Chapter 6: Social Responsibilities of Business and Business Ethics — Online MCQ Test
BUSINESS STUDIES · Grade 11 · CBSE(NCERT)
Practice Chapter 6: Social Responsibilities of Business and Business Ethics with a free chapter-wise online MCQ test.
This chapter covers: This chapter covers corporate social responsibility CSR responsibilities towards stakeholders environmental protection role and fundamental elements of business ethics..
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Chapter 6: Social Responsibilities of Business and Business Ethics — Important Questions & Answers
Which of the following best defines Corporate Social Responsibility (CSR)?
- A. The obligation of business to maximize only profits for shareholders
- B. The commitment of business to contribute to social well-being while carrying out its economic activities
- C. The duty of the government to manage all social problems
- D. The practice of avoiding all social responsibilities to reduce costs
Answer: B. The commitment of business to contribute to social well-being while carrying out its economic activities
CSR means business should work not only for profit but also for the welfare of society. It involves social and environmental responsibilities along with economic goals.
CSR means business should work not only for profit but also for the welfare of society. It involves social and environmental responsibilities along with economic goals.
Who are the stakeholders of a business?
- A. Only the owners of the business
- B. Only the customers and suppliers
- C. All persons or groups affected by the business
- D. Only the employees of the business
Answer: C. All persons or groups affected by the business
Stakeholders include all individuals or groups who are affected by business decisions, such as owners, employees, customers, suppliers, government, and society.
Stakeholders include all individuals or groups who are affected by business decisions, such as owners, employees, customers, suppliers, government, and society.
A factory installs treatment plants to reduce waste released into a river. This is an example of responsibility towards:
- A. Shareholders only
- B. Environment
- C. Competitors
- D. Middlemen
Answer: B. Environment
Controlling waste and preventing water pollution shows responsibility towards the environment. Businesses must reduce harmful effects on nature.
Controlling waste and preventing water pollution shows responsibility towards the environment. Businesses must reduce harmful effects on nature.
Which of the following groups is most directly affected if a business follows unethical practices such as misleading advertisements?
- A. Customers
- B. Only bank officials
- C. Only the government
- D. Only the competitors
Answer: A. Customers
Misleading advertisements mainly harm customers because they may make wrong purchasing decisions. Ethical advertising protects consumer interests.
Misleading advertisements mainly harm customers because they may make wrong purchasing decisions. Ethical advertising protects consumer interests.
Which of the following is the most accurate statement about CSR in the Indian context taught in school business studies?
- A. CSR means only donating money to charity once a year
- B. CSR is limited to large multinational companies only
- C. CSR includes a wide range of responsibilities toward stakeholders and society
- D. CSR replaces the need for profit-making
Answer: C. CSR includes a wide range of responsibilities toward stakeholders and society
CSR is broader than charity and includes responsibilities toward customers, employees, environment, and society. It supports responsible and sustainable business behavior.
CSR is broader than charity and includes responsibilities toward customers, employees, environment, and society. It supports responsible and sustainable business behavior.