This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 6 Social Responsibilities Of Business And Business Ethics Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. To buy shares, property, or goods because you hope that the value will increase and you can make a profit A) Violate. B) Interests. C) Invest. D) Atmosphere. Show Answer Correct Answer: C) Invest. 2. Ethical businesses attract loyal customers and improve brand reputation. A) CONSUMER TRUST. B) INVESTOR CONFIDENCE. C) LONG-TERM PROFITABILITY. D) None of the above. Show Answer Correct Answer: A) CONSUMER TRUST. 3. The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to A) Determine the norms that relate to the situation. B) Determine the most appropriate moral values. C) Gather the relevant factual information. D) Determine the implications of breaching the activity or policy. Show Answer Correct Answer: C) Gather the relevant factual information. 4. Which of the following best defines 'corporate governance'? A) The system by which companies are directed and controlled. B) The process of managing a company's finances. C) The strategy for marketing a company's products. D) The method of recruiting new employees. Show Answer Correct Answer: A) The system by which companies are directed and controlled. 5. When speaking to a large audience, what should be avoided? A) Using acronyms. B) Thanking the host and the audience. C) Using a microphone. D) Promoting a book the speaker wrote. Show Answer Correct Answer: A) Using acronyms. 6. This refers to the effort of the business organization to balance between maintaining the needs of the present and the ability of future generations to meet their needs through the preservation of the environment. A) Sustainable development. B) Philanthropic social responsibility. C) Legal responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: A) Sustainable development. 7. Guides the individual on proper conduct that is imposed by society and moral duties. A) Social Responsibilities. B) General Ethics. C) Ethics. D) Professional Ethics. Show Answer Correct Answer: B) General Ethics. 8. Which of the following is a true statement about ethical business practices: A) They do not guarantee positive outcomes. B) They are more difficult to undertake than unethical practices. C) They are all under government regulation. D) They ensure that a business will succeed. Show Answer Correct Answer: A) They do not guarantee positive outcomes. 9. What are moral principles that governs behavior? A) Facts. B) Ethics. C) Codes. D) Social responsibilities. Show Answer Correct Answer: B) Ethics. 10. The activity of buying and selling goods or services A) Money laundering. B) Trade. C) Invoice. D) Bribery. Show Answer Correct Answer: B) Trade. 11. Social responsibility is A) Narrower than legal responsibility. B) Seemas legal responsibility. C) Broader than legal responsibility. D) None of the above. Show Answer Correct Answer: C) Broader than legal responsibility. 12. Ethical choices are made based on moral principles and values while legal choices are made according to the law. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. A business suddenly moves its operations to a new town, leaving its current employees jobless. Its reason for taking this action, which some consider unethical, might be that the action A) Benefits the community. B) Is not illegal. C) Is committed by unethical employees. D) Doesn't hurt anyone. Show Answer Correct Answer: B) Is not illegal. 14. Which of the following are the example of unethical business practices? A) Follow rules and regulations. B) Emphasize honesty in workplace. C) Respect for Intellectual Property. D) Misusing company time. Show Answer Correct Answer: D) Misusing company time. 15. To disobey or do something against an official agreement, law, principle etc A) Invest. B) Violate. C) Bankrupt. D) Code. Show Answer Correct Answer: B) Violate. 16. The basic justification of ethics is to ..... A) Maximize profitability. B) Behave according to agreed rules. C) Build a commercial reputation. D) All of the above. Show Answer Correct Answer: B) Behave according to agreed rules. 17. What is business ethics? A) Defined as decisions that organizations make on issues that could be considered right or wrong. B) Ethics that can be applied to an organization's practices. C) The study of business situations, activities and decisions where issues of right and wrong are addressed. D) Ethical processes businesses use in order to achieve a good ethical standard. Show Answer Correct Answer: C) The study of business situations, activities and decisions where issues of right and wrong are addressed. 18. This concept emphasizes the business expectations to fulfill their economic goal within the legal framework. A) Economic responsibilities. B) Ethical responsibilities. C) Legal responsibilities. D) Discretionary responsibilities. Show Answer Correct Answer: C) Legal responsibilities. 19. The principle for resolving an ethical dilemma that considers 'do unto others as you would have them do unto you' is the ..... A) Golden Rule. B) Rules-based approach. C) Formative approach. D) Egocentric rule. Show Answer Correct Answer: A) Golden Rule. 20. Kathy downloaded a few photos of local organic farms from Flickr.com's Creative Commons (CC). She follows the rules of the photographers' CC licenses and uses them in a digital video about sustainable agriculture. What she has done is legal. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. What is the doctrine that consumers were generally subject to, meaning "let the buyer beware" ? A) Consumerism. B) Caveat Emptor. C) Whistle Blowing. D) Conflict of Interest. Show Answer Correct Answer: B) Caveat Emptor. 22. Where should your phone be placed during a business meeting with a potential client? A) Out of sight. B) On the table. C) At your ear. D) By your computer. Show Answer Correct Answer: A) Out of sight. 23. Obedience to local national and applicable international laws is included in legal responsibility and inherent to: A) Corporate Code. B) Business Conduct and Codes of Ethics. C) Corporate Governance Practices. D) None of the above. Show Answer Correct Answer: C) Corporate Governance Practices. 24. Brett, a clothing store manager, is constantly giving one employee, Jared, the best shifts and never disciplines him when he is late to work. This favoritism is an example of ..... deviance. A) Production. B) Property. C) Political. D) Personal. Show Answer Correct Answer: C) Political. 25. What is a whistleblower? A) An employee who reports unethical or illegal activities within the organization. B) A manager who enforces company policies. C) A consultant hired to improve business processes. D) None of the above. Show Answer Correct Answer: A) An employee who reports unethical or illegal activities within the organization. ← 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 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