Business Ethics & Social Responsibilities

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Test your knowledge on business ethics!

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Gursifath Sandhu

India

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Business Ethics & Social Responsibilities


Froggy Jumps Business Ethics & Social ResponsibilitiesVersión en línea Test your knowledge on business ethics! por Gursifath Sandhu 1 Social responsibility means: a Avoiding legal obligations b Obligation of a business to act in ways that serve the interests of society c Maximizing shareholder profit only 2 Which of the following is an arguement for social reponsibility? a Long-term interest of the firm b Violation of profit maximisation objective c Burden on consumers 3 Social responsibility focuses on the welfare of a Only government authorities b Shareholders only c All stakeholders including society and environment 4 Which of the following justifies the need for social responsibility? a Society and business are separate entities b Business is a part of society and uses its resources c Only government should care about society 5 Which of the following best defines ‘business ethics’? a Rules framed by the government b Regulations for business taxation c Moral principles that guide business behavior 6 Which interest group is primarily affected by unsafe working conditions in a company? a Employees b Government c Customers 7 Which of the following is not a role of business in environmental protection? a Maximizing profits b Ensuring that commitment to environmental protection is shared throughout the enterprise. c Periodical assessment of pollution control programmes 8 A business advertises a product using exaggerated claims about its benefits, which misleads customers. This practice is: a Socially responsible marketing b False and unethical advertising c Ethical promotion 9 A clothing company launches a new line of eco-friendly clothing made from organic cotton and promotes fair wages for all workers. This is an example of: a Exploitation of workers b Profit-oriented production c Ethical and socially responsible business 10 Ethical social responsibility leads to: a Decline in quality b Brand loyalty and long-term success c Loss of investors 11 What is a key social responsibility of businesses? a To contribute positively to society b To maximize profits only c To avoid taxes 12 What does business ethics primarily focus on? a Proper moral conduct in business b Legal compliance only c Customer satisfaction 13 Which of these is a social responsibility of a business? a Ignoring environmental laws b Polluting the environment c Environmental sustainability 14 What is a benefit of practicing good business ethics? a Higher costs b Loss of reputation c Customer loyalty 15 What should businesses do to be socially responsible? a Ignore community needs b Disregard environmental impact c Respect human rights 16 A company ensures that it pays minimum wages to all workers, follows safety regulations, and files its taxes honestly. This is an example of: a Ethical responsibility b Legal responsibility c Discretionary responsibility 17 Social responsibility is compulsory for businesses. a True b False c In some cases 18 Assertion (A): A business that pays taxes and obeys labor laws is fulfilling its legal responsibility. Reason (R): Legal responsibilities are those which are expected but not mandated by law. a Both A and R are true, and R is the correct explanation of A b A is false, but R is true c A is true, but R is false 19 Assertion (A): Businesses must take care of consumer rights by providing quality goods and services. Reason (R): Environmental protection is a primary responsibility of the government only. a Both A and R are true, and R is the correct explanation of A b Both A and R are true, but R is not the correct explanation of A c A is true, but R is false 20 Assertion (A): Ethical behavior is always profitable for business in the short term. Reason (R): Ethical practices increase marketing and advertising budgets. a Both A and R are false b A is true, but R is false c Both A and R are true, and R is the correct explanation of A

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Business Ethics & Social Responsibilities

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Business Ethics & Social ResponsibilitiesVersión en línea

por Gursifath Sandhu

Social responsibility means:

Which of the following is an arguement for social reponsibility?

Social responsibility focuses on the welfare of

Which of the following justifies the need for social responsibility?

Which of the following best defines ‘business ethics’?

Which interest group is primarily affected by unsafe working conditions in a company?

Which of the following is not a role of business in environmental protection?

A business advertises a product using exaggerated claims about its benefits, which misleads customers. This practice is:

A clothing company launches a new line of eco-friendly clothing made from organic cotton and promotes fair wages for all workers. This is an example of:

Ethical social responsibility leads to:

What is a key social responsibility of businesses?

What does business ethics primarily focus on?

Which of these is a social responsibility of a business?

What is a benefit of practicing good business ethics?

What should businesses do to be socially responsible?

A company ensures that it pays minimum wages to all workers, follows safety regulations, and files its taxes honestly. This is an example of:

Social responsibility is compulsory for businesses.

Assertion (A): A business that pays taxes and obeys labor laws is fulfilling its legal responsibility. Reason (R): Legal responsibilities are those which are expected but not mandated by law.

Assertion (A): Businesses must take care of consumer rights by providing quality goods and services. Reason (R): Environmental protection is a primary responsibility of the government only.

Assertion (A): Ethical behavior is always profitable for business in the short term. Reason (R): Ethical practices increase marketing and advertising budgets.