This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 26 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 26 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. According to Stakeholder Theory, a business should: A) Focus only on shareholders. B) Serve the interests of all parties affected by business activities. C) Maximize profit at all costs. D) Limit its social responsibilities. Show Answer Correct Answer: B) Serve the interests of all parties affected by business activities. 2. The practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. A) Corporate philanthropy. B) Code of ethics. C) All the above. D) None of the above. Show Answer Correct Answer: A) Corporate philanthropy. 3. Standards that help to shape behaviors towards employees, the organization, and other economic agents are A) Social responsibilities. B) Values. C) Managerial ethics. D) Morals. Show Answer Correct Answer: C) Managerial ethics. 4. Which of the following does the term Corporate Social Responsibility relate to? A) Ethical conduct. B) Environmental practice. C) Community investment. D) All of the above. Show Answer Correct Answer: A) Ethical conduct. 5. What is the term for a company's efforts to improve society in some way? A) Profit Maximization. B) Cost Reduction. C) Corporate Social Responsibility. D) Market Expansion. Show Answer Correct Answer: C) Corporate Social Responsibility. 6. A (n) ..... is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. A) Crisis. B) Ethical Issue. C) Indictment. D) Fraud. Show Answer Correct Answer: B) Ethical Issue. 7. It is the responsibility of the corporation or business to think beyond profit for the reason that it helps the community where the business is located to generate jobs for the people A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. To ensure fair & regular return on investment, is related to which group? A) Customer. B) Employees. C) Community. D) Shareholders. E) None. Show Answer Correct Answer: D) Shareholders. 9. A conflict between self-interest and a professional obligation. A) Obligation. B) Conflict of Interest. C) Problem Solving. D) Rule Enforcement. Show Answer Correct Answer: B) Conflict of Interest. 10. The social economy partnership philosophy emphasizes: A) Cooperation and assistance. B) Profit maximization. C) Competition. D) Restricting resources and support. Show Answer Correct Answer: A) Cooperation and assistance. 11. Which of the following should be considered when deciding whether or not to blow the whistle? A) Is the situation of sufficient moral importance to justify whistle-blowing?. B) Do you have all the facts and have you properly understood their significance?. C) Have all internal channels and steps short of whistle-blowing been exhausted?. D) All of these. Show Answer Correct Answer: D) All of these. 12. A share of ownership in a corporation is referred to as A) Dividend. B) Stock. C) Bond. D) Equity. Show Answer Correct Answer: B) Stock. 13. A component of the code of ethics wherein all legal requirements of the code should be met. Any licensing requirements, including but not limited to reporting of financial statements, should be done. A) COMPLIANCE. B) VALUES. C) MANAGEMENT SUPPORT. D) PRINCIPLES. Show Answer Correct Answer: A) COMPLIANCE. 14. Which is NOT a characteristic of an ethical organization? A) Transparency. B) Accountability. C) Discrimination. D) Respect for diversity. Show Answer Correct Answer: C) Discrimination. 15. The trading of a public company's stock or other securities like bonds or stock options by individual with possession of material, non-public information about the security is called- A) Insider trading. B) Online trading. C) Offline trading. D) Direct trading. Show Answer Correct Answer: A) Insider trading. 16. Entrepreneurs often have more than one goal for starting a business and becoming self-employed. Which of the following reasons is probably the least common goal of entrepreneurs? A) To earn a comfortable living. B) To meet community and social status. C) Maximizing profit margins. D) Building a large corporate team. Show Answer Correct Answer: B) To meet community and social status. 17. Which of the following is a benefit of practicing business ethics? A) Increased employee turnover. B) Enhanced company reputation. C) Higher operational costs. D) Reduced customer satisfaction. Show Answer Correct Answer: B) Enhanced company reputation. 18. Corporate sustainability refers to: A) Avoiding competition. B) Long-term maintenance of systems according to environmental, social, and economic dimensions. C) Reducing taxes. D) Creating advertisements. Show Answer Correct Answer: B) Long-term maintenance of systems according to environmental, social, and economic dimensions. 19. Which of the following is NOT a principle of business ethics? A) Honesty. B) Integrity. C) Profit Maximization. D) Fairness. Show Answer Correct Answer: C) Profit Maximization. 20. What is the main characteristic of the stakeholder approach? A) The idea that many different groups have a legitimate interest in the corporations. B) It is a critical perspective on corporations and business. C) A focus on social and environmental responsibilities of a corporation. D) The assumption that shareholders are not the main stakeholders in the corporation. Show Answer Correct Answer: A) The idea that many different groups have a legitimate interest in the corporations. 21. How can businesses ensure their operations are ethically sound? A) By strictly following legal regulations only. B) Implementing comprehensive ethical training programs. C) Ignoring ethical considerations for higher profits. D) Limiting their operations to domestic markets. Show Answer Correct Answer: B) Implementing comprehensive ethical training programs. 22. Which of the following statements about whistleblowing is NOT true? A) Many federal and state laws protect the rights of whistleblowers. B) Whistleblowing is very difficult for most people to do. C) Snitches get stiches. D) Whistleblowing refers to reporting others' ethics violations. Show Answer Correct Answer: C) Snitches get stiches. 23. What is the number one cause of unethical behavior in business? A) Bad morale. B) Social responsibility. C) Employee turnover. D) Overly aggressive financial goals. Show Answer Correct Answer: D) Overly aggressive financial goals. 24. A person who exposes any kind of information that reveals illegal, unethical, or not correct activity within an organization that is either private or public. A) Whistleblower. B) Whistle follower. C) All the above. D) None of the above. Show Answer Correct Answer: A) Whistleblower. 25. Which of the following is an example of ethical leadership in a company? A) Ignoring employee feedback. B) Maximizing shareholder value at the expense of other stakeholders. C) Making decisions transparently and considering the welfare of all stakeholders. D) Focusing solely on legal compliance. Show Answer Correct Answer: C) Making decisions transparently and considering the welfare of all stakeholders. ← 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