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 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 9 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Providing protection to the natural environment is a type of social responsibility of a business towards: A) Government and community. B) Employees. C) Owners. D) Consumers. Show Answer Correct Answer: A) Government and community. 2. This type of social enterprise is formed to assist the parent organization in social services. A) Financial and economic sustainability in the long term. B) Trading Arms of Charities. C) Social Business Model. D) Intangible Assets. Show Answer Correct Answer: B) Trading Arms of Charities. 3. If you work for an ethical, socially responsible company you will never be faced with an ethical issue or dilemma. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 4. This means to ensure the receipt of a favorable price based on a scope of work and adhering to a code of conduct to avoid violating public laws A) Corporate Social Responsibility. B) Discretionary responsibilities. C) Sound Business Practices. D) Legal Responsibility. Show Answer Correct Answer: A) Corporate Social Responsibility. 5. How do top managers BEST demonstrate a commitment to ethical business practices? A) By adopting and enforcing written codes of ethics. B) By decentralized decision-making practices. C) By cooperating with other companies. D) By monitoring employees' web searches. Show Answer Correct Answer: A) By adopting and enforcing written codes of ethics. 6. List and explain the main principles of business ethics. A) The main principles of business ethics are integrity, fairness, accountability, respect, and compliance. B) Aggressive competition. C) Profit maximization. D) Market dominance. Show Answer Correct Answer: A) The main principles of business ethics are integrity, fairness, accountability, respect, and compliance. 7. Which of the following is/are regarded as example(s) of a hotel fulfilling its social responsibilities?(1) allowing clerical staff to work from home when there are adverse weather conditions(2) paying the minimum wage to housekeepers(3) serving sharks fins if requested by customers A) Only. B) And (2) only. C) And (3) only. D) , (2) and (3). Show Answer Correct Answer: A) Only. 8. Ethics is the set of moral principles or values that defines right and wrong for a person or group. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. Rank 8 Best Corporate Citizen A) Chrysler LLC. B) General Motors. C) Tesla, Inc. D) Ford Motor Company. Show Answer Correct Answer: B) General Motors. 10. ..... are the expectations that a company will voluntarily serve a social role beyond its economic, legal, and ethical responsibilities. A) Ethical responsibilities. B) Discretionary responsibilities. C) Legal responsibilities. D) Economic responsibilities. Show Answer Correct Answer: B) Discretionary responsibilities. 11. The ethical norm of ..... addresses people's responsibilities to each other A) Caring. B) Justice. C) Utility. D) Rights. Show Answer Correct Answer: D) Rights. 12. What is the term for a company's commitment to ethical practices in its supply chain? A) Market Diversification. B) Supply Chain Management. C) Ethical Sourcing. D) Cost Optimization. Show Answer Correct Answer: C) Ethical Sourcing. 13. What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment? A) Business ethics. B) Socialization. C) Social responsibility. D) Corporatization. Show Answer Correct Answer: C) Social responsibility. 14. The government agency that is responsible for enforcing safety regulations in the workplace is A) FAA. B) OSHA. C) CDC. D) DOT. Show Answer Correct Answer: B) OSHA. 15. Why is business ethics important for organizations? A) Business ethics is only relevant for large corporations. B) Business ethics is important for organizations because it builds trust, enhances reputation, ensures legal compliance, and promotes a positive work environment. C) Business ethics can be ignored if profits are high. D) Business ethics is primarily about maximizing shareholder value. Show Answer Correct Answer: B) Business ethics is important for organizations because it builds trust, enhances reputation, ensures legal compliance, and promotes a positive work environment. 16. To ensure fair and regular return on investment, is related to which group: A) Customer. B) Employees. C) Shareholders. D) Community. Show Answer Correct Answer: C) Shareholders. 17. How many alternative solutions should be listed when making an ethical decision? A) Three. B) Five. C) Four. D) Two. Show Answer Correct Answer: A) Three. 18. A company that behaves unethically might face which of the following consequences: A) Decreased competition. B) Decreased internal problems. C) Potential jail time. D) Positive public image. Show Answer Correct Answer: C) Potential jail time. 19. Which of the following is capable of doing maximum good to society? A) Business success. B) Law & Regulations. C) Ethics. D) Professional management. E) None. Show Answer Correct Answer: C) Ethics. 20. Which of the following is an objective of employee ethics training? A) Teach employees a practical model of ethical decision making. B) Develop customer awareness about ethics. C) Push personal viewpoints throughout the entire organization. D) Decrease credibility with employees. Show Answer Correct Answer: A) Teach employees a practical model of ethical decision making. 