This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. EXPAND CSR A) Cultural society responsibility. B) Corporate society regionality. C) Corporate social responsibility. D) Company status responsibility. Show Answer Correct Answer: C) Corporate social responsibility. 2. What is one example of CSR mentioned in the text? A) Company reducing its carbon footprint. B) Company increasing employee salaries. C) Company launching a new product line. D) Company donating to local charities. Show Answer Correct Answer: D) Company donating to local charities. 3. What is the significance of corporate social responsibility in business ethics? A) It is the primary focus of business ethics. B) It is not relevant to business ethics. C) It is a potential benefit of practicing business ethics. D) None of the above. Show Answer Correct Answer: C) It is a potential benefit of practicing business ethics. 4. Why should entrepreneurs include ethics in their business plan? A) It looks professional. B) It helps ensure decisions align with values and build trust. C) It guarantees profit. D) It is required by law. Show Answer Correct Answer: B) It helps ensure decisions align with values and build trust. 5. Who proclaims that organizations have tremendous social obligations? A) Milton Friedman. B) Anik Ratnaningsih. C) Ralph Nader. D) Fred R. David. Show Answer Correct Answer: C) Ralph Nader. 6. What does integrity demonstrate? A) Fair dealings with customers and vendors including competitive pricing, timely payments and highest quality standards in the manufacture of its products. B) A focus on maximizing profits at any cost, regardless of the impact on stakeholders. C) The ability to manipulate information to achieve desired outcomes. D) A commitment to transparency only when it benefits the company. Show Answer Correct Answer: A) Fair dealings with customers and vendors including competitive pricing, timely payments and highest quality standards in the manufacture of its products. 7. Why is CSR considered an organizational issue? A) CSR is only relevant for large corporations. B) CSR is primarily a marketing strategy. C) CSR impacts business operations, stakeholder relationships, and long-term sustainability. D) CSR has no effect on employee morale. Show Answer Correct Answer: C) CSR impacts business operations, stakeholder relationships, and long-term sustainability. 8. Which action would NOT be considered socially responsible for a business? A) Implementing fair labor practices. B) Dumping waste illegally. C) Reducing energy consumption. D) Supporting local charities. Show Answer Correct Answer: B) Dumping waste illegally. 9. ..... requires a manager to not only be a role model through visible action but also his authority to establish a work environment that promotes ethical behavior. A) Moral manager. B) Moral person. C) All the above. D) None of the above. Show Answer Correct Answer: A) Moral manager. 10. The ethics that involves arriving at moral standards that regulate right and wrong conduct A) Meta. B) Beta. C) Normative. D) Applied. Show Answer Correct Answer: C) Normative. 11. What (Negative) Filipino Values System refers to exert half-hearted effort in undertakings? A) Ningas Cogon. B) Mana Habit. C) Crab mentality. D) Grapevine. Show Answer Correct Answer: A) Ningas Cogon. 12. What is one potential harmful consequence of the misuses of artificially intelligent technologies mentioned in the text? A) Discrimination against minority members of society. B) Promotion of individual rights and privacy. C) Encouragement of technological advancements. D) Support for ethical practices in corporate social responsibility. Show Answer Correct Answer: A) Discrimination against minority members of society. 13. What is the role of AACSB (Association to Advance Collegiate Schools of Business) in promoting business ethics? A) It advocates for the human dimension of business, with attention to ethics, diversity, and personal well-being. B) It promotes the use of faulty algorithms in institutions. C) It supports the misuses of technology for individual rights and privacy. D) It encourages discrimination against minority members of society. Show Answer Correct Answer: A) It advocates for the human dimension of business, with attention to ethics, diversity, and personal well-being. 14. What happens if employees are expected to meet unreachable goals? A) They could engage in unethical behavior to reach those goals. B) They will likely exceed their targets. C) They will feel more motivated to work harder. D) They will receive bonuses for their efforts. Show Answer Correct Answer: A) They could engage in unethical behavior to reach those goals. 15. What (Negative) Filipino Value system refers to the behavior of preventing someone from achieving something due to jealousy or envy? A) Ningas Cogon. B) Mana Habit. C) Crab mentality. D) Grapevine. Show Answer Correct Answer: C) Crab mentality. 16. Information needs to be all of the following EXCEPT? A) Accurate. B) Timely. C) Irrelevant. D) Usable. Show Answer Correct Answer: C) Irrelevant. 17. What is an example of a recent historical crisis that illustrates the continuing relevance and importance of business ethics? A) The rise of artificial intelligence. B) The development of the European Union. C) The environmental impact of climate change. D) The 2008 subprime lending crisis. Show Answer Correct Answer: D) The 2008 subprime lending crisis. 18. Fair Trade A) A movement that advocates for fair prices and ethical treatment for producers in developing countries. B) A system that promotes free trade without any regulations. C) An initiative to reduce the prices of goods in developed countries. D) A program that focuses on increasing profits for large corporations. Show Answer Correct Answer: A) A movement that advocates for fair prices and ethical treatment for producers in developing countries. 19. Why is it important for businesses to be socially accountable? A) It helps businesses avoid taxes and regulations. B) It allows businesses to focus solely on profits. C) It is important for businesses to build trust, enhance reputation, and promote ethical practices. D) It reduces the need for employee training and development. Show Answer Correct Answer: C) It is important for businesses to build trust, enhance reputation, and promote ethical practices. 20. What is not something you ask yourself when faced with an ethical dilemma: A) Is it legal? Will I go to jail?. B) What's in it for me?. C) Is it against school/company policy?. D) How will others be affected by my actions?. Show Answer Correct Answer: B) What's in it for me?. 21. A company's code of ethics is: A) A set of laws passed by the government. B) A list of penalties for employees. C) A formal statement of the company's values and ethical standards. D) A marketing plan. Show Answer Correct Answer: C) A formal statement of the company's values and ethical standards. 22. All organizations by default fulfill ..... responsibility. A) Social. B) Legal. C) Ehical. D) Economic. Show Answer Correct Answer: D) Economic. 23. Why is borrowing by selling bonds considered the least risky type of debt for the U.S. Government? A) Because it has a high interest rate. B) Because it is backed up by the "full faith and credit" of the U.S. Government. C) Because it is unsecured debt. D) Because it is only sold to foreign governments. Show Answer Correct Answer: B) Because it is backed up by the "full faith and credit" of the U.S. Government. 24. Engaging stakeholders in a way that creates mutual value is characteristic of: A) Corporate Philanthropy. B) Compliance Management. C) Corporate Social Responsibility (CSR). D) Creating Shared Value (CSV). Show Answer Correct Answer: D) Creating Shared Value (CSV). 25. According to the shareholder concept, what is the only responsibility of business towards society? A) To minimize environmental impact. B) To create shareholder wealth. C) To provide social welfare programs. D) To maximize employee satisfaction. Show Answer Correct Answer: B) To create shareholder wealth. ← 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 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 10Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books