This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 24 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the term for individuals or groups to whom a business has a responsibility? A) Shareholders. B) Stakeholders. C) Board members. D) Executives. Show Answer Correct Answer: B) Stakeholders. 2. The principles according to which we decide if something is right or wrong A) Honesty. B) Bribery. C) Coercion. D) Ethics. Show Answer Correct Answer: D) Ethics. 3. It defines justice as the ideal, morally correct state of things and persons. A) Ethical theory. B) Justice Theory. C) Right theory. D) Philosophical theory. Show Answer Correct Answer: B) Justice Theory. 4. A principle of social enterprise whereby investors expect a return only not a profit from their investment. A) Returning Profit. B) Return of Investment. C) Donation. D) No Dividend For Investors. Show Answer Correct Answer: D) No Dividend For Investors. 5. They go beyond their self-interest and focus on opportunities to help followers grow and develop. A) Incorporator. B) Member. C) Proprietor. D) Partner. Show Answer Correct Answer: B) Member. 6. The Business firm which fulfills all its social obligations get benefitted in the long run, this is related to which feature of case for Social Responsibility? A) Self Interest. B) Moral Justification. C) Social Power. D) Avoidance of government interference. E) None. Show Answer Correct Answer: A) Self Interest. 7. To encourage more ethical decision making in an organization, its managers should . A) Carefully select and hire new employees. B) Establish a specific code of ethics. C) Create an ethical climate. D) Train employees in how to make ethical decisions. E) Do all of these. Show Answer Correct Answer: E) Do all of these. 8. It is a form of business which is owned by one person A) Partnership. B) Sole Proprietorship. C) Corporation. D) Cooperative. Show Answer Correct Answer: B) Sole Proprietorship. 9. Activities that individuals, groups, & organizations undertake to protect their rights as consumers. A) Ethical Issue. B) Plagiarism. C) Consumerism. D) Whistleblowing. Show Answer Correct Answer: C) Consumerism. 10. A(n) ..... is a written test that estimates employee honesty by directly asking job applicants what they think or feel about theft or about punishment of unethical behaviors. A) Situational-based integrity test. B) Personality-based integrity test. C) Behavioral integrity test. D) Framed integrity test. E) Overt integrity test. Show Answer Correct Answer: E) Overt integrity test. 11. ..... refers to the duty of a business to contribute to the well-being of a community A) Conservation. B) Social Responsibility. C) Business Ethics. D) Worker Protection. Show Answer Correct Answer: B) Social Responsibility. 12. Though we, Filipinos, belong to different religious groups, we all have God(Supreme being) in our center. A) Pakikisama. B) God Fearing. C) Loving and caring. D) Family oriented. Show Answer Correct Answer: B) God Fearing. 13. Which of the following is NOT a key principle of stakeholder theory? A) Accountability. B) Transparency. C) Profitability. D) Fairness. Show Answer Correct Answer: C) Profitability. 14. How can a company demonstrate its commitment to ethical sourcing? A) By choosing suppliers that use child labor. B) By selecting suppliers that follow fair labor practices. C) By ignoring the environmental impact of their supply chain. D) By focusing solely on cost reduction. Show Answer Correct Answer: B) By selecting suppliers that follow fair labor practices. 15. This model connects customers to markets where they can sell their products. A) Market Linkage Model. B) Community Development Finance Institutions. C) Organizational Support Model. D) Market Intermediary Model. Show Answer Correct Answer: A) Market Linkage Model. 16. What is one advantage of Fairtrade? A) It reduces the company's profits. B) It improves the company's reputation as ethical. C) It increases the cost of products for all customers. D) It limits the choice of suppliers available. Show Answer Correct Answer: B) It improves the company's reputation as ethical. 17. What is a crucial step a business enterprise should take to contribute to environmental protection? A) Prioritize cost-cutting over environmental safety measures. B) Ensure top management's commitment to environmental protection is shared throughout the enterprise. C) Use outdated technology for waste disposal to save money. D) Engage in deforestation for expansion without reforestation efforts. Show Answer Correct Answer: B) Ensure top management's commitment to environmental protection is shared throughout the enterprise. 18. When looking at universal ethical standards, an ethical standard would be? A) Plagiarism. B) Lying. C) Honesty. D) Cheating. Show Answer Correct Answer: C) Honesty. 19. An example of a trade secret would be: A) A public blog post. B) Company's social media page. C) A proprietary software algorithm. D) Customer reviews. Show Answer Correct Answer: C) A proprietary software algorithm. 20. The transferable skills needed by an individual to make them 'employable A) Employability skills. B) Soft skills. C) Communication skills. D) None of the above. Show Answer Correct Answer: A) Employability skills. 21. Refers to some problem-solving techniques designed to help the practitioner when confronted with dilemmas. A) Business. B) Business ethics. C) Businesswoman. D) Business Math. Show Answer Correct Answer: B) Business ethics. 22. What occurs when business people take advantage of a situation for their own personal interest rather than the employer's interest? A) Consumerism. B) Conflict of Interest. C) Social Responsibility. D) Green Marketing. Show Answer Correct Answer: B) Conflict of Interest. 23. What is the primary focus of corporate governance? A) Reducing operational costs. B) Maximizing shareholder value. C) Ensuring ethical management practices. D) Increasing market competition. Show Answer Correct Answer: C) Ensuring ethical management practices. 24. Personal ethics are shaped by: A) Only genetic factors. B) Social environment and upbringing. C) Career choices only. D) Economic status only. Show Answer Correct Answer: B) Social environment and upbringing. 25. A business goes bankrupt because its president steals a large amount of money from investors. What is the reason this unethical behavior occurred? A) The action is committed by unethical employees. B) The action is acceptable in a foreign culture. C) The action benefits the company. D) The action is not illegal. Show Answer Correct Answer: A) The action is committed by unethical employees. ← 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