social responsibility

Question 1

meaning of social responsibility

[obligation, improving, welfare] ; [duty, maintain, balance]

Answer 1

• it is an obligation to work towards improving the welfare of society
• it is the duty of all businesses to maintain the balance between the economy and the environment

Question 2

meaning of the triple bottom line

[measure, performance, evaluating, SEE]

Answer 2

• it is a way to measure the business’ performance by evaluating its social, environmental and economic successes

Question 3

3 links between social responsibility and triple bottom line (heading & 1 point)

[P- profit, expense] ;[P- operations, negative, E/C/C] ;[P- exhaust, harm, P/P]

Answer 3

PROFIT
- businesses should not make a profit at the expense of its community

PEOPLE
- business operations should not have a negative impact on employees/customers/communities

PLANET
- businesses should not exhaust resources/ harm the environment for production/profit purposes

Question 4

ways in which a business project can contribute towards the community

[charitable, NGOs, needs] ; [train, unemployed] ; [management, new, improve]

Answer 4

• charitable contributions to NGOs focused on the needs of the community
• train people within the community, especially the unemployed
• management could mentor new business owners to improve

Question 5

examples of socio-economic issues

[ H,U,P ]

Answer 5

• HIV/Aids
• unemployment
• poverty

Question 6

strategies to deal with social-economic issues: HIV/AIDS

[encourage, support] ; [conduct, programmes/campaigns]

Answer 6

• encourage employees to join HIV/Aids support groups
• conduct workshops on HIV/Aids programmes/campaigns

Question 7

strategies to deal with socio-economic issues: UNEMPLOYMENT

[offer, improve, level] ; [create, members, business]

Answer 7

• offer bursaries to the community to improve the level of education
• create jobs for members of the community in the business

Question 8

strategies to deal with socio-economic issues: POVERTY

[support, alleviation, government] ; [donate, local]

Answer 8

• support poverty alleviation programmes that are offered by the government
• donate money/food parcels to local NGOs

Question 9

EMPLOYEE WELL-BEING: ways in which businesses can contribute time & effort in improving the well-being of employees

[provide, offer, allow]

Answer 9

• provide recreational facilities for employees
• offer annual medical assessments to workers
• allow flexible working hours to enhance productivity

Question 10

COMMUNITY WELL-BEING: ways in which businesses can contribute time & effort in improving the well-being of communities

[general quality, product they supply, donate]

Answer 10

• businesses should improve the general quality of life of their community
• ensure that the product they supply does not harm the community/environment
• donate money to a community project to uplift the community