This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 27 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Over the last five decades, codes of ethics: A) Have matured from performance-measurement documents into cosmetic public relations documents. B) Have been adopted by a decreasing number of corporations because employees and managers no longer need guidance. C) Have been adopted by an increasing number of organizations who share them with all their stakeholders. D) Have relieved chief executive officers from the control mechanisms used by boards of directors. Show Answer Correct Answer: C) Have been adopted by an increasing number of organizations who share them with all their stakeholders. 2. What is Corporate Philanthropy? A) Employees who report their employer's illegal or unethical behavior to either the authorities or the media. B) The way a company takes responsibility for its actions and their impact on employees, stakeholders and communities. C) The obligation of the business to contribute to society. D) The act of a corporation or business promoting the welfare of others, generally through charitable donations of funds or time. Show Answer Correct Answer: D) The act of a corporation or business promoting the welfare of others, generally through charitable donations of funds or time. 3. When a company contributes to society in a positive way, this is called A) Ethics. B) Social responsibility. C) Code of ethics. D) Social studies. Show Answer Correct Answer: B) Social responsibility. 4. A COMPANY THAT DONATES A PORTION OF ITS PROFITS TO SOCIAL CAUSES IS PRACTICING WHICH AREA OF CSR? A) Community engagement. B) Ethical labor practices. C) Philanthropy. D) Environmental sustainability. Show Answer Correct Answer: C) Philanthropy. 5. A set of guidelines prepared by a firm to provide its employees with the knowledge of what the firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers. A) Corporate social responsibility (CSR). B) Code of ethics. C) All the above. D) None of the above. Show Answer Correct Answer: B) Code of ethics. 6. Forms of business organization in which the owner has all the profits. A) Corporation. B) Partnership. C) Sole Proprietorship. D) Business. Show Answer Correct Answer: C) Sole Proprietorship. 7. What involves adopting a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities? A) Corporate Citizenship. B) Consumerism. C) Business Ethics. D) Whistle Blowing. Show Answer Correct Answer: A) Corporate Citizenship. 8. Identify the types of ethical concerns in the business world. A) Fraud, discrimination, and environmental impact. B) Profit maximization and market share. C) Employee satisfaction and retention. D) Customer loyalty and brand recognition. Show Answer Correct Answer: A) Fraud, discrimination, and environmental impact. 9. What Filipino values are shown when a person is willing to lend money to his friend just to provide comfort and please his visitors? A) Hospitality. B) Loving and caring. C) Utang na loob. D) Pakikisama. Show Answer Correct Answer: A) Hospitality. 10. Both personal and business ethics begin with A) Ethical principles. B) Legal requirements. C) Community responsibilities. D) Investor needs. Show Answer Correct Answer: A) Ethical principles. 11. This is considered the highest criterion of social responsibility because it goes beyond societal expectations to contribute to the community's welfare. A) Economic responsibilities. B) Ethical responsibilities. C) Legal responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: D) Discretionary responsibilities. 12. An effective program for social responsibility takes time, money, and organization. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. What is informing the press or government officials about unethical practices within one's organization called? A) Plagiarism. B) Whistle Blowing. C) Consumerism. D) Caveat Emptor. Show Answer Correct Answer: B) Whistle Blowing. 14. The unethical or illegal behaviour by people in positions of authority A) Corruption. B) Invoice. C) Blackmail. D) Extortion. Show Answer Correct Answer: A) Corruption. 15. Definition of Corporate Citizenship A) A commitment to maximizing shareholder profits. B) Adopting a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities. C) A focus on reducing operational costs. D) An initiative to increase employee engagement. Show Answer Correct Answer: B) Adopting a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities. 16. What term describes the practice of ensuring fair treatment of all stakeholders in business? A) Equity. B) Transparency. C) Accountability. D) Fairness. Show Answer Correct Answer: D) Fairness. 17. Property (as an idea, invention or process) that derives from the work of mind or intellect A) Defamation. B) Fair Use. C) Intellectual Property Agreement. D) Intellectual Property. Show Answer Correct Answer: D) Intellectual Property. 18. Unethical practices in organizations can be fueled by: A) Clear ethical guidelines. B) Strong corporate culture. C) Short-term financial goals overriding ethical considerations. D) Employee empowerment. Show Answer Correct Answer: C) Short-term financial goals overriding ethical considerations. 19. Management must develop practical ethical standards and procedures specific to the company's line of business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. A type of social enterprise that deliver basic services previously provided by the public sector organizations. A) Market Intermediary Model. B) Public Sector spin-outs. C) Fair Trade Organizations. D) Market Linkage Model. Show Answer Correct Answer: B) Public Sector spin-outs. 21. Primary responsibility of a business is to produce goods and services that society wants and sell them at a profit. This is called ..... A) Legal responsibility. B) Personal responsibility. C) Economic responsibility. D) None of these. Show Answer Correct Answer: C) Economic responsibility. 22. What is an obligation to repay a person from whom one has received a favor? A) Filial piety. B) Family orientation. C) Utang na loob. D) Padrino system. Show Answer Correct Answer: C) Utang na loob. 23. Which of the following is NOT a way that businesses can be ethical? A) Using renewable energy. B) Reducing energy consumption. C) Increasing pollution. D) Recycling waste. Show Answer Correct Answer: C) Increasing pollution. 24. Commitment in Agreements A) Not meeting commitments in a mutual agreement can lead to ethical issues. B) Commitments in agreements are always legally binding. C) All agreements require a written contract to be valid. D) Ethical issues only arise in business agreements. Show Answer Correct Answer: A) Not meeting commitments in a mutual agreement can lead to ethical issues. 25. What is the primary purpose of corporate social responsibility (CSR)? A) To increase company profits. B) To ensure compliance with government regulations. C) To contribute positively to society and the environment. D) None of the above. Show Answer Correct Answer: C) To contribute positively to society and the 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