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 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identify factors that highlight the importance of business ethics. A) Short-term gains. B) Trust and credibility, legal compliance, positive workplace culture, brand reputation, long-term profitability. C) Employee turnover. D) Increased competition. Show Answer Correct Answer: B) Trust and credibility, legal compliance, positive workplace culture, brand reputation, long-term profitability. 2. Personal ethics are primarily guided by: A) Government regulations. B) Individual conscience and values. C) Organizational policies. D) Professional codes of conduct. Show Answer Correct Answer: B) Individual conscience and values. 3. What is the primary focus of a company that practices both business ethics and social responsibility? A) Maximizing short-term profits regardless of the consequences. B) Ensuring compliance with all legal requirements only. C) Balancing profit-making with positive contributions to society. D) Expanding market share through aggressive marketing tactics. Show Answer Correct Answer: C) Balancing profit-making with positive contributions to society. 4. Business ethics involve: A) Balancing profitability with social responsibility. B) Acting in ways that align with legal requirements only. C) Prioritizing personal gains over organizational success. D) Ignoring the impact of business actions on society. Show Answer Correct Answer: A) Balancing profitability with social responsibility. 5. Enforces laws and government regulations A) Civil Case. B) Police. C) Judge. D) Legal System. Show Answer Correct Answer: D) Legal System. 6. Sarah is always leaving early and taking longer lunch breaks than she should. This is an example of ..... deviance. A) Political. B) Production. C) Property. D) Personal. Show Answer Correct Answer: B) Production. 7. What encompasses all activities undertaken to protect the rights of consumers? A) Plagiarism. B) Consumerism. C) Corporate Citizenship. D) Business Ethics. Show Answer Correct Answer: B) Consumerism. 8. In the context of social responsibility, ..... include employees and investors who have a personal interest in the performance and actions of an organization. A) Prosumers. B) Philanthropists. C) Stakeholders. D) Focus groups. Show Answer Correct Answer: C) Stakeholders. 9. Relationships with customers and co-workers rarely create ethical problems. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 10. A clash between a person's private interests and his or her responsibilities in a position of trust. A) Clash of interest. B) Conflict of interest. C) Struggle of interest. D) Battle of interest. Show Answer Correct Answer: B) Conflict of interest. 11. Why is it important for a business to have a code of ethics? A) To ensure compliance with legal standards. B) To guide decision-making and establish a culture of integrity. C) To solely enhance the company's public image. D) To prevent employees from leaving the company. Show Answer Correct Answer: B) To guide decision-making and establish a culture of integrity. 12. When working to protect the environment, what type of pollution is created by carbon monoxide and other chemicals produced by manufacturing plants? A) Noise. B) Land. C) Water. D) Air. Show Answer Correct Answer: D) Air. 13. A written set of rules that guide the employee in an organization on how to conduct himself in accordance with the company's ethical standards and values. A) Mission Statement. B) Goals and Objectives. C) Executive Summary. D) Code of Ethics. Show Answer Correct Answer: D) Code of Ethics. 14. That an enterprise must behave as a good citizen, is an example of its responsibility towards A) Owners. B) Workers. C) Consumers. D) Community. E) None. Show Answer Correct Answer: D) Community. 15. Which of the following is an example of ethical leadership? A) Making decisions based solely on financial gain. B) Encouraging transparency and accountability. C) Prioritizing personal relationships over company policy. D) None of the above. Show Answer Correct Answer: B) Encouraging transparency and accountability. 16. Peoples' moral values and central, value-related attitudes clearly influence their business behavior and choices. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. What role do stakeholders play in promoting business ethics? A) They have no influence on business ethics. B) They can boycott unethical businesses. C) They can provide ethical guidelines and expectations. D) Both B and C are correct. Show Answer Correct Answer: D) Both B and C are correct. 18. The two types of integrity testing currently used by employers are overt integrity tests and personality-based integrity tests. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. It is the responsibility of the business to give a safe working place to the employees. However, it does not include giving them overtime pay when they render extra hours on duty. A) True. B) False. C) Maybe. D) All of the above. Show Answer Correct Answer: B) False. 20. Which of the following best defines stakeholder theory? A) Focuses on maximizing profits for shareholders. B) Prioritizes the interests of all individuals or groups affected by a business. C) Emphasizes the importance of corporate social responsibility. D) Promotes unethical behavior in business. Show Answer Correct Answer: B) Prioritizes the interests of all individuals or groups affected by a business. 