CBSE Questions for Class 11 Commerce Business Studies Social Responsibilities Of Business And Business Ethics Quiz 5 - MCQExams.com

The records and operation of the organisations have to be made more transparent. The shareholders, employees and creditors of the firm should be aware of each and every financial decision taken by the firm. This statement can be attributed to which type of measure to improve ethical behaviour of business?
  • Government level
  • Global level
  • Institutional level
  • Societal level
Which of the following action indicate unethical practice on part of business?
  • To reduce price of product
  • To pay bonus
  • To reduce cost of product
  • To reduce safety standards in factory premises.
Business ethics has ______ application.
  • natural
  • practical
  • universal
  • artificial
Which functional area in business ethics is about obeying and adhering to rules and authority ________________.
  • Ethics in compliance
  • Ethics in finance
  • Ethics in production
  • None of the above
Ethics refers to a _______ that guides an individual while dealing with others.
  • code
  • conduct
  • code of conduct
  • rules of conduct
The Society for Business Ethics was started in _____.
  • 1950
  • 1960
  • 1970
  • 1980
According to whom, business ethics is an art and science for maintaining harmonizing relationship with society?
  • Rogene
  • S.J. Mill
  • Herbert Spencer
  • Wheeler
According whom, business ethics refers to right or wrong behaviour in business decisions?
  • S.J Mill
  • CAntt
  • Woodrad
  • Rogene
According to sacredness of means and ends principle of business ethics _________.
  • for a good end a man should not be treated as a factor of production
  • it is unethical to do major evil to another or oneself
  • business should not co-operate with any one for doing any evil acts
  • a good end cannot be attained with wrong means
______ is a set of principles and expectations that are considered binding on any person who is member of particular group
  • Code of conduct
  • Code of ethics
  • Code of practice
  • Any of the above
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
The term "ethics" is derived from the Greek word _______.
  • ethos
  • ethocis
  • ethioys
  • ethis
The term 'business ethics' came into common use in year _____.
  • 1950
  • 1960
  • 1970
  • 1980
Business Ethics is a code of conduct which businessmen should follow while conducting their _________.
  • normal activites
  • special activities
  • specific activities
  • none of the above
Which of the following is a feature of business ethics?
(1) Business ethics has a universal application.
(2) It is a relative norm. It differs from business to business
(3) Business ethics is based on well accepted moral and social values.
Select the correct answer from the options given below-
  • (1)
  • (2)
  • (3)
  • All the above
State as to why 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
Scope of ethics in business is in which area(s)?
  • Compliance
  • Finance and HR
  • Marketing and Production
  • All of the above
Measures to improve ethical behaviour of business are framed at which level ____________.
  • institutional level
  • government level
  • societal level
  • all of the above
Reason(s) why business should act ethically include(s) ____________.
  • To keep its commitment to society to act ethically
  • To meet stakeholder expectations
  • To protect their employees and their reputation
  • All of the above
Corporate entities are legally considered as persons in __________.
  • USA
  • Japan
  • China
  • None of the above
Administrative corruption includes "gifts" to the _________.
  • Factory inspector
  • Boiler inspector
  • Pollution control board inspectors
  • All 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 give protection to corporate and not to consumers
  • Business ethics provide road map to earn more profit in today's competitive world
  • All the above
Which functional area in business ethics is about obeying and adhering to rules and authority?
  • Ethics is compliance
  • Ethics in finance
  • Ethics in production
  • None of the above
Business ethics cannot be enforced by __________.
  • governance
  • business
  • law
  • none of the above
Social responsibility of a business refers to its ________ obligation.
  • Action values of our society
  • Action values for business
  • Action values for individual
  • All of the above
The idea of social responsibility is ____________. 
  • Maximize owner worth
  • Maximize profits of business
  • Concern about effects on public
  • All of the above
Business ethics is based on well accepted __________.
  • moral and social values
  • social values only
  • moral values only
  • none of the above
An expert who is confidentially available to solve the ethical dilemmas is known as ________.
  • ethic coach
  • ethics trainer
  • ethics guide
  • none of the above
Ethics is important because _________.
  • suppliers prefer to deal with ethical companies
  • customers prefer to deal with ethical companies
  • employees prefer to deal with ethical companies
  • all of the choices
Measures to improve ethical behavior of business are framed at which level _________.
  • Institutional level
  • Government level
  • Social level
  • All of the above
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