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Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 11 (60 MCQs)

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1. A conflict between self-interest and a professional obligation.
2. Which of the following should be considered when deciding whether or not to blow the whistle?
3. A share of ownership in a corporation is referred to as
4. A component of the code of ethics wherein all legal requirements of the code should be met. Any licensing requirements, including but not limited to reporting of financial statements, should be done.
5. Which is NOT a characteristic of an ethical organization?
6. Entrepreneurs often have more than one goal for starting a business and becoming self-employed. Which of the following reasons is probably the least common goal of entrepreneurs?
7. Which of the following is a benefit of practicing business ethics?
8. Corporate sustainability refers to:
9. What is the main characteristic of the stakeholder approach?
10. How can businesses ensure their operations are ethically sound?
11. Which of the following statements about whistleblowing is NOT true?
12. What is the number one cause of unethical behavior in business?
13. A person who exposes any kind of information that reveals illegal, unethical, or not correct activity within an organization that is either private or public.
14. Which of the following is an example of ethical leadership in a company?
15. Over the last five decades, codes of ethics:
16. What is Corporate Philanthropy?
17. When a company contributes to society in a positive way, this is called
18. A COMPANY THAT DONATES A PORTION OF ITS PROFITS TO SOCIAL CAUSES IS PRACTICING WHICH AREA OF CSR?
19. A set of guidelines prepared by a firm to provide its employees with the knowledge of what the firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers.
20. Forms of business organization in which the owner has all the profits.
21. What involves adopting a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities?
22. Identify the types of ethical concerns in the business world.
23. What Filipino values are shown when a person is willing to lend money to his friend just to provide comfort and please his visitors?
24. Both personal and business ethics begin with
25. This is considered the highest criterion of social responsibility because it goes beyond societal expectations to contribute to the community's welfare.
26. An effective program for social responsibility takes time, money, and organization.
27. What is informing the press or government officials about unethical practices within one's organization called?
28. The unethical or illegal behaviour by people in positions of authority
29. Definition of Corporate Citizenship
30. What term describes the practice of ensuring fair treatment of all stakeholders in business?
31. Property (as an idea, invention or process) that derives from the work of mind or intellect
32. Unethical practices in organizations can be fueled by:
33. Management must develop practical ethical standards and procedures specific to the company's line of business.
34. A type of social enterprise that deliver basic services previously provided by the public sector organizations.
35. Primary responsibility of a business is to produce goods and services that society wants and sell them at a profit. This is called .....
36. What is an obligation to repay a person from whom one has received a favor?
37. Which of the following is NOT a way that businesses can be ethical?
38. Commitment in Agreements
39. What is the primary purpose of corporate social responsibility (CSR)?
40. Government Income
41. A group of ethical behavior guidelines that govern the day to day activities of a profession or organizations
42. Long term interest of the business are best served when its profitability and growth are accomplished alongside its social responsibilities
43. Which of the following steps in the ethical decision-making process involves reviewing alternatives and consequences?
44. Which economist first introduced the concept of the invisible hand?
45. What does it mean for a business to act ethically?
46. Financial freedom is to have enough savings and cash on hand to sustain the kind of life we desire for ourselves and our families.
47. Customers associate a socially responsible business with trust and integrity, so they are more comfortable dealing with such a business.
48. Ethical Codes Enforcement
49. It is considered to be a way of helping the society improve as a business operates
50. All of the following are important factors in the creation of an ethical business climate EXCEPT .....
51. Cultural Norms Impact
52. An agremment on rules of behaviour for the members of a group or organization
53. Which was declared by the Chinese government in 2014
54. These are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. Also, can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending on investors' strategic goals.
55. Economic responsibility is the primary responsibility of the company that needs to consider since the company's main goal is to help the economy's development, generate employment and provide goods or services for public use and consumption.
56. What is the term used to describe the degree of concern people have about an ethical issue?
57. It is illegal to test medicines and pharmaceuticals on animals in the UK.
58. Companies do not have to be socially responsible to whom?
59. The field of business ethics applies moral standards to business situations.
60. What does the Latin phrase "caveat emptor" mean?
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