This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 15 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. All unethical business practices are covered by the law. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 2. Bribery is ..... A) Selling something expensive. B) Giving an item of value to influence the action of another. C) Buying something illegal. D) Giving presents to your employees and shareholders. Show Answer Correct Answer: B) Giving an item of value to influence the action of another. 3. What is a key social responsibility of a business towards its workers and employees? A) Avoiding unfair trade practices. B) Paying taxes regularly and honestly. C) Providing fair wages and salaries. D) Maximizing shareholder wealth. Show Answer Correct Answer: C) Providing fair wages and salaries. 4. Which of the following companies does not fulfill its social responsibility towards its stakeholders? A) A company adopts at strict credit policy for its customers. B) A company does not distribute dividend to ordinary shareholders. C) A company charges a higher price than its competitors selling the same type of product. D) A company does not provide training and development opportunities for its employees. Show Answer Correct Answer: D) A company does not provide training and development opportunities for its employees. 5. How can businesses ensure ethical decision-making? A) By ignoring employee feedback. B) By avoiding transparency. C) By prioritizing profit over ethics. D) By implementing a code of ethics. Show Answer Correct Answer: D) By implementing a code of ethics. 6. ..... Ethics is the rules and principles decided by upper management. A) Societal. B) Managerial. C) Professional. D) Individual. Show Answer Correct Answer: B) Managerial. 7. Having high level of ..... means that the company has earned the trust of its stakeholders because it has been consistent in all of its actions, decisions, and character. A) HONEST. B) INTEGRITY. C) LOYALTY. D) RESPECT. Show Answer Correct Answer: B) INTEGRITY. 8. When using chopsticks in Japan to eat rice, where should you avoid placing your chopsticks? A) Right in front of you, parallel to the table's edge. B) In your hand to eat the rice. C) Sticking straight up in your bowl of rice. D) Resting on a chopstick holder. Show Answer Correct Answer: C) Sticking straight up in your bowl of rice. 9. According to the 2016 The Forum for Sustainable and Responsible Investing report, what is the value of SRI assets in the U.S.? A) Over $ 500 million. B) Over $ 8.72 trillion. C) Over $ 1 billion. D) Over $ 100 billion. Show Answer Correct Answer: B) Over $ 8.72 trillion. 10. Over the last five decades, corporate ethics has moved from the domain of human resource departments into the ..... A) Legal department. B) Finance and accounting department. C) Talent management portfolio. D) Organizational mainstream. Show Answer Correct Answer: D) Organizational mainstream. 11. What is collateral? A) Collateral is a type of insurance policy. B) Collateral is a form of interest rate. C) Collateral is a government grant for businesses. D) Collateral is an asset pledged by a borrower to secure a loan. Show Answer Correct Answer: D) Collateral is an asset pledged by a borrower to secure a loan. 12. You decide not to take a certain action because you know it's the wrong thing to do. You have made this decision based on your A) Peers. B) Ethics. C) Regulations. D) Laws. Show Answer Correct Answer: B) Ethics. 13. What are the potential consequences of ignoring stakeholder interests? A) Increased trust and loyalty from stakeholders. B) Decreased profitability for the business. C) Enhanced reputation and positive public perception. D) Improved employee satisfaction. Show Answer Correct Answer: B) Decreased profitability for the business. 14. ..... is a tool to assess whether the investment will be profitable in the long run. A) Capital budgeting analysis. B) Chief Financial Officer. C) Shareholders. D) Dividend policies. Show Answer Correct Answer: A) Capital budgeting analysis. 15. WHAT PRINCIPLE OF BUSINESS ETHICS ENSURES COMPANIES PROVIDE TRUTHFUL INFORMATION TO CUSTOMERS? A) Consumer protection. B) Honesty and transparency. C) Fair treatment of employees. D) Corporate governance. Show Answer Correct Answer: B) Honesty and transparency. 16. Why is Community Engagement crucial for businesses? A) Community engagement is crucial for businesses to build trust, loyalty, brand awareness, receive feedback, foster innovation, and create a positive reputation. B) Community engagement is unnecessary for businesses. C) Community engagement leads to negative feedback only. D) Community engagement does not impact brand awareness. Show Answer Correct Answer: A) Community engagement is crucial for businesses to build trust, loyalty, brand awareness, receive feedback, foster innovation, and create a positive reputation. 17. The role of the ..... is to determine the appropriate capital structure of the company. A) VP for Marketing. B) VP for Finance of the Financial Manager. C) VP for Production. D) VP for Administration. Show Answer Correct Answer: B) VP for Finance of the Financial Manager. 18. Which of the following is not the social responsibility of business towards investors? A) To ensure the proper utilisation of capital. B) To give appropriate salaries. C) To ensure proper dividend. D) To ensure safety of capital. Show Answer Correct Answer: B) To give appropriate salaries. 19. What is the definition of Ethics? A) Ethical norms that apply to all people across a broad spectrum of situation. B) A set of beliefs about right and wrong, good and bad. C) The application of right and wrong, good and bad, in a business setting. D) 1 and 3. Show Answer Correct Answer: B) A set of beliefs about right and wrong, good and bad. 20. According to ..... , ethics is the study of what is right or good in human conduct. A) Robert Solomon. B) Churchill. C) William Shaw. D) Mackenzie. Show Answer Correct Answer: D) Mackenzie. 21. Which of the following is INCORRECT when making an ethical decision? A) It is important to be confident in your choice. B) The choice should be made based on moral principles and values. C) Irrelevant and unimportant information should also be included when defining a problem. D) The process should be repeated if it is not the best decision. Show Answer Correct Answer: C) Irrelevant and unimportant information should also be included when defining a problem. 22. Investors are more likely to support companies with strong ethical standards. A) CONSUMER TRUST. B) INVESTOR CONFIDENCE. C) EMPLOYEE MORALE. D) PHILANTHROPY. Show Answer Correct Answer: B) INVESTOR CONFIDENCE. 23. What is the main purpose of business ethics? A) To ensure that businesses make as much profit as possible. B) To provide a framework for businesses to follow that ensures fairness, honesty, and respect for individuals. C) To regulate the internal operations of a business. D) To govern international trade agreements. Show Answer Correct Answer: B) To provide a framework for businesses to follow that ensures fairness, honesty, and respect for individuals. 24. How do business ethics relate to social responsibilities of firms? A) Business ethics focus solely on maximizing profits. B) Social responsibilities are only about environmental issues. C) Business ethics guide firms in fulfilling their social responsibilities by promoting fair and responsible practices. D) Business ethics are unrelated to a firm's financial performance. Show Answer Correct Answer: C) Business ethics guide firms in fulfilling their social responsibilities by promoting fair and responsible practices. 25. Social Responsibilities is A) Same as Legal responsibility. B) Broader than legal responsibility. C) Narrower than legal responsibility. D) None of these. E) None. Show Answer Correct Answer: B) Broader than legal responsibility. ← 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