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 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 12 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who increasingly expect the companies that they support to act in the best interest of their communities, the environment, and the world. A) Leaders. B) Owners. C) Customers. D) Schools. Show Answer Correct Answer: C) Customers. 2. A quality or feature of something that attracts your attention or makes you want to know more about it A) Interest. B) Invest. C) Bankrupt. D) Atmosphere. Show Answer Correct Answer: A) Interest. 3. Which of the following best describes 'ethical dilemma' in business? A) A situation where a business must choose between profit and ethics. B) A situation where a business must choose between two profitable options. C) A situation where a business must choose between two unethical options. D) A situation where a business must choose between two legal options. Show Answer Correct Answer: A) A situation where a business must choose between profit and ethics. 4. Resolution of an ethical dilemma can be achieved by first ..... A) Seeking help from one's employer to deal with the rising contention. B) Coming up with ways to justify unethical behavior. C) Recognizing the type of conflict one is dealing with. D) Selecting between conflicting values that are important to one as an employee. Show Answer Correct Answer: C) Recognizing the type of conflict one is dealing with. 5. What is the recognition that business activities have an impact on society and the consideration of that impact in business decision making? A) Conflict of Interest. B) Social Responsibility. C) Corporate Citizenship. D) Whistle Blowing. Show Answer Correct Answer: B) Social Responsibility. 6. It is refers to a corporation's responsibilities or obligations toward society. A) Corporate Socio Responsibility. B) Corporate Science Responsibility. C) Corporate Service Responsibility. D) Corporate Social Responsibility. Show Answer Correct Answer: D) Corporate Social Responsibility. 7. Code of conduct should be followed by which level of management? A) Top Level. B) Middle Level. C) Lower Level. D) All of these. E) None. Show Answer Correct Answer: D) All of these. 8. The recent rash of business scandals and increased concerns about the environment have created fresh interest in the issues of ..... and ..... A) Finances; employee discrimination. B) Ethics; promotion responsibility. C) Ethics; social responsibility. D) Management ethics; insider trading. Show Answer Correct Answer: C) Ethics; social responsibility. 9. One of the ways by which companies can show their responsibility toward the environment is by reducing their ..... A) Leapfrogging. B) Green procurement. C) Carbon footprint. D) Anaerobic digestion. Show Answer Correct Answer: C) Carbon footprint. 10. WHAT DOES CSR PRIMARILY FOCUS ON? A) Reducing business expenses. B) Increasing short-term profits. C) Business responsibilities toward society and the environment. D) Expanding global markets. Show Answer Correct Answer: C) Business responsibilities toward society and the environment. 11. Which of the following should be the first step in assessing ethical behavior in a certain situation? A) Gather a range of opinions on the effectiveness of the policy. B) Collect facts related to the situation. C) Make a judgment based on the outcome of the activity. D) Seek the advice of managers. Show Answer Correct Answer: B) Collect facts related to the situation. 12. One of its disadvantages is that the business operation is restricted by law A) Corporation. B) Sole Proprietorship. C) Partnership. D) Equity. Show Answer Correct Answer: A) Corporation. 13. The evolution of ethics is influenced by various factors, including: A) Technological advancements. B) Economic factors only. C) Government regulations only. D) Historical events and cultural shifts. Show Answer Correct Answer: D) Historical events and cultural shifts. 14. In what way can the government use indirect regulation to affect social responsibility? A) Providing tax incentives. B) Cooperating with foreign governments. C) Imposing fines to violators. D) Enacting laws. Show Answer Correct Answer: A) Providing tax incentives. 15. Which of the following the Financial Managers should consider when evaluating decision alternatives or potential actions? A) Only risk. B) Only return. C) Both risk and return. D) Risk, return, and the impact on share price. Show Answer Correct Answer: C) Both risk and return. 