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 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Eastern culture displays more ..... A) Collectivism. B) Individualism. C) Concentration. D) Negativism. Show Answer Correct Answer: A) Collectivism. 2. What does not belong to principles of ethics? A) Trustworthiness. B) Leadership. C) Accountability. D) Fairness. Show Answer Correct Answer: A) Trustworthiness. 3. Who is known as the Philosopher King? A) Aristotle. B) Betham and Mill. C) Plato. D) Socrates. Show Answer Correct Answer: C) Plato. 4. According to ..... , human action must be rationalized based on human intelligence and willpower. A) Aristotle Theory. B) Kant Theory. C) All the above. D) None of the above. Show Answer Correct Answer: B) Kant Theory. 5. Corporate social Responsibility is self-regulating business model A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. What is the United States federal law that mandates certain practices in financial record keeping and reporting for corporations? A) Sardines-Oxlley 404 Act of 2002. B) Sarbaines-Oxlei 404 Act of 2002. C) Sarbaines-Oxely 404 Act of 2002. D) Sarbanes-Oxley 404 Act of 2002. Show Answer Correct Answer: D) Sarbanes-Oxley 404 Act of 2002. 7. What (Negative) Filipino Values System refers to an overheard conversation or anonymous sources of information? A) Ningas Cogon. B) Grapevine. C) Crab mentality. D) Mana Habit. Show Answer Correct Answer: B) Grapevine. 8. What (Negative) Filipino Value System refers to "self-righteous disobedience" or blatant disregard of the rules? A) Penchant of Law breaking. B) Filipino Time. C) Excessive parting. D) Bahala Na. Show Answer Correct Answer: A) Penchant of Law breaking. 9. Companies these days will have to be socially responsible because of pressure of ..... movement. A) Government. B) Shareholder's. C) Labour. D) None of the above. Show Answer Correct Answer: C) Labour. 10. In Carroll Pyramid of Corporate Social Responsibility, philanthropic means ..... A) Be profitable. B) Giving back to society. C) All the above. D) None of the above. Show Answer Correct Answer: B) Giving back to society. 11. What do "Values" primarily convey in the context of ethics? A) What is right. B) How to achieve goals. C) What is good. D) Reasons for being. Show Answer Correct Answer: C) What is good. 12. What belief system believes in the unifying concept of KARMA and worships different Gods? A) Buddhism. B) Christianity. C) Hinduism. D) Islam. Show Answer Correct Answer: C) Hinduism. 13. What is a key trend in corporate philanthropy? A) Decreasing overall donations. B) Shifting focus to strategic giving. C) Giving only to the most popular causes. D) Avoiding any form of charitable giving. Show Answer Correct Answer: B) Shifting focus to strategic giving. 14. Which is not example of corporate social responsibility? A) Company gives 5 percent of company profit to local community. B) Company focuses on the profitability of the company . C) Providing aid towards natural disasters. D) Using resources efficiently and supporting renewable power. Show Answer Correct Answer: D) Using resources efficiently and supporting renewable power. 15. Which of the following is NOT one of the 4 main focuses of CSR (Corporate Social Responsibility)? A) Financial Growth. B) Job Safety. C) Environmental Protections. D) Workplace Diversity. Show Answer Correct Answer: A) Financial Growth. 16. How should actions be measured according to Utilitarianism A) By how much happiness or pleasure they produce. B) By which rules you followed. C) By what your intentions were. D) By how hard you try to do the right thing. Show Answer Correct Answer: A) By how much happiness or pleasure they produce. 17. Which level of CSR indicates that a company takes voluntary action to improve society. A) Discretionary. B) Legal. C) Ethical. D) Economic. Show Answer Correct Answer: A) Discretionary. 18. An all encompassing characteristics of an ethical business A) Market Share. B) Innovation. C) Profitability. D) Integrity. Show Answer Correct Answer: D) Integrity. 19. Which of the following is an example of unethical behavior in business? A) Donating to charitable organizations. B) Offering fair compensation to employees. C) Providing accurate financial statements to shareholders. D) Engaging in price-fixing with competitors. Show Answer Correct Answer: D) Engaging in price-fixing with competitors. 20. Solid relationships that are equally beneficial and both party's reap the benefits. An ethical business stays loyal to it's partnership even in challenging times. A) Trust. B) Loyalty. C) Collaboration. D) Profit. Show Answer Correct Answer: B) Loyalty. 21. Organizational stakeholders are those individuals and groups who have A) An interest in the firm's operations. B) An interest in, or are affected by the firm's operations. C) The ability to affect the firm's operations or profitability. D) A direct interest in the profits of the firm. Show Answer Correct Answer: B) An interest in, or are affected by the firm's operations. 22. Who does utilitarianism try to get the best outcome for? A) The boss. B) The poor. C) The individual. D) The greatest number of people. Show Answer Correct Answer: D) The greatest number of people. 