21. As a message to an organization's stakeholders, ..... should represent a clear corporate commitment to the highest standards of principled behavior. A) A charter of compassion. B) Cuneiform law. C) A code of ethics. D) Corporate governance. Show Answer Correct Answer: C) A code of ethics. 22. Employees should use communication infrastructure properly and appropriately A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 23. Which of the following alone can ensure effective ethics program in business enterprise? A) None of them. B) Involvement of employees. C) Publication of a code. D) Establishment of compliance mechanism. Show Answer Correct Answer: C) Publication of a code. 24. A Code of Ethics for this class should include which of the following? A) Respect for others, honesty, responsibility, and fairness. B) Allowing cheating if it helps a friend. C) Ignoring classroom rules when convenient. D) Only following the rules when the teacher is present. Show Answer Correct Answer: A) Respect for others, honesty, responsibility, and fairness. 25. What is the primary purpose of ethical guidelines in a business? A) To increase the company's stock value. B) To ensure fair competition among employees. C) To guide behavior and support a culture of integrity and compliance. D) To simplify the decision-making process. Show Answer Correct Answer: C) To guide behavior and support a culture of integrity and compliance. 26. A social enterprise principle where an enterprise should strive to work for a cause with pleasure. A) Joy In Every Task. B) Joy Belmonte. C) Joy to the World. D) Work to be Promoted. Show Answer Correct Answer: A) Joy In Every Task. 27. A business's ethics determine whether or not an action is acceptable for that business, especially if the action A) Contributes to the business's profitability. B) Has a negative impact on others. C) Affects the environment. D) Is illegal. Show Answer Correct Answer: B) Has a negative impact on others. 28. How can companies promote Environmental Sustainability in their operations? A) Ignore environmental regulations. B) Increase carbon emissions. C) Implement energy-efficient practices, reduce waste, use eco-friendly materials, invest in renewable energy sources, and educate employees and customers about sustainability. D) Use non-recyclable materials. Show Answer Correct Answer: C) Implement energy-efficient practices, reduce waste, use eco-friendly materials, invest in renewable energy sources, and educate employees and customers about sustainability. 29. Business ethics primarily aims to: A) Increase organizational complexity. B) Decrease competition. C) Maximize shareholder returns. D) Promote moral conduct in business activities. Show Answer Correct Answer: D) Promote moral conduct in business activities. 30. The last step in the basic model of ethical decision making is to ..... A) Determine benchmarks. B) Determine alternative solutions. C) Act. D) Select an ethical leader. Show Answer Correct Answer: C) Act. 31. Right to information about the products produced is the responsibility towards which interest group? A) D) shareholders. B) B) government. C) (a)Employees. D) C) consumer. Show Answer Correct Answer: D) C) consumer. 32. What are some environmentally friendly ventures for entrepreneurs? A) Sustainable design, alternative energy, organics, and fair trade. B) Designing an energy-efficient workplace. C) Owing suppliers timely payment and respecting their pricing decisions. D) Regular and timely communication with investors. Show Answer Correct Answer: A) Sustainable design, alternative energy, organics, and fair trade. 33. When shaking hands in the United States, those who avert their eyes are viewed as ..... A) Hustlers. B) Honest. C) Trustworthy. D) Lacking confidence. Show Answer Correct Answer: D) Lacking confidence. 34. These are the purposes of business ethics. EXCEPT ..... A) They keep workers safe, help trade and interactions between companies remain honest and fair. B) Generally make for better goods and services. C) Keep the money balance for business. D) Distinguishing what a company will and won't stand for. Show Answer Correct Answer: C) Keep the money balance for business. 35. What is Copyright Infringement? A) Using someone work without permission. B) A picture of someones work. C) Liking someone's work. D) Copying of someone work. Show Answer Correct Answer: A) Using someone work without permission. 36. Businesses must be honest in reporting their profits and financial performance to avoid misleading investors A) True. B) False. C) Maybe. D) All of the above. Show Answer Correct Answer: A) True. 37. Protection of the consumer's right is the responsibility of the business organization A) True. B) False. C) Maybe. D) All of the above. Show Answer Correct Answer: B) False. 38. ..... are self-imposed while laws are imposed by an external governing authority A) Customers. B) Businesses. C) Government. D) Ethics. Show Answer Correct Answer: D) Ethics. 39. An organization must behave as a good citizen. This is an example of the responsibility towards: A) Government. B) Owners. C) Workers. D) Society. Show Answer Correct Answer: D) Society. 40. In a non-government office, it is very important because the appropriate information disclosure is necessary to inform donors about how their money is used by a certain organization. A) Fairness. B) Responsibility. C) Accountability. D) Transparency. Show Answer Correct Answer: D) Transparency. 