16. What is the meaning of the term 'social responsibility' in the context of business? A) The obligation of a business to maximize profits for its shareholders. B) The duty of a business to contribute to the well-being of society. C) The strategy of a business to reduce operational costs. D) The responsibility of a business to innovate and lead in its industry. Show Answer Correct Answer: B) The duty of a business to contribute to the well-being of society. 17. What is the most important responsibility of business according to Milton Friedman? A) Care of the environment. B) Contribute to the community. C) Take care of employees. D) Increase profits. Show Answer Correct Answer: D) Increase profits. 18. Which of the following is a true statement about breaking the law: A) It is necessary for business success. B) It will make a company more popular. C) It is acceptable in most industries. D) It may have different consequences than breaching ethics. Show Answer Correct Answer: D) It may have different consequences than breaching ethics. 19. Personal Knowledge Impact A) Has no effect on decision making. B) Influences individual ethical behavior. C) Increases knowledge retention. D) Decreases moral judgment. Show Answer Correct Answer: B) Influences individual ethical behavior. 20. What notion should be at the heart of ethical theory, according to virtue ethics? A) Intrinsic value. B) Duty. C) Pleasure. D) Moral character. Show Answer Correct Answer: D) Moral character. 21. Sustainability strategies in the digital age involve: A) Ignoring data privacy laws. B) Using digital tools to improve resource efficiency and transparency. C) Printing more marketing materials. D) Disregarding social media feedback. Show Answer Correct Answer: B) Using digital tools to improve resource efficiency and transparency. 22. Conflict between self financial interest and professional obligation is called? A) Being unprofessional. B) Mixing business with pleasure. C) Being irresponsible. D) Conflict of interest. Show Answer Correct Answer: D) Conflict of interest. 23. A set of guidelines for maintaining ethics in the workplace. A) Code of Ethics. B) Integrity. C) Code of Conduct. D) Code of Honor. Show Answer Correct Answer: A) Code of Ethics. 24. Percentage of Fortune 1000 firms with a formal code of ethics A) About 85 percent. B) About 95 percent. C) About 75 percent. D) About 65 percent. Show Answer Correct Answer: B) About 95 percent. 25. Which of the following defines workplace politics? A) Choices made according to law. B) Beliefs of a person or social group in which they have an emotional investment. C) Games played in a workplace environment to achieve status, advancement, and money. D) Professional standards of conduct, based on moral principles and values, guiding decision-making and actions. Show Answer Correct Answer: C) Games played in a workplace environment to achieve status, advancement, and money. 26. If you wish to speak without interrupting, you may send a nonverbal signal by ..... A) Looking at someone else. B) Ignoring the speaker. C) Spinning your eyes. D) Opening your mouth slightly. Show Answer Correct Answer: D) Opening your mouth slightly. 27. Ethical principles that aid in making wise choices and ethical decisions include: A) Honesty, fairness, respect, and responsibility. B) Selfishness, dishonesty, and bias. C) Ignoring consequences and acting impulsively. D) Prioritizing personal gain over others. Show Answer Correct Answer: A) Honesty, fairness, respect, and responsibility. 28. Which of the following companies is/are socially responsible?(1) A power company which develops new technology to help reduce gas emissions.(2) A printing company which accepts many orders from social welfare organisations.(3) A trading company which encourages employees to participate in voluntary work to serve the community. A) Only. B) And (3) only. C) And (3) only. D) , (2) and (3). Show Answer Correct Answer: B) And (3) only. 29. What are Ethical Dilemmas? A) When there is a clear and obvious solution to an ethical problem. B) When you choose the negative option in an ethical problem and get in trouble for it. C) When you ignore all ethical problems and continue business without concern. D) A decision that involves a conflict of values. Show Answer Correct Answer: D) A decision that involves a conflict of values. 30. What is the best way to build a successful company? A) Illegal activities. B) Unethical behavior. C) Overworked employees. D) Ethical behavior. Show Answer Correct Answer: D) Ethical behavior. 