This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 31 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How can businesses reduce their carbon footprint for Environmental Sustainability? A) Implement energy-efficient practices, use renewable energy sources, reduce waste, promote telecommuting and remote work, encourage sustainable transportation options, and invest in carbon offset programs. B) Discourage telecommuting and remote work. C) Encourage excessive waste production. D) Increase carbon emissions, use non-renewable energy sources. Show Answer Correct Answer: A) Implement energy-efficient practices, use renewable energy sources, reduce waste, promote telecommuting and remote work, encourage sustainable transportation options, and invest in carbon offset programs. 2. How a corporation differs from a sole proprietorship? A) Corporations are owned by only one person. B) Corporations can sell stocks to large and small investors to raise money for the business. C) Sole proprietorships have limited liability for the owners. D) Sole proprietorships require a legal charter to start the business. Show Answer Correct Answer: B) Corporations can sell stocks to large and small investors to raise money for the business. 3. These were developed in 2007 by an International task for e of 60 deans, University Presidents, and Official representatives of leading business schools and academic institutions ..... A) SRI. B) CSR. C) PRME. D) BESR. Show Answer Correct Answer: C) PRME. 4. A type of social enterprise that ensure small producers like farmers get a fair price for their produce. A) Financial and economic sustainability in the long term. B) Community Development Finance Institutions. C) Fair Trade Organizations. D) Service or Product Subsidization Model. Show Answer Correct Answer: C) Fair Trade Organizations. 5. An independent director is one who: A) Did not attend a school supported by the company. B) Does not have outside relationships with other directors. C) Does not have any other relationships with the company other than his or her directorship. D) All of the above. Show Answer Correct Answer: C) Does not have any other relationships with the company other than his or her directorship. 6. A type of social enterprise income generating act where it is taken from interests on saving deposits, bonds and others. A) Savings Account. B) Investment. C) Cooperative Model. D) Leasing. Show Answer Correct Answer: B) Investment. 7. Income is generated by leveraging these kind of assets like reputation, branding, and relationships. A) Intangible Assets. B) Tangible Assets. C) Investment. D) Trademarks. Show Answer Correct Answer: A) Intangible Assets. 8. Corporate liability arises when: A) A company changes its name. B) An employee uses personal time for side work. C) The company fails to ensure product safety, resulting in harm. D) Shareholders demand higher dividends. Show Answer Correct Answer: C) The company fails to ensure product safety, resulting in harm. 9. What is a crucial element for establishing an ethical business environment within an organization? A) Prioritizing short-term financial gains above all else. B) Ensuring that all employees work overtime without additional compensation. C) Top management openly and strongly committing to ethical conduct. D) Avoiding any written policies to maintain flexibility in operations. Show Answer Correct Answer: C) Top management openly and strongly committing to ethical conduct. 10. Environmental protection can best be done by the efforts A) Business people. B) Government. C) Scientists. D) All of these. E) None. Show Answer Correct Answer: D) All of these. 11. Which of the following statements best describes business ethics? A) It involves applying ethical and moral standards to business behavior. B) It should be applied as a separate set of moral standards from general ethics. C) It deals exclusively with the ethical behavior of creditors and shareholders. D) It can by understood from two perspectives-consequentialism and constitutivism. Show Answer Correct Answer: A) It involves applying ethical and moral standards to business behavior. 12. It is easy to form and operate. A) Corporation. B) Partnership. C) Capital. D) Sole Proprietorship. Show Answer Correct Answer: D) Sole Proprietorship. 13. Being ethical also means that employees should strive to achieve excellence in all their tasks. A) INTEGRITY. B) BEING A LEADER. C) HONESTY. D) EXCELLENCE. Show Answer Correct Answer: D) EXCELLENCE. 14. What is the term for a person who reports illegal activity occurring within a firm to outside parties? A) Insider. B) CEO. C) Whistleblower. D) Auditor. Show Answer Correct Answer: C) Whistleblower. 15. The invisible hand theory suggests that individuals pursuing their own self-interest will ultimately benefit: A) Society as a whole. B) Only themselves. C) The government. D) The business sector. Show Answer Correct Answer: A) Society as a whole. 16. Which of the following defines business ethics? A) An approach toward decision making in which a person evaluates moral principles. B) Professional standards of conduct, based on moral principles and values, guiding decision-making and actions. C) Choices made based on moral principles and values. D) A set of guidelines which govern behavior. Show Answer Correct Answer: B) Professional standards of conduct, based on moral principles and values, guiding decision-making and actions. 17. This view argued that a company should be operated on a profit-orientation basis where its mission is to increase its profit as long as it stays within the rules of ethics. A) Economic responsibilities. B) Legal responsibilities. C) Ethical responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: A) Economic responsibilities. 18. Which is the 3 main factors that influence ethics in business? A) Code of ethics, religion, gender. B) Self-discipline, autonomy, mastery. C) Individual morals & values, social responsibility, profit margin. D) Individual morals & values, coworker's influence, opportunity. Show Answer Correct Answer: D) Individual morals & values, coworker's influence, opportunity. 19. What does "Padrino system" imply to the company's hiring process? A) A highly qualified applicant will be employed easily. B) A highly qualified applicant will be interviewed first. C) A highly qualified applicant will be hired even without endorsement. D) A highly qualified applicant will not be hired because he/she is not endorsed. Show Answer Correct Answer: D) A highly qualified applicant will not be hired because he/she is not endorsed. 20. Which sentence uses the term 'business ethics' correctly? A) Business ethics is a way to increase company profits. B) Business ethics ensures that a company operates within the law and maintains a good reputation. C) Business ethics is only important for large corporations. D) Business ethics is a new trend in the business world. Show Answer Correct Answer: B) Business ethics ensures that a company operates within the law and maintains a good reputation. 21. PBSP A) Philippine Bangko Sentral ng Pilipinas. B) Philippine Business for Social Progress. C) Philippine Business of Social Progress. D) None of the above. Show Answer Correct Answer: B) Philippine Business for Social Progress. 22. Which of the following is NOT a characteristic of an ethical organization? A) Transparency. B) Accountability. C) Discrimination. D) Respect for diversity. Show Answer Correct Answer: C) Discrimination. 23. The ..... approach for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people. A) Ends-based. B) Rules-based. C) Golden Rule. D) Volcker's Rule. Show Answer Correct Answer: A) Ends-based. 24. What is an entrepreneur's responsibility to suppliers? A) Creating an energy-efficient workplace. B) Giving suppliers feedback on products or services. C) Taking customer complaints seriously. D) Informing customers about products and services. Show Answer Correct Answer: B) Giving suppliers feedback on products or services. 25. What is a code of ethics and why is it important? A) A code of ethics is a legal requirement for businesses. B) A code of ethics is a set of guidelines for ethical behavior, important for promoting integrity and trust. C) A code of ethics is a personal opinion on morality. D) A code of ethics is a marketing strategy for profit. Show Answer Correct Answer: B) A code of ethics is a set of guidelines for ethical behavior, important for promoting integrity and trust. ← 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