23. An argument for social responsibility says, "converting problems into ..... " A) Opportunities. B) Liabilities. C) Solutions. D) Assets. Show Answer Correct Answer: A) Opportunities. 24. How does practicing business ethics contribute to long-term success? A) By avoiding legal consequences. B) By maximizing short-term profits. C) By gaining competitive advantage. D) None of the above. Show Answer Correct Answer: C) By gaining competitive advantage. 25. What is the responsibility of business to obey laws and other regulations according to Carroll's CSR Pyramid? A) Ethical. B) Philanthropic. C) Economic. D) Legal. Show Answer Correct Answer: D) Legal. 26. What is whistleblowing in the context of business ethics? A) Ignoring unethical or illegal activities within a company. B) Promoting unethical or illegal activities within a company. C) Reporting unethical or illegal activities within a company. D) Participating in unethical or illegal activities within a company. Show Answer Correct Answer: C) Reporting unethical or illegal activities within a company. 27. Workers respect company property when you treat them with disrespect A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 28. Professional groups such as doctors, lawyers and teachers have their own code of ethics. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 29. What is "money laundering" ? A) Creating the appearance that profits (obtained illegally) are "legitimate" assets. B) The act of putting money into a washing machine to remove stains and disinfect currency/notes. C) Buying stocks of a company whose main activity is cleaning or laundering luxury clothes. D) None of the above. Show Answer Correct Answer: A) Creating the appearance that profits (obtained illegally) are "legitimate" assets. 30. What is the first step in making a good ethical decision according to the lecture outline? A) Consulting with a manager. B) Recognizing unethical business activities. C) Taking a public opinion poll. D) Following the company's code of ethics. Show Answer Correct Answer: B) Recognizing unethical business activities. 31. What is the primary responsibility of the board of directors in corporate governance A) Maximizing personal wealth. B) Ensuring employee dissatisfaction. C) Protecting shareholder interests and overseeing management. D) Ignoring environmental regulations. Show Answer Correct Answer: C) Protecting shareholder interests and overseeing management. 32. Which of the following best describes corporate social responsibility (CSR)? A) Doing whatever benefits the company the most. B) A company's voluntary commitment to ethical, social, and environmental goals. C) A government regulation on small businesses. D) A type of advertising campaign. Show Answer Correct Answer: B) A company's voluntary commitment to ethical, social, and environmental goals. 33. What is social responsibility in a business context? A) The obligation of a business to contribute to society. B) The need to maximize profits. C) The requirement to follow legal standards. D) The focus on internal company policies. Show Answer Correct Answer: A) The obligation of a business to contribute to society. 34. A supermarket should not sell goods after its expiry date. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 35. According to Peter Drucker, what should organizations first consider regarding their impact on society? A) What they do to society. B) Their global expansion strategies. C) Their profitability. D) What they can do for society. Show Answer Correct Answer: D) What they can do for society. 36. According to the text, what is the main reason why preserving the environment should be a permanent part of doing business? A) Consumer demand for environmentally safe products. B) Public opinion demanding unethical practices. C) Decreasing complexity of environmental regulations. D) Lenders ignoring environmental liabilities. Show Answer Correct Answer: A) Consumer demand for environmentally safe products. 37. Who chooses how to most effectively use resources in the U.S. economy? A) Non-profit organizations. B) Foreign investors. C) Private organizations. D) The government. Show Answer Correct Answer: C) Private organizations. 38. Behavior that is considered ethical in one culture may not be acceptable in another culture. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 39. What is the practice of designing products with a limited useful life, so they will become obsolete and require replacement? A) Sustainable development. B) Social audit. C) Planned obsolescence. D) Corporate responsibility. Show Answer Correct Answer: C) Planned obsolescence. 40. What (Negative) Filipino Values System encourages procrastination? A) Crab mentality. B) Mana Habit. C) Ningas Cogon. D) Grapevine. Show Answer Correct Answer: B) Mana Habit. 41. How is U.S. Business Activity structured? A) As a mixed economy. B) As a private enterprise (free market). C) As a state-owned enterprise. D) As a government-controlled system. Show Answer Correct Answer: B) As a private enterprise (free market). 