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Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 8 (60 MCQs)

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1. The system that directs and controls business organizations is termed .....
2. How can a business be sustainable
3. Which of the following is a business considered by law to be a legal entity separate from its owners with many of the legal rights and privileges of a person?
4. This is a social business model wherein a social enterprise charges membership fees and provides a number of services to its members, who also run its operations.
5. Which of the following are benefits of being a socially responsible business?(1) lower production costs(2) better business reputation(3) attraction of customers who are also concerned about social responsibility
6. Ryan is continually late, what does this suggest to the people who he is meeting with?
7. Zeon Chemicals is a international manufacturers of rubber chemicals. They have been indicted as participants in a price-fixing scheme that drove up the costs of rubber chemicals used to make shoes and tires. This company ignored their ..... responsibility to society.
8. According to stockholder theory, the primary goal of a corporation is to:
9. Professional ethics are essential for:
10. RESPECT is a pillar of character. Which of the following best defines respect and provides an example?
11. Who out of these is not a famous whistleblower?
12. Which of the following is a trend in corporate philanthropy?
13. A business donated equipment to a homeless shelter what would that be called?
14. Which of the following steps in the ethical decison-making process involves devising an accurate problem definition?
15. How does corporate social responsibility (CSR) impact a company's reputation?
16. Which of the following is a potential consequence of poor business ethics:
17. The obligation of a business to contribute to society is referred to as .....
18. Which of the following is a benefit of adhering to business ethics?
19. Which area of the world accounts for approximately 84% of the world's palm oil?
20. What does CSR stand for in the context of business ethics?
21. The famous Smartphone "patent war" was between which two companies?
22. The people or groups who are involved in a legal argument or agreement
23. ..... is the application of standards of moral behavior to business situations.
24. CCC- "knowledge hub" for corporate citizenship
25. What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?
26. Identify the Ethical Issue
27. Jennifer knows her parents won't let her go to "the big party" if they find out the host's parents are out of town. Should she lie about it?
28. What is an entrepreneur's responsibility to employees?
29. Discuss the relationship between firms and their customers in terms of ethics.
30. Historically, ..... responsibility means making a profit by producing a product valued by society. It has been business's most basic social responsibility.
31. What is a plan designed to increase the number of employees from underrepresented groups at all levels within an organization?
32. Lisa is the secretary at Larson Psychiatry and her good friend's parents are new clients for marital counseling. Lisa doesn't think her friend knows her parents are receiving counseling but thinks she would like to know. What term best describes what Lisa would be breaking if she told her friend?
33. Rules based on moral principles about how businesses and employees ought to conduct themselves.
34. Any copying of copyrighted material done for a limited and transformative purpose, such as to comment upon, criticize or parody
35. Discrimination, workplace harassments, confidentiality breaches, and inaccurate maintenance of records are all examples of
36. Implementing social responsibility on a global level is complex because
37. It is illegal for managers and employees to report ethical violations (whistle blowing)
38. In 2020, Apple paid CEO Tim Cook how many times as much as the company paid its median employee?
39. Forcing someone to give you money through threats
40. What has become the most crucial element of responsibility to businesses across the globe?
41. Which is NOT a dimension of the triple bottom line?
42. What is selling shares of stock in a company for the first time to a general investing public called?
43. The public image of any firm would also be improved when it supports:
44. Thomas's boss complimented him on his netiquette, what is netiquette?
45. What involves the application of moral standards to business situations?
46. Why do ethical issues arise in international business?
47. Which of the following is a method to promote ethical behavior in a company?
48. It is illegal to test cosmetics on animals in the UK.
49. In this particular model, social enterprises charge fees but they concentrate on indigent customers.
50. Payments and Gifts in Business
51. What is a common consequence of unethical business practices?
52. Which of the following is not considered a stakeholder?
53. What does the term 'whistleblowing' refer to in a business context?
54. Which is not a form of business ownership?
55. Which of the following is a characteristic of an ethical organization?
56. Kind of assets that is used to generate income by renting or leasing idle assets like offices or vehicles to other non-profit organizations.
57. The belief that an activity is safe because it will never be found out is a common rationalization behind an employee's unethical conduct. To deter unethical behavior based on this rationalization, a manager should .....
58. Plagiarism is an ethical issues that is only found in schools and academic institutions.
59. An unethical business practice showing poor customer service like failure to replace a damaged product or serving a warranty
60. Understanding business ethics can be difficult since
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