This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An enterprise provides right of information about products to the consumers by A) Labelling. B) Advertising. C) Pricing. D) All of the above. Show Answer Correct Answer: A) Labelling. 2. CSDM-develops and manages programs, projects, and private-public partnership (PPP) platforms A) Center for Social Development Management. B) Center of Social Development Management. C) Center from Social Development Management. D) None of the above. Show Answer Correct Answer: A) Center for Social Development Management. 3. Business ethics aim to: A) Ensure a competitive advantage. B) Promote fairness and integrity in business dealings. C) Manipulate market trends. D) Maximize shareholder profits at any cost. Show Answer Correct Answer: B) Promote fairness and integrity in business dealings. 4. Asking someone their age in the work place is ..... A) Ethical. B) Unethical. C) Tolerable. D) None of the above. Show Answer Correct Answer: B) Unethical. 5. An unethical business practice when service providers are guilty of charging more than the actual price for the services given A) OVERBILLING. B) MISLEADING ADVERTISEMENTS. C) MAKING FALSE CLAIMS. D) CUSTOMER SERVICE FAILURE. Show Answer Correct Answer: A) OVERBILLING. 6. ..... ensures that sensitive information are accessed only by an authorized person and kept away from those not authorized to possess them. A) Cryptography. B) Confidentiality. C) Availability. D) Integrity. Show Answer Correct Answer: B) Confidentiality. 7. Which of the following is a disadvantage of social responsibility?a. Possession of resources A) Posession of resources. B) Ethical obligation. C) Public image. D) Violation of profit maximisation objective. Show Answer Correct Answer: D) Violation of profit maximisation objective. 8. Accountability is the quality of making judgment that is free from discrimination. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. Professional ethics often include: A) Compliance with legal requirements only. B) Following the highest standards of the profession. C) Focusing solely on personal advancement. D) Ignoring ethical dilemmas in the workplace. Show Answer Correct Answer: B) Following the highest standards of the profession. 10. Explain the difference between absolutism and relativism in ethics. A) Absolutism and relativism both agree on the same moral principles. B) Absolutism denies the existence of any moral truths. C) Absolutism asserts universal moral truths, while relativism claims morality is context-dependent. D) Relativism believes in fixed moral standards for all cultures. Show Answer Correct Answer: C) Absolutism asserts universal moral truths, while relativism claims morality is context-dependent. 11. What are the different types of business ethics? A) Environmental Ethics. B) Financial Ethics. C) Normative Ethics, Descriptive Ethics, Meta-Ethics, Applied Ethics, Professional Ethics. D) Corporate Governance. Show Answer Correct Answer: C) Normative Ethics, Descriptive Ethics, Meta-Ethics, Applied Ethics, Professional Ethics. 12. How does the government affect the idea of social responsibility in a planned economy? A) The government heavily regulates business activities to ensure the business supports social ideals. B) The government passes laws to make sure business interests do not damage society. C) The government attempts to offset small business restrictions. D) The government requires higher stakeholder returns. Show Answer Correct Answer: A) The government heavily regulates business activities to ensure the business supports social ideals. 13. What are the main theories of ethics? A) Consequentialism, Deontology, Virtue Ethics, Care Ethics. B) Utilitarianism. C) Hedonism. D) Moral Relativism. Show Answer Correct Answer: A) Consequentialism, Deontology, Virtue Ethics, Care Ethics. 14. Which of the following ethical issues is NOT a result of technological advances in the workplace? A) Office politics. B) Privacy and confidentiality breaches. C) Using company property for personal use. D) Ownership dispute about electronic information. Show Answer Correct Answer: A) Office politics. 15. The role of ethical principles in decision making is to: A) Guide individuals to make morally sound choices. B) Ensure decisions are always profitable. C) Promote personal interests above all else. D) Ignore the consequences of actions. Show Answer Correct Answer: A) Guide individuals to make morally sound choices. 16. Business ethics primarily deal with: A) Maximizing profits. B) Ignoring societal values. C) Balancing stakeholder interests. D) Competing aggressively. Show Answer Correct Answer: C) Balancing stakeholder interests. 17. Business people expect employees to be loyal and ..... A) Truthful. B) Clear cut. C) Impossible. D) None of the above. Show Answer Correct Answer: A) Truthful. 18. What is the term for the practice of limiting investments to securities that fit within beliefs about ethical and social responsibility? A) Ethical investing. B) Strategic investing. C) Responsible investing. D) Social investing. Show Answer Correct Answer: C) Responsible investing. 19. What does the term 'ethics' refer to? A) A set of rules for operating machines. B) A scientific study of human behavior. C) A branch of philosophy dealing with art. D) Accepted principles of right or wrong governing conduct. Show Answer Correct Answer: D) Accepted principles of right or wrong governing conduct. 20. When CEO of the companies are committed towards ethical code, it is related to which of the following elements of ethics? A) Publication of Code. B) Measuring results. C) Top Management Commitment. D) Involving employees at all levels. E) None. Show Answer Correct Answer: C) Top Management Commitment. 