This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Entrepreneurship > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is one way the government supports the economy through its employees? A) By providing free goods and services to all citizens. B) By offering unlimited loans to individuals. C) By employing people in the government, supplying them a salary so that they may participate in the economy. D) By mandating employment for all adults. Show Answer Correct Answer: C) By employing people in the government, supplying them a salary so that they may participate in the economy. 2. What is the key argument for businesses embracing CSR according to the stakeholder concept? A) It is the ethical thing to do. B) Greater customer loyalty. C) Necessary in order to avoid excessive regulation. D) Potential for differentiation and using CSR as a USP. Show Answer Correct Answer: A) It is the ethical thing to do. 3. Which stakeholder would benefit from a business not having corporate social responsibility? A) Owners. B) Government. C) Customers. D) Local Community. Show Answer Correct Answer: A) Owners. 4. An organisation that buys directly from suppliers, making sure that the price paid is high enough to allow fair wages to be paid A) London Stock Exchange. B) Organics. C) National Farmers' Union. D) Fair Trade. Show Answer Correct Answer: D) Fair Trade. 5. Why is it important for businesses to consider ethical practices? A) To avoid legal consequences. B) To gain competitive advantage. C) To maximize profits. D) None of the above. Show Answer Correct Answer: A) To avoid legal consequences. 6. What is the main purpose of business ethics in an organization A) Maximizing profits at any cost. B) Ensuring legal compliance only. C) Balancing the interests of stakeholders ethically. D) Ignoring social responsibility. Show Answer Correct Answer: C) Balancing the interests of stakeholders ethically. 7. What is the new social contract between employers and employees? A) Employees are employed as long as they add value to the organization. B) Employees will have job security for life. C) Employers must provide training unrelated to the job. D) Employers are solely responsible for maintaining jobs. Show Answer Correct Answer: A) Employees are employed as long as they add value to the organization. 8. Taking care of all aspects of your job A) Responsibility. B) Honesty. C) Loyalty. D) Integrity. Show Answer Correct Answer: A) Responsibility. 9. Socially responsible companies often gain: A) Lower employee morale. B) Stronger community relationships and customer loyalty. C) Higher pollution levels. D) Government fines. Show Answer Correct Answer: B) Stronger community relationships and customer loyalty. 10. The application of ethical and moral principles or in a business environment is referred as A) Business Law. B) Business Management. C) Business Ethics. D) Business Deal. Show Answer Correct Answer: C) Business Ethics. 11. At least ..... of the Average net profit should be spent on C.S.R A) 2%. B) 5%. C) 3%. D) None of the above. Show Answer Correct Answer: A) 2%. 12. What is the relationship between CSR and business ethics? A) CSR is unrelated to business ethics and focuses solely on profit. B) Business ethics is a subset of CSR that only addresses environmental issues. C) CSR and business ethics are completely opposite concepts with no overlap. D) CSR is an extension of business ethics that integrates ethical considerations into business practices. Show Answer Correct Answer: D) CSR is an extension of business ethics that integrates ethical considerations into business practices. 13. Islam places greater importance on A) Being Honest. B) Being kind. C) Equality. D) All the options. Show Answer Correct Answer: D) All the options. 14. Which of the following is NOT an example of unethical behavior? A) False advertising. B) Bribing officials. C) Paying fair wages. D) Insider trading. Show Answer Correct Answer: C) Paying fair wages. 15. Actions for which a person or group of people can be held responsible for, either rewarded or liable for? A) Moral duty. B) Social responsibility. C) Personal accountability. D) Legal obligation. Show Answer Correct Answer: B) Social responsibility. 16. What term is used to describe the ethical principles and moral or ethical problems that arise in a business environment? A) Ethics. B) Social Responsibility. C) Nonrenewable Resource. D) Business Ethics. Show Answer Correct Answer: D) Business Ethics. 17. Media does not play important role in public life. