CBSE Questions for Class 11 Commerce Business Studies Social Responsibilities Of Business And Business Ethics Quiz 7 - MCQExams.com

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 practices should be adhered to
  • Unscrupulous tactics and methods should be avoided while handling them.
  • None of the above
The term 'business ethics' came into common use in year ____________.
  • $$1680$$
  • $$1780$$
  • $$1980$$
  • $$1970$$
A set of principles and expectations that are considered binding on any person who is member of a particular group is known as ____________.
  • Code of ethics
  • Values
  • Ethics
  • None of the above
Which of the following is not a code of conduct? 
  • Code of ethics
  • Code of practices
  • Code of behaviour
  • Code of management
The four types of social responsibility include _______________________.
  • Legal, philanthropic, economic and ethical
  • Ethical, moral, social, and economic
  • Philanthropic, justice, economic, and ethical
  • Legal, moral, ethical and economic
A business should have what kind of an approach? 
  • Profit earning
  • Social responsibility
  • Both (A) and (B)
  • Either (A) and (B)
Business ethics deals primarily with ________________.
  • Social responsibility
  • The pricing of products and services
  • Moral obligation
  • Being unfair to the competition
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
The ethical dilemma of choosing between two rights refers to _____________________.
  • Choosing between the lesser of two evils.
  • Deciding which of two employee rights is the most important.
  • Deciding to offer a bribe or lose out on an important opportunity.
  • Choosing between the two types of sexual harassment.
The issues of ethics faced by HRM include ________________.
  • Facilitation payments
  • Securities fraud leading to manipulation of the Financial markets
  • Discrimination issues
  • All of above
Which functional area in business ethics is about obeying to rules and authority?
  • Ethics in compliance
  • Ethics in finance
  • Ethics in production
  • None of above
_________ is about obeying and adhering to rules and authority.
  • Ethics
  • Code
  • Conduct
  • Compliance
A whistle blower is an employee who __________________.
  • Exposes organizational wrongdoing.
  • Complains a lot of company management.
  • Engages in unethical behaviour.
  • Referees disputed with other employees.
Which of the following is known as statements of vale and principles that define the purpose of the organization ?
  • Code of Ethics
  • Code of Practices
  • Code of Behaviour
  • Code of Management
Business ethics has a ______ application.
  • universal
  • natural
  • practical
  • social
Which of the following is not usually the objective of a code of ethics?
  • To create an ethical workplace
  • To evaluate the ethical components of the proposed actions of the employees
  • To improve the public image of the company
  • To enhance the profits of the business continuously
The term "ethics" is derived from the Greek word _____________.
  • Ethos
  • Ethocis
  • Ethioys
  • Ethis
Which is an example of ethical codes?
  • We believe in more production
  • We believe in assets
  • We believe in money
  • None of these
When the top management of the companies is committed towards the ethical code, it is related to ______________ element of ethics.
  • Publication of Code
  • Measuring Results
  • Top management commitment
  • Involving employees at all levels
Which of the following is/are the responsibilities of a business towards the community?
  • To protect the environment from all types of pollution
  • To promote national integration
  • To help the weaker section of society
  • All of the above
Name the concept which is concerned with 'what is right' and 'what is wrong' in business?
  • Business Ethics
  • Business Law
  • Social Responsibilities
  • None of the above
What do you mean by the principles derived from the social values that guide and govern the conduct of businessmen?
  • Business Ethics
  • Social responsibility
  • Publication of code
  • Business law
Which of the following is/are the responsibilities of a business towards shareholders?
  • To ensure the safety of investment
  • To ensure fair and regular return on investment
  • Both the above
  • None of the above
An enterprise must provide good working conditions to ___________ as a part of its responsibility.
  • Employees
  • Consumer
  • Community
  • Government
The __________ social responsibility of a business is to produce goods and services that society wants and sell them at a profit.
  • Economic Responsibility
  • Legal Responsibility
  • Personal Responsibility
  • Ethical Responsibility
Which of the following are the responsibilities of a business towards government?
  • To abide by rules, regulations and laws
  • To pay taxes and duties on time
  • Both the above
  • None of the above
Which of the following are sources of ethics?
(i) Religion
(ii) Legal system
(iii) Economic system
(iv) Culture
(v) Family system
Select the correct answer from the codes given below.
  • $$(i), (ii), (iii), (v)$$
  • $$(i), (ii), (iv)$$
  • $$(i), (ii), (iv), (v)$$
  • $$(i), (ii), (iii), (iv), (v)$$
The Sarbanes-Oxley Act, $$2002$$ was enacted and passed in USA to _________.
  • punish those who committed accounting frauds in the late $$1990s$$
  • improve corporate profits
  • help laid-off employees get their jobs back
  • help restore confidence in corporate America
Whistle blowing is a _________.
  • ethical practice
  • illegal practice
  • unethical practice
  • social practice
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