21. Trade associations' role in encouraging ethics A) Trade associations discourage ethical practices among their members. B) Trade associations have no influence on member ethics. C) Trade associations focus solely on profit maximization. D) Trade associations often provide ethical guidelines for their members. Show Answer Correct Answer: D) Trade associations often provide ethical guidelines for their members. 22. One way through which companies reduce unethical behavior in their employees is by ..... A) Disciplining unethical behavior in front of their boards of directors. B) Creating and maintaining a corporate culture of trust. C) Giving their CEOs more power than their boards of directors. D) Paying low attention to audits and spot checks. Show Answer Correct Answer: B) Creating and maintaining a corporate culture of trust. 23. The purpose of intellectual property is ..... A) To encourage creativity and invention. B) To sue people. C) To create arguments between companies. D) To make copyright laws. Show Answer Correct Answer: A) To encourage creativity and invention. 24. A large tech company donates a portion of its proceeds to charity. This is an example of ..... responsibility. A) Philanthropic. B) Economic. C) Legal. D) Ethical. Show Answer Correct Answer: A) Philanthropic. 25. A core principle of business ethics wherein managers act with impartiality in all their transactions and do not exercise their power for their own personal advantage. A) FAIRNESS. B) INTEGRITY. C) ACCOUNTABILITY. D) HONESTY. Show Answer Correct Answer: A) FAIRNESS. 26. Which of the following is a true statement about business ethics and the law: A) The two have nothing to do with each other. B) Everything that is unethical is also illegal. C) The two are not the same thing, but they do overlap. D) Everything that is illegal is also unethical. Show Answer Correct Answer: C) The two are not the same thing, but they do overlap. 27. Which of the following can explain the need for pollution control? A) Cost Savings. B) Reduced risk of liability. C) Reduction of health hazards. D) All of these. E) None. Show Answer Correct Answer: C) Reduction of health hazards. 28. Which of the following sentences correctly uses the term 'business ethics'? A) Business ethics is a set of guidelines that help companies make profits at any cost. B) Business ethics involves making decisions that are morally right and beneficial to society. C) Business ethics is only concerned with the legal aspects of business operations. D) Business ethics is irrelevant in today's competitive market. Show Answer Correct Answer: B) Business ethics involves making decisions that are morally right and beneficial to society. 29. What are the arguments for social responsibility A) Long-term interest of the firm. B) Development of social standard for business. C) Improve public image. D) Development of business education. Show Answer Correct Answer: A) Long-term interest of the firm. 30. Business people have the skills to solve: A) All social Problems. B) Some Social problems. C) No any Social problem. D) All economic problems. Show Answer Correct Answer: B) Some Social problems. 31. Values in business are important because they: A) Provide a framework for consistent decision-making. B) Replace company policies. C) Help achieve unethical objectives. D) Are outdated traditions. Show Answer Correct Answer: A) Provide a framework for consistent decision-making. 32. What is the primary goal of Fairtrade according to the image? A) To increase profits for large corporations. B) To improve living standards and invest in communities. C) To focus solely on environmental protection. D) To reduce the cost of goods for consumers. Show Answer Correct Answer: B) To improve living standards and invest in communities. 33. What is a code of ethics? A) A set of informal guidelines. B) A formal, published collection of values and rules that reflect the firm's philosophy and goals. C) A list of company products. D) A government regulation. Show Answer Correct Answer: B) A formal, published collection of values and rules that reflect the firm's philosophy and goals. 34. Which is not a characteristic of corporate social responsibility? A) Product safety. B) Price-fixing. C) Environmental policies. D) Consumer rights. Show Answer Correct Answer: A) Product safety. 35. Which of the following statements is true about Ethics? A) It is the study of the wants and needs in business. B) It is the study of what is right and wrong in human behavior and conduct in business. C) It is the study of the relationship between people in a business. D) None of the above. Show Answer Correct Answer: B) It is the study of what is right and wrong in human behavior and conduct in business. 36. All definitions of Corporate Social Responsibility recognize that A) Companies have responsibility for their impact on society and environment. B) The natural environment should be the main focus of CSR activities. C) Business ethics is a complex issue. D) Companies must pay equal attention to business ethics and sustainability. Show Answer Correct Answer: A) Companies have responsibility for their impact on society and environment. 37. What is the simplest form of business organization? A) Sole proprietorship. B) Partnership. C) Corporation. D) None of the above. Show Answer Correct Answer: A) Sole proprietorship. 38. If a manager believes their job is to generate profits and is willing to do everything legally required, but no more, what social responsibility stance is being taken? A) Accommodative. B) Obstructionist. C) Proactive. D) Defensive. Show Answer Correct Answer: D) Defensive. 39. The term 'ethics' in business ethics originates from a Greek word. What does this Greek word signify? A) 'Economia', meaning efficient resource management. B) 'Ethos', meaning character, norms, ideals, or morals. C) 'Logos', meaning logical reasoning and argumentation. D) 'Praxis', meaning practical action or doing. Show Answer Correct Answer: B) 'Ethos', meaning character, norms, ideals, or morals. 