21. Business ethics are the ethical principles used in making good business decisions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 22. Which is NOT a good question to consider if you are deciding if something is ethical or unethical? A) Will it make the company more profitable?. B) Would the activity be accepted by your coworkers?. C) Does your company have a code of ethics or policy against it?. D) Are there any potential legal restrictions or violations?. Show Answer Correct Answer: A) Will it make the company more profitable?. 23. Which of the following is an environmental sustainability issue? A) Fair wages. B) Air and water pollution. C) Gender equity. D) Leadership training. Show Answer Correct Answer: B) Air and water pollution. 24. In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 25. A set of moral principles by which people conduct themselves in the workplace A) Ethics. B) Humanities. C) Rules. D) None of the above. Show Answer Correct Answer: A) Ethics. 26. What does 'conflict of interest' mean in a business setting? A) A competition between two products. B) A disagreement between two companies. C) A situation where personal interests clash with professional duties. D) A negotiation between two parties. Show Answer Correct Answer: C) A situation where personal interests clash with professional duties. 27. The process of making illegally-gained money appear legal A) Embezzlemene. B) Corruption. C) Bribery. D) Money laundering. Show Answer Correct Answer: D) Money laundering. 28. To which of the following situations does the Family and Medical Leave Act NOT apply? A) Birth and care of a newborn child. B) Unable to work because of a serious medical condition. C) Care for an immediate family member with a serious medical condition. D) Unable to work because of family vacation. Show Answer Correct Answer: D) Unable to work because of family vacation. 29. In the United States, all bribes are unethical. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 30. What does 'Choice' mean in the context of business ethics? A) The act of selecting or making a decision when faced with two or more possibilities. B) A mandatory rule that must be followed in all situations. C) A financial transaction between two companies. D) A legal contract binding two parties. Show Answer Correct Answer: A) The act of selecting or making a decision when faced with two or more possibilities. 31. Ethical guidelines are best practices to follow in the workplace. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 32. It is where business minded people aim to invest in companies that do things in positive and responsible ways. It is how people look into social good and financial gain. A) Ethical Banking. B) Social Responsible Investing. C) MIcrofinance. D) Impact Investing. Show Answer Correct Answer: B) Social Responsible Investing. 33. Symbol which identifies a particular source of goods or services from others A) Non Disclosure Agreement. B) Trademark. C) Patent Infringement. D) Laws. Show Answer Correct Answer: B) Trademark. 34. What are some ways to ensure Consumer Protection in the marketplace? A) Ignoring consumer complaints. B) Implementing consumer protection laws, establishing regulatory bodies, promoting transparency, providing avenues for complaints and redressal, educating consumers. C) Reducing transparency in business practices. D) Limiting access to information. Show Answer Correct Answer: B) Implementing consumer protection laws, establishing regulatory bodies, promoting transparency, providing avenues for complaints and redressal, educating consumers. 35. The following things influence a person's value: A) Beliefs, experiences, and environment. B) Favorite color and food. C) Height and shoe size. D) Birth month and zodiac sign. Show Answer Correct Answer: A) Beliefs, experiences, and environment. 36. Stealing money placed in one's trust or under one's control A) Bribery. B) Tax evasion. C) Money laundering. D) Embezzlement. Show Answer Correct Answer: D) Embezzlement. 37. The main function of a code of ethics is to ..... A) Encourage managers and employees to make unsupervised decisions. B) Guide managers and employees in making sound decisions and choices every day. C) Liberate chief executive officers from any constraints placed by boards of directors. D) Decrease the independence of boards of directors and increases the power of investors. Show Answer Correct Answer: B) Guide managers and employees in making sound decisions and choices every day. 38. Self-imposed by professionals even above the requirements of the law. A) Ethics. B) Professional Ethics. C) General Ethics. D) Social Responsibilities. Show Answer Correct Answer: B) Professional Ethics. 39. In the context of business ethics, ..... refers to a decision that involves a conflict of values. A) An ethical dilemma. B) An ethical lapse. C) Ethical consumerism. D) Ethical hacking. Show Answer Correct Answer: A) An ethical dilemma. 40. What is the role of a 'code of ethics' in a business? A) To outline the company's financial goals. B) To provide guidelines for ethical behavior. C) To detail the company's product line. D) To describe the company's marketing strategy. Show Answer Correct Answer: B) To provide guidelines for ethical behavior. 41. It is important to pay attention to your credits because these determine what interest rate you are offered when you decide on your next loan. