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 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 7 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What ethical considerations should firms have regarding competitors? A) Firms should engage in fair competition, avoid deceptive practices, respect intellectual property, and promote transparency. B) Firms should engage in aggressive marketing tactics to undermine competitors. C) Firms should prioritize profit over ethical considerations. D) Firms can use competitors' trade secrets to gain an advantage. Show Answer Correct Answer: A) Firms should engage in fair competition, avoid deceptive practices, respect intellectual property, and promote transparency. 2. The ability of a society or company to continue to operate without compromising the planet's environmental condition in the future. A) Sustainability. B) Strategic giving. C) All the above. D) None of the above. Show Answer Correct Answer: A) Sustainability. 3. Professional ethics refer to: A) Standards of behavior within a specific profession. B) Personal beliefs unrelated to work. C) Government regulations. D) Religious doctrines. Show Answer Correct Answer: A) Standards of behavior within a specific profession. 4. Which theory focuses on the moral obligations or rules regardless of outcomes? A) Stakeholder Theory. B) Ethics of Duties (Deontology). C) Ethical Egoism. D) Utilitarianism. Show Answer Correct Answer: B) Ethics of Duties (Deontology). 5. It is a project of the Focolare Movement that seeks to unite people through economic activity and enterprise. A) Wealth Based Enterprises. B) Economy of Communion Enterprises. C) Faith Based Enterprises. D) Economy of Community Enterprise. Show Answer Correct Answer: B) Economy of Communion Enterprises. 6. Mr. Peterson needs to cancel a meeting with a potential client, Mrs. Pippen. Mr. Peterson's assistant, Mr. Jordan has been the primary contact for Mrs. Pippen and scheduled her appointment to meet with Mr. Peterson. Who should call to cancel the appointment? A) Mr. Jordan. B) Mr. Peterson. C) Human Resource Department. D) Mrs. Pippen. Show Answer Correct Answer: A) Mr. Jordan. 7. What is one ethical practice mentioned that helps in reducing environmental impact? A) Increasing waste production. B) Using non-renewable resources. C) Testing on animals. D) Reducing transport. Show Answer Correct Answer: D) Reducing transport. 8. What is the difference between illegal behaviour and unethical behaviour? A) Illegal behavior is always unethical. B) Illegal behavior is a personal choice, while unethical behavior is a legal issue. C) Illegal behavior is against the law, while unethical behavior is against moral principles. D) Unethical behavior is always illegal. Show Answer Correct Answer: C) Illegal behavior is against the law, while unethical behavior is against moral principles. 9. Significant Others A) Values and attitudes of spouses, friends, and relatives. B) The influence of media on personal beliefs. C) Cultural norms and societal expectations. D) Personal preferences and individual choices. Show Answer Correct Answer: A) Values and attitudes of spouses, friends, and relatives. 10. Lorna received a voicemail message from a potential vendor she looked into for an upcoming company event. She has decided not to go with that company and doesn't have a lot of time before the event to call the company back. What should she do? A) Ignore the message. B) Call the vendor company and tell them her decision. C) Do not waste time calling the vendor company. D) Send a quick e-mail to the vendor company. Show Answer Correct Answer: D) Send a quick e-mail to the vendor company. 11. How can businesses support local communities through Community Engagement? A) By organizing events, sponsoring local initiatives, volunteering, providing resources or expertise, collaborating with local organizations, and listening to community needs. B) By ignoring community needs and focusing solely on profits. C) By excluding local organizations from any involvement. D) By implementing policies that harm rather than benefit the community. Show Answer Correct Answer: A) By organizing events, sponsoring local initiatives, volunteering, providing resources or expertise, collaborating with local organizations, and listening to community needs. 12. An ethical standard of perseverance would fall under the category of? A) Fairness. B) Respect. C) Responsibility. D) Citizenship. Show Answer Correct Answer: C) Responsibility. 13. Ethics and societal values influence business decisions by: A) Ensuring maximum profit at any cost. B) Guiding companies to make responsible choices. C) Focusing only on legal requirements. D) Ignoring the impact on society. Show Answer Correct Answer: B) Guiding companies to make responsible choices. 14. Belonging to or relating to a big company or organization A) Atmosphere. B) Ethics. C) Corporate. D) Corruption. Show Answer Correct Answer: C) Corporate. 15. Employees need only obey written work rules. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. What is the role of a code of ethics in a professional setting? A) To provide guidelines for acceptable behavior. B) To increase company profits. C) To eliminate competition. D) None of the above. Show Answer Correct Answer: A) To provide guidelines for acceptable behavior. 17. Which of the following best describes the concept of 'ethical leadership'? A) Leading by maximizing shareholder value. B) Leading by example in following legal requirements. C) Leading with a focus on ethical conduct and integrity. D) Leading through innovation and technological advancement. Show Answer Correct Answer: C) Leading with a focus on ethical conduct and integrity. 