Social Responsibility of Business and Business Ethics Test

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Social Responsibility of Business and Business Ethics Test - 23

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Weekly Quiz Competition

Question 1
1 / -0

The crucial step in understanding business ethics is?

A
Establishing codes of ethics

B
Learning to recognize ethical issues

C
Having efficient operations.

D
Implementing a strategic plan

Solution

Learning to recognize the ethical issues in an organization is the most crucial step in understanding and formulating business ethics. Without understanding the ethical issues pertaining in the organization, no proper code of conduct and code of ethics can be formulated. After understanding the issues, a proper code can be formulated and implemented.
Question 2
1 / -0

Which of the following statements about business ethics is true?

A
It concerns the impact of a business activities on society

B
It refers to principles and standards that determine acceptable behaviour 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 regulators, interest groups, competitors and individual's personal moral values

Solution

Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders.
Question 3
1 / -0

The term socio-technical systems was coined by __________.

A
Ken Bamforth

B
Fred Emery

C
Eric Trist

D
All the above

Solution

The term sociotechnical systems was coined by Eric Trist, Ken Bamforth and Fred Emery, in the World War II era, based on their work with workers in English coal mines at the Tavistock Institute in London.
Question 4
1 / -0

___________ is one of the principle in business ethics.

A
Loyalty

B
Security

C
Integrity

D
Both a & c
Solution
principle in business ethics:-
Honesty
Integrity
Promise-Keeping & Trustworthiness
Loyalty
Fairness
Concern for Others
Respect for Others
Law Abiding
Commitment to Excellence
Leadership
Reputation & Morale
Accountability
Question 5
1 / -0

It was decided that every business should have a written ethics code. This shows.

A
Code of Ethics

B
Strong code of ethics

C
Neither a nor b

D
None of the above

Solution

A strong code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held.
Question 6
1 / -0

The contribution a company makes to society through its core business activities social investment and philanthropy programmes, and its engagement in public policy known as ___________.

A
Corporate culture

B
Corporate image

C
Corporate values

D
Corporate citizenship
Question 7
1 / -0

Government gives awards for ethics shown by business people. The name of the award is?

A
Indira Gandhi Paryavaran Puraskar

B
Indira Gandhi Kiteracy Puraskar

C
Rajeev Gandhi Paryavaran Puraskar

D
Mahatma Gandhi Paryavaran Puraskar

Solution

Indira Gandhi Paryavaran Puraskar ( Indira Gandhi Environment Award) is an environment award instituted by the Ministry of Environment and Forests, Government of India in the year $$1987$$, in order to encourage public participation in environment. It is awarded to individuals and organizations that have made significant and measurable contributions in the field of environment protection and improvement.The prize is presented every year on an occasion related to the environment.
Question 8
1 / -0

Which statement is false?

A
Fewer and fewer companies are adopting codes of ethics

B
More and more companies are adopting codes of ethics

C
Some ethical responses can be learned through experience

D
Social responsibility involves providing quality products and pricing products fairly

Solution

A written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards. Hence more and more companies are adopting code of ethics.
Question 9
1 / -0

In business ethics, the stakeholder theory of business ethics maintains that managers have an ethical responsibility to manage a firm for the benefit of all its stockholders, and for people who have a claim on a company.

A
True

B
False

C
Partially true

D
Partially false

Solution

The different stakeholders also have a self interest. The interest of these different stakeholders are at times conflicting. The managers and the corporation are responsible to mediate between these different stakeholders interest. The stake holders have solidarity with each other. This theory assumes that stakeholders are capable and willing to negotiate and bargain with one another. This results in long term self interest.
The role of shareholders is reduced in the corporation. But they should also work to make their interest compatible with the other stake holders. This, requires integrity and managers play an important role here. They are faithful agents but of all stakeholders, not just stockholders.
Question 10
1 / -0

Ethics is a study of.

A
The rind of action a man should do

B
Rules that define the course of action

C
Discussion the right and wrong conduct

D
All of the above

Solution

Ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.
Thus, ethics relates to the standards of conduct and moral judgements that differentiate right from wrong. Ethics is not a natural science but a creation of the human mind. For this reason, it is not absolute and is open to the influence of time, place and situation.

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Social Responsibility of Business and Business Ethics Test - 23

Result

Social Responsibility of Business and Business Ethics Test - 23

Score

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Rank

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SHARING IS CARING

Question 1

Establishing codes of ethics

Learning to recognize ethical issues

Having efficient operations.

Implementing a strategic plan

Solution

Question 2

It concerns the impact of a business activities on society

It refers to principles and standards that determine acceptable behaviour 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 regulators, interest groups, competitors and individual's personal moral values

Solution

Question 3

Ken Bamforth

Fred Emery

Eric Trist

All the above

Solution

Question 4

Loyalty

Security

Integrity

Both a & c

Solution

Question 5

Code of Ethics

Strong code of ethics

Neither a nor b

None of the above

Solution

Question 6

Corporate culture

Corporate image

Corporate values

Corporate citizenship

Question 7

Indira Gandhi Paryavaran Puraskar

Indira Gandhi Kiteracy Puraskar

Rajeev Gandhi Paryavaran Puraskar

Mahatma Gandhi Paryavaran Puraskar

Solution

Question 8

Fewer and fewer companies are adopting codes of ethics

More and more companies are adopting codes of ethics

Some ethical responses can be learned through experience

Social responsibility involves providing quality products and pricing products fairly

Solution

Question 9

True

False

Partially true

Partially false

Solution

Question 10

The rind of action a man should do

Rules that define the course of action

Discussion the right and wrong conduct

All of the above

Solution

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