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 18. What does the term "Corporate Governance" refer to in a business context A) Maximize shareholders wealth. B) B) The system of rules, practices, and processes by which a company is directed and controlled. C) C) Minimizing employee benefits. D) D) Ignoring environmental sustainability. Show Answer Correct Answer: B) B) The system of rules, practices, and processes by which a company is directed and controlled. 19. What is the significance of whistleblowing in maintaining ethical standards within a company A) C) Provides a mechanism for employees to report unethical practices. B) D) Prioritizes individual interests over organizational values. C) A) Encourages unethical behavior. D) ) Discourages transparency. Show Answer Correct Answer: A) C) Provides a mechanism for employees to report unethical practices. 20. What is the role of a Code of Conduct in business ethics A) Encourages unethical behavior. B) Disregards employee well-being. C) Establishes guidelines for ethical behavior within the organization. D) Maximizes individual interests over organizational goals. Show Answer Correct Answer: C) Establishes guidelines for ethical behavior within the organization. 21. What is the impact of the misuse of artificially intelligent technologies on society? A) It promotes individual rights and privacy. B) It has no impact on society. C) It can lead to discrimination against minority members of society. D) It encourages technological advancements. Show Answer Correct Answer: C) It can lead to discrimination against minority members of society. 22. Mark figured out his teacher's password to unlock her electronic grade-book. What is the ethically correct thing for him to do? A) Tell the teacher so she may change it. B) Give the password to all the other students. C) Use the password to change his grades. D) Keep it to himself, if someone else figures out the password it is not his problem. Show Answer Correct Answer: A) Tell the teacher so she may change it. 23. Gold, iron ore, coal and oil are all examples of what? A) Tradable permits. B) Regulation. C) Infinite resources. D) Commodities. Show Answer Correct Answer: D) Commodities. 24. Which of the following is an example of a Public Utility? A) Social media platforms. B) Water, electric, and sewer services. C) Private transportation companies. D) International tourism agencies. Show Answer Correct Answer: B) Water, electric, and sewer services. 25. How do ethics and social responsibility relate? A) They are completely separate ideas. B) Ethics focuses on individuals; social responsibility applies to groups only. C) Ethics guide right and wrong; social responsibility applies those ethics to society and the environment. D) Social responsibility replaces ethics. Show Answer Correct Answer: C) Ethics guide right and wrong; social responsibility applies those ethics to society and the environment. 26. Why are utility companies heavily regulated by the government? A) To ensure high profits for the companies. B) To protect consumers from price gouging and an overpopulated market. C) To allow the companies to have a monopoly over the market. D) To encourage the privatization of public goods. Show Answer Correct Answer: B) To protect consumers from price gouging and an overpopulated market. 27. Which company is rated as having the best C S R reputation by consumers? A) Microsoft. B) The Lego Group. C) Google. D) Walt Disney Company. Show Answer Correct Answer: B) The Lego Group. 28. What does "business ethics" refer to? A) Maximizing profits at any cost. B) The principles and values that guide business behavior. C) Government regulations on business operations. D) Employee productivity and efficiency. Show Answer Correct Answer: B) The principles and values that guide business behavior. 29. A company reducing its energy consumption to lower costs and decrease environmental impact is an example of: A) Traditional Profit Maximization. B) Corporate Negligence. C) Corporate Social Responsibility (CSR). D) Creating Shared Value (CSV). Show Answer Correct Answer: D) Creating Shared Value (CSV). 30. In what way are ethics maintained according to the text? A) By adhering to established moral principles and guidelines. B) By relying solely on legal regulations. C) By following personal beliefs and opinions. D) By ignoring societal norms and values. Show Answer Correct Answer: A) By adhering to established moral principles and guidelines. 31. What is the main role of "Principles" ? A) To define what is good. B) To give life to values and principles. C) To generate profit. D) To outline how values may or may not be achieved. Show Answer Correct Answer: D) To outline how values may or may not be achieved. 32. What is a timely ethical issue related to the environment? A) The 2008 subprime lending crisis. B) The development of the European Union. C) The rise of artificial intelligence. D) Climate change and the environment. Show Answer Correct Answer: D) Climate change and the environment. 