This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a true statement about business ethics and the law: A) The two are not the same thing, but they do overlap. B) Everything that is illegal is also unethical. C) Everything that is unethical is also illegal. D) The two have nothing to do with each other. Show Answer Correct Answer: A) The two are not the same thing, but they do overlap. 2. Which of the following can explain the need for pollution control? A) Cost Savings. B) Reduced risk of liability. C) Reduction of health hazards. D) All of these. E) None. Show Answer Correct Answer: C) Reduction of health hazards. 3. Which of the following sentences correctly uses the term 'business ethics'? A) Business ethics is a set of guidelines that help companies make profits at any cost. B) Business ethics involves making decisions that are morally right and beneficial to society. C) Business ethics is only concerned with the legal aspects of business operations. D) Business ethics is irrelevant in today's competitive market. Show Answer Correct Answer: B) Business ethics involves making decisions that are morally right and beneficial to society. 4. What are the arguments for social responsibility A) Long-term interest of the firm. B) Development of social standard for business. C) Improve public image. D) Development of business education. Show Answer Correct Answer: A) Long-term interest of the firm. 5. Business people have the skills to solve: A) All social Problems. B) Some Social problems. C) No any Social problem. D) All economic problems. Show Answer Correct Answer: B) Some Social problems. 6. Business Ethics A) The application of moral standards to business situations. B) The study of financial markets and investments. C) The process of maximizing profits at any cost. D) The analysis of consumer behavior in marketing. Show Answer Correct Answer: A) The application of moral standards to business situations. 7. Values in business are important because they: A) Are outdated traditions. B) Help achieve unethical objectives. C) Provide a framework for consistent decision-making. D) Replace company policies. Show Answer Correct Answer: C) Provide a framework for consistent decision-making. 8. What is the primary goal of Fairtrade according to the image? A) To increase profits for large corporations. B) To improve living standards and invest in communities. C) To focus solely on environmental protection. D) To reduce the cost of goods for consumers. Show Answer Correct Answer: B) To improve living standards and invest in communities. 9. What is a code of ethics? A) A set of informal guidelines. B) A formal, published collection of values and rules that reflect the firm's philosophy and goals. C) A list of company products. D) A government regulation. Show Answer Correct Answer: B) A formal, published collection of values and rules that reflect the firm's philosophy and goals. 10. Which is not a characteristic of corporate social responsibility? A) Product safety. B) Environmental policies. C) Consumer rights. D) Price-fixing. Show Answer Correct Answer: A) Product safety. 11. Which of the following statements is true about Ethics? A) It is the study of the wants and needs in business. B) It is the study of what is right and wrong in human behavior and conduct in business. C) It is the study of the relationship between people in a business. D) None of the above. Show Answer Correct Answer: B) It is the study of what is right and wrong in human behavior and conduct in business. 12. All definitions of Corporate Social Responsibility recognize that A) Companies have responsibility for their impact on society and environment. B) The natural environment should be the main focus of CSR activities. C) Business ethics is a complex issue. D) Companies must pay equal attention to business ethics and sustainability. Show Answer Correct Answer: A) Companies have responsibility for their impact on society and environment. 13. What is the simplest form of business organization? A) Sole proprietorship. B) Partnership. C) Corporation. D) None of the above. Show Answer Correct Answer: A) Sole proprietorship. 14. If a manager believes their job is to generate profits and is willing to do everything legally required, but no more, what social responsibility stance is being taken? A) Proactive. B) Accommodative. C) Obstructionist. D) Defensive. Show Answer Correct Answer: D) Defensive. 15. The term 'ethics' in business ethics originates from a Greek word. What does this Greek word signify? A) 'Economia', meaning efficient resource management. B) 'Ethos', meaning character, norms, ideals, or morals. C) 'Logos', meaning logical reasoning and argumentation. D) 'Praxis', meaning practical action or doing. Show Answer Correct Answer: B) 'Ethos', meaning character, norms, ideals, or morals. 16. The history of business ethics begin in ..... A) 1960's. B) 1970's. C) 1980's. D) 1990's. Show Answer Correct Answer: B) 1970's. 17. The ..... model holds that the only social responsibility that businesses have is to maximize profit. A) Economic. B) Stakeholder. C) Shareholder. D) Accounting. E) Fiscal. Show Answer Correct Answer: C) Shareholder. 18. A business that focuses on making money is mainly concerned with what type of social responsibility? A) Economic. B) Philanthropic. C) Legal. D) Ethical. Show Answer Correct Answer: A) Economic. 19. In order to be considered an ethical business, businesses should not engage in planned obsolescence. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. One of the objectives of the Sarbanes-Oxley Act was to: A) Increase the compliance burden for small companies. B) Improve the quality and transparency of financial reporting. C) Increase the cost of compliance with federal regulations. D) Force foreign companies to delist from U.S. capital market exchanges. Show Answer Correct Answer: B) Improve the quality and transparency of financial reporting. 21. Danone were guilty of the misleading marketing of which product by saying it had "special bacterial ingredients" ? A) Brown bread. B) Fizzy drink. C) Activia Yogurt. D) Tomato Ketchup. Show Answer Correct Answer: C) Activia Yogurt. 22. An individual or a group trying to persuade someone in Parliament to support a particular policy or campaign is called ..... A) Lobbying. B) Persuading. C) Corridoring. D) Parliamenting. Show Answer Correct Answer: A) Lobbying. 23. Which of the following is an example of a business's ethical obligation to its stakeholders: A) Sharing trade secrets within its industry. B) Doubling investors' money within two years. C) Providing safe working environments for employees. D) Allowing the competition to succeed. Show Answer Correct Answer: C) Providing safe working environments for employees. 24. Which the following brings is changes the physical, chemical and biological charactertics of air, land, and water. A) Ethics. B) Pollution. C) Global warming. D) Social skill. Show Answer Correct Answer: B) Pollution. 25. Environmental protection can be best done by the efforts of A) Government. B) Business people. C) Scientists. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 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 10Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books