This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Ethical business practices generally lead to long-term ..... A) Failure. B) Profitability and trust. C) Legal penalties. D) Employee turnover. Show Answer Correct Answer: B) Profitability and trust. 2. Despite the challenges of behaving morally, ..... is crucial for the success of new companies. A) Business plans. B) Ethical decision-making. C) Financial resources. D) Obstacles. Show Answer Correct Answer: B) Ethical decision-making. 3. In the context of corporate social responsibility (CSR), 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. 4. Shareholders are kept 'in the dark' about affairs and performance of the company, which results in the latter being unable to make informed decisions is an example issue of ..... A) Poor communication of information. B) Excessive business information. C) All the above. D) None of the above. Show Answer Correct Answer: A) Poor communication of information. 5. What is the estimated cost of the 2008 subprime lending crisis to the global economy? A) $ 67 billion U.S. dollars. B) Over $ 22 trillion U.S. dollars. C) Unknown. D) Not mentioned in the text. Show Answer Correct Answer: B) Over $ 22 trillion U.S. dollars. 6. What might happen if a business ignores ethics and social responsibility? A) It builds stronger brand loyalty. B) It may face legal problems or damage its reputation. C) It automatically gains community support. D) It saves money without consequences. Show Answer Correct Answer: B) It may face legal problems or damage its reputation. 7. What question(s) should you ask yourself whenever you are faced with an ethical dilemma? A) Is it legal?. B) Is it balanced/fair?. C) Is it right?. D) All of these. Show Answer Correct Answer: D) All of these. 8. What is selling bonds to private banks and insurance companies considered as for the government? A) A donation. B) A loan. C) A grant. D) A service fee. Show Answer Correct Answer: B) A loan. 9. Business is a ..... Activity A) Socio-economic. B) Servies. C) Charitable. D) None of the above. Show Answer Correct Answer: A) Socio-economic. 10. What did the Honest Company change after facing criticism over its laundry detergent? A) The CEO of the company. B) The product formula and labels. C) The price of the detergent. D) The target market for the product. Show Answer Correct Answer: B) The product formula and labels. 11. The term ..... refers to principles, values and beliefs that define right and wrong behavior. A) Customer satisfaction. B) Empowerment. C) Innovation. D) Ethics. Show Answer Correct Answer: D) Ethics. 12. What are some common ethical dilemmas faced by businesses today? A) Employee dress code. B) Office holiday schedule. C) Company logo design. D) Some common ethical dilemmas faced by businesses today include conflicts of interest, corporate social responsibility, environmental sustainability, fair labor practices, and bribery and corruption. Show Answer Correct Answer: D) Some common ethical dilemmas faced by businesses today include conflicts of interest, corporate social responsibility, environmental sustainability, fair labor practices, and bribery and corruption. 13. Which of the following is a disadvantage of social responsibility? A) Possession of resources. B) Ethical obligation. C) Public image. D) Violation of profit maximisation. Show Answer Correct Answer: D) Violation of profit maximisation. 14. What do utilitarians believe should drive morality? A) Being happy. B) Being sensible. C) External rules. D) Fear of God. Show Answer Correct Answer: A) Being happy. 15. Eastern culture displays more ..... A) Concentration. B) Collectivism. C) Individualism. D) Negativism. Show Answer Correct Answer: B) Collectivism. 16. What does not belong to principles of ethics? A) Leadership. B) Accountability. C) Trustworthiness. D) Fairness. Show Answer Correct Answer: C) Trustworthiness. 17. Who is known as the Philosopher King? A) Aristotle. B) Betham and Mill. C) Plato. D) Socrates. Show Answer Correct Answer: C) Plato. 18. According to ..... , human action must be rationalized based on human intelligence and willpower. A) Aristotle Theory. B) Kant Theory. C) All the above. D) None of the above. Show Answer Correct Answer: B) Kant Theory. 19. Corporate social Responsibility is self-regulating business model A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. What is the United States federal law that mandates certain practices in financial record keeping and reporting for corporations? A) Sarbanes-Oxley 404 Act of 2002. B) Sarbaines-Oxlei 404 Act of 2002. C) Sarbaines-Oxely 404 Act of 2002. D) Sardines-Oxlley 404 Act of 2002. Show Answer Correct Answer: A) Sarbanes-Oxley 404 Act of 2002. 21. What (Negative) Filipino Values System refers to an overheard conversation or anonymous sources of information? A) Ningas Cogon. B) Mana Habit. C) Crab mentality. D) Grapevine. Show Answer Correct Answer: D) Grapevine. 22. What (Negative) Filipino Value System refers to "self-righteous disobedience" or blatant disregard of the rules? A) Excessive parting. B) Filipino Time. C) Penchant of Law breaking. D) Bahala Na. Show Answer Correct Answer: C) Penchant of Law breaking. 23. Companies these days will have to be socially responsible because of pressure of ..... movement. A) Government. B) Shareholder's. C) Labour. D) None of the above. Show Answer Correct Answer: C) Labour. 24. In Carroll Pyramid of Corporate Social Responsibility, philanthropic means ..... A) Be profitable. B) Giving back to society. C) All the above. D) None of the above. Show Answer Correct Answer: B) Giving back to society. 25. Brand Loyalty A) A consumer's commitment to repurchase or continue using a brand. B) A marketing strategy to attract new customers. C) A measure of how much a consumer spends on a brand. D) A trend in consumer behavior towards sustainability. Show Answer Correct Answer: A) A consumer's commitment to repurchase or continue using a brand. ← 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 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