33. Three perspectives of stakeholders theory are normative, descriptive, and ..... A) Urgency. B) Instrumental. C) All the above. D) None of the above. Show Answer Correct Answer: B) Instrumental. 34. Deceptive Advertising A) Advertising that is solely based on customer testimonials. B) Advertising that misleads or misrepresents the truth about a product or service. C) Advertising that accurately represents the truth about a product or service. D) Advertising that only promotes products with scientific evidence. Show Answer Correct Answer: B) Advertising that misleads or misrepresents the truth about a product or service. 35. Which of the following is a socially responsible business practice? A) Ignoring environmental laws. B) Recycling and reducing waste. C) Paying workers below minimum wage. D) Making false product claims. Show Answer Correct Answer: B) Recycling and reducing waste. 36. Why is a business code of conduct important for an organization? A) To ignore legal compliance and ethical standards. B) To encourage unhealthy competition and toxic work environment. C) To discourage employee morale and productivity. D) To set ethical standards, promote a positive work culture, and ensure legal compliance. Show Answer Correct Answer: D) To set ethical standards, promote a positive work culture, and ensure legal compliance. 37. Which term refers to the obligation of a company to act in ways that benefit society at large? A) Planned obsolescence. B) Cause-related marketing. C) Social responsibility. D) Green marketing. Show Answer Correct Answer: C) Social responsibility. 38. Shared values, norms, and artifacts that influence employees and determine behavior? A) Organizational Culture. B) Ethics. C) Compliance. D) Cultural Audit. Show Answer Correct Answer: A) Organizational Culture. 39. Which of the following best describes the concept of 'Sustainability' in business? A) Focusing solely on short-term profits. B) Balancing economic, social, and environmental needs. C) Expanding market share rapidly. D) Reducing employee benefits to cut costs. Show Answer Correct Answer: B) Balancing economic, social, and environmental needs. 40. How can a conflict of interest impact ethical decision making in a business setting? A) By promoting fair and impartial decision making. B) By increasing transparency and accountability. C) By leading to biased decision making. D) By reducing the need for ethical considerations. Show Answer Correct Answer: C) By leading to biased decision making. 41. ..... guides everyone to embrace ethical practices and to deal with ethical issues. A) Compliance manual. B) Code of ethical conduct. C) All the above. D) None of the above. Show Answer Correct Answer: B) Code of ethical conduct. 42. Which of the following is NOT a way the government pays for things? A) Printing more money. B) Income Taxes. C) Selling Bonds. D) Property Taxes. Show Answer Correct Answer: A) Printing more money. 43. Social Responsibility A) The obligation of businesses to act in the best interests of their environment and society as a whole. B) The practice of maximizing profits at any cost. C) The requirement to follow government regulations only. D) The focus on short-term gains over long-term sustainability. Show Answer Correct Answer: A) The obligation of businesses to act in the best interests of their environment and society as a whole. 44. What does ethical business adhere to? A) Laws and regulations at local, state, and federal levels. It treats its employees fairly, communicating with them honestly and openly. B) Maximizing profits at any cost, regardless of the impact on employees or the community. C) Following only the federal laws while ignoring state and local regulations. D) Prioritizing shareholder interests over employee welfare and community relations. Show Answer Correct Answer: A) Laws and regulations at local, state, and federal levels. It treats its employees fairly, communicating with them honestly and openly. 45. Which of the following is an ethical issue in business? A) Deciding on a new product name. B) Choosing suppliers based on personal relationships. C) Researching new markets. D) Calculating profit margins. Show Answer Correct Answer: B) Choosing suppliers based on personal relationships. 46. The four types of social responsibility include: A) Legal, Philanthropic, Economic, And Ethical. B) Ethical, Moral, Social, And Economic. C) Philanthropic, Justice, Economic, and Ethical. D) Legal, Moral, Ethical, and Economic. Show Answer Correct Answer: A) Legal, Philanthropic, Economic, And Ethical. 47. What (Negative) Filipino Value System refers to straining his own finances just to impress his guests? A) Filipino Time. B) Penchant of Law breaking. C) Bahala Na. D) Excessive parting. Show Answer Correct Answer: D) Excessive parting. 