Social Responsibility of Business and Business Ethics Test

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Social Responsibility of Business and Business Ethics Test - 12

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Weekly Quiz Competition

Question 1
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Which of the following statements about business ethics is true?

A
It concerns the impact of business activities on society.

B
It refers to principles and standards that determine acceptable behavior in the world of business.

C
It relates to an individual's values and moral standards and the resulting business decisions he or she makes.

D
What is ethical is determined by the public, government and individual's personal moral values.

Solution

Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed. Business ethics is the study of proper business policies and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. Law often guides business ethics, while other times business ethics provide a basic framework that businesses may follow to gain public acceptance.
Question 2
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Which of the following is capable of doing maximum good to society?

A
Business success

B
Laws and regulations

C
Ethics

D
Professional management

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. Hence, ethics is capable of doing good to society.
Question 3
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Behaviour that does not conform to generally social norms will be considered as __________.

A
arrogant behavior

B
arbitrary behavior

C
ethical behavior

D
unethical behavior
Solution
- Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry.
- Individuals might behave unethically, as might businesses, professionals etc.
- Unethical behavior is behavior that is contrary to the moral principles as well as the principles admired in the community.
- Moral principles, such as fairness, honesty, dignity, and concern for individual rights are of profound importance.
Question 4
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It is not uncommon for a business to behave ethically because _______.

A
it has to protect its own interest

B
it has to keep its commitment

C
it has to protect the interest of employees

D
all of the above

Solution

Ethics apply to businesses as well personal behavior. Business ethics is the application of ethical behavior by a business or in a business environment. An ethical business not only abides by laws and appropriate regulations, it operates honestly, competes fairly, provides a reasonable environment for its employees, and creates partnerships with customers, vendors, and investors. In other words, it keeps the best interest of all stakeholders at the forefront of all decisions.
Question 5
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Feature that is not present in business ethics are ________.

A
it has universal application

B
it is absolute in nature

C
it depends from business to business

D
it cannot be enforced by law

Solution

Business ethics are not absolute in nature. The concept of nature of ethics depend from person to person, organisation to organisation. What may be ethical to one, may be unethical to another. This is the reason ethics can never be absolute because there are no fixed rules. The concept of ethics makes it relative.
Question 6
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__________ refers to ethical or unethical behaviours by employees in the context of their jobs.

A
Social ethics

B
Business ethics

C
Collusion

D
Social responsibility

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 businesses maintain a better connection with their stakeholders.
Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern the actions and behavior of an individual in the business organization.
Employees often need to make various moral decisions in the workplace. These workplace decisions have to be made depending on moral obligations.
Question 7
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Unconscious biases can lead to unethical behaviour because the biases sometimes __________.

A
create self - hatred

B
compel us to search the maximum profit in each situation

C
lead us to behave in unjust ways toward others

D
make us try hard to be ethical

Solution

Bias is a prejudice in favor of or against a thing, person, or group compared with another usually in a way that’s considered to be unfair. Biases may be held by an individual, group, or institution and can have negative or positive consequences. Unconscious bias refers to a bias that we are unaware of, and which happens outside of our control. It is a bias that happens automatically and is triggered by our brain making quick judgments and assessments of people and situations, influenced by our background, cultural environment, and personal experiences. This might lead to behave in unjust ways towards other.
Question 8
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If a company has ethics then it gets back from the employees _________.

A
time

B
skill & energy

C
return out of money

D
both a & b

Solution

Companies who follow ethics have an added advantage. Nowadays in the generation of awareness, employees try to work in an organisation who follow ethics in its business. When the organisation runs in an ethical way, employees tend to devote more time and work with full energy and uses its best skills for the best result. They cooperate and work as integral part of the organisation. Apart from this, employees also feel satisfied with working in an ethical environment.
Question 9
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Government gives awards for ethics shown by business people. The name of the award is ______________________.

A
Indira Gandhi Paryavaran Puraskar

B
Indira Gandhi Literacy Puraskar

C
Rajeev Gandhi Paryavaran Puraskar

D
Mahatma Gandhi Paryavaran Puraskar

Solution

Indira Gandhi Paryavaran Puraskar is an annual award given to those who have a significant impact on the protection of the environment. Areas of work like prevention of pollution, conservation of natural readily, fieldwork for the enrichment of the environment etc are considered while selecting the winner. These ethics of saving the environment while working as business people is of utmost importance for the benefit of both society and business.
Question 10
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EBEN stands for ____________.

A
European Business Ethics network

B
European Business Ethics nation

C
European Business Ethics national

D
none of the above

Solution

The European Business Ethics Network works to promote business ethics in all sectors of society throughout Europe. Working with local, national, and regional actors (person or entity with the capacity of having an impact in trade relations), $$EBEN$$ seeks to increase awareness about corporate responsibility and encourage higher standards by facilitating dialogue and research on various issues pertaining to corporate ethics. $$EBEN's$$ Annual Conference brings together academics from different parts of Europe to explore new ideas and methods for the ethical practice of business. Additionally, $$EBEN’s$$ Research Conference joins practitioners and academics to share findings and experiences in an effort to advance socially responsible practices in European businesses.

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Re-Attempt Weekly Quiz Competition

Social Responsibility of Business and Business Ethics Test - 12

Result

Social Responsibility of Business and Business Ethics Test - 12

Score

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Rank

-

SHARING IS CARING

Question 1

It concerns the impact of business activities on society.

It refers to principles and standards that determine acceptable behavior in the world of business.

It relates to an individual's values and moral standards and the resulting business decisions he or she makes.

What is ethical is determined by the public, government and individual's personal moral values.

Solution

Question 2

Business success

Laws and regulations

Ethics

Professional management

Solution

Question 3

arrogant behavior

arbitrary behavior

ethical behavior

unethical behavior

Solution

Question 4

it has to protect its own interest

it has to keep its commitment

it has to protect the interest of employees

all of the above

Solution

Question 5

it has universal application

it is absolute in nature

it depends from business to business

it cannot be enforced by law

Solution

Question 6

Social ethics

Business ethics

Collusion

Social responsibility

Solution

Question 7

create self - hatred

compel us to search the maximum profit in each situation

lead us to behave in unjust ways toward others

make us try hard to be ethical

Solution

Question 8

time

skill & energy

return out of money

both a & b

Solution

Question 9

Indira Gandhi Paryavaran Puraskar

Indira Gandhi Literacy Puraskar

Rajeev Gandhi Paryavaran Puraskar

Mahatma Gandhi Paryavaran Puraskar

Solution

Question 10

European Business Ethics network

European Business Ethics nation

European Business Ethics national

none of the above

Solution

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