This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An enterprise provides right of information about products to the consumers by A) Labelling. B) Advertising. C) Pricing. D) All of the above. Show Answer Correct Answer: A) Labelling. 2. CSDM-develops and manages programs, projects, and private-public partnership (PPP) platforms A) Center for Social Development Management. B) Center of Social Development Management. C) Center from Social Development Management. D) None of the above. Show Answer Correct Answer: A) Center for Social Development Management. 3. Business ethics aim to: A) Ensure a competitive advantage. B) Promote fairness and integrity in business dealings. C) Manipulate market trends. D) Maximize shareholder profits at any cost. Show Answer Correct Answer: B) Promote fairness and integrity in business dealings. 4. Asking someone their age in the work place is ..... A) Ethical. B) Unethical. C) Tolerable. D) None of the above. Show Answer Correct Answer: B) Unethical. 5. An unethical business practice when service providers are guilty of charging more than the actual price for the services given A) MISLEADING ADVERTISEMENTS. B) OVERBILLING. C) MAKING FALSE CLAIMS. D) CUSTOMER SERVICE FAILURE. Show Answer Correct Answer: B) OVERBILLING. 6. ..... ensures that sensitive information are accessed only by an authorized person and kept away from those not authorized to possess them. A) Availability. B) Confidentiality. C) Cryptography. D) Integrity. Show Answer Correct Answer: B) Confidentiality. 7. Which of the following is a disadvantage of social responsibility?a. Possession of resources A) Posession of resources. B) Ethical obligation. C) Public image. D) Violation of profit maximisation objective. Show Answer Correct Answer: D) Violation of profit maximisation objective. 8. Accountability is the quality of making judgment that is free from discrimination. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. Professional ethics often include: A) Compliance with legal requirements only. B) Following the highest standards of the profession. C) Focusing solely on personal advancement. D) Ignoring ethical dilemmas in the workplace. Show Answer Correct Answer: B) Following the highest standards of the profession. 10. Explain the difference between absolutism and relativism in ethics. A) Absolutism and relativism both agree on the same moral principles. B) Absolutism denies the existence of any moral truths. C) Absolutism asserts universal moral truths, while relativism claims morality is context-dependent. D) Relativism believes in fixed moral standards for all cultures. Show Answer Correct Answer: C) Absolutism asserts universal moral truths, while relativism claims morality is context-dependent. 11. What are the different types of business ethics? A) Normative Ethics, Descriptive Ethics, Meta-Ethics, Applied Ethics, Professional Ethics. B) Corporate Governance. C) Financial Ethics. D) Environmental Ethics. Show Answer Correct Answer: A) Normative Ethics, Descriptive Ethics, Meta-Ethics, Applied Ethics, Professional Ethics. 12. How does the government affect the idea of social responsibility in a planned economy? A) The government heavily regulates business activities to ensure the business supports social ideals. B) The government passes laws to make sure business interests do not damage society. C) The government attempts to offset small business restrictions. D) The government requires higher stakeholder returns. Show Answer Correct Answer: A) The government heavily regulates business activities to ensure the business supports social ideals. 13. What are the main theories of ethics? A) Moral Relativism. B) Hedonism. C) Consequentialism, Deontology, Virtue Ethics, Care Ethics. D) Utilitarianism. Show Answer Correct Answer: C) Consequentialism, Deontology, Virtue Ethics, Care Ethics. 14. Which of the following ethical issues is NOT a result of technological advances in the workplace? A) Office politics. B) Privacy and confidentiality breaches. C) Using company property for personal use. D) Ownership dispute about electronic information. Show Answer Correct Answer: A) Office politics. 15. The role of ethical principles in decision making is to: A) Guide individuals to make morally sound choices. B) Ensure decisions are always profitable. C) Promote personal interests above all else. D) Ignore the consequences of actions. Show Answer Correct Answer: A) Guide individuals to make morally sound choices. 16. Business ethics primarily deal with: A) Maximizing profits. B) Balancing stakeholder interests. C) Competing aggressively. D) Ignoring societal values. Show Answer Correct Answer: B) Balancing stakeholder interests. 17. Business people expect employees to be loyal and ..... A) Truthful. B) Clear cut. C) Impossible. D) None of the above. Show Answer Correct Answer: A) Truthful. 18. What is the term for the practice of limiting investments to securities that fit within beliefs about ethical and social responsibility? A) Ethical investing. B) Social investing. C) Strategic investing. D) Responsible investing. Show Answer Correct Answer: D) Responsible investing. 19. What does the term 'ethics' refer to? A) A branch of philosophy dealing with art. B) A scientific study of human behavior. C) Accepted principles of right or wrong governing conduct. D) A set of rules for operating machines. Show Answer Correct Answer: C) Accepted principles of right or wrong governing conduct. 20. When CEO of the companies are committed towards ethical code, it is related to which of the following elements of ethics? A) Publication of Code. B) Measuring results. C) Top Management Commitment. D) Involving employees at all levels. E) None. Show Answer Correct Answer: C) Top Management Commitment. 21. Trade associations' role in encouraging ethics A) Trade associations often provide ethical guidelines for their members. B) Trade associations focus solely on profit maximization. C) Trade associations discourage ethical practices among their members. D) Trade associations have no influence on member ethics. Show Answer Correct Answer: A) Trade associations often provide ethical guidelines for their members. 22. One way through which companies reduce unethical behavior in their employees is by ..... A) Disciplining unethical behavior in front of their boards of directors. B) Creating and maintaining a corporate culture of trust. C) Giving their CEOs more power than their boards of directors. D) Paying low attention to audits and spot checks. Show Answer Correct Answer: B) Creating and maintaining a corporate culture of trust. 23. The purpose of intellectual property is ..... A) To encourage creativity and invention. B) To sue people. C) To create arguments between companies. D) To make copyright laws. Show Answer Correct Answer: A) To encourage creativity and invention. 24. A large tech company donates a portion of its proceeds to charity. This is an example of ..... responsibility. A) Legal. B) Ethical. C) Philanthropic. D) Economic. Show Answer Correct Answer: C) Philanthropic. 25. A core principle of business ethics wherein managers act with impartiality in all their transactions and do not exercise their power for their own personal advantage. A) FAIRNESS. B) ACCOUNTABILITY. C) INTEGRITY. D) HONESTY. Show Answer Correct Answer: A) FAIRNESS. 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