This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the term for a set of guidelines designed to set out acceptable behaviors for members of a particular group, association, or profession? A) Whistle-blowers. B) Code of ethics. C) Social audit. D) Consumerism. Show Answer Correct Answer: B) Code of ethics. 2. What happens to untrained employees? A) They consistently exceed performance expectations. B) They require constant supervision to complete tasks. C) They consistently cut corners and make excuses for not completing work up to the standards the business requires. D) They quickly adapt to the company's standards and procedures. Show Answer Correct Answer: C) They consistently cut corners and make excuses for not completing work up to the standards the business requires. 3. What does the term "Whistleblower Protection" refer to in the context of business ethics? A) Encourages unethical behavior. B) Legal safeguards for individuals reporting misconduct within an organization. C) Disregarding employee well-being. D) Promoting biased decision-making. Show Answer Correct Answer: B) Legal safeguards for individuals reporting misconduct within an organization. 4. What is the term used to describe materials or energy sources that cannot be replenished within a human lifespan? A) Social Responsibility. B) Nonrenewable Resource. C) Code of Ethics. D) Business Ethics. Show Answer Correct Answer: B) Nonrenewable Resource. 5. What are business ethics guided by? A) Mostly by law, other times provide a basic framework that businesses may choose to follow in order to gain public approval. B) Primarily by market trends and consumer preferences. C) Solely by the company's internal policies and procedures. D) Exclusively by the opinions of the company's stakeholders. Show Answer Correct Answer: A) Mostly by law, other times provide a basic framework that businesses may choose to follow in order to gain public approval. 6. Corporate Social Responsibility (CSR) A) A business model that helps a company be socially accountable to itself, its stakeholders, and the public. B) A strategy focused solely on maximizing profits for shareholders. C) A marketing tactic to improve brand image without real commitment. D) A legal requirement for all corporations to follow ethical practices. Show Answer Correct Answer: A) A business model that helps a company be socially accountable to itself, its stakeholders, and the public. 7. What is a Public Utility? A) A private organization that supplies luxury products. B) An organization that supplies a service or product vital to all people. C) A government agency that provides entertainment services. D) A non-profit organization that offers free services to the public. Show Answer Correct Answer: B) An organization that supplies a service or product vital to all people. 8. Think about mistakes as opportunities to learn A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 9. What is the difference between shareholders and stakeholders? A) A shareholder is anybody who can affect or is affected by an organisation. A stakeholder owns part of a public company through shares of stock. B) A shareholder owns part of a public company through shares of stock. A stakeholder is anybody who can affect or is affected by an organisation. C) All the above. D) None of the above. Show Answer Correct Answer: B) A shareholder owns part of a public company through shares of stock. A stakeholder is anybody who can affect or is affected by an organisation. 10. The Golden Rule of Life means ..... A) "do to others what you want others to do to you". B) "how one lives on earth, and what lies beyond this finite mortal existence". C) All the above. D) None of the above. Show Answer Correct Answer: A) "do to others what you want others to do to you". 11. This obligation relates to which of the following stakeholder? Lessen displacement caused by the building of factories or roadways. A) Community. B) Employees. C) Shareholders. D) Consumers. Show Answer Correct Answer: A) Community. 12. It must protect the natural environment and should avoid bad, effluent, smoky chimneys" . It is a responsibility of an organization towards ..... A) Government. B) Shareholders. C) Customers. D) Community. Show Answer Correct Answer: D) Community. 13. What is the impact of ethical business practices on stakeholder relationships? A) It has no impact on stakeholder relationships. B) It enhances trust and collaboration with stakeholders. C) It leads to conflicts with stakeholders. D) None of the above. Show Answer Correct Answer: B) It enhances trust and collaboration with stakeholders. 14. Corporate Social Responsibility (CSR) is an example of: A) Business ethics. B) Financial mismanagement. C) Market demand. D) Entrepreneurial risk. Show Answer Correct Answer: A) Business ethics. 15. ..... monitor employee performance A) Occasionally. B) Infrequently. C) Consistently. D) Rarely. Show Answer Correct Answer: C) Consistently. 16. What is NOT a belief system? Belief system is ..... A) Merely focus on religion. B) A powerful force that affect lives of people. C) Shaped and influenced by a number of different factors. D) Formed through experiences, inferences, and accepting what others tell us to be true. Show Answer Correct Answer: A) Merely focus on religion. 17. Stakeholders include: A) People or groups affected by a company's actions. B) Only the company's owners. C) Only customers. D) Only government officials. Show Answer Correct Answer: A) People or groups affected by a company's actions. 18. What is the name for a set of principles that guide an organization in its activities and decisions? A) Business Ethics. B) Ethics. C) Social Responsibility. D) Code of Ethics. Show Answer Correct Answer: D) Code of Ethics. 19. What is a key principle of business ethics? A) Profit maximization at any cost. B) Transparency and accountability in all operations. C) Ignoring stakeholder interests. D) Prioritizing short-term gains over long-term sustainability. Show Answer Correct Answer: B) Transparency and accountability in all operations. 20. Co-op stores are built on a foundation of what? A) Capitalism. B) Profit maximisation at any cost. C) Break-even only. D) Social responsibility. Show Answer Correct Answer: D) Social responsibility. 21. What is the main purpose of a sustainability report according to the text? A) Reveals how a firm's operations impact the natural environment. B) Encourages bribery. C) Discloses financial performance to shareholders. D) Promotes workplace romance. Show Answer Correct Answer: A) Reveals how a firm's operations impact the natural environment. 22. What does normative ethics refer to? A) The field of ethics concerned with technological advancements. B) The field of ethics concerned with scientific institutions. C) The field of ethics concerned with asking how should and ought we live and act. D) The field of ethics concerned with real-world situations. Show Answer Correct Answer: C) The field of ethics concerned with asking how should and ought we live and act. 23. Who is known for his Nicomachean Ethics? A) Aristotle. B) Betham and Mill. C) Plato. D) Socrates. Show Answer Correct Answer: A) Aristotle. 24. Business ethics contains moral and social principle for doing business. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 25. What were the consequences for the unethical choice? A) Promotion within the company. B) Loss of trust and reputation. C) Increased profits in the short term. D) Personal satisfaction. Show Answer Correct Answer: B) Loss of trust and reputation. ← 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 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