This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which isn't a reason why business ethics are important? A) The power and influence of business means it has the potential to inflict harm on society. B) Ethical companies are more likely to achieve government funding and local funds. C) The continued occurrence of ethical infractions shows it's needed. D) Ethical companies have been found to be more effective performers. Show Answer Correct Answer: B) Ethical companies are more likely to achieve government funding and local funds. 2. What does social responsibility in business refer to? A) The obligation to maximize profits for shareholders. B) The concern of businesses for the welfare of society beyond legal requirements. C) The responsibility to pay taxes. D) The duty to engage in competitive practices. Show Answer Correct Answer: B) The concern of businesses for the welfare of society beyond legal requirements. 3. The chairperson of the board of directors and CEO should be leaders with: A) Vision and problem solving skills. B) The ability to motivate. C) Business acumen. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Personal Goals A) Manner in which goals are pursued. B) A list of tasks to complete. C) A measure of success. D) A timeline for achievement. Show Answer Correct Answer: A) Manner in which goals are pursued. 5. IBLF-independent, nonprofit organization A) International Business Linkage Forum. B) International Business Leaders Forum. C) Internation Business Leads Forum. D) None of the above. Show Answer Correct Answer: B) International Business Leaders Forum. 6. How did the main principle of business ethics appear? A) It's appear from academia and on academic writings on proper business operations. B) It's appear from business talking and on academic writings on proper business operations. C) It's appear from academia and on business talking on proper business operations. D) It's appear from business talking and business research . Show Answer Correct Answer: A) It's appear from academia and on academic writings on proper business operations. 7. Whistleblowing involves: A) Making public a company's sales strategy. B) Reporting unethical practices within or outside an organization. C) Supporting management decisions. D) Promoting new policies. Show Answer Correct Answer: B) Reporting unethical practices within or outside an organization. 8. Which of the following alone can ensure effective ethics programme in a business enterprise? A) Publication of a code. B) Involvement of employees. C) Establishment of compliance mechanisms. D) None of these. Show Answer Correct Answer: B) Involvement of employees. 9. Which is not correct? A) The business should have only aim to achieve profits by any proper or improper way. B) Business deals its social responsibility properly. C) Proper behaviour with the others. D) Black marketing of the goods is unethical. Show Answer Correct Answer: A) The business should have only aim to achieve profits by any proper or improper way. 10. What is an example of corporate social responsibility? A) Designing an energy-efficient workplace. B) Serving only ethically sourced coffee. C) Complaining about supplier pricing decisions. D) Taking money based on false expectations. Show Answer Correct Answer: B) Serving only ethically sourced coffee. 11. What is a disadvantage for Fairtrade? A) It improves the quality of life for workers. B) It enhances the company's reputation. C) It may increase the cost of products, deterring some customers. D) It ensures a larger variety of products in the market. Show Answer Correct Answer: C) It may increase the cost of products, deterring some customers. 12. It is easier to raise capital as there are more than one investor. A) Partnership. B) Sole Proprietorship. C) Corporation. D) Capital. Show Answer Correct Answer: A) Partnership. 13. The first step of decision making is A) List your options. B) Outline the consequences. C) Identify the problem. D) Make the decision. Show Answer Correct Answer: C) Identify the problem. 14. As an organizational manager, what is the best way to encourage ethical behaviour in your employees? A) Lead by example. B) Hide difficulty decisions from employees. C) Ignore unethical behaviour. D) Have very strict rules in place. Show Answer Correct Answer: A) Lead by example. 15. How can a business minimise waste? A) Recycling. B) Use more plastic. C) Re-used packaging. D) Waste water. Show Answer Correct Answer: A) Recycling. 16. Which of the following types of choices are made based on moral principles and values? A) Ethical choices. B) Proper choices. C) Legal choices. D) Illegal choices. Show Answer Correct Answer: A) Ethical choices. 17. It is a business model with the objective of solving social issues and problems, while providing goods or services. A) Corporate Social Responsibility. B) Social Firms. C) Social Enterprise. D) Service or Product Subsidization Model. Show Answer Correct Answer: C) Social Enterprise. 18. What are the key characteristics of business ethics? A) Minimal regulation. B) Profit maximization. C) Aggressive competition. D) Integrity, accountability, transparency, fairness, respect, compliance with laws. Show Answer Correct Answer: D) Integrity, accountability, transparency, fairness, respect, compliance with laws. 19. Which of the following is a key component of a corporate code of ethics? A) Strategies for profit maximization. B) Guidelines for ethical behavior. C) Rules for competitive advantage. D) Methods for employee exploitation. Show Answer Correct Answer: B) Guidelines for ethical behavior. 20. Someone who owns shares or stocks in a company or business; also known as a stockholder A) Stakeholder. B) Shareholder. C) Parties. D) Interests. Show Answer Correct Answer: B) Shareholder. 21. A social business model that provide support services to entrepreneurs who would like to embark on their own endeavours. A) Market Intermediary Model. B) Low-Income Client Model. C) Social Business Model. D) Entrepreneur Support Model. Show Answer Correct Answer: D) Entrepreneur Support Model. 22. Promoting high-calorie/low-nutrient foods with inadequate information about the risks is a(n) ..... practice. A) Legal but unethical. B) Illegal and unethical. C) Legal and ethical. D) Illegal but ethical. Show Answer Correct Answer: A) Legal but unethical. 23. What is a key concern in marketing ethics? A) Increasing product inventory. B) Customer service efficiency. C) Truth in advertising. D) Sales team structure. Show Answer Correct Answer: C) Truth in advertising. 24. ..... management is neither immoral nor moral. A) Marketing. B) Business. C) Amoral. D) Finance. Show Answer Correct Answer: C) Amoral. 25. What happens if a company makes unsafe products? A) The company can improve its profits. B) The company may have to recall the product and replace it at great expense. C) The unsafe products can improve the company's reputation. D) Customers will accept the unsafe products because they have no choice. Show Answer Correct Answer: B) The company may have to recall the product and replace it at great expense. ← PreviousNext →Related 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 8Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 9Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books