This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is an ethical strategy in business? A) A plan that ensures maximum profit. B) A strategy that involves competitive advantage. C) A course of action that does not violate accepted principles of right or wrong. D) A method to increase employee satisfaction. Show Answer Correct Answer: C) A course of action that does not violate accepted principles of right or wrong. 2. What is the term for the practice of a company taking responsibility for the environmental impact of its activities? A) Greenwashing. B) Environmental Stewardship. C) Cost Leadership. D) Market Penetration. Show Answer Correct Answer: B) Environmental Stewardship. 3. The Organisation must set up a code of conduct to be followed by all the employees. This is related to following element of Business Ethics. A) Top Management commitment. B) Publication of code. C) Involving employees at all levels. D) Establishment of compliance mechanism. E) None. Show Answer Correct Answer: B) Publication of code. 4. One difference between business ethics and the law is that business ethics A) Are often unwritten. B) Must be published. C) Are enforced by government. D) Are easy to determine. Show Answer Correct Answer: A) Are often unwritten. 5. ..... is unethical behavior that violates organizational norms about right and wrong. A) Workplace deviance. B) Organizational deviance. C) Social deviance. D) An ethical dilemma. E) Social irresponsibility. Show Answer Correct Answer: A) Workplace deviance. 6. What is an example of flexible working conditions that a business could provide? A) Remote work opportunities. B) Gym memberships. C) Free lunches. D) Annual bonuses. Show Answer Correct Answer: A) Remote work opportunities. 7. What are some common myths about business ethics? A) Ethics is not relevant in competitive markets. B) Some common myths about business ethics are:1) Ethics is just about following laws, 2) Ethical behavior is too costly, 3) All businesses are inherently unethical, 4) Ethics is a personal issue. C) Ethics only applies to large corporations. D) Business ethics is the same as corporate social responsibility. Show Answer Correct Answer: B) Some common myths about business ethics are:1) Ethics is just about following laws, 2) Ethical behavior is too costly, 3) All businesses are inherently unethical, 4) Ethics is a personal issue. 8. What is one of the primary reasons for unethical practices in organizations? A) Lack of legal regulations. B) Strong ethical leadership. C) Pressure to meet unrealistic targets. D) Emphasis on corporate social responsibility. Show Answer Correct Answer: C) Pressure to meet unrealistic targets. 9. Finwes is an advertising company. Because of certain untoward incidents in the company, the management decides to create a formal written document that would guide the employees in making right decisions in various professional situations. In this scenario, the management wants to create a ..... A) Negotiable instrument. B) Code of merit. C) Code of ethics. D) Document of compliance. Show Answer Correct Answer: C) Code of ethics. 10. Business ethics are concerned with: A) Maximizing shareholder wealth without considering societal impact. B) Balancing profitability with ethical considerations. C) Ignoring stakeholders' interests. D) Following legal regulations regardless of ethical implications. Show Answer Correct Answer: B) Balancing profitability with ethical considerations. 11. Problems involving conflict between moral imperatives A) Ethical dilemmas. B) Reputation. C) Honesty. D) Scruples. Show Answer Correct Answer: A) Ethical dilemmas. 12. It receives premium payments that are placed in loans or investments to accumulate funds to cover future benefits. A) Life insurance company. B) Saving bank. C) Commercial bank. D) Credit bank. Show Answer Correct Answer: A) Life insurance company. 13. According to Adam Smith's concept of the "invisible hand, " what guides economic activity? A) Government regulations. B) Country leaders. C) Consumer demand. D) Social norms. Show Answer Correct Answer: C) Consumer demand. 14. What is likely the single MOST effective step that a company can take to set ethical standards? A) Suggest that employees take ethics training. B) Post ethical rules on bulletin boards. C) State that the workplace values diversity. D) Demonstrate support from top management. Show Answer Correct Answer: D) Demonstrate support from top management. 15. Define business ethics. A) Business ethics refers to the principles and standards that determine acceptable conduct in business. B) Business ethics is the study of how businesses can maximize profits. C) Business ethics involves the legal regulations governing corporate behavior. D) Business ethics is the practice of ensuring employee satisfaction. Show Answer Correct Answer: A) Business ethics refers to the principles and standards that determine acceptable conduct in business. 16. Which of the following are components of a well-designed whistle-blowing policy? A) A Suggestion Box. B) Retaliation. C) None of these. D) A commitment to take appropriate action. Show Answer Correct Answer: D) A commitment to take appropriate action. 17. Which of the following is an ethical issue related to marketing? A) Product pricing. B) Misleading advertisements. C) Distribution channels. D) Brand loyalty. Show Answer Correct Answer: B) Misleading advertisements. 18. What is the role of leadership in business ethics? A) Setting the atmosphere of operations. B) Encouraging unethical practices. C) Focusing only on profits. D) Ignoring employee concerns. Show Answer Correct Answer: A) Setting the atmosphere of operations. 19. The part of your mind that tells you whether what you are doing is morally right or wrong A) Ethics. B) Corruption. C) Integrity. D) Conscience. Show Answer Correct Answer: D) Conscience. 20. The problems associated with the disposal of waste have declined in recent years because of modern technology. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. Give the inventory the sole right to make, use, or sell the item for 20 years. A) Invention. B) Patent. C) Trademark. D) Copyright. Show Answer Correct Answer: B) Patent. 22. An example of poor worker treatment is in the Foxconn factories used by Apple in which country? A) China. B) UK. C) USA. D) Ghana. Show Answer Correct Answer: A) China. 23. Businesses should practice good ethics because it A) Is the right thing to do. B) Guarantees a positive outcome. C) Decreases sales. D) Leads to monetary rewards. Show Answer Correct Answer: A) Is the right thing to do. 24. If Business is to operate in a Society which is full of diverse & complicated problems, it may have A) Little chance of Success. B) Great Chance of success. C) Little chance of failure. D) No relation with success or failure. E) None. Show Answer Correct Answer: A) Little chance of Success. 25. The evolution of ethics is influenced by: A) Historical events, cultural shifts, and philosophical developments. B) Economic fluctuations only. C) Political ideologies only. D) Technological advancements exclusively. Show Answer Correct Answer: A) Historical events, cultural shifts, and philosophical developments. ← 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 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 10Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books