Social Responsibilities of Business and Business Ethics: Businesses Should Act In a Manner That Benefits Society

In this quiz, you will find questions related to the social responsibilities of a business and their business ethics, types of social responsibilities and ethical responsibilities, etc.

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The word ‘Ethics’ has its origin in the ______

Greek Word British Word Indian Word Latin Word

Which of the following is capable of doing maximum good to society?

Business success Laws and regulations Ethics Professional management

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

Peter F. Drucker C. S. Rao J. R. Betty C. Zahe

Which of the following is not the social responsibility of business towards the investors?

To give appropriate salary To ensure proper dividend To ensure safety of capital To ensure proper utilization of capital

Which of the following is not the social responsibility of business towards the consumers?

To give them a share of profit To bring out reality in advertisement To make available good quality goods at cheap rates To avoid adulteration

It is the obligation of the business to take those decisions and to perform those actions which are expected in respect of the values and norms of the society. Identify the concept.

Social Ethics None of the options Social Skills Social Responsibility

It is a primary social responsibility to produce goods and services that society wants and sell them at reasonable profit. Identify the category of social responsibility referred here.

Economic Responsibility Ethical Responsibility Legal Responsibility Discretionary Responsibility

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Social responsibility is__________

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Broader than legal responsibility

Same as a legal responsibility

Narrower than legal responsibility

None of these

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ADRs are issued in___________

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USA

China

India

Canada

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Funds required for purchasing current assets are known as?

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Working capital

Fixed capital

Lease financing

Retained earnings

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It includes the behavior of the firm expected by the society but not codified by law. Identify the category of social responsibility referred to here.

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Economic Responsibility

Ethical Responsibility

Legal Responsibility

All of these

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Ethics is important for?

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Non-managerial employees

Middle-level managers

Top management

All of these

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Business people have the skill to involve_____________

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Some social problems

All economic problems

No social problems

All social problems

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That an enterprise must behave as a good citizen is an example of its responsibility towards___________

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Owners

Workers

Consumers

Community

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If business is to operate in a society which is full of diverse and complicated problems, it may have________

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Little chance of success

Great chance of success

Little chance of failure

No relation with success or failure

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Which of the following are the categories of Social Responsibility?

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All of these

Ethical Responsibility

Economic Responsibility

Legal Responsibility

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A business enterprise has the responsibility to provide a fair return to the ______

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Shareholders

Customers

State Government

None of these

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Why business ethics are important?

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It formulates the firm’s image and builds the brand

It influences the buying decision of the customers

Build confidence within employees

All of these

Quiz/Test Summary
Title: Social Responsibilities of Business and Business Ethics: Businesses Should Act In a Manner That Benefits Society
Questions: 18
Contributed by:
james