42. How can the government help businesses besides regulating them? A) By setting prices for all products. B) By collecting and sharing data on consumers, markets, or competitors. C) By banning private companies. D) By controlling the stock market. Show Answer Correct Answer: B) By collecting and sharing data on consumers, markets, or competitors. 43. Which of the following best illustrates a company acting ethically? A) Respecting customer privacy. B) Discriminating against employees. C) Ignoring safety regulations. D) Falsifying financial records. Show Answer Correct Answer: A) Respecting customer privacy. 44. Some examples of poor ethics are: A) Being unpunctual and blowing the whistle. B) Lying and solving problems. C) Poor attendance and gossiping. D) Accountability and lying. Show Answer Correct Answer: C) Poor attendance and gossiping. 45. 'The application of moral principles, standards of behavior, or set of values regarding proper conduct in the workplace as individuals and as group setting' A) Gossip. B) Bribe. C) Accountability. D) Ethics. Show Answer Correct Answer: D) Ethics. 46. What is one method the government uses to assist private companies directly? A) By purchasing stocks in private companies. B) By providing free advertising for private companies. C) By buying goods and services from private companies. D) By offering free products to the public. Show Answer Correct Answer: C) By buying goods and services from private companies. 47. The most common issues in corporate governance is ..... A) Integrity and trustworthiness. B) Conflict of interest. C) All the above. D) None of the above. Show Answer Correct Answer: B) Conflict of interest. 48. These are significant factors in ethical decision-making A) Ethics and Corporate Culture. B) Branding and Marketing. C) Education and Age. D) Rewards and Recognition. Show Answer Correct Answer: A) Ethics and Corporate Culture. 49. What's ethics all about? A) An ethnic minority. B) A person who's a bit daft. C) Morally correct behaviour. D) Making lots of money out of customers, bleeding them dry!. Show Answer Correct Answer: C) Morally correct behaviour. 50. Convention means A) A large religious gathering. B) A habit or generally agreed practice. C) A part of international law. D) None of the above. Show Answer Correct Answer: B) A habit or generally agreed practice. 51. Which is not a reason a business engages in business ethics? A) To recover a company's image after a notorious business scandal. B) To enhance stakeholder relationships. C) To act with real commitment. D) To enhance global relationships. Show Answer Correct Answer: D) To enhance global relationships. 52. What does whistle-blowing refer to in a business context? A) Misrepresenting print materials. B) Engaging in workplace romance. C) Offering bribes to officials. D) Reporting unethical violations by employees. Show Answer Correct Answer: D) Reporting unethical violations by employees. 53. What does CSR mean? A) Computer Security Regulations. B) Corporate Social Responsibility. C) Canine Secure Reality. D) Company Social Reputation. Show Answer Correct Answer: B) Corporate Social Responsibility. 54. What are universal ethical standards? A) Ethical norms that apply to all people across a broad spectrum of situations. B) Rules specific to a particular culture. C) Guidelines for business conduct only. D) Standards that vary from person to person. Show Answer Correct Answer: A) Ethical norms that apply to all people across a broad spectrum of situations. 55. What does Interstate Commerce refer to? A) Business conducted internationally. B) Business conducted within local communities. C) Business conducted between two or more states. D) Business conducted within a single state. Show Answer Correct Answer: C) Business conducted between two or more states. 56. Who introduced the concept of Creating Shared Value (CSV)? A) Michael Porter and Mark Kramer. B) Peter Drucker. C) Milton Friedman. D) Henry Mintzberg. Show Answer Correct Answer: A) Michael Porter and Mark Kramer. 57. What is the term for the exchange of goods and services between countries? A) Local trade. B) Domestic trade. C) Barter trade. D) International trade. Show Answer Correct Answer: D) International trade. 58. What is the responsibility to give back to society and do good according to Carroll's CSR Pyramid? A) Legal. B) Economic. C) Philanthropic. D) Ethical. Show Answer Correct Answer: C) Philanthropic. 59. The following are examples of good ethics at the workplace A) Blow the whistle, stay productive, and set the example. B) Stay productive, being punctual, and lack of communication. C) Lying, being accountable, and gossiping. D) Critical thinking, setting the example, and falsifying information. Show Answer Correct Answer: A) Blow the whistle, stay productive, and set the example. 60. Schwartz, Dunfee, and Kline recommend six core values to guide their behavior as board members which are honesty, integrity, loyalty, responsibility, fairness, and ..... A) Empathy. B) Citizenship. C) All the above. D) None of the above. Show Answer Correct Answer: B) Citizenship. ← 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 2Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 3Class 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