48. Does the government regulate business practices and utilities in the U.S.? A) No, there is no regulation at all. B) Yes, but only for utilities. C) Yes, but only for business practices. D) Yes, the government does regulate certain business practices and utilities. Show Answer Correct Answer: D) Yes, the government does regulate certain business practices and utilities. 49. Which of the following is an example of an area where business ethics apply? A) Conduct of international operations. B) Nowhere. C) In the personal liffe of staff. D) None of the above. Show Answer Correct Answer: A) Conduct of international operations. 50. Which of the following statement employs concept of Corporate Social Responsibility? CSR is ..... A) Good stewardship of the environment while doing business. B) Only applicable to BIG companies as MSME can't afford the cost of CSR. C) The way business projects balance in handling environment concern though Press Releases. D) Brand enhancement, market differentiation and employee satisfaction in order employ good business deals. Show Answer Correct Answer: A) Good stewardship of the environment while doing business. 51. What are the potential consequences of not addressing unethical behavior in the workplace? A) Higher profits and business growth. B) Increased productivity and employee satisfaction. C) Toxic work environment, decreased morale, loss of trust in leadership, and potential legal consequences. D) Improved teamwork and collaboration. Show Answer Correct Answer: C) Toxic work environment, decreased morale, loss of trust in leadership, and potential legal consequences. 52. Business Social Responsibility are duties and obligations of business which contribute to the well-being of society. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 53. Which of the following is NOT a stakeholder of a business? A) Employees. B) Competitors. C) Investors. D) Customers. Show Answer Correct Answer: B) Competitors. 54. Which of the following sentences uses the term 'ethical' correctly? A) The company's ethical was questioned after the scandal. B) She made an ethical decision to report the misconduct. C) They were ethical about the new product launch. D) Ethical is important for business success. Show Answer Correct Answer: B) She made an ethical decision to report the misconduct. 55. Which of the following actions demonstrates ethical leadership? A) Setting rules but not following them. B) Ignoring employees' safety concerns. C) Acting with honesty and fairness in decision-making. D) Hiding financial losses. Show Answer Correct Answer: C) Acting with honesty and fairness in decision-making. 56. If a lack of ethics in a business becomes public knowledge, what does that business lose? A) Increased profits. B) Market share. C) Employee satisfaction. D) Company credibility. Show Answer Correct Answer: D) Company credibility. 57. Which is not an advantage of starting a business ethically? A) Greater support from customers and supplier. B) Decreased risk of lawsuits and other legal problems. C) Unhappy communities. D) Happier and more engaged employees. Show Answer Correct Answer: C) Unhappy communities. 58. What can put pressure on businesses to behave in a socially responsible way? A) Media coverage. B) Investors. C) Government actions. D) Consumer actions. Show Answer Correct Answer: D) Consumer actions. 59. What were the consequences for the ethical choice? A) Immediate financial gain. B) Long-term respect and credibility. C) Short-term challenges and difficulties. D) Quick resolution of the situation. Show Answer Correct Answer: B) Long-term respect and credibility. 60. What role do individuals play in maintaining ethics? A) Individuals have no impact on ethical standards. B) Ethics are solely determined by laws and regulations. C) Individuals play a crucial role in upholding and promoting ethical standards through their actions and decisions. D) Only organizations are responsible for maintaining ethics. Show Answer Correct Answer: C) Individuals play a crucial role in upholding and promoting ethical standards through their actions and decisions. ← PreviousNext →Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 1Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 3Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 4Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 5Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 6Class 12 Entrepreneurship Chapter 1 Entrepreneurship And Enterprise QuizClass 12 Entrepreneurship Chapter 2 Entrepreneurial Planning QuizClass 12 Entrepreneurship Chapter 3 Project Formulation And Analysis Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books