use flashcards for quick recall and try past exam questions on this chapter.

What to Focus On

  • Social responsibility means acting in ways that match social values and objectives.
  • It is broader than legal responsibility.
  • It includes voluntary actions that benefit society.
  • Business affects many sections of society.
  • Social responsibility is an ethical issue.
  • Business has both economic and social roles.
  • CSR in India is governed by Clause 135 of the Companies Act, 2013.
  • Applicability is based on turnover, net worth, or net profit.
  • The conditions are OR conditions, not AND conditions.

Common Mistakes to Avoid

Social responsibility and legal responsibility mean the same thing.

CSR is the same as general social responsibility of business.

A company must satisfy all three CSR thresholds together to become eligible.

Memory Tips

Core meaning of social responsibility

Social responsibility is broader than legal responsibility

Four kinds of social responsibility

Economic responsibility has little discretion

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Frequently Asked Questions

What are the important topics in Social Responsibilities of Business and Business Ethics for CBSE Class 11 Business Studies?
Key topics in Social Responsibilities of Business and Business Ethics include Concept of Social Responsibility, Need for Social Responsibility and Arguments For and Against, Four Kinds of Social Responsibility, Responsibility Towards Different Interest Groups. Study these first, then practise questions on each for Class 11 exams.
How should I revise Social Responsibilities of Business and Business Ethics for Class 11 exams?
Learn the core ideas first, then work through the 114 practice questions on Social Responsibilities of Business and Business Ethics. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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