This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Islam places greater importance on A) Being Honest. B) Being kind. C) Equality. D) All the options. Show Answer Correct Answer: D) All the options. 2. Which of the following is NOT an example of unethical behavior? A) False advertising. B) Insider trading. C) Paying fair wages. D) Bribing officials. Show Answer Correct Answer: C) Paying fair wages. 3. Actions for which a person or group of people can be held responsible for, either rewarded or liable for? A) Social responsibility. B) Personal accountability. C) Legal obligation. D) Moral duty. Show Answer Correct Answer: A) Social responsibility. 4. What term is used to describe the ethical principles and moral or ethical problems that arise in a business environment? A) Social Responsibility. B) Nonrenewable Resource. C) Ethics. D) Business Ethics. Show Answer Correct Answer: D) Business Ethics. 5. Media does not play important role in public life. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 6. What does the term "Corporate Governance" refer to in a business context A) Maximize shareholders wealth. B) B) The system of rules, practices, and processes by which a company is directed and controlled. C) C) Minimizing employee benefits. D) D) Ignoring environmental sustainability. Show Answer Correct Answer: B) B) The system of rules, practices, and processes by which a company is directed and controlled. 7. Sustainability A) The ability to maintain healthy environmental, social, and economic systems in balance. B) A method of increasing economic growth at the expense of the environment. C) A strategy focused solely on reducing carbon emissions. D) A temporary solution to environmental issues. Show Answer Correct Answer: A) The ability to maintain healthy environmental, social, and economic systems in balance. 8. What is the significance of whistleblowing in maintaining ethical standards within a company A) A) Encourages unethical behavior. B) ) Discourages transparency. C) C) Provides a mechanism for employees to report unethical practices. D) D) Prioritizes individual interests over organizational values. Show Answer Correct Answer: C) C) Provides a mechanism for employees to report unethical practices. 9. What is the role of a Code of Conduct in business ethics A) Encourages unethical behavior. B) Establishes guidelines for ethical behavior within the organization. C) Maximizes individual interests over organizational goals. D) Disregards employee well-being. Show Answer Correct Answer: B) Establishes guidelines for ethical behavior within the organization. 10. What is the impact of the misuse of artificially intelligent technologies on society? A) It promotes individual rights and privacy. B) It has no impact on society. C) It can lead to discrimination against minority members of society. D) It encourages technological advancements. Show Answer Correct Answer: C) It can lead to discrimination against minority members of society. 11. Mark figured out his teacher's password to unlock her electronic grade-book. What is the ethically correct thing for him to do? A) Tell the teacher so she may change it. B) Give the password to all the other students. C) Use the password to change his grades. D) Keep it to himself, if someone else figures out the password it is not his problem. Show Answer Correct Answer: A) Tell the teacher so she may change it. 12. Gold, iron ore, coal and oil are all examples of what? A) Regulation. B) Infinite resources. C) Commodities. D) Tradable permits. Show Answer Correct Answer: C) Commodities. 13. Which of the following is an example of a Public Utility? A) Social media platforms. B) Water, electric, and sewer services. C) Private transportation companies. D) International tourism agencies. Show Answer Correct Answer: B) Water, electric, and sewer services. 14. How do ethics and social responsibility relate? A) They are completely separate ideas. B) Ethics focuses on individuals; social responsibility applies to groups only. C) Ethics guide right and wrong; social responsibility applies those ethics to society and the environment. D) Social responsibility replaces ethics. Show Answer Correct Answer: C) Ethics guide right and wrong; social responsibility applies those ethics to society and the environment. 15. Why are utility companies heavily regulated by the government? A) To ensure high profits for the companies. B) To protect consumers from price gouging and an overpopulated market. C) To allow the companies to have a monopoly over the market. D) To encourage the privatization of public goods. Show Answer Correct Answer: B) To protect consumers from price gouging and an overpopulated market. 16. Which company is rated as having the best C S R reputation by consumers? A) The Lego Group. B) Walt Disney Company. C) Microsoft. D) Google. Show Answer Correct Answer: A) The Lego Group. 17. What does "business ethics" refer to? A) Maximizing profits at any cost. B) The principles and values that guide business behavior. C) Government regulations on business operations. D) Employee productivity and efficiency. Show Answer Correct Answer: B) The principles and values that guide business behavior. 18. A company reducing its energy consumption to lower costs and decrease environmental impact is an example of: A) Corporate Negligence. B) Traditional Profit Maximization. C) Creating Shared Value (CSV). D) Corporate Social Responsibility (CSR). Show Answer Correct Answer: C) Creating Shared Value (CSV). 19. In what way are ethics maintained according to the text? A) By adhering to established moral principles and guidelines. B) By relying solely on legal regulations. C) By following personal beliefs and opinions. D) By ignoring societal norms and values. Show Answer Correct Answer: A) By adhering to established moral principles and guidelines. 20. What is the main role of "Principles" ? A) To define what is good. B) To give life to values and principles. C) To generate profit. D) To outline how values may or may not be achieved. Show Answer Correct Answer: D) To outline how values may or may not be achieved. 21. What is a timely ethical issue related to the environment? A) The 2008 subprime lending crisis. B) The development of the European Union. C) The rise of artificial intelligence. D) Climate change and the environment. Show Answer Correct Answer: D) Climate change and the environment. 22. Three perspectives of stakeholders theory are normative, descriptive, and ..... A) Urgency. B) Instrumental. C) All the above. D) None of the above. Show Answer Correct Answer: B) Instrumental. 23. Deceptive Advertising A) Advertising that accurately represents the truth about a product or service. B) Advertising that misleads or misrepresents the truth about a product or service. C) Advertising that only promotes products with scientific evidence. D) Advertising that is solely based on customer testimonials. Show Answer Correct Answer: B) Advertising that misleads or misrepresents the truth about a product or service. 24. Which of the following is a socially responsible business practice? A) Ignoring environmental laws. B) Recycling and reducing waste. C) Paying workers below minimum wage. D) Making false product claims. Show Answer Correct Answer: B) Recycling and reducing waste. 25. Why is a business code of conduct important for an organization? A) To ignore legal compliance and ethical standards. B) To encourage unhealthy competition and toxic work environment. C) To discourage employee morale and productivity. D) To set ethical standards, promote a positive work culture, and ensure legal compliance. Show Answer Correct Answer: D) To set ethical standards, promote a positive work culture, and ensure legal compliance. ← 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 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