This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Ethical business practices include all of the following EXCEPT: A) Fair treatment of employees. B) Honest advertising. C) Environmental sustainability. D) Exploiting loopholes in tax laws. Show Answer Correct Answer: D) Exploiting loopholes in tax laws. 2. Which moral problem is solved by Utilitarianism? A) What makes actions morally right or morally wrong?. B) What is the best way of doing things?. C) What is the best economic choice?. D) How is it possibile to produce a good without wasting resources?. Show Answer Correct Answer: A) What makes actions morally right or morally wrong?. 3. Which choice would be considered unethical? A) Taking a calculated risk. B) Prioritizing personal gain over professional ethics. C) Making a decision based on data analysis. D) Consulting with a mentor before making a decision. Show Answer Correct Answer: B) Prioritizing personal gain over professional ethics. 4. Business Organisation should protect health and provide safety measures to ..... A) Owners. B) Employees. C) Investers. D) None of the above. Show Answer Correct Answer: B) Employees. 5. Green Marketing A) Promoting products based on their environmental benefits. B) Marketing strategies that focus solely on profit. C) Advertising products without any environmental claims. D) Promoting products that are cheaper than competitors. Show Answer Correct Answer: A) Promoting products based on their environmental benefits. 6. How does an ethical demonstrate respect to its employees? A) By valuing opinions and treating each employee as an equal. B) By prioritizing profits over employee well-being. C) By enforcing strict hierarchies and roles. D) By ignoring employee feedback and suggestions. Show Answer Correct Answer: A) By valuing opinions and treating each employee as an equal. 7. 'To blow the whistle' A) To accuse your coworkers. B) To make a party. C) To make noise. D) To alert the management of possible bad behavior. Show Answer Correct Answer: D) To alert the management of possible bad behavior. 8. Having higher ethical standards that may mean less profit A) Markets. B) Comparative advantage. C) Trade-offs. D) Ethics. Show Answer Correct Answer: C) Trade-offs. 9. Davis's model of Corporate Social Responsibility consists of ..... propositions. A) 6. B) 5. C) All the above. D) None of the above. Show Answer Correct Answer: B) 5. 10. Social Responsibility is border than legal responsibility. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. How does organizational culture influence employees? A) It has no influence on employees. B) It influences the ethical conduct of individual employees. C) It determines the salary of employees. D) It affects only the productivity of employees. Show Answer Correct Answer: B) It influences the ethical conduct of individual employees. 12. Which of the following actions helps in eliminating the bitterness between the employer and employees? A) Freedom to business. B) Fair treatment of workers. C) Develop ideas. D) Fake business transactions. Show Answer Correct Answer: B) Fair treatment of workers. 13. What is the core meaning of "Social Responsibility" for individuals and companies? A) Prioritizing personal gain above all societal concerns. B) A duty to act in the best interest of their environment and society as a whole. C) Solely focusing on internal employee well-being. D) Adhering strictly to minimal legal requirements only. Show Answer Correct Answer: B) A duty to act in the best interest of their environment and society as a whole. 14. Which of the following is an ethical business practice? A) Misleading advertising. B) Using unsafe materials to lower costs. C) Honesty in financial reporting. D) Exploiting workers in other countries. Show Answer Correct Answer: C) Honesty in financial reporting. 15. What does "import" mean in the context of global business? A) Selling products to other countries. B) Buying products from other countries. C) Manufacturing products locally. D) Distributing products in the domestic market. Show Answer Correct Answer: B) Buying products from other countries. 16. The term 'Ethics' is derived from the ..... word 'ethos' which means character. A) Latin. B) French. C) Greek. D) None of the above. Show Answer Correct Answer: C) Greek. 17. Is there a precise definition of CSR? Why or why not? A) CSR is defined as only environmental responsibility. B) Yes, CSR has a universally accepted definition. C) No, there is not a precise definition of CSR. D) CSR is a legal requirement for all companies. Show Answer Correct Answer: C) No, there is not a precise definition of CSR. 18. This stage of the decision making process allows an organization to assess the outcome of the decision taken. A) Implementation. B) Evaluation. C) Analysis and Evaluation. D) Assessing different alternatives. Show Answer Correct Answer: B) Evaluation. 19. What are the two types of court systems? A) Federal vs. State. B) Civil vs. Criminal. C) Public vs. Private. D) International vs. National. Show Answer Correct Answer: B) Civil vs. Criminal. 20. What is the accrediting national body of business schools that advocates for the human dimension of business, with attention to ethics, diversity, and personal well-being? A) The European Union. B) NGOs (nongovernmental organizations). C) AACSB (Association to Advance Collegiate Schools of Business). D) The United Nations. Show Answer Correct Answer: C) AACSB (Association to Advance Collegiate Schools of Business). 21. Set of written standard issued by an organization to govern behavior and assist employees in conducting their actions. A) Mission Statement. B) Code of Ethics. C) Principle of Workplace Behavior. D) Policies and Procedure Manual. Show Answer Correct Answer: B) Code of Ethics. 22. This stage of the decision making process allows an organization to weigh the benefits and drawbacks of each strategies and ultimately selecting one. A) Implementation. B) Evaluation. C) Analysis and Evaluation. D) Assessing different alternatives. Show Answer Correct Answer: D) Assessing different alternatives. 23. Why are ethics important to entrepreneurs? A) They prevent innovation. B) They help build trust with customers and employees. C) They guarantee higher profits. D) They only apply to large corporations. Show Answer Correct Answer: B) They help build trust with customers and employees. 24. Code of conduct is A) A statement that guides the behaviour of a company and its employees. B) The way code our communication, i.e. language. C) Unwritten rules of workplace etiquette. D) None of the above. Show Answer Correct Answer: A) A statement that guides the behaviour of a company and its employees. 25. What is the key argument for businesses focusing on meeting the needs of shareholders rather than wider societal needs? A) Opportunity cost of spending lots of time on CSR. B) CSR stifles innovation and growth. C) Businesses cannot decide what is in society's interest. D) The only social responsibility of business is to create shareholder wealth. Show Answer Correct Answer: D) The only social responsibility of business is to create shareholder wealth. 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