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 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the I S O 14001 certification related to? A) Workplace romance. B) Environmental management. C) Whistle-blowing. D) Financial performance. Show Answer Correct Answer: B) Environmental management. 2. A company donates part of its profits to local schools. This is an example of: A) Product promotion. B) Social responsibility. C) Ethical misconduct. D) Legal compliance only. Show Answer Correct Answer: B) Social responsibility. 3. Ethics enable your workers to feel a strong alignment between their values and those of your business A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 4. What are the implications of CSR for long-term business success? A) CSR has no impact on employee satisfaction or retention. B) CSR leads to improved brand reputation, customer loyalty, talent attraction, and risk mitigation, all of which are crucial for long-term business success. C) CSR increases short-term profits but harms long-term sustainability. D) CSR is primarily a marketing tool with no real business benefits. Show Answer Correct Answer: B) CSR leads to improved brand reputation, customer loyalty, talent attraction, and risk mitigation, all of which are crucial for long-term business success. 5. How can a business be environmentally friendly as part of CSR? A) Adopt sustainable practices, reduce waste, and support environmental initiatives. B) Focus solely on profit maximization. C) Increase carbon emissions. D) Ignore waste management. Show Answer Correct Answer: A) Adopt sustainable practices, reduce waste, and support environmental initiatives. 6. Who are individuals that report unethical or illegal activities within an organization? A) Corporate philanthropists. B) Social auditors. C) Whistle-blowers. D) Stakeholders. Show Answer Correct Answer: C) Whistle-blowers. 7. What can be a controversial topic related to Public Utilities? A) The regulation of food products. B) Privatization of public goods/utilities. C) The use of renewable energy sources. D) The expansion of digital services. Show Answer Correct Answer: B) Privatization of public goods/utilities. 8. Which of the following is not a potential benefit of practicing business ethics? A) Enhancing stakeholder relationships. B) Attracting government funding. C) Improving company performance. D) None of the above. Show Answer Correct Answer: C) Improving company performance. 9. What is the term for a business expanding its operations to other countries? A) Domestication. B) Localization. C) Isolation. D) Internationalization. Show Answer Correct Answer: D) Internationalization. 10. What is the definition of Corporate Social Responsibility (CSR)? A) A business's initiatives regarding the community and environment. B) A business's initiatives regarding profit maximization. C) A business's initiatives regarding market dominance. D) A business's initiatives regarding employee satisfaction. Show Answer Correct Answer: A) A business's initiatives regarding the community and environment. 11. What are the ethical considerations when dealing with suppliers and partners in a business? A) Cutting corners and taking advantage of suppliers. B) Ignoring ethical standards and regulations. C) Fair treatment, transparency, and adherence to ethical standards. D) Being secretive and dishonest in business dealings. Show Answer Correct Answer: C) Fair treatment, transparency, and adherence to ethical standards. 12. All the following are good examples of CSR EXCEPT? A) Providing scholarships to the youths in a community. B) Paying of taxes when it is best for the company. C) Supporting a charitable event. D) Providing employment to the citizens of the society. Show Answer Correct Answer: B) Paying of taxes when it is best for the company. 13. Social responsibility is broader than legal responsibility of business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 14. How can businesses ensure transparency and accountability in their operations? A) By ignoring feedback from stakeholders and customers. B) By keeping inaccurate records and financial statements. C) By conducting audits irregularly and infrequently. D) By implementing clear communication channels, maintaining accurate records, conducting regular audits, and involving stakeholders in decision-making processes. Show Answer Correct Answer: D) By implementing clear communication channels, maintaining accurate records, conducting regular audits, and involving stakeholders in decision-making processes. 15. The term "Greenwashing" refers to: A) Implementing genuine environmental sustainability practices. B) Investing in renewable energy projects. C) Misleading claims about a company's environmental efforts. D) Government subsidies for eco-friendly businesses. Show Answer Correct Answer: C) Misleading claims about a company's environmental efforts. 16. In which society people do not have extended families? A) Eastern. B) Asian. C) Western. D) None of the above. Show Answer Correct Answer: C) Western. 17. Can CSR be considered a form of self-regulation? A) Yes, CSR can be considered a form of self-regulation. B) No, CSR is only a marketing strategy. C) CSR is mandated by government regulations. D) CSR has no impact on corporate behavior. Show Answer Correct Answer: A) Yes, CSR can be considered a form of self-regulation. 18. Why does lack of ethics appear? A) Poor planning and faults elsewhere in the business. B) Inadequate training and development. C) Excessive focus on profit margins. D) Weak leadership and management practices. Show Answer Correct Answer: A) Poor planning and faults elsewhere in the business. 19. Every society has its own concept of A) Good and Bad. B) Right and Wrong. C) Positive and negative. D) All of the options. Show Answer Correct Answer: D) All of the options. 20. How does an ethical business demonstrate respect to its vendors? A) By paying on time and utilizing fair buying practices. B) By negotiating the lowest prices regardless of quality. C) By prioritizing their own profits over vendor relationships. D) By frequently changing vendors to find better deals. Show Answer Correct Answer: A) By paying on time and utilizing fair buying practices. ← PreviousRelated 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 4Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 5Class 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