This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Entrepreneurship Chapter 5 Business Ethics And Corporate Social Responsibility Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What do "Values" primarily convey in the context of ethics? A) What is right. B) What is good. C) How to achieve goals. D) Reasons for being. Show Answer Correct Answer: B) What is good. 2. What belief system believes in the unifying concept of KARMA and worships different Gods? A) Buddhism. B) Hinduism. C) Christianity. D) Islam. Show Answer Correct Answer: B) Hinduism. 3. What is a key trend in corporate philanthropy? A) Decreasing overall donations. B) Shifting focus to strategic giving. C) Giving only to the most popular causes. D) Avoiding any form of charitable giving. Show Answer Correct Answer: B) Shifting focus to strategic giving. 4. Which is not example of corporate social responsibility? A) Company gives 5 percent of company profit to local community. B) Company focuses on the profitability of the company . C) Providing aid towards natural disasters. D) Using resources efficiently and supporting renewable power. Show Answer Correct Answer: D) Using resources efficiently and supporting renewable power. 5. Which of the following is NOT one of the 4 main focuses of CSR (Corporate Social Responsibility)? A) Environmental Protections. B) Workplace Diversity. C) Job Safety. D) Financial Growth. Show Answer Correct Answer: D) Financial Growth. 6. How should actions be measured according to Utilitarianism A) By how hard you try to do the right thing. B) By what your intentions were. C) By which rules you followed. D) By how much happiness or pleasure they produce. Show Answer Correct Answer: D) By how much happiness or pleasure they produce. 7. Which level of CSR indicates that a company takes voluntary action to improve society. A) Legal. B) Economic. C) Discretionary. D) Ethical. Show Answer Correct Answer: C) Discretionary. 8. . How does a conflict of interest impact ethical decision-making in business A) Enhances transparency. B) Promotes ethical behavior. C) Creates bias and compromises integrity. D) Minimizes stakeholder interests. Show Answer Correct Answer: C) Creates bias and compromises integrity. 9. An all encompassing characteristics of an ethical business A) Integrity. B) Profitability. C) Market Share. D) Innovation. Show Answer Correct Answer: A) Integrity. 10. Which of the following is an example of unethical behavior in business? A) Providing accurate financial statements to shareholders. B) Offering fair compensation to employees. C) Engaging in price-fixing with competitors. D) Donating to charitable organizations. Show Answer Correct Answer: C) Engaging in price-fixing with competitors. 11. Solid relationships that are equally beneficial and both party's reap the benefits. An ethical business stays loyal to it's partnership even in challenging times. A) Trust. B) Loyalty. C) Profit. D) Collaboration. Show Answer Correct Answer: B) Loyalty. 12. Organizational stakeholders are those individuals and groups who have A) An interest in, or are affected by the firm's operations. B) A direct interest in the profits of the firm. C) The ability to affect the firm's operations or profitability. D) An interest in the firm's operations. Show Answer Correct Answer: A) An interest in, or are affected by the firm's operations. 13. Who does utilitarianism try to get the best outcome for? A) The individual. B) The boss. C) The greatest number of people. D) The poor. Show Answer Correct Answer: C) The greatest number of people. 14. An argument for social responsibility says, "converting problems into ..... " A) Solutions. B) Opportunities. C) Assets. D) Liabilities. Show Answer Correct Answer: B) Opportunities. 15. How does practicing business ethics contribute to long-term success? A) By avoiding legal consequences. B) By maximizing short-term profits. C) By gaining competitive advantage. D) None of the above. Show Answer Correct Answer: C) By gaining competitive advantage. 16. What is the responsibility of business to obey laws and other regulations according to Carroll's CSR Pyramid? A) Economic. B) Philanthropic. C) Ethical. D) Legal. Show Answer Correct Answer: D) Legal. 17. What is whistleblowing in the context of business ethics? A) Ignoring unethical or illegal activities within a company. B) Participating in unethical or illegal activities within a company. C) Promoting unethical or illegal activities within a company. D) Reporting unethical or illegal activities within a company. Show Answer Correct Answer: D) Reporting unethical or illegal activities within a company. 18. Workers respect company property when you treat them with disrespect A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 19. Professional groups such as doctors, lawyers and teachers have their own code of ethics. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. What is "money laundering" ? A) Creating the appearance that profits (obtained illegally) are "legitimate" assets. B) The act of putting money into a washing machine to remove stains and disinfect currency/notes. C) Buying stocks of a company whose main activity is cleaning or laundering luxury clothes. D) None of the above. Show Answer Correct Answer: A) Creating the appearance that profits (obtained illegally) are "legitimate" assets. 21. What is the first step in making a good ethical decision according to the lecture outline? A) Consulting with a manager. B) Recognizing unethical business activities. C) Following the company's code of ethics. D) Taking a public opinion poll. Show Answer Correct Answer: B) Recognizing unethical business activities. 22. What is the primary responsibility of the board of directors in corporate governance A) Maximizing personal wealth. B) Ensuring employee dissatisfaction. C) Protecting shareholder interests and overseeing management. D) Ignoring environmental regulations. Show Answer Correct Answer: C) Protecting shareholder interests and overseeing management. 23. Which of the following best describes corporate social responsibility (CSR)? A) Doing whatever benefits the company the most. B) A company's voluntary commitment to ethical, social, and environmental goals. C) A government regulation on small businesses. D) A type of advertising campaign. Show Answer Correct Answer: B) A company's voluntary commitment to ethical, social, and environmental goals. 24. What is social responsibility in a business context? A) The obligation of a business to contribute to society. B) The need to maximize profits. C) The requirement to follow legal standards. D) The focus on internal company policies. Show Answer Correct Answer: A) The obligation of a business to contribute to society. 25. A supermarket should not sell goods after its expiry date. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. ← 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 8Class 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