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 42. Other than Fairtrade what is another way businesses can be ethical? A) Making billions of money. B) Slavery. C) Paying minimum wage. D) Sourcing ethical products. Show Answer Correct Answer: D) Sourcing ethical products. 43. Secondary stakeholders are important to a company because: A) It depends on them for long-term survival. B) They can affect public perceptions and opinions. C) The company is endangered by a termination of their relationship. D) They have the direct power to control management decisions. E) They create an awareness of overt organizational integrity. Show Answer Correct Answer: B) They can affect public perceptions and opinions. 44. What are some common consumer rights that need to be protected? A) Right to education, right to healthcare, right to clean water. B) Right to privacy, right to vote, right to free speech. C) Right to work, right to leisure, right to social security. D) Right to safety, right to be informed, right to choose, right to be heard. Show Answer Correct Answer: D) Right to safety, right to be informed, right to choose, right to be heard. 45. How can ethical dilemmas be resolved in a business setting? A) Follow steps such as identifying the issue, gathering information, evaluating options, making a decision based on ethical principles, and implementing and monitoring the decision. B) Blaming others for the ethical issue. C) Ignoring the dilemma and hoping it resolves itself. D) Choosing the option that benefits the business the most, regardless of ethics. Show Answer Correct Answer: A) Follow steps such as identifying the issue, gathering information, evaluating options, making a decision based on ethical principles, and implementing and monitoring the decision. 46. Providing accurate and up-to-date information on the financial position of the company's responsibility of business towards A) Consumers. B) Workers. C) Owners and shareholders. D) Government and community. Show Answer Correct Answer: C) Owners and shareholders. 47. What is an example of a CSR initiative? A) A company reducing its carbon footprint. B) A company using deceptive advertising. C) A company paying employees below the minimum wage. D) A company prioritizing profit over employee welfare. Show Answer Correct Answer: A) A company reducing its carbon footprint. 48. Which of the following is true of the three principles for resolving an ethical dilemma? A) They predict the behavior of other people involved in a particular situation. B) They do not offer a perfect solution or resolution for every situation. C) They need to be applied simultaneously in order to be effective. D) They can only be applied to situations involving personal issues. Show Answer Correct Answer: B) They do not offer a perfect solution or resolution for every situation. 49. Most companies begin the process of establishing organizational ethics programs by developing: A) Ethics Enforcement Mechanisms. B) Hidden Agendas. C) Ethics Training Programs. D) Codes Of Conduct. Show Answer Correct Answer: D) Codes Of Conduct. 50. You're facing a tough situation and need to make the right decision. What can you use to guide you? A) Social responsibility. B) The Sarbanes-Oxley Act. C) Another business's ethics. D) Your personal code of ethics. Show Answer Correct Answer: D) Your personal code of ethics. 51. What is one way a business can treat their employees ethically? A) Provide transportation allowances. B) Offer stock options. C) Pay a fair wage. D) Increase vacation days. Show Answer Correct Answer: C) Pay a fair wage. 52. Jason is using a company printer to print fliers for his garage sale. Which of the following describes Jason's behavior? A) Ethical. B) Illegal. C) Approperiate. D) Unethical. Show Answer Correct Answer: D) Unethical. 53. How many criteria are mentioned in the "Ways to promote ethics" section A) 7. B) 4. C) 6. D) 5. Show Answer Correct Answer: C) 6. 54. What is one consequence of unethical behavior? (Fill in the blank) A) Increased trust from others. B) A poor reputation. C) More opportunities for promotion. D) Greater job security. Show Answer Correct Answer: B) A poor reputation. 55. Four parts of a contract A) Signature, Agreement, Competent Parties, Consideration. B) Agreement, Competent Parties, Legality, Signature. C) Agreement, Competent Parties, Consideration, Legality. D) Legality, Consideration, Digital Signature, Competent Parties. Show Answer Correct Answer: C) Agreement, Competent Parties, Consideration, Legality. 56. A core principle of business ethics where there is the exercise of compassion and sincere concern for others. A) Caring. B) Respect. C) Honesty. D) Integrity. Show Answer Correct Answer: A) Caring. 57. The quality of someone who always says the truth and never cheats A) Ethics. B) Codo of conduct. C) Honesty. D) Trade. Show Answer Correct Answer: C) Honesty. 58. What belief system focuses on the life and teachings of Jesus Christ? A) Hinduism. B) Islam. C) Christianity. D) Buddhism. Show Answer Correct Answer: C) Christianity. 59. Which of the following is NOT one of the four areas of social responsibility? A) Contract Enforcement. B) Job Protection. C) Employee Wellness. D) Environmental Protection. Show Answer Correct Answer: A) Contract Enforcement. 60. A system of moral principles or rules of conduct relating to human behavior. A) Guilt. B) Code of Ethics. C) Ethical dilemmas. D) Reputation. Show Answer Correct Answer: B) Code of Ethics. ← 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 7Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books