18. A company engaging in fair labor practices and providing a safe working environment is most likely addressing the concerns of which stakeholder group? A) Customers. B) Government Regulators. C) Shareholders. D) Employees. Show Answer Correct Answer: D) Employees. 19. What can business ethics be termed as? A) A study of proper business policies and practices. B) A form of corporate governance. C) A method of insider trading. D) A way to promote bribery. Show Answer Correct Answer: A) A study of proper business policies and practices. 20. "it is the concept of highest goal as ' services to society' when a firm stand in a long run and earn maximum profits" . This statement relates to one of the arguments for society responsibility. A) Long term interest. B) Better environment. C) Maintenance of society. D) Availability of resources. Show Answer Correct Answer: A) Long term interest. 21. The theory focus on the person's actions or the actions of others toward the person. A) Ethical theory. B) Philosophical theory. C) Right theory. D) Justice theory. Show Answer Correct Answer: C) Right theory. 22. Social responsibility is good business, but it does cost money. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. The right to consumer education entitles people to be fully informed about their rights as consumers. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. Unethical practices in organizations are often driven by: A) Pressure to achieve short-term goals at any cost. B) Corporate social responsibility initiatives. C) Strong ethical leadership. D) Emphasis on employee well-being. Show Answer Correct Answer: A) Pressure to achieve short-term goals at any cost. 25. Which is NOT a universal ethical standard? A) Be honest. B) Be Antagonistic. C) Be considerate. D) Be selfless. Show Answer Correct Answer: B) Be Antagonistic. 26. What makes ethical decision making difficult? A) Complexity of real-world decisions and their consequences. B) Lack of proper business education. C) Absence of ethical guidelines in businesses. D) Influence of technology on business operations. Show Answer Correct Answer: A) Complexity of real-world decisions and their consequences. 27. Rules about how businesses and their employees ought to behave A) Ethics. B) Social Responsibility. C) Code of Ethics. D) Business Ethics. Show Answer Correct Answer: D) Business Ethics. 28. Which practice contributes to a business being considered cruelty-free? A) Increasing energy use. B) Ignoring recycling. C) Using plastic materials. D) Not testing on animals. Show Answer Correct Answer: D) Not testing on animals. 29. What is the role of the Equal Employment Opportunity Commission (EEOC)? A) To promote green marketing. B) To investigate complaints of employment discrimination. C) To manage corporate citizenship. D) To enforce plagiarism laws. Show Answer Correct Answer: B) To investigate complaints of employment discrimination. 30. Which of the following is NOT an example of a situation in which an employee can apply the Family and Medical Leave Act of 1993? A) When unable to work because of a serious medical condition. B) During birth care of a newborn child. C) After placement of an adopted or foster care child. D) When caring for an aunt or uncle with serious medical conditions. Show Answer Correct Answer: D) When caring for an aunt or uncle with serious medical conditions. 31. Unfair treatment of staff is an example of which of the following? A) Unethical business practice. B) Ethical business practice. C) Moral business practice. D) Appropriate business practice. Show Answer Correct Answer: A) Unethical business practice. 32. Which of the following issues are addressed by business ethics? A) Business gifts. B) Employee privacy. C) Use of company property for personal use. D) Maintaining confidentiality. E) All of the above. Show Answer Correct Answer: E) All of the above. 33. Business do not have the responsibility to treat their employees fairly. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 34. Fair treatment of employees increases job satisfaction and productivity. A) EMPLOYEE MORALE. B) CONSUMER TRUST. C) PHILANTHROPY. D) LONG-TERM PROFITABILITY. Show Answer Correct Answer: A) EMPLOYEE MORALE. 35. Should supermarkets sell lager cheaper than bottled water? A) Arguments for both. B) Yes. C) No. D) None of the above. Show Answer Correct Answer: A) Arguments for both. 36. Ethnical behaviour in business will ..... (1) Enhance the public image of a business(2) increase the operating costs of a business in the long run(3) enable a business to be subject to a lower profits tax rate A) Only. B) Only. C) And (3) only. D) And (3) onnly. Show Answer Correct Answer: A) Only. 37. Determining what is right or wrong action in a reasoned and impartial manner. A) Ethics. B) Integrity. C) The Good. D) Morality. Show Answer Correct Answer: A) Ethics. 38. ..... include making decisions on how to fund long term investments (such as company expansions) and working capital which deals with the day to day operations of the company. A) Sources of funds. B) Short term investment decisions. C) Financing decisions. D) Issuance of new shares. Show Answer Correct Answer: C) Financing decisions. 39. Why is it important for businesses to adhere to ethical standards? A) To avoid legal issues and maintain a positive reputation. B) To increase their market share. C) To reduce operational costs. D) To expand into international markets. Show Answer Correct Answer: A) To avoid legal issues and maintain a positive reputation. 