This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 28 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 28 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Government Income A) Revenue. B) Loans. C) Credit Cards. D) None of the above. Show Answer Correct Answer: A) Revenue. 2. A group of ethical behavior guidelines that govern the day to day activities of a profession or organizations A) Code of ethics. B) Code of responsibility. C) Code of honesty. D) Code of behavior. Show Answer Correct Answer: A) Code of ethics. 3. Long term interest of the business are best served when its profitability and growth are accomplished alongside its social responsibilities A) Corporate social responsibility. B) Corporate citizenship. C) Community stakeholder. D) None of the above. Show Answer Correct Answer: B) Corporate citizenship. 4. Which of the following steps in the ethical decision-making process involves reviewing alternatives and consequences? A) Selecting the best choice. B) Listing all alternatives and the consequences. C) Defining the problem. D) Evaluating your decision. Show Answer Correct Answer: A) Selecting the best choice. 5. Which economist first introduced the concept of the invisible hand? A) Karl Marx. B) R. Edward Freeman. C) Milton Friedman. D) Adam Smith. Show Answer Correct Answer: D) Adam Smith. 6. What does social responsibility of business primarily refer to? A) Maximizing profits for shareholders. B) Fulfilling legal obligations only. C) Taking decisions and performing actions desirable by societal objectives and values. D) Minimizing environmental impact. Show Answer Correct Answer: C) Taking decisions and performing actions desirable by societal objectives and values. 7. What does it mean for a business to act ethically? A) To maximize profits at any cost. B) To follow only those laws that benefit the business. C) To act in a socially responsible way, doing what is right even if not legally required. D) To avoid any social responsibilities. Show Answer Correct Answer: C) To act in a socially responsible way, doing what is right even if not legally required. 8. Financial freedom is to have enough savings and cash on hand to sustain the kind of life we desire for ourselves and our families. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. Customers associate a socially responsible business with trust and integrity, so they are more comfortable dealing with such a business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. Ethical Codes Enforcement A) Part of opportunity factors. B) A legal requirement for businesses. C) A guideline for employee behavior. D) A method for financial auditing. Show Answer Correct Answer: A) Part of opportunity factors. 11. It is considered to be a way of helping the society improve as a business operates A) Business Ethics. B) Societal Growth. C) Socially Responsible Investment. D) Corporate Social Responsibility. Show Answer Correct Answer: D) Corporate Social Responsibility. 12. All of the following are important factors in the creation of an ethical business climate EXCEPT ..... A) Personal examples set by company management. B) Official approval of the company's code of ethics by government regulators. C) Fair but consistent punishment of violators. D) A reporting system that encourages whistleblowers to report potential ethics violations. E) Top management's active involvement in ethics training program. Show Answer Correct Answer: B) Official approval of the company's code of ethics by government regulators. 13. Cultural Norms Impact A) Affects social ethical behavior. B) Has no effect on behavior. C) Encourages individualism. D) Promotes isolationism. Show Answer Correct Answer: A) Affects social ethical behavior. 14. An agremment on rules of behaviour for the members of a group or organization A) Honesty. B) Corruption. C) Code of conduct. D) Bribery. Show Answer Correct Answer: C) Code of conduct. 15. Which was declared by the Chinese government in 2014 A) A war on the company Silly Goose. B) A War on Pollution in Response to Air and Water Pollution. C) A War with business ethic standards. D) None of the above. Show Answer Correct Answer: B) A War on Pollution in Response to Air and Water Pollution. 16. These are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. Also, can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending on investors' strategic goals. A) Impact Investment. B) Social Responsible Investment. C) Global Investment. D) Strategic Investment. Show Answer Correct Answer: A) Impact Investment. 17. Economic responsibility is the primary responsibility of the company that needs to consider since the company's main goal is to help the economy's development, generate employment and provide goods or services for public use and consumption. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. What is the term used to describe the degree of concern people have about an ethical issue? A) Social consensus. B) Temporal immediacy. C) Magnitude of consequences. D) Ethical intensity. E) Ethical valence. Show Answer Correct Answer: D) Ethical intensity. 19. It is illegal to test medicines and pharmaceuticals on animals in the UK. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 20. Internet Use A) A social factor affecting ethical behavior. B) A technological advancement in communication. C) A method for increasing productivity. D) A platform for social networking. Show Answer Correct Answer: A) A social factor affecting ethical behavior. 21. Companies do not have to be socially responsible to whom? A) Customers. B) Employees. C) Owners/Investors. D) Competitors. Show Answer Correct Answer: D) Competitors. 22. The field of business ethics applies moral standards to business situations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. What does the Latin phrase "caveat emptor" mean? A) Let the seller beware. B) Let the buyer beware. C) Buyer beware of seller. D) Seller beware of buyer. Show Answer Correct Answer: B) Let the buyer beware. 24. Who increasingly expect the companies that they support to act in the best interest of their communities, the environment, and the world. A) Customers. B) Owners. C) Schools. D) Leaders. Show Answer Correct Answer: A) Customers. 25. A quality or feature of something that attracts your attention or makes you want to know more about it A) Interest. B) Atmosphere. C) Bankrupt. D) Invest. Show Answer Correct Answer: A) Interest. ← 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