This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The concern of businesses for the welfare of society as a whole; consists of obligations beyond those required by law or contracts. A) Corporate social responsibility (CSR). B) Code of ethics. C) All the above. D) None of the above. Show Answer Correct Answer: A) Corporate social responsibility (CSR). 2. It is a group of people who work together to achieve common goal. A) Business. B) Organization. C) All the above. D) None of the above. Show Answer Correct Answer: B) Organization. 3. What is corporate social responsibility? A) A way for entrepreneurs to make more profits. B) A model of resource conservation. C) A legal obligation to provide a safe workplace. D) A responsibility to be honest and transparent with customers. Show Answer Correct Answer: B) A model of resource conservation. 4. Lawrence Kohlberg's model is associated with: A) Economic development. B) Stages of moral development. C) Legal compliance. D) Business expansion. Show Answer Correct Answer: B) Stages of moral development. 5. People who are part owners of a company are known as ..... A) Stakeholders. B) Shareholders. C) Customers. D) People. Show Answer Correct Answer: B) Shareholders. 6. Dumping toxic wastes on land, which in turn damages A) Noise pollution. B) Air pollution. C) Land pollution. D) Water pollution. Show Answer Correct Answer: C) Land pollution. 7. Impact of good business ethics is ..... A) High turnover rate. B) Good word of mouth from customers. C) Increase in stock. D) Logistics run smoothly. Show Answer Correct Answer: B) Good word of mouth from customers. 8. According to the invisible hand theory, what is the role of competition in the market? A) To encourage innovation and efficiency. B) To create monopolies. C) To eliminate competition. D) To regulate prices. Show Answer Correct Answer: A) To encourage innovation and efficiency. 9. Affirmative action plans encompass all areas of human resources management, including recruiting, hiring, training, promotion, and pay. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Social Responsibility applies in business as a company's corporate social. A) True. B) False. C) Maybe. D) All of the above. Show Answer Correct Answer: A) True. 11. Someone who has invested money into something, or who has some important connection with it, and therefore is affected by its success or failure A) Stakeholder. B) Shareholder. C) Stockholder. D) Parties. Show Answer Correct Answer: A) Stakeholder. 12. Personal ethics are best described as: A) Values and principles guiding an individual's behavior. B) Laws and regulations imposed by society. C) Business strategies for success. D) Company policies and procedures. Show Answer Correct Answer: A) Values and principles guiding an individual's behavior. 13. Which action is a specific step business enterprises can take for environmental protection? A) Focusing solely on maximizing shareholder profits. B) Developing clear-cut policies for purchasing good quality raw materials and treating waste. C) Ignoring government regulations to reduce operational costs. D) Outsourcing all environmental responsibilities to third-party agencies without oversight. Show Answer Correct Answer: B) Developing clear-cut policies for purchasing good quality raw materials and treating waste. 14. Every business has a responsibility to operate within the lows of the land A) Legal responsibility. B) Ethical responsibility. C) Responsibility towards the consumers. D) Discretionary responsibility. Show Answer Correct Answer: A) Legal responsibility. 15. What are some unethical marketing practices that harm consumers? A) Robust customer service. B) Honest advertising. C) False advertising, bait-and-switch tactics, deceptive pricing, hidden fees, aggressive telemarketing. D) Clear and transparent pricing. Show Answer Correct Answer: C) False advertising, bait-and-switch tactics, deceptive pricing, hidden fees, aggressive telemarketing. 16. It is defined as a framework that a social enterprise follows to fulfill its mission and maintain its financial stability. A) Entrepreneur Support Model. B) Social Business Model. C) Low-Income Client Model. D) Credit Unions. Show Answer Correct Answer: B) Social Business Model. 17. Individuals or groups to whom a business has a responsibility; include employees, customers, the general public, and investors. A) Stakeholders. B) Arbitrators. C) All the above. D) None of the above. Show Answer Correct Answer: A) Stakeholders. 18. Is being ethical important to you? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 19. Rank 7 Best Corporate Citizen A) Ecolab. B) Coca-Cola. C) Apple. D) Microsoft. Show Answer Correct Answer: A) Ecolab. 20. A set of moral standards for judging whether something is right or wrong. A) Ethics. B) Justice. C) All the above. D) None of the above. Show Answer Correct Answer: A) Ethics. 21. Who was the chairman of King committee A) Richard Greenburry. B) Mervyn E King. C) Hampel. D) J J Irani. Show Answer Correct Answer: B) Mervyn E King. 22. What is the study of right and wrong and the morality of choices individuals make? A) Business Ethics. B) Social Responsibility. C) Ethics. D) Consumerism. Show Answer Correct Answer: C) Ethics. 23. What does business ethics mean? A) Conducting business in an ethical manner. B) Maximizing profits at all costs. C) Ignoring stakeholder interests. D) Focusing solely on competition. Show Answer Correct Answer: A) Conducting business in an ethical manner. 24. The ..... determined that companies can be prosecuted and punished for the illegal or unethical actions of employees, even if management didn't know about the unethical behavior. A) U.S. Supreme Court. B) U.S. Department of Labor. C) U.S. Sentencing Commission Guidelines. D) U.S. Equal Employment Opportunity Commission. E) Federal Trade Commission. Show Answer Correct Answer: C) U.S. Sentencing Commission Guidelines. 25. A business with poor ethics causes internal problems for itself by A) Improving its public image. B) Increasing customer loyalty. C) Decreasing productivity. D) Decreasing financial risk. Show Answer Correct Answer: C) Decreasing productivity. ← 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