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Social Responsibility of Business and Business Ethics Test - 11

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Social Responsibility of Business and Business Ethics Test - 11
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Social responsibility is ______________.
    Solution
    Social responsibility means responsibility of an organisation to make the well-being of the society at large.  Hence, social responsibility is broader than legal responsibility.
  • Question 2
    1 / -0
    (a) Economic policies of a government, play a significant role in determining the economic environment of business in a country.
    (b) Economic policies are classified under four heads: (1) industrial policy. (2) Trade policy, (3) Monetary policy and (4) Fiscal policy
    Of these:
    Solution

  • Question 3
    1 / -0
    Business ethics mainly ________.
    Solution
    Individuals are often required to make decisions in the business environment every day. Working for a company often requires following an ethical model or framework when making these decisions. Business ethics outlines the acceptable behavior companies expect to see from their employees. Strong decision making and business ethics can also help companies select the best business opportunities. Decision making in business ethics usually requires companies to identify specific ethical standards, which often means different things to different people. As organizations continue to grow and expand, new individuals are hired who may not have the same ethical standards as individuals already working in the company. A difference in ethics often changes how individuals approach the decision-making process.
  • Question 4
    1 / -0
    Business ethics relates to _________.
    Solution
    • Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment.
    • It applies to all aspects of business conducted and is relevant to the conduct of individuals and entire organizations.
    • These ethics originate from individuals, organizational statements or from the legal system. These norms, values, ethical, and unethical practices are used to guide business.
    • They help those businesses maintain a better connection with their stakeholders.
    • An individual's and group's decision play a major role in maintaining the ethical environment in any organisation.
  • Question 5
    1 / -0
    Ethics is important for _____________.
    Solution
    Ethics are basically moral principles that governs a person's behaviour or an activity. When a person follows ethics in his business he becomes successful. Ethics is important in business to keep a proper flow of communication between management and employees. Hence, ethics is important for top management, middle-level managers and non-managerial employees.
  • Question 6
    1 / -0
    Environmental protection can best be done by the efforts of __________.
    Solution

  • Question 7
    1 / -0
    The crucial step in understanding business ethics is __________.
    Solution
    Ethics in business refers to the application of day-to-day moral or ethical norms to business. Business Ethics are the principles and standards that determine acceptable conduct in business organizations. Ethics in business refers to the application of day-to-day moral or ethical norms to business. Business Ethics are the principles and standards that determine acceptable conduct in business organizations. Recognizing the main ethical issues pertaining to the organization is a very important step. Without this step, no proper measure to remove the ethical issues can be taken.
  • Question 8
    1 / -0
    Carbon monoxide emitted by automobiles directly contributes to ____________.
    Solution
    Carbon monoxide is the colorless, odorless and tasteless gas that is slightly less dense than air. It is emitted by vehicles. It mixes with the air and causes air pollution on a large scale. Carbon monoxide is released through emissions through automobiles, thermal power plants,etc. 
  • Question 9
    1 / -0
    Which of the following can explain the need for pollution control?
    Solution
    Pollution happens when something poisonous or harmful thing is added to the environment. It is very harmful human beings as well. There is a need to control pollution on a large scale. There is a need to control pollution because it helps in cost savings, reduction risk of liability and reduction of health hazards as well.
  • Question 10
    1 / -0
    Business people have the skills to solve ___________.
    Solution
    Business people are skillful. They have innovative power. They try to comply with the social responsibilities associated to them. But, business people do not have the motivation to solve all social problems as private companies main aim is to maximize profits. Hence, they are only able to solve a few social problems. 
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