This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 22 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. To ensure fair and regular return on investment, is related to which group: A) Customer. B) Employees. C) Community. D) Shareholders. Show Answer Correct Answer: D) Shareholders. 2. How many alternative solutions should be listed when making an ethical decision? A) Two. B) Three. C) Four. D) Five. Show Answer Correct Answer: B) Three. 3. A company that behaves unethically might face which of the following consequences: A) Potential jail time. B) Decreased internal problems. C) Positive public image. D) Decreased competition. Show Answer Correct Answer: A) Potential jail time. 4. Which of the following is capable of doing maximum good to society? A) Business success. B) Law & Regulations. C) Ethics. D) Professional management. E) None. Show Answer Correct Answer: C) Ethics. 5. Which of the following is an objective of employee ethics training? A) Develop customer awareness about ethics. B) Push personal viewpoints throughout the entire organization. C) Teach employees a practical model of ethical decision making. D) Decrease credibility with employees. Show Answer Correct Answer: C) Teach employees a practical model of ethical decision making. 6. Business ethics are the ethical principles used in making good business decisions. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 7. There are ..... rules associated with the 3 C's of business ethics. A) 9. B) 8. C) 6. D) 7. Show Answer Correct Answer: B) 8. 8. Which is NOT a good question to consider if you are deciding if something is ethical or unethical? A) Are there any potential legal restrictions or violations?. B) Does your company have a code of ethics or policy against it?. C) Would the activity be accepted by your coworkers?. D) Will it make the company more profitable?. Show Answer Correct Answer: D) Will it make the company more profitable?. 9. Which of the following is an environmental sustainability issue? A) Fair wages. B) Air and water pollution. C) Gender equity. D) Leadership training. Show Answer Correct Answer: B) Air and water pollution. 10. In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 11. What is Ethics to do with A) The wider community. B) Business. C) Right or wrong. D) None of these. Show Answer Correct Answer: C) Right or wrong. 12. A set of moral principles by which people conduct themselves in the workplace A) Ethics. B) Humanities. C) Rules. D) None of the above. Show Answer Correct Answer: A) Ethics. 13. What does 'conflict of interest' mean in a business setting? A) A situation where personal interests clash with professional duties. B) A disagreement between two companies. C) A competition between two products. D) A negotiation between two parties. Show Answer Correct Answer: A) A situation where personal interests clash with professional duties. 14. The process of making illegally-gained money appear legal A) Money laundering. B) Embezzlemene. C) Bribery. D) Corruption. Show Answer Correct Answer: A) Money laundering. 15. To which of the following situations does the Family and Medical Leave Act NOT apply? A) Birth and care of a newborn child. B) Unable to work because of a serious medical condition. C) Care for an immediate family member with a serious medical condition. D) Unable to work because of family vacation. Show Answer Correct Answer: D) Unable to work because of family vacation. 16. In the United States, all bribes are unethical. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. The primary stakeholders are: A) Customers. B) Suppliers. C) Shareholders. D) Creditors. Show Answer Correct Answer: C) Shareholders. 18. What does 'Choice' mean in the context of business ethics? A) The act of selecting or making a decision when faced with two or more possibilities. B) A mandatory rule that must be followed in all situations. C) A financial transaction between two companies. D) A legal contract binding two parties. Show Answer Correct Answer: A) The act of selecting or making a decision when faced with two or more possibilities. 19. Ethical guidelines are best practices to follow in the workplace. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. It is where business minded people aim to invest in companies that do things in positive and responsible ways. It is how people look into social good and financial gain. A) Ethical Banking. B) Social Responsible Investing. C) Impact Investing. D) MIcrofinance. Show Answer Correct Answer: B) Social Responsible Investing. 21. Symbol which identifies a particular source of goods or services from others A) Patent Infringement. B) Trademark. C) Non Disclosure Agreement. D) Laws. Show Answer Correct Answer: B) Trademark. 22. What are some ways to ensure Consumer Protection in the marketplace? A) Ignoring consumer complaints. B) Implementing consumer protection laws, establishing regulatory bodies, promoting transparency, providing avenues for complaints and redressal, educating consumers. C) Reducing transparency in business practices. D) Limiting access to information. Show Answer Correct Answer: B) Implementing consumer protection laws, establishing regulatory bodies, promoting transparency, providing avenues for complaints and redressal, educating consumers. 23. The following things influence a person's value: A) Beliefs, experiences, and environment. B) Favorite color and food. C) Height and shoe size. D) Birth month and zodiac sign. Show Answer Correct Answer: A) Beliefs, experiences, and environment. 24. Stealing money placed in one's trust or under one's control A) Money laundering. B) Tax evasion. C) Bribery. D) Embezzlement. Show Answer Correct Answer: D) Embezzlement. 25. The main function of a code of ethics is to ..... A) Encourage managers and employees to make unsupervised decisions. B) Guide managers and employees in making sound decisions and choices every day. C) Liberate chief executive officers from any constraints placed by boards of directors. D) Decrease the independence of boards of directors and increases the power of investors. Show Answer Correct Answer: B) Guide managers and employees in making sound decisions and choices every day. ← 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