Social Responsibilities of Business and Business Ethics MCQ Questions for Class 11 Business Studies Chapter 6 with Answers

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MCQ Questions for Class 11 Business Studies with Answers

Q1. Why business ethics are important?

(i) It formulates the firm’s image and builds the brand
(ii) It influences the buying decision of the customers
(iii) Build confidence within employees
(iv) All of the above

(iv) All of the above

Q2. Ethics is important for

(i) Non-managerial employees
(ii) Middle-level managers
(iii) Top management
(iv) All of the above

(iv) All of the above

Q3. Environmental protection can best be done by the efforts of :

(i) Business people
(ii) Government
(iii) Scientists
(iv) All the people.

(iv) All the people.

Q4. Carbon monoxide emitted by automobiles directly contributes to

(i) Water pollution
(ii) Noise pollution
(iii) Land pollution
(iv) Air pollution

(iv) Air pollution

Q5. Public Deposits are the deposits that are directly raised from

(i) The public
(ii) The auditors
(iii) The owners
(iv) The directors

(i) The public

Q6. Business people have the skill to involve

(i) Some social problems
(ii) All economic problems
(iii) No social problems
(iv) All social problems

(i) Some social problems

Q7. Equity shareholders are called

(i) Owners of the company
(ii) Partners of the company
(iii) Guardian of the company
(iv) Executives of the company

(i) Owners of the company

Q8. Ethics is important for:

(i) Top management
(ii) Middle-level managers
(iii) Non-managerial employees
(iv) All of the above.

(iv) All of the above.

Q9. Ethics deals with the right actions of individuals.” Who said?

(i) Peter F. Drucker
(ii) C. S. Rao
(iii) J. R. Betty
(iv) C. Zahe

(i) Peter F. Drucker

Q10. Which one of the following is the unsecured short term deposit made by one company with another?

(i) ICD
(ii) ADR
(iii) IDR
(iv) GDR

(i) ICD

Q11. The need for social responsibility arises due to the

(i) Firm’s interest
(ii) Interest of society
(iii) Both firm’s and society interest
(iv) None of the above

(iii) Both firm’s and society interest

Q12. Social responsibility is

(i) Broader than legal responsibility
(ii) Same as legal responsibility
(iii) Narrower than legal responsibility
(iv) None of the above

(i) Broader than legal responsibility

Q13. Which responsibility of the business is not the responsibility of the business to the government:

(i) Following the pollution laws as set by the government
(ii) Establishment of the industrial undertaking as per the government norms
(iii) Providing after sales service
(iv) Payment of the fees, tax, surcharge etc. with the honesty.

(iii) Providing after sales service

Q14. Which statement is true?

(i) Human values system plays a vital role in total quality management
(ii) Values give the real meaning to total quality management effort
(iii) Total quality management is a corporate management strategy
(iv) All of the above

(iv) All of the above

Q15. Which of the following institution provides financial assistance towards balanced regional development and development of management education in the country?

(i) Industrial finance Corporation of India (IFCI)
(ii) Industrial Credit and Investment Corporation of India (ICICI)
(iii) Industrial development Bank of India ( IDBI)
(iv) Life insurance Corporation of India (LIC)

(i) Industrial finance Corporation of India (IFCI)

Q16. ADRs are issued in

(i) USA
(ii) China
(iii) India
(iv) Canada

(i) USA

Q17. Funds required for purchasing current assets are known as

(i) Working capital
(ii) Fixed capital
(iii) Lease financing
(iv) Retained earnings

(i) Working capital

Q18. Which business do not have social responsibility towards the customers:

(i) Making availability of good quality goods at the proper rate
(ii) Disclosing truth in advertisement
(iii) Providing share in profit
(iv) No adulteration in the goods.

(iii) Providing share in profit

Q19. Which one of the following is not principle business ethics?

(i) Principle of universality
(ii) Principle of humanity
(iii) Principle of autonomy
(iv) Principle of dissatisfaction

(iv) Principle of dissatisfaction

Q20. Which one of the following is known as the Risk capital?

(i) Equity shares
(ii) Debentures
(iii) Retained earnings
(iv) Preference shares

(i) Equity shares

Q21. Funds required for purchasing current assets are known as

(i) Working capital
(ii) Fixed capital
(iii) Lease financing
(iv) Retained earnings

(i) Working capital

Q22. Which of the following can explain the need for pollution control?

(i) Cost savings
(ii) Reduction of health hazards
(iii) Reduced risk of liability
(iv) All of the above

(iv) All of the above

Q23. Business ethics are necessary for:

(i) General employees
(ii) Middle level Employees
(iii) High level employees
(iv) All of the above

(iv) All of the above

Q24. According to the concept of moral intensity, a worker is most likely to behave ethically and legally when

(i) a manager observes his or her behavior closely
(ii) the worker has intense morals
(iii) the consequences of the act are minor
(iv) the consequences of the act are substantial

(iv) the consequences of the act are substantial

Q25. Working capital is raised through

(i) All of the options.
(ii) Commercial paper
(iii) Factoring
(iv) Trade credit

(i) All of the options.

Q26. Providing charitable contributions to educational institutions is

(i) Legal responsibility
(ii) Economic responsibility
(iii) Discretionary responsibility
(iv) None of the above

(iii) Discretionary responsibility

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MCQ Questions for Class 11 Business Studies with Answers

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