40. What is copyright? A) An image. B) Copies of work. C) A form of protection. D) A form of protection for kids. Show Answer Correct Answer: C) A form of protection. 41. Use of a patented invention without permission from the patent holder A) Patent Infringement. B) Code of Ethics. C) Fair Use. D) Laws. Show Answer Correct Answer: A) Patent Infringement. 42. One of several public copyright licenses which enables the free distribution of an otherwise copyrighted work A) Ethics. B) Defamation. C) Intellectual Property Agreement. D) Creative Common License. Show Answer Correct Answer: D) Creative Common License. 43. The principle for resolving an ethical dilemma in which one considers the question of what would happen if everyone made the same decision as him or her is termed ..... principle. A) Moral syncretism. B) Ends-based. C) Rules-based. D) Categorical imperative. Show Answer Correct Answer: C) Rules-based. 44. Moral rules or principles of behavior for deciding what is right and wrong A) Invest. B) Ethics. C) Interests. D) Fraud. Show Answer Correct Answer: B) Ethics. 45. What is the main motive of any business is profit but the prosperity and growth of business is not possible without a continuous service to the society. A) Avoidance of Government Regulation. B) Maintenance of Society. C) Justification for Existence and Growth. D) None of them. Show Answer Correct Answer: C) Justification for Existence and Growth. 46. This concept includes behavior that is not necessarily codified into law and may not serve the organization's direct economic interest. A) Discretionary responsibilities. B) Ethical responsibilities. C) Legal responsibilities. D) Economic responsibilities. Show Answer Correct Answer: A) Discretionary responsibilities. 47. Long-term debt instruments used by both government and business are known as what? A) Equities. B) Stocks. C) Bills. D) Bonds. Show Answer Correct Answer: D) Bonds. 48. A business form which is owned by two or more individuals. A) Cooperative. B) Corporation. C) Sole Proprietorship. D) Partnership. Show Answer Correct Answer: D) Partnership. 49. When a firm modifies a production process to limit the consumption of valuable resources, and promotes the product produced as environmentally friendly, what business practice are they engaging in? A) Collusion. B) Recycling. C) Green marketing. D) Consumerism. Show Answer Correct Answer: C) Green marketing. 50. What is one of the principles of business ethics? A) Promote insider trading. B) Avoid exploitation of consumers. C) Disregard social responsibilities. D) Encourage monopolies. Show Answer Correct Answer: B) Avoid exploitation of consumers. 51. Which of the following is NOT a cause of unethical behavior in organizations? A) Pressure to meet unrealistic goals. B) Poor leadership. C) Ambiguous company policies. D) Strong organizational culture. Show Answer Correct Answer: D) Strong organizational culture. 52. Treating your employer, coworkers, customers fairly, openly and with honesty would be considered ..... A) Ethical. B) Unethical. C) All the above. D) None of the above. Show Answer Correct Answer: A) Ethical. 53. Businesses are specifically obligated to A) Stakeholders. B) Themselves only. C) No one. D) Their competitors. Show Answer Correct Answer: A) Stakeholders. 54. The study of moral principles in business is known as what? A) Business Strategy. B) Business Ethics. C) Business Management. D) Business Analysis. Show Answer Correct Answer: B) Business Ethics. 55. Explain the ethical considerations in human resource management. A) Ethics in HRM only apply to recruitment processes. B) Employee satisfaction is not a concern in HRM. C) HRM focuses solely on maximizing profits. D) Key ethical considerations in HRM include fairness, equality, privacy, diversity, compensation, and compliance with laws. Show Answer Correct Answer: D) Key ethical considerations in HRM include fairness, equality, privacy, diversity, compensation, and compliance with laws. 56. Which business do not have social responsibility towards the customers? A) No adulteration in the goods. B) Making availability of good quality goods at the proper rate. C) Disclosing truth in advertisement. D) Providing share in profit. Show Answer Correct Answer: D) Providing share in profit. 57. Job creation is the process of creating new jobs, especially to provide work for people in the community through the establishment of the enterprise. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 58. Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees? A) The Equal Pay Act of 1963. B) The Fair Labor Standards Act of 1938. C) The Americans with Disabilities Act of 1990. D) Title VII of the Civil Rights Act of 1964. Show Answer Correct Answer: B) The Fair Labor Standards Act of 1938. 59. Which of the following Filipino values get along with different kinds of people? They can easily adjust to any situation and flexible? A) Generosity and helpful. B) Pakikisama. C) God Fearing. D) Ningas-kugon. Show Answer Correct Answer: B) Pakikisama. 60. Which of the following is a social responsibility of a business towards its shareholders or investors? A) Providing fair wages and salaries. B) Ensuring the safety of their investment. C) Supplying goods at reasonable prices. D) Respecting the laws of the country. Show Answer Correct Answer: B) Ensuring the safety of their investment. ← 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 8Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books