Chapter Exam

Chapter 17: Social responsibility of business — Online MCQ Test

Q: Social responsibility of business refers to the obligation of a business to:

Answer: B. Protect and improve the welfare of society — Social responsibility involves the duty of a business to contribute to the welfare of society beyond mere profit-making.

Q: Which of the following is a primary stakeholder group for a business?

Answer: C. Employees — Employees are internal stakeholders who are directly impacted by the business's operational decisions.

Q: Which of the following is NOT a responsibility of a business towards the government?

Answer: C. Providing jobs to politicians — Providing jobs to specific political figures is not a social or ethical responsibility of a business.

COMMERCE · CLASS 11th · Tamil Nadu State Board

Practice Chapter 17: Social responsibility of business with a free chapter-wise online MCQ test for Tamil Nadu State Board CLASS 11th COMMERCE. This chapter covers: This chapter examines corporate social responsibilities towards stakeholders like owners employees consumers and society. Students evaluate ethical duties environmental protection.... AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 17: Social responsibility of business — Important Questions & Answers (FAQ)

Frequently asked questions from Tamil Nadu State Board CLASS 11th COMMERCE — Chapter 17: Social responsibility of business, with answers and explanations. These are sample questions; the exam has its own separate question set.

Social responsibility of business refers to the obligation of a business to:

A. Maximize profit only
B. Protect and improve the welfare of society ✓
C. Follow only government rules
D. Minimize costs of production

Answer: B. Protect and improve the welfare of society
Social responsibility involves the duty of a business to contribute to the welfare of society beyond mere profit-making.

Which of the following is a primary stakeholder group for a business?

A. Competitors
B. Government
C. Employees ✓
D. Media

Answer: C. Employees
Employees are internal stakeholders who are directly impacted by the business's operational decisions.

Which of the following is NOT a responsibility of a business towards the government?

A. Payment of taxes honestly
B. Adhering to laws and regulations
C. Providing jobs to politicians ✓
D. Contributing to national development

Answer: C. Providing jobs to politicians
Providing jobs to specific political figures is not a social or ethical responsibility of a business.

Compare the responsibility towards 'Owners' vs 'Society' in a business context:

A. Owners prioritize long-term sustainability while society prioritizes dividends
B. Owners focus on financial returns while society focuses on public welfare ✓
C. Both have identical goals
D. Society is responsible to owners

Answer: B. Owners focus on financial returns while society focuses on public welfare
The primary responsibility to owners is financial growth, whereas society expects ethical practices and welfare.

Which of the following scenarios is an example of ethical conduct in business?

A. Selling expired goods if they are not harmful
B. Disclosing true information about product side effects ✓
C. Bribing government officials to speed up permits
D. Hiding production costs to manipulate prices

Answer: B. Disclosing true information about product side effects
Transparency and honesty with consumers regarding product features reflect high ethical standards.

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Chapter 18: Business Ethics and Corporate Governance