This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. According to Peter Drucker, what should organizations first consider regarding their impact on society? A) Their profitability. B) What they can do for society. C) What they do to society. D) Their global expansion strategies. Show Answer Correct Answer: B) What they can do for society. 2. According to the text, what is the main reason why preserving the environment should be a permanent part of doing business? A) Consumer demand for environmentally safe products. B) Public opinion demanding unethical practices. C) Decreasing complexity of environmental regulations. D) Lenders ignoring environmental liabilities. Show Answer Correct Answer: A) Consumer demand for environmentally safe products. 3. Who chooses how to most effectively use resources in the U.S. economy? A) The government. B) Private organizations. C) Foreign investors. D) Non-profit organizations. Show Answer Correct Answer: B) Private organizations. 4. Behavior that is considered ethical in one culture may not be acceptable in another culture. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. What is the practice of designing products with a limited useful life, so they will become obsolete and require replacement? A) Sustainable development. B) Planned obsolescence. C) Corporate responsibility. D) Social audit. Show Answer Correct Answer: B) Planned obsolescence. 6. What (Negative) Filipino Values System encourages procrastination? A) Ningas Cogon. B) Mana Habit. C) Crab mentality. D) Grapevine. Show Answer Correct Answer: B) Mana Habit. 7. How is U.S. Business Activity structured? A) As a government-controlled system. B) As a private enterprise (free market). C) As a mixed economy. D) As a state-owned enterprise. Show Answer Correct Answer: B) As a private enterprise (free market). 8. How can the government help businesses besides regulating them? A) By setting prices for all products. B) By collecting and sharing data on consumers, markets, or competitors. C) By banning private companies. D) By controlling the stock market. Show Answer Correct Answer: B) By collecting and sharing data on consumers, markets, or competitors. 9. Which of the following best illustrates a company acting ethically? A) Respecting customer privacy. B) Falsifying financial records. C) Ignoring safety regulations. D) Discriminating against employees. Show Answer Correct Answer: A) Respecting customer privacy. 10. Some examples of poor ethics are: A) Being unpunctual and blowing the whistle. B) Lying and solving problems. C) Poor attendance and gossiping. D) Accountability and lying. Show Answer Correct Answer: C) Poor attendance and gossiping. 11. 'The application of moral principles, standards of behavior, or set of values regarding proper conduct in the workplace as individuals and as group setting' A) Bribe. B) Accountability. C) Ethics. D) Gossip. Show Answer Correct Answer: C) Ethics. 12. What is one method the government uses to assist private companies directly? A) By purchasing stocks in private companies. B) By providing free advertising for private companies. C) By buying goods and services from private companies. D) By offering free products to the public. Show Answer Correct Answer: C) By buying goods and services from private companies. 13. The most common issues in corporate governance is ..... A) Integrity and trustworthiness. B) Conflict of interest. C) All the above. D) None of the above. Show Answer Correct Answer: B) Conflict of interest. 14. These are significant factors in ethical decision-making A) Ethics and Corporate Culture. B) Branding and Marketing. C) Education and Age. D) Rewards and Recognition. Show Answer Correct Answer: A) Ethics and Corporate Culture. 15. What's ethics all about? A) An ethnic minority. B) A person who's a bit daft. C) Morally correct behaviour. D) Making lots of money out of customers, bleeding them dry!. Show Answer Correct Answer: C) Morally correct behaviour. 16. Convention means A) A large religious gathering. B) A habit or generally agreed practice. C) A part of international law. D) None of the above. Show Answer Correct Answer: B) A habit or generally agreed practice. 17. Which is not a reason a business engages in business ethics? A) To recover a company's image after a notorious business scandal. B) To enhance stakeholder relationships. C) To act with real commitment. D) To enhance global relationships. Show Answer Correct Answer: D) To enhance global relationships. 18. What does whistle-blowing refer to in a business context? A) Engaging in workplace romance. B) Misrepresenting print materials. C) Offering bribes to officials. D) Reporting unethical violations by employees. Show Answer Correct Answer: D) Reporting unethical violations by employees. 19. What does CSR mean? A) Company Social Reputation. B) Computer Security Regulations. C) Canine Secure Reality. D) Corporate Social Responsibility. Show Answer Correct Answer: D) Corporate Social Responsibility. 20. What are universal ethical standards? A) Ethical norms that apply to all people across a broad spectrum of situations. B) Rules specific to a particular culture. C) Guidelines for business conduct only. D) Standards that vary from person to person. Show Answer Correct Answer: A) Ethical norms that apply to all people across a broad spectrum of situations. 21. What does Interstate Commerce refer to? A) Business conducted internationally. B) Business conducted within local communities. C) Business conducted between two or more states. D) Business conducted within a single state. Show Answer Correct Answer: C) Business conducted between two or more states. 22. Who introduced the concept of Creating Shared Value (CSV)? A) Michael Porter and Mark Kramer. B) Peter Drucker. C) Milton Friedman. D) Henry Mintzberg. Show Answer Correct Answer: A) Michael Porter and Mark Kramer. 23. What is the term for the exchange of goods and services between countries? A) International trade. B) Domestic trade. C) Local trade. D) Barter trade. Show Answer Correct Answer: A) International trade. 24. What is the responsibility to give back to society and do good according to Carroll's CSR Pyramid? A) Legal. B) Economic. C) Ethical. D) Philanthropic. Show Answer Correct Answer: D) Philanthropic. 25. The following are examples of good ethics at the workplace A) Blow the whistle, stay productive, and set the example. B) Stay productive, being punctual, and lack of communication. C) Lying, being accountable, and gossiping. D) Critical thinking, setting the example, and falsifying information. Show Answer Correct Answer: A) Blow the whistle, stay productive, and set the example. ← PreviousNext →Related QuizzesClass 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 1Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 2Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 3Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 4Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 5Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 6Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 7Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 8Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 9Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books