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 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 10 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the primary focus of corporate social responsibility? A) Maximizing shareholder profits. B) Ensuring ethical practices and community welfare. C) Increasing market share. D) None of the above. Show Answer Correct Answer: B) Ensuring ethical practices and community welfare. 2. Which of the following approaches to ethical decision-making will yield an unethical decision? A) Strive to treat people impartially and consistently. B) Apply existing laws to the situation. C) Remain within the letter of the law while intending to mislead people. D) Apply the Golden rule to the situation. Show Answer Correct Answer: C) Remain within the letter of the law while intending to mislead people. 3. What is the term for individuals or groups to whom a business has a responsibility? A) Executives. B) Stakeholders. C) Shareholders. D) Board members. Show Answer Correct Answer: B) Stakeholders. 4. The principles according to which we decide if something is right or wrong A) Bribery. B) Coercion. C) Ethics. D) Honesty. Show Answer Correct Answer: C) Ethics. 5. It defines justice as the ideal, morally correct state of things and persons. A) Right theory. B) Justice Theory. C) Philosophical theory. D) Ethical theory. Show Answer Correct Answer: B) Justice Theory. 6. A principle of social enterprise whereby investors expect a return only not a profit from their investment. A) Donation. B) Return of Investment. C) No Dividend For Investors. D) Returning Profit. Show Answer Correct Answer: C) No Dividend For Investors. 7. They go beyond their self-interest and focus on opportunities to help followers grow and develop. A) Partner. B) Member. C) Incorporator. D) Proprietor. Show Answer Correct Answer: B) Member. 8. Business ethics ..... A) Is laws and regulations that govern business. B) Applies moral standards to business settings. C) Do not vary from one person to another. D) Is most important for advertising agencies. E) Applies moral standards to individual choices. Show Answer Correct Answer: B) Applies moral standards to business settings. 9. The Business firm which fulfills all its social obligations get benefitted in the long run, this is related to which feature of case for Social Responsibility? A) Self Interest. B) Moral Justification. C) Social Power. D) Avoidance of government interference. E) None. Show Answer Correct Answer: A) Self Interest. 10. To encourage more ethical decision making in an organization, its managers should . A) Carefully select and hire new employees. B) Establish a specific code of ethics. C) Create an ethical climate. D) Train employees in how to make ethical decisions. E) Do all of these. Show Answer Correct Answer: E) Do all of these. 11. It is a form of business which is owned by one person A) Sole Proprietorship. B) Partnership. C) Cooperative. D) Corporation. Show Answer Correct Answer: A) Sole Proprietorship. 12. Activities that individuals, groups, & organizations undertake to protect their rights as consumers. A) Whistleblowing. B) Consumerism. C) Plagiarism. D) Ethical Issue. Show Answer Correct Answer: B) Consumerism. 13. A(n) ..... is a written test that estimates employee honesty by directly asking job applicants what they think or feel about theft or about punishment of unethical behaviors. A) Personality-based integrity test. B) Overt integrity test. C) Framed integrity test. D) Situational-based integrity test. E) Behavioral integrity test. Show Answer Correct Answer: B) Overt integrity test. 14. ..... refers to the duty of a business to contribute to the well-being of a community A) Conservation. B) Business Ethics. C) Worker Protection. D) Social Responsibility. Show Answer Correct Answer: D) Social Responsibility. 15. Though we, Filipinos, belong to different religious groups, we all have God(Supreme being) in our center. A) Pakikisama. B) God Fearing. C) Loving and caring. D) Family oriented. Show Answer Correct Answer: B) God Fearing. 16. Which of the following is NOT a key principle of stakeholder theory? A) Profitability. B) Transparency. C) Accountability. D) Fairness. Show Answer Correct Answer: A) Profitability. 17. How can a company demonstrate its commitment to ethical sourcing? A) By ignoring the environmental impact of their supply chain. B) By choosing suppliers that use child labor. C) By focusing solely on cost reduction. D) By selecting suppliers that follow fair labor practices. Show Answer Correct Answer: D) By selecting suppliers that follow fair labor practices. 18. This model connects customers to markets where they can sell their products. A) Community Development Finance Institutions. B) Market Linkage Model. C) Market Intermediary Model. D) Organizational Support Model. Show Answer Correct Answer: B) Market Linkage Model. 19. What is one advantage of Fairtrade? A) It reduces the company's profits. B) It improves the company's reputation as ethical. C) It increases the cost of products for all customers. D) It limits the choice of suppliers available. Show Answer Correct Answer: B) It improves the company's reputation as ethical. 20. What is a crucial step a business enterprise should take to contribute to environmental protection? A) Ensure top management's commitment to environmental protection is shared throughout the enterprise. B) Use outdated technology for waste disposal to save money. C) Prioritize cost-cutting over environmental safety measures. D) Engage in deforestation for expansion without reforestation efforts. Show Answer Correct Answer: A) Ensure top management's commitment to environmental protection is shared throughout the enterprise. 