This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 19 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following are benefits of being a socially responsible business?(1) lower production costs(2) better business reputation(3) attraction of customers who are also concerned about social responsibility A) And (2) only. B) And (3) only. C) And (3) only. D) , (2) and (3). Show Answer Correct Answer: B) And (3) only. 2. Ryan is continually late, what does this suggest to the people who he is meeting with? A) Traffic was congested today for Ryan. B) Ryan does not know how to tell time. C) Ryan does not respect other people's time. D) Ryan is a busy person. Show Answer Correct Answer: C) Ryan does not respect other people's time. 3. What is the primary focus of business ethics? A) Increasing shareholder value. B) Ensuring ethical conduct in business operations. C) Expanding market share. D) Reducing operational costs. Show Answer Correct Answer: B) Ensuring ethical conduct in business operations. 4. Zeon Chemicals is a international manufacturers of rubber chemicals. They have been indicted as participants in a price-fixing scheme that drove up the costs of rubber chemicals used to make shoes and tires. This company ignored their ..... responsibility to society. A) Economic. B) Ethical. C) Legal. D) Discretionary. Show Answer Correct Answer: C) Legal. 5. According to stockholder theory, the primary goal of a corporation is to: A) Maximize customer loyalty. B) Maximize social welfare. C) Maximize employee satisfaction. D) Maximize shareholder wealth. Show Answer Correct Answer: D) Maximize shareholder wealth. 6. Professional ethics are essential for: A) Maximizing profits. B) Ensuring ethical decision-making within a specific field. C) Avoiding legal consequences. D) Advancing personal interests. Show Answer Correct Answer: B) Ensuring ethical decision-making within a specific field. 7. RESPECT is a pillar of character. Which of the following best defines respect and provides an example? A) Treating others with consideration and listening to their opinions, such as allowing a classmate to speak without interrupting. B) Ignoring others' feelings and only focusing on your own needs. C) Taking credit for someone else's work and not acknowledging their effort. D) Making fun of someone for their beliefs or background. Show Answer Correct Answer: A) Treating others with consideration and listening to their opinions, such as allowing a classmate to speak without interrupting. 8. ..... is the oldest source of ethical inspiration. A) Culture. B) Religion. C) Philosophy. D) Legal system. Show Answer Correct Answer: B) Religion. 9. Who out of these is not a famous whistleblower? A) Edward Snowden. B) M.S.Dhoni. C) V.P.SIngh. D) Manjunath. Show Answer Correct Answer: B) M.S.Dhoni. 10. Which of the following is a trend in corporate philanthropy? A) Random giving. B) Strategic giving. C) Giving only to the largest charities. D) Avoiding any form of giving. Show Answer Correct Answer: B) Strategic giving. 11. A business donated equipment to a homeless shelter what would that be called? A) Ethical Dilemma. B) Corporate Philanthropy. C) Sarbanes-Oxley Act. D) Social Responsibility. Show Answer Correct Answer: D) Social Responsibility. 12. Which of the following steps in the ethical decison-making process involves devising an accurate problem definition? A) Selecting the best choice. B) Listing all alternatives and consequences. C) Defining the problem. D) Evaluating your decision. Show Answer Correct Answer: C) Defining the problem. 13. How does corporate social responsibility (CSR) impact a company's reputation? A) Positively, by demonstrating commitment to ethical practices. B) Negatively, by increasing operational costs. C) It has no impact on a company's reputation. D) Positively, by reducing the need for customer service. Show Answer Correct Answer: A) Positively, by demonstrating commitment to ethical practices. 14. Which of the following is a potential consequence of poor business ethics: A) Decreased internal problems. B) Negative public image. C) Increased customer loyalty. D) Reduced risk of lawsuits. Show Answer Correct Answer: B) Negative public image. 15. The obligation of a business to contribute to society is referred to as ..... A) Planned obsolescence. B) Growthism. C) Societal consumerism. D) Social responsibility. Show Answer Correct Answer: D) Social responsibility. 16. Which of the following is a benefit of adhering to business ethics? A) Higher chances of legal issues. B) Lower customer satisfaction. C) Improved public image. D) Increased employee turnover. Show Answer Correct Answer: C) Improved public image. 17. Which area of the world accounts for approximately 84% of the world's palm oil? A) USA. B) France. C) China. D) Indonesia. Show Answer Correct Answer: D) Indonesia. 18. What does CSR stand for in the context of business ethics? A) Corporate Social Responsibility. B) Corporate Sales Revenue. C) Customer Service Relations. D) Corporate Strategy Review. Show Answer Correct Answer: A) Corporate Social Responsibility. 19. The famous Smartphone "patent war" was between which two companies? A) Apple and Samsung. B) Vodafone and O2. C) Microsoft and Tesco Mobile. D) McDonalds and KFC. Show Answer Correct Answer: A) Apple and Samsung. 20. The people or groups who are involved in a legal argument or agreement A) Atmosphere. B) Interests. C) Stakeholder. D) Parties. Show Answer Correct Answer: D) Parties. 21. ..... is the application of standards of moral behavior to business situations. A) Business structuralism. B) Business contingence. C) Business ethics. D) Business sourcing. Show Answer Correct Answer: C) Business ethics. 22. CCC- "knowledge hub" for corporate citizenship A) Center for Corporate Citizenship. B) Corporate Citizenship Center. C) Cash Conversion Cycle. D) None of the above. Show Answer Correct Answer: A) Center for Corporate Citizenship. 23. What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do? A) Prevent insider trading. B) Guarantee the accuracy of financial reporting. C) Engage in strategic management. D) Oversee the implementation of ethical standards. Show Answer Correct Answer: B) Guarantee the accuracy of financial reporting. 24. Identify the Ethical Issue A) Examine how co-workers and consumers are affected. Understand the viewpoints of those involved in the decision. B) Focus solely on the financial implications of the decision. C) Consider only the legal aspects of the situation. D) Ignore the opinions of those affected by the decision. Show Answer Correct Answer: A) Examine how co-workers and consumers are affected. Understand the viewpoints of those involved in the decision. 25. Jennifer knows her parents won't let her go to "the big party" if they find out the host's parents are out of town. Should she lie about it? A) No, that would be ethically wrong and unfair to her parents. B) No, that would be ethically wrong to her friends. C) Yes, then she would go and have fun with her friends. D) Yes, it would be ethically correct to lie and go to the party. Show Answer Correct Answer: A) No, that would be ethically wrong and unfair to her parents. ← 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