41. It can easily raise additional by selling shares of stock to the public. A) Sole Proprietorship. B) Corporation. C) Partnership. D) Equity. Show Answer Correct Answer: B) Corporation. 42. A business's concern for society's welfare A) Ethical behavior. B) Corporate Social Responsibility. C) Copyright. D) Corporate praise. Show Answer Correct Answer: B) Corporate Social Responsibility. 43. A situation where a person must choose from a set of actions that may be ethical or unethical. A) Ethical issue. B) Government issue. C) All the above. D) None of the above. Show Answer Correct Answer: A) Ethical issue. 44. What do you think is the benefit of practicing good business ethics? A) Decrease in product sales. B) High employee retention rate. C) Lack of trust. D) Low morale of employees. Show Answer Correct Answer: B) High employee retention rate. 45. Having the ability to communicate efficiently in any situation falls under what category of skills A) Employability skills. B) Soft skills. C) Later skills. D) None of the above. Show Answer Correct Answer: B) Soft skills. 46. Transparency allows stakeholders to understand whether the activities of social institutions such as internet organizations and NGOs provide a genuine service to civil society and whether money is used appropriately. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 47. Why should a business practice good ethics? A) An unethical business will go bankrupt. B) The government will fine an unethical business. C) An ethical business makes more money than all its competitors. D) An ethical business contributes toward its own success. Show Answer Correct Answer: D) An ethical business contributes toward its own success. 48. Without enough money to pay what you owe A) Bankrupt. B) Corruption. C) Corporate. D) Atmosphere. Show Answer Correct Answer: A) Bankrupt. 49. Which of the following is an example of increased financial risk for a company with poor business ethics: A) Decreased company value. B) Increased sales. C) Increased productivity. D) Decreased labor cost. Show Answer Correct Answer: A) Decreased company value. 50. Identify the sentence that demonstrates proper sentence structure related to social responsibility. A) Social responsibility, it is important for businesses. B) Businesses must, to be socially responsible, consider the environment. C) To be socially responsible, businesses must consider the environment. D) The environment, businesses must consider to be socially responsible. Show Answer Correct Answer: C) To be socially responsible, businesses must consider the environment. 51. Define 'Morality' as it relates to business ethics. A) Principles concerning the distinction between right and wrong or good and bad behavior. B) The process of maximizing profits regardless of consequences. C) A set of legal rules enforced by government authorities. D) The ability to negotiate effectively in business deals. Show Answer Correct Answer: A) Principles concerning the distinction between right and wrong or good and bad behavior. 52. The act of dishonestly persuade someone to act in one's favor by a gift of money or other inducement A) Bribery. B) Embezzlement. C) All the above. D) None of the above. Show Answer Correct Answer: A) Bribery. 53. How can ethical decision making benefit a business? A) By reducing the need for employee training. B) By fostering trust and loyalty among customers and employees. C) By eliminating the need for marketing. D) By decreasing production costs. Show Answer Correct Answer: B) By fostering trust and loyalty among customers and employees. 54. The feeling that an event or place gives you A) Corruption. B) Atmosphere. C) Interest. D) Integrity. Show Answer Correct Answer: B) Atmosphere. 55. Which of the following is not a service provided by financial institutions? A) Buying the business of customer. B) Investing customers saving in stock and bonds. C) Paying savers interest on deposited funds. D) Lending money to customers. Show Answer Correct Answer: A) Buying the business of customer. 56. Providing fair compensation & safe working conditions, is related to social responsibilities towards: A) Customers. B) Shareholders. C) Community. D) Employees. E) None. Show Answer Correct Answer: D) Employees. 57. Intellectual property allows people to own non-physical creations. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 58. What are some strategies for promoting energy efficiency in a business? A) Conduct energy audits, implement energy-efficient technologies, set energy-saving goals, educate employees, monitor energy usage. B) Increase water consumption. C) Encourage leaving lights on overnight. D) Ignore energy usage altogether. Show Answer Correct Answer: A) Conduct energy audits, implement energy-efficient technologies, set energy-saving goals, educate employees, monitor energy usage. 59. Which of the following is an example of unethical business practice? A) Environmental sustainability. B) Transparent financial reporting. C) Fair labor practices. D) Insider trading. Show Answer Correct Answer: D) Insider trading. 60. Ethical egoism holds that: A) One should act in ways that maximize overall happiness. B) Moral behavior involves helping others. C) Individuals should act in their own self-interest. D) Decisions should be based on legal standards alone. Show Answer Correct Answer: C) Individuals should act in their own self-interest. ← 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 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 8Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books