List – I List – II a. Value added Model i. It is based on the process audit thereby evaluating the corporate social performance. b. Bauer-Fenn Model ii. It takes into account the social benefits and costs. c. ABT Model iii. It reflects the impact of a business enterprise on its employees, the local community and the public at large. d. ESTs Model iv. It shows the value added by the value of production of socially desirable outputs minus the value of socially undesirable effects.
Matching Business Social Performance Models
This question requires matching specific business social performance models from List-I with their corresponding descriptions in List-II.
Matching Strategy
We will analyze each model in List-I and identify its corresponding description from List-II based on the fundamental principles of each model.
Matching Analysis
- a. Value Added Model corresponds to iv. This model measures the value created by a business, specifically focusing on the production of socially desirable outputs minus the value of socially undesirable effects.
- b. Bauer-Fenn Model corresponds to i. This model is associated with evaluating corporate social performance, often through methods like process audits.
- c. ABT Model corresponds to iii. This model emphasizes the overall impact a business enterprise has on its various stakeholders, including employees, the local community, and the wider public.
- d. ESTs Model corresponds to ii. This model considers both the positive social benefits and the negative social costs stemming from business operations.
Based on this analysis, the correct matching is a - iv, b - i, c - iii, d - ii.
Important Questions from Corporate Social Responsibility (CSR)
On which of the following principles is Andrew Carnegie's view on Corporate Social Responsibility, as reflected in his book, 'The Gospel of Wealth' based?
(a) Peter Principle
(b) Scaler Principle
(c) Charity Principle
(d) Steward Principle
Choose the correct option from the following:
What is the minimum prescribed net profit threshold for Companies to be required to undertake Corporate Social Responsibility activities under clause 135 of the Companies Act, 2013?
Which of the following changes was introduced in 2024 under the Companies Act amendments to enhance corporate social responsibility (CSR) transparency in India?
What is the 'Triple Bottom Line Approach' in CSR as mentioned in the passage?
Given below are two statements :
Statement (I): CSR is a holistic and integrated management concept whereby companies integrate their industrial and future objectives with their business objectives.
Statement (II): In this modern digitalized world, business are required to be mindful both in terms of what they are doing and how they are doing.
In the light of the above statements, choose the most appropriate answer from the options given below:
