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Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 3 (60 MCQs)

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1. Managers can use integrity tests to .....
2. Government's role in encouraging ethics
3. Respecting the religious sentiments and dignity of people while advertising for a product is .....
4. What is a partnership?
5. Carbon monoxide emitted by automobiles directly contributes to
6. You insert the exact amount into the vending machine at school for a can of soda. Two cans are released from the machine. What will you do with the extra can of soda?
7. Which is NOT a step in the ethical decision making process?
8. An event in which someone, especially someone important, behaves in a bad way that shocks people
9. Transparency means to be liable to explain or justify one's action and decision.
10. Base of pyramid of global responsibility and performance
11. The right to safety (protection from hazardous goods) and the right to be informed.
12. It is easy for an organization to develop ethics codes, policies, and procedures to deal with all relationships and every situation.
13. A good marketing strategy applies effectively in achieving this financial freedom.
14. A financial advisor receives a bonus for selling a certain mutual fund. Her reason for taking this action, which some consider unethical, might be that the action
15. The crime of deceiving people in order to gain something such as money or goods
16. Some people believe that a business's only true ethical obligation is to
17. Formal statement that defines how the organization expects and requires employees to resolve ethical questions.
18. Enforcement of Policies
19. Which of the following is a key responsibility of a business towards the government and community?
20. Society benefits from business organizations that do good and practice their social responsibility.
21. A ..... is defined as someone with a share or interest in a business enterprise.
22. This is a system of rules and practices by which companies are directed and controlled to ensure accountability, fairness and transparency
23. It is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Also, it allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices.
24. Which of the following refers to the code or system for controlling means to serve human ends?
25. What is an entrepreneur's responsibility to investors and creditors?
26. This is the most common business model wherein social enterprises charge clients a certain fee for services like hospitals, schools, and museums.
27. Exists when a business has control of the market for a product or service.
28. What does the evolution of ethics primarily focus on?
29. When business firms use eco-friendly method of production, then they are performing social responisbilities towards which group?
30. Which of the following best defines coercion in marketing?
31. Morals and behavior in business situations
32. How should firms ethically engage with stockholders?
33. Which one is NOT a good way to improve ethical behavior in business?
34. WHICH OF THE FOLLOWING BEST DEFINES BUSINESS ETHICS?
35. Which of the following statements about stakeholders of a company is correct?
36. Employees who act ethically have the traits
37. What is the process of creating, making, delivering, and promoting products that are environmentally safe?
38. Unethical business practices may lower a company's stock prices because
39. A situation in which an individual has competing interests or loyalties is called
40. These are mental abilities that managers must have to better understand, analyze, and diagnose complex situations.
41. Which of the following is NOT a self-test to help make the right ethical decision?
42. What are ethical theories?
43. The Equal Pay Act of 1963 prohibits which of the following types of discrimination?
44. Entrepreneurs that "cheat the system" when starting their businesses risk serious legal troubles in the future.
45. If business is to operate in a society which is full of diverse and complicated problems, it may have
46. What is a Stakeholder?
47. Corporate Social Responsibility (CSR) is purposely created by companies to contribute to sustainable development that is economically, socially, and environmentally that is beneficial to stakeholders.
48. Describe the deontological approach to ethics.
49. Fairness involves balancing the interests involved in all decision-making including decisions related to employees' hiring, firing, compensation, and reward system.
50. An enterprise must behave as good citizens. This is an example of its responsibility towards.
51. To buy shares, property, or goods because you hope that the value will increase and you can make a profit
52. Ethical businesses attract loyal customers and improve brand reputation.
53. The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to
54. Which of the following best defines 'corporate governance'?
55. When speaking to a large audience, what should be avoided?
56. This refers to the effort of the business organization to balance between maintaining the needs of the present and the ability of future generations to meet their needs through the preservation of the environment.
57. Guides the individual on proper conduct that is imposed by society and moral duties.
58. Which of the following is a true statement about ethical business practices:
59. What are moral principles that governs behavior?
60. The activity of buying and selling goods or services
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