This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which term refers to the obligation of a company to act in ways that benefit society at large? A) Planned obsolescence. B) Social responsibility. C) Green marketing. D) Cause-related marketing. Show Answer Correct Answer: B) Social responsibility. 2. Shared values, norms, and artifacts that influence employees and determine behavior? A) Cultural Audit. B) Organizational Culture. C) Ethics. D) Compliance. Show Answer Correct Answer: B) Organizational Culture. 3. Which of the following best describes the concept of 'Sustainability' in business? A) Focusing solely on short-term profits. B) Balancing economic, social, and environmental needs. C) Expanding market share rapidly. D) Reducing employee benefits to cut costs. Show Answer Correct Answer: B) Balancing economic, social, and environmental needs. 4. How can a conflict of interest impact ethical decision making in a business setting? A) By promoting fair and impartial decision making. B) By increasing transparency and accountability. C) By leading to biased decision making. D) By reducing the need for ethical considerations. Show Answer Correct Answer: C) By leading to biased decision making. 5. ..... guides everyone to embrace ethical practices and to deal with ethical issues. A) Compliance manual. B) Code of ethical conduct. C) All the above. D) None of the above. Show Answer Correct Answer: B) Code of ethical conduct. 6. Which of the following is NOT a way the government pays for things? A) Income Taxes. B) Property Taxes. C) Selling Bonds. D) Printing more money. Show Answer Correct Answer: D) Printing more money. 7. Social Responsibility A) The obligation of businesses to act in the best interests of their environment and society as a whole. B) The practice of maximizing profits at any cost. C) The requirement to follow government regulations only. D) The focus on short-term gains over long-term sustainability. Show Answer Correct Answer: A) The obligation of businesses to act in the best interests of their environment and society as a whole. 8. What does ethical business adhere to? A) Laws and regulations at local, state, and federal levels. It treats its employees fairly, communicating with them honestly and openly. B) Maximizing profits at any cost, regardless of the impact on employees or the community. C) Following only the federal laws while ignoring state and local regulations. D) Prioritizing shareholder interests over employee welfare and community relations. Show Answer Correct Answer: A) Laws and regulations at local, state, and federal levels. It treats its employees fairly, communicating with them honestly and openly. 9. Which of the following is an ethical issue in business? A) Deciding on a new product name. B) Choosing suppliers based on personal relationships. C) Calculating profit margins. D) Researching new markets. Show Answer Correct Answer: B) Choosing suppliers based on personal relationships. 10. The four types of social responsibility include: A) Legal, Philanthropic, Economic, And Ethical. B) Ethical, Moral, Social, And Economic. C) Philanthropic, Justice, Economic, and Ethical. D) Legal, Moral, Ethical, and Economic. Show Answer Correct Answer: A) Legal, Philanthropic, Economic, And Ethical. 11. What (Negative) Filipino Value System refers to straining his own finances just to impress his guests? A) Excessive parting. B) Filipino Time. C) Penchant of Law breaking. D) Bahala Na. Show Answer Correct Answer: A) Excessive parting. 12. Does the government regulate business practices and utilities in the U.S.? A) No, there is no regulation at all. B) Yes, but only for utilities. C) Yes, but only for business practices. D) Yes, the government does regulate certain business practices and utilities. Show Answer Correct Answer: D) Yes, the government does regulate certain business practices and utilities. 13. Which of the following is an example of an area where business ethics apply? A) Conduct of international operations. B) Nowhere. C) In the personal liffe of staff. D) None of the above. Show Answer Correct Answer: A) Conduct of international operations. 14. Which of the following statement employs concept of Corporate Social Responsibility? CSR is ..... A) Good stewardship of the environment while doing business. B) Only applicable to BIG companies as MSME can't afford the cost of CSR. C) The way business projects balance in handling environment concern though Press Releases. D) Brand enhancement, market differentiation and employee satisfaction in order employ good business deals. Show Answer Correct Answer: A) Good stewardship of the environment while doing business. 15. What are the potential consequences of not addressing unethical behavior in the workplace? A) Higher profits and business growth. B) Increased productivity and employee satisfaction. C) Toxic work environment, decreased morale, loss of trust in leadership, and potential legal consequences. D) Improved teamwork and collaboration. Show Answer Correct Answer: C) Toxic work environment, decreased morale, loss of trust in leadership, and potential legal consequences. 16. Business Social Responsibility are duties and obligations of business which contribute to the well-being of society. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 17. Which of the following is NOT a stakeholder of a business? A) Competitors. B) Employees. C) Customers. D) Investors. Show Answer Correct Answer: A) Competitors. 18. Which of the following sentences uses the term 'ethical' correctly? A) The company's ethical was questioned after the scandal. B) She made an ethical decision to report the misconduct. C) They were ethical about the new product launch. D) Ethical is important for business success. Show Answer Correct Answer: B) She made an ethical decision to report the misconduct. 19. Which of the following actions demonstrates ethical leadership? A) Setting rules but not following them. B) Ignoring employees' safety concerns. C) Acting with honesty and fairness in decision-making. D) Hiding financial losses. Show Answer Correct Answer: C) Acting with honesty and fairness in decision-making. 20. If a lack of ethics in a business becomes public knowledge, what does that business lose? A) Company credibility. B) Increased profits. C) Market share. D) Employee satisfaction. Show Answer Correct Answer: A) Company credibility. 21. Corporate social responsibility (CSR) means A) Companies respect their workforce in every country the same way. B) Companies show responsibility to society that go beyond the legal requirements. C) Companies pay the minimum wage and obey working time rules. D) None of the above. Show Answer Correct Answer: B) Companies show responsibility to society that go beyond the legal requirements. 22. Which is not an advantage of starting a business ethically? A) Greater support from customers and supplier. B) Decreased risk of lawsuits and other legal problems. C) Unhappy communities. D) Happier and more engaged employees. Show Answer Correct Answer: C) Unhappy communities. 23. What can put pressure on businesses to behave in a socially responsible way? A) Investors. B) Media coverage. C) Government actions. D) Consumer actions. Show Answer Correct Answer: D) Consumer actions. 24. What were the consequences for the ethical choice? A) Immediate financial gain. B) Long-term respect and credibility. C) Short-term challenges and difficulties. D) Quick resolution of the situation. Show Answer Correct Answer: B) Long-term respect and credibility. 25. What role do individuals play in maintaining ethics? A) Individuals have no impact on ethical standards. B) Ethics are solely determined by laws and regulations. C) Individuals play a crucial role in upholding and promoting ethical standards through their actions and decisions. D) Only organizations are responsible for maintaining ethics. Show Answer Correct Answer: C) Individuals play a crucial role in upholding and promoting ethical standards through their actions and decisions. ← 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 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