This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an example of an ethical dilemma in stakeholder theory? A) Deciding whether to give employees a raise. B) Choosing a color scheme for the company logo. C) Setting the location for a new branch. D) Determining the number of employees. Show Answer Correct Answer: A) Deciding whether to give employees a raise. 2. ..... integrity tests indirectly estimate employee honesty by measuring psychological traits. A) Situational-based. B) Personality-based. C) Behavioral. D) Framed. E) Overt. Show Answer Correct Answer: B) Personality-based. 3. What is the teleological approach to ethics? A) The teleological approach emphasizes following strict rules regardless of outcomes. B) The teleological approach to ethics focuses on the consequences of actions to determine their moral value. C) The teleological approach is concerned with the inherent nature of actions themselves. D) It focuses on the intentions behind actions rather than their results. Show Answer Correct Answer: B) The teleological approach to ethics focuses on the consequences of actions to determine their moral value. 4. Donating a portion of profits to charities and social causes. A) CONSUMER TRUST. B) INVESTOR CONFIDENCE. C) LONG-TERM PROFITABILITY. D) PHILANTHROPY. Show Answer Correct Answer: D) PHILANTHROPY. 5. Lacking moral principles. A) Ethical Dilemmas. B) Unethical. C) Values. D) Reputation. Show Answer Correct Answer: B) Unethical. 6. What factors should be considered in Ethical Decision Making? A) Ignoring the consequences. B) Making a decision without consulting with others. C) Not reflecting on the outcome. D) Identifying the problem, considering all possible options, evaluating the consequences, consulting with others, making a decision, reflecting on the outcome. Show Answer Correct Answer: D) Identifying the problem, considering all possible options, evaluating the consequences, consulting with others, making a decision, reflecting on the outcome. 7. Which of the following is NOT an example of a stakeholder group that an organization must satisfy to assure long-term survival? A) Investors. B) Government. C) Customers. D) The media. E) Employees. Show Answer Correct Answer: D) The media. 8. An organization's ..... embraces the behavior, rituals and shared meaning held by employees that distinguishes the organization from all others. A) External environment. B) Culture. C) Dominant culture. D) Ethics. Show Answer Correct Answer: B) Culture. 9. Which is not an example of economic responsibility. A) Producing goods and services according to the needs of the customer is in selling them at a profit. B) Charity to an orphanage. C) Respecting the religious sentiments of people. D) Not to create pollution. Show Answer Correct Answer: C) Respecting the religious sentiments of people. 10. Promoting public health is one of the responsibilities of the business to the public. Supporting charities and other aid to humanity programs are also included. A) True. B) False. C) Maybe. D) All of the above. Show Answer Correct Answer: A) True. 11. Which of the following is a principle of business ethics? A) Profit maximization. B) Transparency. C) Monopoly. D) Price fixing. Show Answer Correct Answer: B) Transparency. 12. What is a guide of principles designed to help professionals conduct business honestly and with integrity? A) Resume. B) Coat of arms. C) Social responsibility. D) Code of ethics. Show Answer Correct Answer: D) Code of ethics. 13. What role does the board of directors play in Corporate Governance? A) The board of directors oversees the company's management, sets strategic objectives, ensures accountability, and represents the interests of shareholders. B) The board of directors only focuses on short-term profits. C) The board of directors has no influence on company decisions. D) The board of directors is responsible for day-to-day operations. Show Answer Correct Answer: A) The board of directors oversees the company's management, sets strategic objectives, ensures accountability, and represents the interests of shareholders. 14. The successful long-term management of an organization's financial, social, and environmental risks, opportunities, and obligations A) Puffery. B) Business sustainability. C) Copyright. D) Nepotism. Show Answer Correct Answer: B) Business sustainability. 15. This social enterprise helps to build a community through the management of property. A) Fee-for-service Model. B) Motivated by a cause. C) Development Trusts. D) Construction Firm. Show Answer Correct Answer: C) Development Trusts. 16. What is one way a business can treat their suppliers ethically? A) Pay fair prices for goods and services received. B) Charge extra fees. C) Delay payments as long as possible. D) Provide minimal information to suppliers. Show Answer Correct Answer: A) Pay fair prices for goods and services received. 17. Defined as meeting other expectations not defined by law A) Philanthropic Responsibilities. B) Legal Responsibilities. C) Economic Responsibilities. D) Ethical Responsibilities. Show Answer Correct Answer: D) Ethical Responsibilities. 18. What is ethical in the following options A) Backbiting your friends. B) Being rude to your siblings. C) Helping an old man to carry his groceries. D) Being mean to your classmates. Show Answer Correct Answer: C) Helping an old man to carry his groceries. 19. A company implementing a(n) ..... strategy would demonstrate the greatest willingness on the part of the company to meet or exceed society's expectations. A) Reactive. B) Defensive. C) Proactive. D) Accommodative. Show Answer Correct Answer: C) Proactive. 20. What role does 'corporate social responsibility' play in business ethics? A) It is unrelated to business ethics. B) It is a key component that reflects a company's commitment to ethical practices. C) It is a marketing strategy to attract customers. D) It is a legal requirement for all businesses. Show Answer Correct Answer: B) It is a key component that reflects a company's commitment to ethical practices. 21. What are the legal requirements for Corporate Governance? A) Ambiguity, unaccountability, bias, and irresponsibility towards stakeholders. B) Confidentiality, exclusivity, partiality, and negligence towards stakeholders. C) Transparency, accountability, fairness, and responsibility towards stakeholders. D) Secrecy, dishonesty, favoritism, and disregard towards stakeholders. Show Answer Correct Answer: C) Transparency, accountability, fairness, and responsibility towards stakeholders. 22. If we used the money from our borrowings, the asset bought is financed by ..... A) Equity. B) Raw material suppliers. C) Debt. D) Cash dividends. Show Answer Correct Answer: C) Debt. 23. Integration in business ethics is ..... A) To create proper political, scandal and business relationship to become ever more the norm. B) To create proper political and scandal relationship to become ever more the norm. C) To create proper political, scandal and business profit become ever more the norm. D) To create proper business ethics and strong adherence to them become ever more the norm. Show Answer Correct Answer: D) To create proper business ethics and strong adherence to them become ever more the norm. 24. In the long run, ethical integrity will keep customers coming back to a business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. This obligation relates to which of the following stakeholder? Keep them informed of the business's performance. A) Community. B) Employees. C) Shareholders. D) Consumers. Show Answer Correct Answer: C) Shareholders. ← 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 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