This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 29 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 29 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following best describes 'ethical dilemma' in business? A) A situation where a business must choose between profit and ethics. B) A situation where a business must choose between two profitable options. C) A situation where a business must choose between two unethical options. D) A situation where a business must choose between two legal options. Show Answer Correct Answer: A) A situation where a business must choose between profit and ethics. 2. Resolution of an ethical dilemma can be achieved by first ..... A) Selecting between conflicting values that are important to one as an employee. B) Coming up with ways to justify unethical behavior. C) Recognizing the type of conflict one is dealing with. D) Seeking help from one's employer to deal with the rising contention. Show Answer Correct Answer: C) Recognizing the type of conflict one is dealing with. 3. What is the recognition that business activities have an impact on society and the consideration of that impact in business decision making? A) Whistle Blowing. B) Corporate Citizenship. C) Social Responsibility. D) Conflict of Interest. Show Answer Correct Answer: C) Social Responsibility. 4. It is refers to a corporation's responsibilities or obligations toward society. A) Corporate Service Responsibility. B) Corporate Social Responsibility. C) Corporate Science Responsibility. D) Corporate Socio Responsibility. Show Answer Correct Answer: B) Corporate Social Responsibility. 5. Code of conduct should be followed by which level of management? A) Top Level. B) Middle Level. C) Lower Level. D) All of these. E) None. Show Answer Correct Answer: D) All of these. 6. The recent rash of business scandals and increased concerns about the environment have created fresh interest in the issues of ..... and ..... A) Ethics; promotion responsibility. B) Ethics; social responsibility. C) Finances; employee discrimination. D) Management ethics; insider trading. Show Answer Correct Answer: B) Ethics; social responsibility. 7. One of the ways by which companies can show their responsibility toward the environment is by reducing their ..... A) Anaerobic digestion. B) Leapfrogging. C) Carbon footprint. D) Green procurement. Show Answer Correct Answer: C) Carbon footprint. 8. WHAT DOES CSR PRIMARILY FOCUS ON? A) Reducing business expenses. B) Increasing short-term profits. C) Business responsibilities toward society and the environment. D) Expanding global markets. Show Answer Correct Answer: C) Business responsibilities toward society and the environment. 9. Which of the following should be the first step in assessing ethical behavior in a certain situation? A) Seek the advice of managers. B) Make a judgment based on the outcome of the activity. C) Collect facts related to the situation. D) Gather a range of opinions on the effectiveness of the policy. Show Answer Correct Answer: C) Collect facts related to the situation. 10. One of its disadvantages is that the business operation is restricted by law A) Sole Proprietorship. B) Corporation. C) Partnership. D) Equity. Show Answer Correct Answer: B) Corporation. 11. The evolution of ethics is influenced by various factors, including: A) Technological advancements. B) Economic factors only. C) Government regulations only. D) Historical events and cultural shifts. Show Answer Correct Answer: D) Historical events and cultural shifts. 12. In what way can the government use indirect regulation to affect social responsibility? A) Enacting laws. B) Imposing fines to violators. C) Cooperating with foreign governments. D) Providing tax incentives. Show Answer Correct Answer: D) Providing tax incentives. 13. Which of the following the Financial Managers should consider when evaluating decision alternatives or potential actions? A) Only risk. B) Only return. C) Both risk and return. D) Risk, return, and the impact on share price. Show Answer Correct Answer: C) Both risk and return. 14. What is the meaning of the term 'social responsibility' in the context of business? A) The obligation of a business to maximize profits for its shareholders. B) The duty of a business to contribute to the well-being of society. C) The strategy of a business to reduce operational costs. D) The responsibility of a business to innovate and lead in its industry. Show Answer Correct Answer: B) The duty of a business to contribute to the well-being of society. 15. Which of the following statements is true of ethics? A) All ethical standards are codified in the law. B) Ethics and social responsibility are independent of each other. C) Establishing broad agreement on ethical standards is easier when society is diverse. D) Actions that are completely legal can still be unethical. Show Answer Correct Answer: D) Actions that are completely legal can still be unethical. 16. What is the most important responsibility of business according to Milton Friedman? A) Care of the environment. B) Contribute to the community. C) Take care of employees. D) Increase profits. Show Answer Correct Answer: D) Increase profits. 17. Which of the following is a true statement about breaking the law: A) It is acceptable in most industries. B) It is necessary for business success. C) It will make a company more popular. D) It may have different consequences than breaching ethics. Show Answer Correct Answer: D) It may have different consequences than breaching ethics. 18. Personal Knowledge Impact A) Influences individual ethical behavior. B) Has no effect on decision making. C) Increases knowledge retention. D) Decreases moral judgment. Show Answer Correct Answer: A) Influences individual ethical behavior. 19. What notion should be at the heart of ethical theory, according to virtue ethics? A) Duty. B) Intrinsic value. C) Moral character. D) Pleasure. Show Answer Correct Answer: C) Moral character. 20. Sustainability strategies in the digital age involve: A) Ignoring data privacy laws. B) Using digital tools to improve resource efficiency and transparency. C) Printing more marketing materials. D) Disregarding social media feedback. Show Answer Correct Answer: B) Using digital tools to improve resource efficiency and transparency. 21. Conflict between self financial interest and professional obligation is called? A) Being irresponsible. B) Mixing business with pleasure. C) Conflict of interest. D) Being unprofessional. Show Answer Correct Answer: C) Conflict of interest. 22. A set of guidelines for maintaining ethics in the workplace. A) Code of Ethics. B) Code of Conduct. C) Integrity. D) Code of Honor. Show Answer Correct Answer: A) Code of Ethics. 23. Percentage of Fortune 1000 firms with a formal code of ethics A) About 75 percent. B) About 85 percent. C) About 95 percent. D) About 65 percent. Show Answer Correct Answer: C) About 95 percent. 24. Which of the following defines workplace politics? A) Choices made according to law. B) Beliefs of a person or social group in which they have an emotional investment. C) Games played in a workplace environment to achieve status, advancement, and money. D) Professional standards of conduct, based on moral principles and values, guiding decision-making and actions. Show Answer Correct Answer: C) Games played in a workplace environment to achieve status, advancement, and money. 25. If you wish to speak without interrupting, you may send a nonverbal signal by ..... A) Looking at someone else. B) Opening your mouth slightly. C) Spinning your eyes. D) Ignoring the speaker. Show Answer Correct Answer: B) Opening your mouth slightly. ← 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