31. The Family and Medical Leave Act of 1993 allows how many weeks of unpaid, job-protected leave per year? A) 12 weeks. B) 9 weeks. C) 15 weeks. D) 10 weeks. Show Answer Correct Answer: A) 12 weeks. 32. Businesses work best when there is a mutual ..... between the buyer and seller. A) Understanding. B) Agreement. C) Trust. D) None of the above. Show Answer Correct Answer: C) Trust. 33. What is the philosophy that focuses on the consequences of an action to determine whether it is right or wrong? A) Utilitarianism. B) Deontology. C) Justice. D) Individual Rights. Show Answer Correct Answer: A) Utilitarianism. 34. Kumpuruhos Company an ice-cream manufacturing company, encourages all stakeholders, including the top management and employees at all levels in their stores, to consider individual and community welfare in their day-to-day decisions. This action undertaken by Kumpuruhos Company reflects ..... A) Social responsibility. B) Environmentalism. C) The selling concept. D) Partner relationship management. Show Answer Correct Answer: A) Social responsibility. 35. Create and Analyze Options A) Set aside strong feelings and consider many alternatives. Ask for input on which options offer the best long-term results. B) Choose the first option that comes to mind without further analysis. C) Ignore input from others and rely solely on personal judgment. D) Select options based on immediate benefits rather than long-term outcomes. Show Answer Correct Answer: A) Set aside strong feelings and consider many alternatives. Ask for input on which options offer the best long-term results. 36. Which of the following is a commonly used model of corporate social responsibility? A) Stakeholder Theory. B) Supply and Demand Model. C) Maslow's Hierarchy of Needs. D) Theory of Relativity. Show Answer Correct Answer: A) Stakeholder Theory. 37. These are social enterprises which provide loans and other investment facilities to small businesses and start-up social enterprises. A) Community Development Finance Institutions. B) Intangible Asset. C) Market Linkage Model. D) Organizational Support Model. Show Answer Correct Answer: A) Community Development Finance Institutions. 38. Which is ethical behaviour? A) Polluting the environment. B) Honest behaviour with the customer. C) Giving less remuneration to the employees. D) Selling inferior goods. Show Answer Correct Answer: B) Honest behaviour with the customer. 39. A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is termed ..... A) Absence paradox. B) Ethical dilemma. C) Discursive dilemma. D) Status paradox. Show Answer Correct Answer: B) Ethical dilemma. 40. This type of social enterprise help people renew their support networks and assist them in finding jobs. A) New Life Model. B) Social Firms. C) Social Enterprise. D) Networking. Show Answer Correct Answer: B) Social Firms. 41. They created and developed a principle-based global engagement platform for academic institutions for them to follow recommendations introduced by ..... A) International University Deans. B) Global Investors Association. C) Global Compact Office. D) International Business Tycoons. Show Answer Correct Answer: C) Global Compact Office. 42. A document that a firm uses to influence an individual's ethical behavior A) Corporate policy. B) Code of ethics. C) Employee handbook. D) Ethical guidelines. Show Answer Correct Answer: B) Code of ethics. 43. A set of rules, laws, or principles that tell people how to behave A) Corruption. B) Code. C) Invest. D) Scandals. Show Answer Correct Answer: B) Code. 44. What stance do firms who do as little as possible to solve social or environmental problems take? A) Social accommodation. B) Accommodative. C) Defensive. D) Obstructionist. Show Answer Correct Answer: D) Obstructionist. 45. Insider trading is illegal in the UK. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 46. Which of the following is a characteristic of ethical business communication? A) Clarity. B) Deception. C) Ambiguity. D) Manipulation. Show Answer Correct Answer: A) Clarity. 47. You and your friend were invited to a party over the weekend your parents say that you can go but your friends parents tell him that he can't go, his parents are gone for the weekend and he went to the party with him. Do you tell his parents? What would this me? A) Ethical Dilemma. B) Social audit. C) Code of Ethics. D) Whistle-Blowers. Show Answer Correct Answer: A) Ethical Dilemma. 48. When an activity benefits an individual but not the employer, what ethical dilemma has been created? A) Conflict of morals. B) Violation of the code of conduct. C) Conflict of interest. D) Lack of social responsibility. Show Answer Correct Answer: C) Conflict of interest. 