This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Without enough money to pay what you owe A) Corruption. B) Bankrupt. C) Atmosphere. D) Corporate. Show Answer Correct Answer: B) Bankrupt. 2. Which of the following is an example of increased financial risk for a company with poor business ethics: A) Decreased company value. B) Increased productivity. C) Increased sales. D) Decreased labor cost. Show Answer Correct Answer: A) Decreased company value. 3. Identify the sentence that demonstrates proper sentence structure related to social responsibility. A) Social responsibility, it is important for businesses. B) Businesses must, to be socially responsible, consider the environment. C) To be socially responsible, businesses must consider the environment. D) The environment, businesses must consider to be socially responsible. Show Answer Correct Answer: C) To be socially responsible, businesses must consider the environment. 4. Define 'Morality' as it relates to business ethics. A) Principles concerning the distinction between right and wrong or good and bad behavior. B) The process of maximizing profits regardless of consequences. C) A set of legal rules enforced by government authorities. D) The ability to negotiate effectively in business deals. Show Answer Correct Answer: A) Principles concerning the distinction between right and wrong or good and bad behavior. 5. The act of dishonestly persuade someone to act in one's favor by a gift of money or other inducement A) Bribery. B) Embezzlement. C) All the above. D) None of the above. Show Answer Correct Answer: A) Bribery. 6. How can ethical decision making benefit a business? A) By reducing the need for employee training. B) By fostering trust and loyalty among customers and employees. C) By eliminating the need for marketing. D) By decreasing production costs. Show Answer Correct Answer: B) By fostering trust and loyalty among customers and employees. 7. The feeling that an event or place gives you A) Corruption. B) Interest. C) Atmosphere. D) Integrity. Show Answer Correct Answer: C) Atmosphere. 8. Which of the following is not a service provided by financial institutions? A) Buying the business of customer. B) Investing customers saving in stock and bonds. C) Paying savers interest on deposited funds. D) Lending money to customers. Show Answer Correct Answer: A) Buying the business of customer. 9. Providing fair compensation & safe working conditions, is related to social responsibilities towards: A) Customers. B) Shareholders. C) Community. D) Employees. E) None. Show Answer Correct Answer: D) Employees. 10. Intellectual property allows people to own non-physical creations. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 11. What are some strategies for promoting energy efficiency in a business? A) Conduct energy audits, implement energy-efficient technologies, set energy-saving goals, educate employees, monitor energy usage. B) Ignore energy usage altogether. C) Encourage leaving lights on overnight. D) Increase water consumption. Show Answer Correct Answer: A) Conduct energy audits, implement energy-efficient technologies, set energy-saving goals, educate employees, monitor energy usage. 12. Which of the following is an example of unethical business practice? A) Transparent financial reporting. B) Insider trading. C) Fair labor practices. D) Environmental sustainability. Show Answer Correct Answer: B) Insider trading. 13. Ethical egoism holds that: A) One should act in ways that maximize overall happiness. B) Moral behavior involves helping others. C) Individuals should act in their own self-interest. D) Decisions should be based on legal standards alone. Show Answer Correct Answer: C) Individuals should act in their own self-interest. 14. What are the key components of Corporate Governance? A) Transparency, Accountability, Fairness, Responsibility. B) Efficiency, Profitability, Growth. C) All the above. D) None of the above. Show Answer Correct Answer: A) Transparency, Accountability, Fairness, Responsibility. 15. Which of the following is a key component of corporate governance? A) Maximizing short-term profits. B) Ensuring transparency and accountability. C) Reducing employee benefits. D) Focusing solely on shareholder interests. Show Answer Correct Answer: B) Ensuring transparency and accountability. 16. A company goes bankrupt because of its unethical accounting practices. The reason for this unethical behavior is that the action is A) Not illegal. B) Acceptable in foreign cultures. C) Committed by unethical employees. D) Acceptable within the industry. Show Answer Correct Answer: C) Committed by unethical employees. 17. An act of an employee exposing an employer's wrongdoing to outsiders. A) Ethical Issue. B) Plagiarism. C) Consumerism. D) Whistleblowing. Show Answer Correct Answer: D) Whistleblowing. 18. Ethics is important for A) Top management. B) Middle-level managers. C) Non-managerial employees. D) All of these. E) None. Show Answer Correct Answer: D) All of these. 19. ..... is a serious issue that confronts business managers and decision making A) Pollution. B) Protection of the environment. C) Social responsibility. D) None of the above. Show Answer Correct Answer: B) Protection of the environment. 20. An affirmative action program is designed to ensure that employees from underrepresented groups are employed in about the same proportion as their representation within the community. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. An agreement to exchange goods or services for something of value, usually money A) Taxes. B) Contract. C) Civil Case. D) Trademark. Show Answer Correct Answer: B) Contract. 22. Every business has a responsibility to operate within the laws of the land A) Legal responsibility. B) Ethical responsibility. C) Responsibility towards the consumers. D) Discretionary responsibility. Show Answer Correct Answer: A) Legal responsibility. 23. What are the ethical implications of marketing practices? A) Marketing practices are always beneficial for consumers. B) There are no ethical concerns in advertising. C) Marketing has no impact on consumer behavior. D) Marketing practices can have significant ethical implications, including manipulation, exploitation, and privacy invasion. Show Answer Correct Answer: D) Marketing practices can have significant ethical implications, including manipulation, exploitation, and privacy invasion. 24. Which model suggests that society will benefit most when business is left alone to produce and market profitable products that society needs? A) Socioeconomic Model of Social Responsibility. B) Economic Model of Social Responsibility. C) Corporate Citizenship. D) Green Marketing. Show Answer Correct Answer: B) Economic Model of Social Responsibility. 25. They are financial institutions that assist in providing a savings and loan facility to the inhabitants of a community. A) Debit Unions. B) Service or Product Subsidization Model. C) Credit Unions. D) Joy in every task. Show Answer Correct Answer: C) Credit Unions. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books