This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 21 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a common consequence of unethical business practices? A) Loss of customer trust. B) Higher employee morale. C) Increased market share. D) Enhanced brand reputation. Show Answer Correct Answer: A) Loss of customer trust. 2. Which of the following is not considered a stakeholder? A) Employees. B) Investors. C) Company. D) Customers. Show Answer Correct Answer: C) Company. 3. What does the term 'whistleblowing' refer to in a business context? A) Reporting unethical practices within an organization. B) Promoting a new product. C) Negotiating a business deal. D) Conducting a market analysis. Show Answer Correct Answer: A) Reporting unethical practices within an organization. 4. Which is not a form of business ownership? A) Sole proprietorship. B) Partnership. C) Corporation. D) Retail. Show Answer Correct Answer: D) Retail. 5. Which of the following is a characteristic of an ethical organization? A) Prioritizing profits over principles. B) Lack of transparency. C) Fair treatment of employees and stakeholders. D) Discrimination in hiring practices. Show Answer Correct Answer: C) Fair treatment of employees and stakeholders. 6. Kind of assets that is used to generate income by renting or leasing idle assets like offices or vehicles to other non-profit organizations. A) Investment. B) Loan. C) Leasing. D) Tangible Assets. Show Answer Correct Answer: D) Tangible Assets. 7. The belief that an activity is safe because it will never be found out is a common rationalization behind an employee's unethical conduct. To deter unethical behavior based on this rationalization, a manager should ..... A) Protect the identity of the personnel involved. B) Announce the misconduct publicly. C) Let go of first-time offenders. D) Reprimand such an employee in public. Show Answer Correct Answer: B) Announce the misconduct publicly. 8. Plagiarism is an ethical issues that is only found in schools and academic institutions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. An unethical business practice showing poor customer service like failure to replace a damaged product or serving a warranty A) ACCOUNTING MANIPULATIONS. B) MAKING FALSE CLAIMS. C) ACCOUNTING MANIPULATION. D) CUSTOMER SERVICE FAILURE. Show Answer Correct Answer: D) CUSTOMER SERVICE FAILURE. 10. Understanding business ethics can be difficult since A) There are no industry-specific ethical codes. B) It is a relatively new field of study. C) Many people aren't sure how to behave ethically. D) It involves a lot of technical terms. Show Answer Correct Answer: C) Many people aren't sure how to behave ethically. 11. Providing protection to the natural environment is a type of social responsibility of a business towards: A) Government and community. B) Employees. C) Owners. D) Consumers. Show Answer Correct Answer: A) Government and community. 12. This type of social enterprise is formed to assist the parent organization in social services. A) Financial and economic sustainability in the long term. B) Trading Arms of Charities. C) Social Business Model. D) Intangible Assets. Show Answer Correct Answer: B) Trading Arms of Charities. 13. If you work for an ethical, socially responsible company you will never be faced with an ethical issue or dilemma. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. This means to ensure the receipt of a favorable price based on a scope of work and adhering to a code of conduct to avoid violating public laws A) Corporate Social Responsibility. B) Legal Responsibility. C) Sound Business Practices. D) Discretionary responsibilities. Show Answer Correct Answer: A) Corporate Social Responsibility. 15. How do top managers BEST demonstrate a commitment to ethical business practices? A) By adopting and enforcing written codes of ethics. B) By decentralized decision-making practices. C) By cooperating with other companies. D) By monitoring employees' web searches. Show Answer Correct Answer: A) By adopting and enforcing written codes of ethics. 16. List and explain the main principles of business ethics. A) The main principles of business ethics are integrity, fairness, accountability, respect, and compliance. B) Aggressive competition. C) Profit maximization. D) Market dominance. Show Answer Correct Answer: A) The main principles of business ethics are integrity, fairness, accountability, respect, and compliance. 17. Which of the following is/are regarded as example(s) of a hotel fulfilling its social responsibilities?(1) allowing clerical staff to work from home when there are adverse weather conditions(2) paying the minimum wage to housekeepers(3) serving sharks fins if requested by customers A) Only. B) And (2) only. C) And (3) only. D) , (2) and (3). Show Answer Correct Answer: A) Only. 18. Ethics is the set of moral principles or values that defines right and wrong for a person or group. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. Rank 8 Best Corporate Citizen A) General Motors. B) Ford Motor Company. C) Tesla, Inc. D) Chrysler LLC. Show Answer Correct Answer: A) General Motors. 20. ..... are the expectations that a company will voluntarily serve a social role beyond its economic, legal, and ethical responsibilities. A) Economic responsibilities. B) Ethical responsibilities. C) Legal responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: D) Discretionary responsibilities. 21. The ethical norm of ..... addresses people's responsibilities to each other A) Rights. B) Caring. C) Utility. D) Justice. Show Answer Correct Answer: A) Rights. 22. What is the term for a company's commitment to ethical practices in its supply chain? A) Market Diversification. B) Supply Chain Management. C) Ethical Sourcing. D) Cost Optimization. Show Answer Correct Answer: C) Ethical Sourcing. 23. What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment? A) Social responsibility. B) Business ethics. C) Socialization. D) Corporatization. Show Answer Correct Answer: A) Social responsibility. 24. The government agency that is responsible for enforcing safety regulations in the workplace is A) CDC. B) OSHA. C) DOT. D) FAA. Show Answer Correct Answer: B) OSHA. 25. Why is business ethics important for organizations? A) Business ethics is only relevant for large corporations. B) Business ethics is important for organizations because it builds trust, enhances reputation, ensures legal compliance, and promotes a positive work environment. C) Business ethics can be ignored if profits are high. D) Business ethics is primarily about maximizing shareholder value. Show Answer Correct Answer: B) Business ethics is important for organizations because it builds trust, enhances reputation, ensures legal compliance, and promotes a positive work environment. ← 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