40. The history of business ethics begin in ..... A) 1980's. B) 1970's. C) 1960's. D) 1990's. Show Answer Correct Answer: B) 1970's. 41. The ..... model holds that the only social responsibility that businesses have is to maximize profit. A) Economic. B) Accounting. C) Stakeholder. D) Shareholder. E) Fiscal. Show Answer Correct Answer: D) Shareholder. 42. A business that focuses on making money is mainly concerned with what type of social responsibility? A) Legal. B) Ethical. C) Economic. D) Philanthropic. Show Answer Correct Answer: C) Economic. 43. In order to be considered an ethical business, businesses should not engage in planned obsolescence. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 44. Danone were guilty of the misleading marketing of which product by saying it had "special bacterial ingredients" ? A) Activia Yogurt. B) Fizzy drink. C) Tomato Ketchup. D) Brown bread. Show Answer Correct Answer: A) Activia Yogurt. 45. An individual or a group trying to persuade someone in Parliament to support a particular policy or campaign is called ..... A) Corridoring. B) Lobbying. C) Persuading. D) Parliamenting. Show Answer Correct Answer: B) Lobbying. 46. Which of the following is an example of a business's ethical obligation to its stakeholders: A) Sharing trade secrets within its industry. B) Doubling investors' money within two years. C) Providing safe working environments for employees. D) Allowing the competition to succeed. Show Answer Correct Answer: C) Providing safe working environments for employees. 47. Which the following brings is changes the physical, chemical and biological charactertics of air, land, and water. A) Pollution. B) Ethics. C) Social skill. D) Global warming. Show Answer Correct Answer: A) Pollution. 48. Environmental protection can be best done by the efforts of A) Government. B) Business people. C) Scientists. D) All of the above. Show Answer Correct Answer: D) All of the above. 49. What is an ethical strategy in business? A) A strategy that involves competitive advantage. B) A course of action that does not violate accepted principles of right or wrong. C) A method to increase employee satisfaction. D) A plan that ensures maximum profit. Show Answer Correct Answer: B) A course of action that does not violate accepted principles of right or wrong. 50. What is the term for the practice of a company taking responsibility for the environmental impact of its activities? A) Environmental Stewardship. B) Cost Leadership. C) Greenwashing. D) Market Penetration. Show Answer Correct Answer: A) Environmental Stewardship. 51. The Organisation must set up a code of conduct to be followed by all the employees. This is related to following element of Business Ethics. A) Top Management commitment. B) Publication of code. C) Involving employees at all levels. D) Establishment of compliance mechanism. E) None. Show Answer Correct Answer: B) Publication of code. 52. One difference between business ethics and the law is that business ethics A) Are enforced by government. B) Are easy to determine. C) Are often unwritten. D) Must be published. Show Answer Correct Answer: C) Are often unwritten. 53. ..... is unethical behavior that violates organizational norms about right and wrong. A) Organizational deviance. B) Social irresponsibility. C) An ethical dilemma. D) Workplace deviance. E) Social deviance. Show Answer Correct Answer: D) Workplace deviance. 54. What is an example of flexible working conditions that a business could provide? A) Remote work opportunities. B) Annual bonuses. C) Free lunches. D) Gym memberships. Show Answer Correct Answer: A) Remote work opportunities. 55. What are some common myths about business ethics? A) Ethics is not relevant in competitive markets. B) Some common myths about business ethics are:1) Ethics is just about following laws, 2) Ethical behavior is too costly, 3) All businesses are inherently unethical, 4) Ethics is a personal issue. C) Ethics only applies to large corporations. D) Business ethics is the same as corporate social responsibility. Show Answer Correct Answer: B) Some common myths about business ethics are:1) Ethics is just about following laws, 2) Ethical behavior is too costly, 3) All businesses are inherently unethical, 4) Ethics is a personal issue. 56. What is one of the primary reasons for unethical practices in organizations? A) Emphasis on corporate social responsibility. B) Lack of legal regulations. C) Strong ethical leadership. D) Pressure to meet unrealistic targets. Show Answer Correct Answer: D) Pressure to meet unrealistic targets. 57. Finwes is an advertising company. Because of certain untoward incidents in the company, the management decides to create a formal written document that would guide the employees in making right decisions in various professional situations. In this scenario, the management wants to create a ..... A) Code of merit. B) Document of compliance. C) Code of ethics. D) Negotiable instrument. Show Answer Correct Answer: C) Code of ethics. 58. Business ethics are concerned with: A) Ignoring stakeholders' interests. B) Balancing profitability with ethical considerations. C) Maximizing shareholder wealth without considering societal impact. D) Following legal regulations regardless of ethical implications. Show Answer Correct Answer: B) Balancing profitability with ethical considerations. 59. Problems involving conflict between moral imperatives A) Scruples. B) Honesty. C) Reputation. D) Ethical dilemmas. Show Answer Correct Answer: D) Ethical dilemmas. 60. It receives premium payments that are placed in loans or investments to accumulate funds to cover future benefits. A) Saving bank. B) Credit bank. C) Life insurance company. D) Commercial bank. Show Answer Correct Answer: C) Life insurance company. 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