49. What are emerging issues in business ethics today? A) Technology impact on privacy, sustainability, remote work ethics, diversity and inclusion, AI and automation challenges. B) Corporate tax evasion strategies. C) Employee benefits management. D) Traditional marketing ethics. Show Answer Correct Answer: A) Technology impact on privacy, sustainability, remote work ethics, diversity and inclusion, AI and automation challenges. 50. Define ethical values in the context of business. A) Ethical values in business are the principles that guide behavior and decision-making, including honesty, integrity, fairness, respect, and accountability. B) Prioritizing shareholder interests over ethical considerations. C) Ignoring employee welfare. D) Profit maximization at any cost. Show Answer Correct Answer: A) Ethical values in business are the principles that guide behavior and decision-making, including honesty, integrity, fairness, respect, and accountability. 51. This is a business practice of the organization that accounts for the social and environmental impacts that the business operation creates. A) Corporate Social Responsibility. B) Legal responsibilities. C) Ethical responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: A) Corporate Social Responsibility. 52. How can businesses reduce their carbon footprint for Environmental Sustainability? A) Implement energy-efficient practices, use renewable energy sources, reduce waste, promote telecommuting and remote work, encourage sustainable transportation options, and invest in carbon offset programs. B) Discourage telecommuting and remote work. C) Encourage excessive waste production. D) Increase carbon emissions, use non-renewable energy sources. Show Answer Correct Answer: A) Implement energy-efficient practices, use renewable energy sources, reduce waste, promote telecommuting and remote work, encourage sustainable transportation options, and invest in carbon offset programs. 53. How a corporation differs from a sole proprietorship? A) Corporations are owned by only one person. B) Corporations can sell stocks to large and small investors to raise money for the business. C) Sole proprietorships have limited liability for the owners. D) Sole proprietorships require a legal charter to start the business. Show Answer Correct Answer: B) Corporations can sell stocks to large and small investors to raise money for the business. 54. These were developed in 2007 by an International task for e of 60 deans, University Presidents, and Official representatives of leading business schools and academic institutions ..... A) CSR. B) SRI. C) PRME. D) BESR. Show Answer Correct Answer: C) PRME. 55. A type of social enterprise that ensure small producers like farmers get a fair price for their produce. A) Financial and economic sustainability in the long term. B) Community Development Finance Institutions. C) Fair Trade Organizations. D) Service or Product Subsidization Model. Show Answer Correct Answer: C) Fair Trade Organizations. 56. A type of social enterprise income generating act where it is taken from interests on saving deposits, bonds and others. A) Investment. B) Savings Account. C) Leasing. D) Cooperative Model. Show Answer Correct Answer: A) Investment. 57. Income is generated by leveraging these kind of assets like reputation, branding, and relationships. A) Intangible Assets. B) Investment. C) Trademarks. D) Tangible Assets. Show Answer Correct Answer: A) Intangible Assets. 58. Corporate liability arises when: A) A company changes its name. B) An employee uses personal time for side work. C) The company fails to ensure product safety, resulting in harm. D) Shareholders demand higher dividends. Show Answer Correct Answer: C) The company fails to ensure product safety, resulting in harm. 59. What is a crucial element for establishing an ethical business environment within an organization? A) Prioritizing short-term financial gains above all else. B) Ensuring that all employees work overtime without additional compensation. C) Top management openly and strongly committing to ethical conduct. D) Avoiding any written policies to maintain flexibility in operations. Show Answer Correct Answer: C) Top management openly and strongly committing to ethical conduct. 60. Environmental protection can best be done by the efforts A) Business people. B) Government. C) Scientists. D) All of these. E) None. Show Answer Correct Answer: D) All of these. ← 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