This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 25 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It is an awareness of the effect that banking practices have on society and the environment A) Financial Advice. B) Environmental Consciousness. C) Ethical Banking. D) Banking Principles. Show Answer Correct Answer: C) Ethical Banking. 2. Which fashion retailer was discovered to be paying their workers far below the national minimum wage in their Leicester factories in 2019/2020? A) Marks & Spencer. B) Apple. C) Burberry. D) Boohoo. Show Answer Correct Answer: D) Boohoo. 3. Which of the following is NOT a reason for participating in unethical business practices? A) Low morale or lack of care for the company. B) Desire to succeed or advance in career. C) Extreme pressure to meet deadlines. D) Adequate training, background or explanation of company policy. Show Answer Correct Answer: A) Low morale or lack of care for the company. 4. Ethical leadership in sustainability includes: A) Ignoring environmental regulations. B) Prioritizing short-term profits. C) Making decisions that consider long-term societal impact. D) Avoiding transparency in business dealings. Show Answer Correct Answer: C) Making decisions that consider long-term societal impact. 5. A disadvantage of a corporation A) Double taxation. B) Access to capital markets. C) Easy transfer of ownership. D) Limited liability. Show Answer Correct Answer: A) Double taxation. 6. Top-level officers, such as the CEO's and other higher level managers, must sincerely follow the ethical code of conduct.what it is called? A) Top management commitment. B) Publication of a code:. C) Measurement of results. D) Involvement of employees at all levels. Show Answer Correct Answer: A) Top management commitment. 7. For a toy company, which of the following is not regarded as an example of fulfilling its social responsibility? A) Using recycled materials to produce toys. B) Donating toys to orphanages. C) Offering 20% discount to customers during Christmas. D) Improving the working environment of its employees. Show Answer Correct Answer: C) Offering 20% discount to customers during Christmas. 8. What is the term for the ethical theory that emphasizes duties and rules? A) Consequentialism. B) Deontology. C) Relativism. D) Virtue Ethics. Show Answer Correct Answer: B) Deontology. 9. Which of the following requires funds from external sources? A) Financial markets. B) Financial institutions. C) Private placement. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Dishonest, illegal, or immoral behavior, especially from someone with power A) Corruption. B) Interests. C) Scandals. D) Bankrupt. Show Answer Correct Answer: A) Corruption. 11. The principle of diminishing interest will help you build financial achievements. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. Codes of conduct and codes of ethics A) Are Formal Statements That Describe What An Organization Expects Of Its Employees. B) Become Necessary Only After A Company Has Been In Legal Trouble. C) Are Designed For Top Executives And Managers, Not Regular Employees. D) Rarely Become An Effective Component Of The Ethics And Compliance Program. Show Answer Correct Answer: A) Are Formal Statements That Describe What An Organization Expects Of Its Employees. 13. When is it acceptable to copy lines of text from a website without giving the author permission? A) It is not permissible to plagiarize text at any time. B) For educational or business purposes. C) When making Facebook posts. D) When creating a new website that needs content. Show Answer Correct Answer: A) It is not permissible to plagiarize text at any time. 14. The Utilitarian theory emphasizes: A) Following strict duties regardless of outcomes. B) Personal benefit. C) The greatest good for the greatest number. D) Religious conformity. Show Answer Correct Answer: C) The greatest good for the greatest number. 15. Yanmei, an employee at a news agency, learns that the reason her colleague was asked not to pursue a news story further was because the editor of the newspaper was bribed by the concerned party to suppress the matter. Yanmei reveals this information to the chief editor and her colleagues and also reports it to the media. In this scenario, Yanmei is a ..... A) Social auditor. B) Corporate philanthropist. C) Grandstander. D) Whistle-blower. Show Answer Correct Answer: D) Whistle-blower. 16. Unethical business practices often result in A) Decreased customer retention and increased financial risk. B) Increased customer retention and decreased financial risk. C) Decreased internal problems and increased financial risk. D) Increased customer retention and decreased internal problems. Show Answer Correct Answer: A) Decreased customer retention and increased financial risk. 17. The new CEO of a clothing company created a(n) ..... for all employees to follow in their business and professional lives. It read, "Of the things we think, say, and do:(1) Is it the truth? (2) Is it fair to all concerned? (3) Will it build goodwill and better friendships? (4) Will it be beneficial to all concerned?" A) Code of ethics. B) Mission statement of principle. C) Statement of utilitarianism. D) New vision. Show Answer Correct Answer: A) Code of ethics. 18. What is an effective way for a business to promote ethical behavior among its employees? A) Implementing strict penalties for ethical breaches. B) Offering bonuses for the highest sales figures. C) Encouraging competition between employees. D) Reducing transparency in decision-making. Show Answer Correct Answer: A) Implementing strict penalties for ethical breaches. 19. How can a company promote business ethics among its employees? A) By offering bonuses for ethical behavior. B) By providing ethics training and establishing a code of conduct. C) By hiring only employees with a background in ethics. D) By reducing the number of ethical guidelines. Show Answer Correct Answer: B) By providing ethics training and establishing a code of conduct. 20. What is the primary purpose of a code of ethics in a company? A) To define the company's financial goals. B) To provide employees with expectations regarding their responsibilities and behavior. C) To outline the company's annual budget. D) To serve as a legal document in court proceedings. Show Answer Correct Answer: B) To provide employees with expectations regarding their responsibilities and behavior. 21. Which of the following is NOT a component of the triple bottom line? A) Profits. B) Planet. C) Productivity. D) People. Show Answer Correct Answer: C) Productivity. 22. Identify the sentence that best demonstrates the concept of 'social responsibility'. A) The company increased its profits by cutting employee benefits. B) The corporation donated a portion of its profits to local charities. C) The business focused solely on maximizing shareholder value. D) The firm ignored environmental regulations to reduce costs. Show Answer Correct Answer: B) The corporation donated a portion of its profits to local charities. 23. In this model, a social enterprise sells products and services and the revenue generated is used to fund an organization which runs the program that the social enterprise supports. A) Organization Supporting Model. B) Low-Income Client Model. C) Market Intermediary Model. D) Organizational Support Model. Show Answer Correct Answer: D) Organizational Support Model. 24. The quality of being honest and strong about what you believe to be right A) Code. B) Atmosphere. C) Integrity. D) Corporate. Show Answer Correct Answer: C) Integrity. 25. All but one person has been served their food at a business meal, what should the people that have received their food do? A) Start eating, but take very little bites. B) Start eating. C) Wait to eat until everyone has been served their food. D) Ask the waiter how long the wait will be. Show Answer Correct Answer: C) Wait to eat until everyone has been served their food. ← 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