When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is

Assessment: JAMB UTME - Commerce - 1994 Subject: Commerce

Question 1 Report

When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
Answer Details
When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is fulfilling part of its social responsibility. Social responsibility refers to a company's obligation to act in ways that benefit society as a whole, not just its own interests. Building a health center is an example of a company contributing to the social welfare of a community where it operates. By doing so, the company is showing that it cares about the well-being of the people it is affecting through its operations.
Read lesson note on Business Environment And Social Responsibility (JAMB)
Read lesson note on Commerce (JAMB)
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