This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 12 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the responsibility to act morally and ethically correct according to Carroll's CSR Pyramid? A) Legal. B) Philanthropic. C) Economic. D) Ethical. Show Answer Correct Answer: D) Ethical. 2. Which term refers to the obligation of an organization to contribute to society? A) Nonrenewable Resource. B) Ethics. C) Business Ethics. D) Social Responsibility. Show Answer Correct Answer: D) Social Responsibility. 3. A manager hires his wife's young nephew instead of hiring a more qualified applicant. This is A) Cronyism. B) Conflict of Interest. C) Nepotism. D) The way the world works. Show Answer Correct Answer: C) Nepotism. 4. How can businesses promote a culture of ethical behavior among their employees? A) Punishing employees for reporting unethical behavior. B) Not providing any ethics training. C) Ignoring unethical behavior. D) Setting clear ethical standards, providing ethics training, leading by example, and implementing a system for reporting unethical behavior. Show Answer Correct Answer: D) Setting clear ethical standards, providing ethics training, leading by example, and implementing a system for reporting unethical behavior. 5. Greenpeace, Campaign Against Arms Trade and Corporate Watch are examples of what? A) Public Limited Companies. B) Pressure groups. C) Trade unions. D) Multinational companies. Show Answer Correct Answer: B) Pressure groups. 6. Which of the following is one of the four pillars of a business's social responsibility A) Political responsibility. B) Economic responsibility. C) Media responsibility. D) Universal responsibility. Show Answer Correct Answer: B) Economic responsibility. 7. What is one potential benefit for businesses that prioritize social responsibility? A) Enhanced public image. B) Higher rates of unethical behavior. C) Reduced employee engagement. D) Increased legal risks. Show Answer Correct Answer: A) Enhanced public image. 8. Stakeholders A) Individuals or groups that have an interest in the outcome of a business's actions, including employees, customers, suppliers, and the community. B) Only employees of a business who are affected by its decisions. C) Customers who purchase products but have no influence on business decisions. D) Suppliers who provide materials but are not affected by the business's actions. Show Answer Correct Answer: A) Individuals or groups that have an interest in the outcome of a business's actions, including employees, customers, suppliers, and the community. 9. What is the role of business ethics in enhancing company reputation? A) To attract more customers. B) To improve employee morale. C) To recover from a public scandal. D) None of the above. Show Answer Correct Answer: C) To recover from a public scandal. 10. Being ethical can bring benefits to businesses ..... A) Higher costs to pay higher wages to workers and providing a safe working environment. B) Workers trust their employer, increasing motivation, productivity and retention which reduces costs. C) All the above. D) None of the above. Show Answer Correct Answer: B) Workers trust their employer, increasing motivation, productivity and retention which reduces costs. 11. How do we prevent unethical behavior? A) Set realistic goals for employees. B) Encourage competition among staff. C) Ignore minor infractions. D) Promote secrecy in decision-making. Show Answer Correct Answer: A) Set realistic goals for employees. 12. BONUS QUESTION:What is the International standard for Corporate Social Responsibility (CSR)? A) ISO 9001. B) ISO 26000. C) ISO 14001. D) ISO 27001. Show Answer Correct Answer: B) ISO 26000. 13. ..... involves managers applying internal policies, rules, and regulations as well as stipulated government laws to manage ethical issues. A) Ethical Management. B) Management of Ethics. C) All the above. D) None of the above. Show Answer Correct Answer: B) Management of Ethics. 14. How is price determined in the U.S. economy? A) By the government. B) By a central planning committee. C) By businesses and consumers acting through the economy. D) By international market forces. Show Answer Correct Answer: C) By businesses and consumers acting through the economy. 15. Treating employees fairly means the company is likely to show what turnover (employee retention) results? A) High. B) Low. C) Moderate. D) Concentrated. Show Answer Correct Answer: B) Low. 16. What is one way that ethicists, business leaders, and consumers can support moral self-regulation of technologies? A) Supporting the misuses of technology for individual rights and privacy. B) Adopting ethics boards to safeguard against harmful social uses of AI technologies. C) Promoting the use of faulty algorithms in institutions. D) Encouraging discrimination against minority members of society. Show Answer Correct Answer: B) Adopting ethics boards to safeguard against harmful social uses of AI technologies. 17. Anything which is not good for the individual or society is called? A) Normative. B) Positive. C) Negative. D) None of the options. Show Answer Correct Answer: C) Negative. 18. Management should reward good values and accomplishments of their employees A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 19. Who can make local laws in regards to how a business may function in their community? A) Interstate Commerce. B) Intrastate Commerce. C) Federal Government. D) Local Governments. Show Answer Correct Answer: D) Local Governments. 20. Who is known as the Gad-fly of the Marketplace? A) Socrates. B) Plato. C) Aristotle. D) Betham and Mill. Show Answer Correct Answer: A) Socrates. 21. What is globalization in the context of business? A) A strategy to limit business activities to a single country. B) The process of expanding business operations and activities internationally. C) A focus on domestic markets only. D) The avoidance of international trade. Show Answer Correct Answer: B) The process of expanding business operations and activities internationally. 22. What does the acronym CSR stand for A) Customer Service Recognition. B) Corporate Sustainability Report. C) Corporate Social Responsibility. D) Cost Savings and Revenue. Show Answer Correct Answer: C) Corporate Social Responsibility. 23. What is the relationship between C S R and corporate financial performance according to research? A) Negative correlation. B) Positive correlation. C) No relationship. D) U-shaped. Show Answer Correct Answer: D) U-shaped. 24. Which of these is an example of Government Protections in regards to the workplace? A) Right to privacy. B) Safe work environment. C) Freedom of speech. D) Right to vote. Show Answer Correct Answer: B) Safe work environment. 25. Marketing Ethics A) The principles and standards that define acceptable conduct in marketing practices. B) A set of rules for advertising on social media. C) Guidelines for pricing strategies in retail. D) The legal requirements for product labeling. Show Answer Correct Answer: A) The principles and standards that define acceptable conduct in marketing practices. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books