CBSE Questions for Class 11 Commerce Business Studies Social Responsibilities Of Business And Business Ethics Quiz 6 - MCQExams.com

Business ethics has a __________ application.
  • universal
  • natural
  • practical
  • none of the above
Business ethics deals primarily with _____________.
  • social responsibility
  • the pricing of products and services
  • moral obligation
  • being unfair to the competition
Under social responsibility business enterprise should serve ___________. 
  • Customer
  • Community
  • Owner
  • All of the above
Ethics are moral principles and values which  ____________.
  • guide a firm's behaviour
  • govern the actions of an individual
  • provide employees with rules on how to behave
  • are legally enforceable
Business Ethics is?
  • List of moral rules
  • Principles to protect
  • Principles to protect Interest of customers. So take care of the interest of society
  • All of the above
Economic responsibility is to ______.
  • Produce goods and services that society wants
  • Sell goods and service
  • Make profit
  • All of the above
Business ethics.
  • Is concerned with the impact of business of the society within which it operates
  • Is the term which describes compliance with company policies
  • Addresses the issues of individual decision making
  • Is an abstract concept impossible to operationalise
_______ is/are the kinds of social responsibility.
  • Legal responsibility
  • Economic responsibility
  • Ethical responsibility
  • All of the above
Feature that is NOT present in business ethics are. 
  • It has universal application
  • It is absolute in nature
  • It depends from business to business
  • It cannot be enforced by law
Social responsibility is beneficial because of __________.  
  • Availability of resources with business
  • Maintenance of society
  • Justifications for its existence and growth
  • All of the above
Negative effects of social responsibility ___________. 
  • Violation of profit maximization objective
  • Lack of social skills
  • Burden on consumers
  • All of the above
Select the proper option from the probable option given below and rewrite the complete statements:
Ultimate goal of business must be satisfaction of the _______.
  • Shareholders
  • Consumers
  • Owners
  • None of these
Business ethics relates to.
  • Society's decision
  • An individual's or work group's decisions
  • Customers decisions
  • Government decisions
The crucial step in understanding business ethics is?
  • Establishing codes of ethics
  • Learning to recognize ethical issues
  • Having efficient operations.
  • Implementing a strategic plan
The term socio-technical systems was coined by __________.
  • Ken Bamforth
  • Fred Emery
  • Eric Trist
  • All the above
___________ is one of the principle in business ethics.
  • Loyalty
  • Security
  • Integrity
  • Both a & c
It was decided that every business should have a written ethics code. This shows.
  • Code of Ethics
  • Strong code of ethics
  • Neither a nor b
  • None of the above
The contribution a company makes to society through its core business activities social investment and philanthropy programmes, and its engagement in public policy known as ___________.
  • Corporate culture
  • Corporate image
  • Corporate values
  • Corporate citizenship
In business ethics, the stakeholder theory of business ethics maintains that managers have an ethical responsibility to manage a firm for the benefit of all its stockholders, and for people who have a claim on a company.
  • True
  • False
  • Partially true
  • Partially false
Government gives awards for ethics shown by business people. The name of the award is?
  • Indira Gandhi Paryavaran Puraskar
  • Indira Gandhi Kiteracy Puraskar
  • Rajeev Gandhi Paryavaran Puraskar
  • Mahatma Gandhi Paryavaran Puraskar
Ethics is a study of.
  • The rind of action a man should do
  • Rules that define the course of action
  • Discussion the right and wrong conduct
  • All of the above
Ethics refers to a _______ that guides an individual while dealing with others. 
  • Code
  • Conduct
  • Code of Conduct
  • Rules of Conduct
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.
  • $$1987$$ , $$1982$$
  • $$1980$$ , $$1982$$
  • $$1982$$ , $$1980$$
  • $$1977$$ , $$1984$$
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 corporate and not to consumers.
  • Business ethics provide road map to earn more profit in today's competitive world.
  • All of the above.
Ethics in compliance means ____________.
  • It is about obeying and adhering to rules and authority
  • It deals with the moral principles behind the operation and regulation of marketing
  • It deals with the duties of a company to ensure that products and production processes do not cause harm
  • None of the above
The Sarbanes-Oxley Act of $$2002$$ made it important for businesses to have an _______________.
  • Ethics code
  • Code of conduct
  • Code of practice
  • Business ethics
The scope of _______ includes fraudulent asset valuations, insider trading, securities fraud leading to manipulation of the financial markets and executive compensation etc.
  • production
  • compliance
  • finance
  • HR
Scope of ethics in business is in which area(s) _______________-.
  • Compliance
  • Finance & HR
  • Marketing and Production
  • All of the above
Sarbanes-Oxley Act of $$2002$$ is named after which of the following experts? 
  • Aristotle
  • Senator Paul Sarbanes
  • Michael Oxley
  • Both (B) & (C)
Which of the following is 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. 
$$\mathit{Select\,the\,correct\,answer\,from\,the\,options\,given\,below - }$$
  • $$(1)$$
  • $$(2)$$
  • $$(3)$$
  • All of the above.
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