This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 7 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This is the most common business model wherein social enterprises charge clients a certain fee for services like hospitals, schools, and museums. A) No dividend for Investors. B) Fee-for-service Model. C) Public Sector Spin-outs. D) Investment. Show Answer Correct Answer: B) Fee-for-service Model. 2. Exists when a business has control of the market for a product or service. A) Contract. B) Monopoly. C) Trademark. D) Corporation. Show Answer Correct Answer: B) Monopoly. 3. What does the evolution of ethics primarily focus on? A) Individual morality. B) Societal norms. C) Ethical principles development. D) Legal regulations. Show Answer Correct Answer: C) Ethical principles development. 4. When business firms use eco-friendly method of production, then they are performing social responisbilities towards which group? A) Customer. B) Employees. C) Community. D) Shareholders. E) None. Show Answer Correct Answer: C) Community. 5. Which of the following best defines coercion in marketing? A) Persuading through positive testimonials. B) Using force or threats to influence consumer decisions. C) Offering discounts to loyal customers. D) Creating online advertisements. Show Answer Correct Answer: B) Using force or threats to influence consumer decisions. 6. Morals and behavior in business situations A) Business responsibility. B) Business values. C) Business morals. D) Business ethics. Show Answer Correct Answer: D) Business ethics. 7. How should firms ethically engage with stockholders? A) Firms should prioritize short-term profits over transparency. B) Firms should avoid communicating with stockholders to minimize conflict. C) Firms should focus solely on their internal goals without considering stockholder interests. D) Firms should maintain transparency, seek feedback, and align interests with stockholders. Show Answer Correct Answer: D) Firms should maintain transparency, seek feedback, and align interests with stockholders. 8. Which one is NOT a good way to improve ethical behavior in business? A) Code of ethics. B) More authoritarian management style. C) Training. D) Promote whistle-blowing. Show Answer Correct Answer: B) More authoritarian management style. 9. WHICH OF THE FOLLOWING BEST DEFINES BUSINESS ETHICS? A) Maximizing profits at all costs. B) Moral principles that guide corporate behavior. C) Following only legal requirements. D) Prioritizing financial gain over employee welfare. Show Answer Correct Answer: B) Moral principles that guide corporate behavior. 10. Which of the following statements about stakeholders of a company is correct? A) Competitors are not stakeholders of a company. B) Stakeholders of a company would be affected by the decisions made by the company. C) All stakeholders can share the assets of the company upon its liquidation. D) A client becomes a company's stakeholder only after he/she has settled his/her outstanding debts to the company. Show Answer Correct Answer: B) Stakeholders of a company would be affected by the decisions made by the company. 11. Employees who act ethically have the traits A) Honest, late, irresponsible, trustworthy. B) Confidential, dependable, trustworthy, prompt. C) Get along with others, late, honest, respect others property. D) None of the above. Show Answer Correct Answer: B) Confidential, dependable, trustworthy, prompt. 12. What is the process of creating, making, delivering, and promoting products that are environmentally safe? A) Green Marketing. B) Social Responsibility. C) Whistle Blowing. D) Conflict of Interest. Show Answer Correct Answer: A) Green Marketing. 13. Unethical business practices may lower a company's stock prices because A) Investors prefer companies they perceive to be ethical. B) The government fines unethical companies. C) Employees resign from unethical companies. D) Unethical companies usually go bankrupt. Show Answer Correct Answer: A) Investors prefer companies they perceive to be ethical. 14. A situation in which an individual has competing interests or loyalties is called A) Tough luck. B) Business ethics. C) Conflict of interest. D) None of the above. Show Answer Correct Answer: C) Conflict of interest. 15. These are mental abilities that managers must have to better understand, analyze, and diagnose complex situations. A) Human Skills. B) Technical skills. C) Conceptual Skills. D) Management. Show Answer Correct Answer: C) Conceptual Skills. 16. Which of the following is NOT a self-test to help make the right ethical decision? A) The Feeling Test. B) The Newspaper or Social Media Test. C) The Financial Gain Test. D) Asking if the action is legal. Show Answer Correct Answer: C) The Financial Gain Test. 17. What are ethical theories? A) Ethical theories are the rules and principles that determine right and wrong for any given situation. B) Ethical theories are the conduct that should be followed in order to have good ethical practices. C) Ethical theories are ancient hypothesis' on how to create good business practice. D) Ethical theories give guidelines on how to achieve a good corporate image. Show Answer Correct Answer: A) Ethical theories are the rules and principles that determine right and wrong for any given situation. 18. The Equal Pay Act of 1963 prohibits which of the following types of discrimination? A) Age-based wage discrimination. B) Gender-based wage discrimination. C) Discrimination against people with disabilities. D) Race discrimination. Show Answer Correct Answer: B) Gender-based wage discrimination. 19. Entrepreneurs that "cheat the system" when starting their businesses risk serious legal troubles in the future. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. If business is to operate in a society which is full of diverse and complicated problems, it may have A) Great chance of success. B) Little chance of success. C) No relation with success or failure. D) Little chance of failure. Show Answer Correct Answer: B) Little chance of success. 21. What is a Stakeholder? A) The obligation of the business to contribute to society. B) Any groups that have a stake-or a personal interest-in the performance and actions of an organization. C) The application of right and wrong, good and bad, in a business setting. D) A set of beliefs about right and wrong, good and bad. Show Answer Correct Answer: B) Any groups that have a stake-or a personal interest-in the performance and actions of an organization. 22. Corporate Social Responsibility (CSR) is purposely created by companies to contribute to sustainable development that is economically, socially, and environmentally that is beneficial to stakeholders. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. Describe the deontological approach to ethics. A) It suggests that all actions are morally equivalent. B) It prioritizes personal feelings over universal rules. C) The deontological approach to ethics emphasizes the morality of actions based on rules and duties, focusing on inherent rightness or wrongness rather than consequences. D) It focuses solely on the outcomes of actions. Show Answer Correct Answer: C) The deontological approach to ethics emphasizes the morality of actions based on rules and duties, focusing on inherent rightness or wrongness rather than consequences. 24. Fairness involves balancing the interests involved in all decision-making including decisions related to employees' hiring, firing, compensation, and reward system. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. An enterprise must behave as good citizens. This is an example of its responsibility towards. A) (a)Owners. B) B) workers. C) C) consumers. D) D) community. Show Answer Correct Answer: D) D) community. ← 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 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