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Social Responsibility of Business and Business Ethics — Study Plan

ICSE · Class 11 · Commerce

A step-by-step study plan for Social Responsibility of Business and Business Ethics, ICSE Class 11 Commerce: what to learn first, what to practise.

65 questions40 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: Meaning and Concept of Social Responsibility, Need for Social Responsibility, Responsibilities of Business towards Different Interest Groups.

2
Day 3

Practise

Solve the textbook exercises and extra practice questions. There are 65 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 Responsibility 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

  • A business is a part of society.
  • Social responsibility means acting in ways that match society's objectives and values.
  • It applies to owners, customers, workers, government, and community.
  • Koontz and O'Donnel stress protection of others' rights.
  • Steiner stresses social aspirations and contribution to them.
  • Bowen links business action with society's objectives and values.
  • Social responsibility is fundamentally an ethical issue.
  • A major debate is between owner-centred duty and society-centred duty.
  • Business depends on society and must respond to it.

Common Mistakes to Avoid

Social responsibility means only following the law.

Social responsibility is only about profit for owners.

Business ethics means the same thing as personal honesty, so it is not a separate business concern.

Memory Tips

Meaning of social responsibility

Social responsibility is broader than legal responsibility

Koontz and O'Donnel definition

George A. Steiner definition

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Frequently Asked Questions

What are the important topics in Social Responsibility of Business and Business Ethics for ICSE Class 11 Commerce?
Key topics in Social Responsibility of Business and Business Ethics include Meaning and Concept of Social Responsibility, Need for Social Responsibility, Responsibilities of Business towards Different Interest Groups, Responsibility of Business towards Protection of Environment. Study these first, then practise questions on each for Class 11 exams.
How should I revise Social Responsibility of Business and Business Ethics for Class 11 exams?
Learn the core ideas first, then work through the 65 practice questions on Social Responsibility 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.

More resources for Social Responsibility of Business and Business Ethics

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