CBSE Questions for Class 11 Commerce Business Studies Social Responsibilities Of Business And Business Ethics Quiz 1 - MCQExams.com

Fairness in employment practices centres on.
  • Hiring no family members of friends
  • Giving people equal rewards for accomplishing the same tasks
  • Obeying equal employment opportunity legislature
  • Avoiding conflicts of interests
The ethical issues in finance that companies and employees are confronted with include ___________.
  • fraudulent asset valuations
  • insider trading
  • over billing of expenses
  • all the above
Which one of the following is not related to Business Ethics?
  • Environmental ethics
  • Social responsibility of business
  • Profiteering
  • Ecological consciousness
Which of the following is a 'business practice' towards Government?
  • Ensure safety of their money and timely payment of interest
  • Rules and regulations regarding taxes, duties, restrictive and monopolistic trade
  • Unscrupulous tactics and methods should be avoided while handling them
  • None of the above
Ethics has been received from Greek Word____________.
  • Ethos
  • Ethes
  • Eths
  • Ethose
The term 'business ethics' came into common use in year ______.
  • 1680
  • 1780
  • 1980
  • 1970
Which of the following can explain the need for pollution control?
  • Reduction of health hazards
  • Cost savings
  • Reduce the risk of liability
  • All of these
Ethics has become the buzzword in the corporate world because of __________.
  • globalization
  • communication explosion
  • exploitation
  • both (A) and (B)
Set of standards of conduct and moral judgments that help to determine right and wrong behavior is called _____________.
  • ethics
  • culture
  • conscience
  • rules
The end of cold was brought a concept before media and business firms, it was____________.
  • Business Communication
  • Business Ethics
  • Business Strategy
  • None of the above
European business schools adopted business ethics after _____ commencing with the European Business Ethics Network (EBEN) in _______ when the first single-authored books in the field appeared.
  • 1987, 1982
  • 1980, 1982
  • 1982, 1980
  • 1977, 1964
______ made it important for businesses to have an ethics code, something in writing about what one ought to do, and what to strive for.
  • The Ethics & Code Conduct Act, $$2000$$
  • The Sarbanes-Ethics of Code Conduct Act, $$2001$$
  • The Sarbanes-Oxley Act, $$2002$$
  • None of above
______ is a set of principles and expectations that are considered binding on any person who is member of a particular group.
  • Code of Conduct.
  • Code of Ethics.
  • Code of Practice
  • Any of the above.
The Principles of business ethics developed by well known authorities like ____________________.
  • W.Wilson , Haimann, Heckert, Greenwood, Koontz etc.
  • Stoner, Freeman, Gilbert, Weihrich, etc.
  • Herzberg, McGregor, Wilder Penfield, Chester Bernard etc.
  • Cantt, J. S. Mill, Herbert Spencer, Plato, Thomas Garret, Woodrad, Wilson etc.
Which of the following are known as statements of value and principles that define the purpose of the organization? 
  • Code of Ethics
  • Code of Practices
  • Code of Behaviour
  • Code of Management
Ethical executives abide by ________ relating to their business activities. 
  • Laws
  • Rules
  • Laws, rules and regulations
  • None of the above
Business ethics has a ____ application. 
  • Universal
  • Natural
  • Practical
  • None of the above
According to whom, business ethics refers to right or wrong behaviour in business decisions? 
  • S. J. Mill
  • Cantt
  • Woodrad
  • Rogene
Business ethics has a ______ application. 
  • Natural
  • Practical
  • Universal
  • Artificial
According to W.Wilson______________________.
  • Business should help others only in that condition when other deserves to help.
  • Anything that is being done or to be done should be brought to the notice of everyone.
  • Business should be conducted on the basis of universal value.
  • One should make proper judgement before doing anything so that there is fair view taken and others do not suffer from any loss or risk of evil by conduct of business.
They are concerned about ethics, social responsibility and reputation of the company in which they invest _______________.
  • Employees
  • Employers
  • Investors
  • Students
Ethics is a set of ____ of human conduct that govern the behaviour of individuals or organizations. 
  • Principles
  • Standards
  • Principles or standards
  • None of the above
Which of the following is a feature of business ethics?
  • Business ethics is based on well accepted moral and social values.
  • Practice of business ethics gives protection to customers and other social group related to a firm.
  • Business ethics provide the legal, social, moral, economical and cultural limits within which business has to be conducted.
  • All of the above
Business ethics is a code of conduct which businessmen should follow while conducting their _______.
  • business operations
  • discipline
  • laws
  • all of above
Statement X : 
In some situations a company action can be legal, yet still unethical. 
Statement Y : 
Ethics is the study of moral obligation, or separating right from wrong.
  • Statement $$X$$ is correct but Statement $$Y$$ is false.
  • Both Statement $$X$$ and $$Y$$ are false.
  • Statement $$Y$$ is correct but Statement $$X$$ is false.
  • Both Statement $$X$$ and $$Y$$ are true .
State as to why a business should behave ethically?
  • To unprotect its own interest and of the business community as a whole.
  • To keep its commitment to society to act ethically.
  • To not meet stakeholder expectations.
  • To build distrust with key stakeholder groups.
A set of principles and expectations that are considered binding on any person who is member of a particular group known as ________.
  • code of ethics
  • values
  • duty
  • none of the above
Social Responsibility is __________________________________.
  • Wider than legal responsibility
  • Same as legal responsibility
  • Narrower than legal responsibility
  • None of these
Carbon monoxide emitted by automobiles directly contributes to _____________.
  • Air pollution
  • Noise pollution
  • Land pollution
  • Water pollution
(a) Economic policies of a government, play a significant role in determining the economic environment of business in a country.
(b) Economic policies are classified under four heads: (1) industrial policy. (2) Trade policy, (3) Monetary policy and (4) Fiscal policy
Of these:
  • Both (a) and (b) are true
  • (a) is true, but (b) is false
  • Both (a) and (b) false
  • (a) is false, but (b) is true
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