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Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 2 (60 MCQs)

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1. According to Adam Smith's concept of the "invisible hand, " what guides economic activity?
2. What is likely the single MOST effective step that a company can take to set ethical standards?
3. Define business ethics.
4. Which of the following are components of a well-designed whistle-blowing policy?
5. Which of the following is an ethical issue related to marketing?
6. What is the role of leadership in business ethics?
7. The part of your mind that tells you whether what you are doing is morally right or wrong
8. The problems associated with the disposal of waste have declined in recent years because of modern technology.
9. Give the inventory the sole right to make, use, or sell the item for 20 years.
10. An example of poor worker treatment is in the Foxconn factories used by Apple in which country?
11. Businesses should practice good ethics because it
12. If Business is to operate in a Society which is full of diverse & complicated problems, it may have
13. The evolution of ethics is influenced by:
14. Venture capitalists
15. What is most likely to occur when a business exhibits ethical behavior by being fair and honest?
16. Companies practicing CSR can achieve sustainable success by aligning financial goals with social impact.
17. A business is normally at its riskiest point during the ..... phase.
18. The process of the evolution of ethics is influenced by:
19. Prevents unfair business practices such as false advertising, deceptive pricing, and misleading labeling.
20. What is the significance of 'transparency' in business ethics?
21. Which organisation ensures fair prices are paid to the producers of products such as coffee, tea and chocolate in developing countries?
22. Taking money from a cash register, taking goods from a store without paying for them, using company money to pay for personal items or entertainment on a business trip would be considered .....
23. What is a social responsibility of a business towards its consumers?
24. What is an entrepreneur's responsibility to customers?
25. There is usually no trade-off between being socially responsible and economic performance.
26. When making an introduction, who is introduced first?
27. A business with poor ethics is likely to
28. ..... is one important reason due to which business enterprises feels concerned with social responsibility
29. Which of the following is a key component of business ethics?
30. Corporate social responsibility is created as an act of protecting the profit of the company and is a genuine social responsibility toward doing something good for the world.
31. Which form of intellectual property protects inventions?
32. False marketing to deceive consumers into believing that a company's products are environmentally friendly is called .....
33. What is a primary argument for businesses to fulfill their social responsibilities?
34. Which of the following is the type of financial intermediary that pools savings of individuals and makes them available to business and government users?
35. What is the purpose of Corporate Governance in a business?
36. The U.S. Attorney announced that the United States had filed a suit that alleged Oracle Corporation had violated the False Claims Act. The U.S. government learned about the overcharging from a former Oracle vice president. The vice president acted as a(n) .
37. Firms that meet, and occasionally exceed legal and ethical requirements take what type of social responsibility stance?
38. Which of the following is an example of an ethical dilemma in stakeholder theory?
39. ..... integrity tests indirectly estimate employee honesty by measuring psychological traits.
40. What is the teleological approach to ethics?
41. Donating a portion of profits to charities and social causes.
42. Lacking moral principles.
43. What factors should be considered in Ethical Decision Making?
44. Which of the following is NOT an example of a stakeholder group that an organization must satisfy to assure long-term survival?
45. Which is not an example of economic responsibility.
46. Promoting public health is one of the responsibilities of the business to the public. Supporting charities and other aid to humanity programs are also included.
47. Which of the following is a principle of business ethics?
48. What is a guide of principles designed to help professionals conduct business honestly and with integrity?
49. What role does the board of directors play in Corporate Governance?
50. The successful long-term management of an organization's financial, social, and environmental risks, opportunities, and obligations
51. This social enterprise helps to build a community through the management of property.
52. What is one way a business can treat their suppliers ethically?
53. Defined as meeting other expectations not defined by law
54. What is ethical in the following options
55. A company implementing a(n) ..... strategy would demonstrate the greatest willingness on the part of the company to meet or exceed society's expectations.
56. What role does 'corporate social responsibility' play in business ethics?
57. What are the legal requirements for Corporate Governance?
58. If we used the money from our borrowings, the asset bought is financed by .....
59. Integration in business ethics is .....
60. This obligation relates to which of the following stakeholder? Keep them informed of the business's performance.
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