21. When looking at universal ethical standards, an ethical standard would be? A) Honesty. B) Lying. C) Plagiarism. D) Cheating. Show Answer Correct Answer: A) Honesty. 22. An example of a trade secret would be: A) Company's social media page. B) Customer reviews. C) A proprietary software algorithm. D) A public blog post. Show Answer Correct Answer: C) A proprietary software algorithm. 23. The transferable skills needed by an individual to make them 'employable A) Employability skills. B) Soft skills. C) Communication skills. D) None of the above. Show Answer Correct Answer: A) Employability skills. 24. Refers to some problem-solving techniques designed to help the practitioner when confronted with dilemmas. A) Business. B) Business Math. C) Businesswoman. D) Business ethics. Show Answer Correct Answer: D) Business ethics. 25. What occurs when business people take advantage of a situation for their own personal interest rather than the employer's interest? A) Consumerism. B) Green Marketing. C) Conflict of Interest. D) Social Responsibility. Show Answer Correct Answer: C) Conflict of Interest. 26. What is the primary focus of corporate governance? A) Maximizing shareholder value. B) Ensuring ethical management practices. C) Increasing market competition. D) Reducing operational costs. Show Answer Correct Answer: B) Ensuring ethical management practices. 27. Personal ethics are shaped by: A) Only genetic factors. B) Social environment and upbringing. C) Career choices only. D) Economic status only. Show Answer Correct Answer: B) Social environment and upbringing. 28. A business goes bankrupt because its president steals a large amount of money from investors. What is the reason this unethical behavior occurred? A) The action benefits the company. B) The action is not illegal. C) The action is committed by unethical employees. D) The action is acceptable in a foreign culture. Show Answer Correct Answer: C) The action is committed by unethical employees. 29. It is an awareness of the effect that banking practices have on society and the environment A) Financial Advice. B) Banking Principles. C) Ethical Banking. D) Environmental Consciousness. Show Answer Correct Answer: C) Ethical Banking. 30. Which fashion retailer was discovered to be paying their workers far below the national minimum wage in their Leicester factories in 2019/2020? A) Marks & Spencer. B) Apple. C) Boohoo. D) Burberry. Show Answer Correct Answer: C) Boohoo. 31. Which of the following is NOT a reason for participating in unethical business practices? A) Extreme pressure to meet deadlines. B) Desire to succeed or advance in career. C) Low morale or lack of care for the company. D) Adequate training, background or explanation of company policy. Show Answer Correct Answer: C) Low morale or lack of care for the company. 32. Ethical leadership in sustainability includes: A) Ignoring environmental regulations. B) Avoiding transparency in business dealings. C) Making decisions that consider long-term societal impact. D) Prioritizing short-term profits. Show Answer Correct Answer: C) Making decisions that consider long-term societal impact. 33. A disadvantage of a corporation A) Limited liability. B) Double taxation. C) Access to capital markets. D) Easy transfer of ownership. Show Answer Correct Answer: B) Double taxation. 34. Top-level officers, such as the CEO's and other higher level managers, must sincerely follow the ethical code of conduct.what it is called? A) Top management commitment. B) Publication of a code:. C) Measurement of results. D) Involvement of employees at all levels. Show Answer Correct Answer: A) Top management commitment. 35. For a toy company, which of the following is not regarded as an example of fulfilling its social responsibility? A) Donating toys to orphanages. B) Improving the working environment of its employees. C) Offering 20% discount to customers during Christmas. D) Using recycled materials to produce toys. Show Answer Correct Answer: C) Offering 20% discount to customers during Christmas. 36. What is the term for the ethical theory that emphasizes duties and rules? A) Deontology. B) Virtue Ethics. C) Relativism. D) Consequentialism. Show Answer Correct Answer: A) Deontology. 37. Which of the following requires funds from external sources? A) Financial markets. B) Financial institutions. C) Private placement. D) All of the above. Show Answer Correct Answer: D) All of the above. 38. Dishonest, illegal, or immoral behavior, especially from someone with power A) Corruption. B) Interests. C) Scandals. D) Bankrupt. Show Answer Correct Answer: A) Corruption. 39. The principle of diminishing interest will help you build financial achievements. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 40. When is it acceptable to copy lines of text from a website without giving the author permission? A) For educational or business purposes. B) When making Facebook posts. C) It is not permissible to plagiarize text at any time. D) When creating a new website that needs content. Show Answer Correct Answer: C) It is not permissible to plagiarize text at any time. 41. The Utilitarian theory emphasizes: A) Personal benefit. B) Religious conformity. C) Following strict duties regardless of outcomes. D) The greatest good for the greatest number. Show Answer Correct Answer: D) The greatest good for the greatest number. 42. Yanmei, an employee at a news agency, learns that the reason her colleague was asked not to pursue a news story further was because the editor of the newspaper was bribed by the concerned party to suppress the matter. Yanmei reveals this information to the chief editor and her colleagues and also reports it to the media. In this scenario, Yanmei is a ..... A) Social auditor. B) Corporate philanthropist. C) Grandstander. D) Whistle-blower. Show Answer Correct Answer: D) Whistle-blower. 