This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Venture capitalists A) Individuals who only invest in established companies. B) Invest funds from professionally managed pools of investor money. C) Advisors who help startups without any financial investment. D) None of the above. Show Answer Correct Answer: B) Invest funds from professionally managed pools of investor money. 2. What is most likely to occur when a business exhibits ethical behavior by being fair and honest? A) Goodwill. B) Innovation. C) Accountability. D) Persistence. Show Answer Correct Answer: A) Goodwill. 3. Companies practicing CSR can achieve sustainable success by aligning financial goals with social impact. A) CONSUMER TRUST. B) INVESTOR CONFIDENCE. C) LONG-TERM PROFITABILITY. D) EMPLOYEE MORALE. E) PHILANTHROPY. Show Answer Correct Answer: C) LONG-TERM PROFITABILITY. 4. A business is normally at its riskiest point during the ..... phase. A) Growth. B) Maturity. C) Decline. D) Startup. Show Answer Correct Answer: D) Startup. 5. The process of the evolution of ethics is influenced by: A) Religion only. B) Individual moral development and societal changes. C) Government regulations solely. D) Economic factors exclusively. Show Answer Correct Answer: B) Individual moral development and societal changes. 6. Prevents unfair business practices such as false advertising, deceptive pricing, and misleading labeling. A) Monopoly. B) Antitrust Laws. C) Legal System. D) Corporate Police. Show Answer Correct Answer: B) Antitrust Laws. 7. What is the significance of 'transparency' in business ethics? A) It helps in hiding company secrets. B) It builds trust with stakeholders. C) It reduces operational costs. D) It increases market competition. Show Answer Correct Answer: B) It builds trust with stakeholders. 8. Which organisation ensures fair prices are paid to the producers of products such as coffee, tea and chocolate in developing countries? A) Oxfam. B) World Chocolate Organisation. C) Fairtrade Foundation. D) World fair treatment. Show Answer Correct Answer: C) Fairtrade Foundation. 9. Taking money from a cash register, taking goods from a store without paying for them, using company money to pay for personal items or entertainment on a business trip would be considered ..... A) Ethical. B) Unethical. C) All the above. D) None of the above. Show Answer Correct Answer: B) Unethical. 10. What is a social responsibility of a business towards its consumers? A) Developing employees' skills through training. B) Providing regular and accurate information about business working. C) Supplying right quality and quantity of goods and services at reasonable prices. D) Protecting the natural environment. Show Answer Correct Answer: C) Supplying right quality and quantity of goods and services at reasonable prices. 11. What is an entrepreneur's responsibility to customers? A) Owing suppliers timely payment and respecting their pricing decisions. B) Being honest and transparent in all areas. C) Cooperating with suppliers to make transactions efficient. D) Regular and timely communication with investors. Show Answer Correct Answer: B) Being honest and transparent in all areas. 12. There is usually no trade-off between being socially responsible and economic performance. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. When making an introduction, who is introduced first? A) The person of greatest importance. B) The person with the highest title. C) The oldest person in the room. D) The host or boss. Show Answer Correct Answer: A) The person of greatest importance. 14. A business with poor ethics is likely to A) Avoid fines. B) Decrease its financial risk. C) Beat the competition. D) Lose customers. Show Answer Correct Answer: D) Lose customers. 15. ..... is one important reason due to which business enterprises feels concerned with social responsibility A) Development of social standard for business. B) Threat of public regulation. C) Impact of consumer consciousness. D) Lack of board public support. Show Answer Correct Answer: B) Threat of public regulation. 16. Which of the following is a key component of business ethics? A) Profit Maximization. B) Corporate Social Responsibility. C) Market Expansion. D) Product Innovation. Show Answer Correct Answer: B) Corporate Social Responsibility. 17. Corporate social responsibility is created as an act of protecting the profit of the company and is a genuine social responsibility toward doing something good for the world. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 18. Which form of intellectual property protects inventions? A) Copyright. B) Ownership. C) Patents. D) Dragons Den. Show Answer Correct Answer: C) Patents. 19. False marketing to deceive consumers into believing that a company's products are environmentally friendly is called ..... A) Green ads. B) Greenwashing. C) Tree washing. D) Eco marketing. Show Answer Correct Answer: B) Greenwashing. 20. What is a primary argument for businesses to fulfill their social responsibilities? A) To ensure short-term profit maximization. B) To avoid paying taxes to the government. C) To secure long-term interest and cooperation from society members. D) To exclusively benefit shareholders without considering other stakeholders. Show Answer Correct Answer: C) To secure long-term interest and cooperation from society members. 21. Which of the following is the type of financial intermediary that pools savings of individuals and makes them available to business and government users? A) Mutual fund. B) Savings bank. C) Savings and loans. D) Credit union. Show Answer Correct Answer: A) Mutual fund. 22. What is the purpose of Corporate Governance in a business? A) To promote unethical behavior within the organization. B) To maximize profits at all costs. C) To ensure responsible and ethical management while protecting stakeholders' interests. D) To ignore the interests of stakeholders. Show Answer Correct Answer: C) To ensure responsible and ethical management while protecting stakeholders' interests. 23. The U.S. Attorney announced that the United States had filed a suit that alleged Oracle Corporation had violated the False Claims Act. The U.S. government learned about the overcharging from a former Oracle vice president. The vice president acted as a(n) . A) Whistleblower. B) Tattle tail. C) Covert stakeholder. D) Ethical ombudsman. Show Answer Correct Answer: A) Whistleblower. 24. Firms that meet, and occasionally exceed legal and ethical requirements take what type of social responsibility stance? A) Accommodative. B) Proactive. C) Defensive. D) Obstructionist. Show Answer Correct Answer: A) Accommodative. 25. CSR stands for: A) Customer satisfaction ratios. B) Corporate sales returns. C) Corporate social responsibility. D) Customer sales ratios. Show Answer Correct Answer: C) Corporate social responsibility. ← 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 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