43. Unethical business practices often result in A) Decreased customer retention and increased financial risk. B) Increased customer retention and decreased financial risk. C) Decreased internal problems and increased financial risk. D) Increased customer retention and decreased internal problems. Show Answer Correct Answer: A) Decreased customer retention and increased financial risk. 44. The new CEO of a clothing company created a(n) ..... for all employees to follow in their business and professional lives. It read, "Of the things we think, say, and do:(1) Is it the truth? (2) Is it fair to all concerned? (3) Will it build goodwill and better friendships? (4) Will it be beneficial to all concerned?" A) Code of ethics. B) New vision. C) Statement of utilitarianism. D) Mission statement of principle. Show Answer Correct Answer: A) Code of ethics. 45. What is an effective way for a business to promote ethical behavior among its employees? A) Reducing transparency in decision-making. B) Offering bonuses for the highest sales figures. C) Encouraging competition between employees. D) Implementing strict penalties for ethical breaches. Show Answer Correct Answer: D) Implementing strict penalties for ethical breaches. 46. How can a company promote business ethics among its employees? A) By offering bonuses for ethical behavior. B) By providing ethics training and establishing a code of conduct. C) By hiring only employees with a background in ethics. D) By reducing the number of ethical guidelines. Show Answer Correct Answer: B) By providing ethics training and establishing a code of conduct. 47. What is the primary purpose of a code of ethics in a company? A) To define the company's financial goals. B) To provide employees with expectations regarding their responsibilities and behavior. C) To outline the company's annual budget. D) To serve as a legal document in court proceedings. Show Answer Correct Answer: B) To provide employees with expectations regarding their responsibilities and behavior. 48. Which of the following is NOT a component of the triple bottom line? A) Profits. B) Planet. C) Productivity. D) People. Show Answer Correct Answer: C) Productivity. 49. Identify the sentence that best demonstrates the concept of 'social responsibility'. A) The company increased its profits by cutting employee benefits. B) The corporation donated a portion of its profits to local charities. C) The firm ignored environmental regulations to reduce costs. D) The business focused solely on maximizing shareholder value. Show Answer Correct Answer: B) The corporation donated a portion of its profits to local charities. 50. In this model, a social enterprise sells products and services and the revenue generated is used to fund an organization which runs the program that the social enterprise supports. A) Low-Income Client Model. B) Organization Supporting Model. C) Market Intermediary Model. D) Organizational Support Model. Show Answer Correct Answer: D) Organizational Support Model. 51. The quality of being honest and strong about what you believe to be right A) Integrity. B) Code. C) Corporate. D) Atmosphere. Show Answer Correct Answer: A) Integrity. 52. All but one person has been served their food at a business meal, what should the people that have received their food do? A) Start eating, but take very little bites. B) Ask the waiter how long the wait will be. C) Wait to eat until everyone has been served their food. D) Start eating. Show Answer Correct Answer: C) Wait to eat until everyone has been served their food. 53. According to Stakeholder Theory, a business should: A) Focus only on shareholders. B) Serve the interests of all parties affected by business activities. C) Maximize profit at all costs. D) Limit its social responsibilities. Show Answer Correct Answer: B) Serve the interests of all parties affected by business activities. 54. The practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. A) Corporate philanthropy. B) Code of ethics. C) All the above. D) None of the above. Show Answer Correct Answer: A) Corporate philanthropy. 55. Standards that help to shape behaviors towards employees, the organization, and other economic agents are A) Managerial ethics. B) Morals. C) Social responsibilities. D) Values. Show Answer Correct Answer: A) Managerial ethics. 56. Which of the following does the term Corporate Social Responsibility relate to? A) Ethical conduct. B) Environmental practice. C) Community investment. D) All of the above. Show Answer Correct Answer: A) Ethical conduct. 57. What is the term for a company's efforts to improve society in some way? A) Corporate Social Responsibility. B) Profit Maximization. C) Cost Reduction. D) Market Expansion. Show Answer Correct Answer: A) Corporate Social Responsibility. 58. A (n) ..... is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. A) Fraud. B) Crisis. C) Ethical Issue. D) Indictment. Show Answer Correct Answer: C) Ethical Issue. 59. It is the responsibility of the corporation or business to think beyond profit for the reason that it helps the community where the business is located to generate jobs for the people A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 60. To ensure fair & regular return on investment, is related to which group? A) Customer. B) Employees. C) Community. D) Shareholders. E) None. Show Answer Correct Answer: D) Shareholders. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 1Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 2Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 3Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 4Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 5Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 6Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 7Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books