Self Studies
Self Studies
Self Studies
Self Studies

Social Responsibility of Business and Business Ethics Test - 25

Result Self Studies

Social Responsibility of Business and Business Ethics Test - 25
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    Which of the following is feature of business ethics ? 
    (1) Business ethics has a universal application. 
    (2) It is a relative norm. It differs from business to business. 
    (3) Business ethics is based on well accepted moral and social values. 
    $$\mathit{Select\,the\,correct\,answer\,from\,the\,options\,given\,below - }$$
    Solution
    Ethical principles are universal in nature. They prescribe obligations and virtues for everybody in a society. They are important not only in business and politics but in every human endeavour.
    Ethics relates to the formalised principles derived from social values. It deals with the moral choices that we make in the course of performing our duties with regard to the other members of society. Hence, it is relevant in the context of a society only.
    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. 
  • Question 2
    1 / -0
    The issues of ethics faced by HRM include ________________.
    Solution
    Human resource management (HRM) plays a decisive role in introducing and implementing ethical practices in an organisation. Ethics should be a pivotal issue for HR specialists. The ethics of human resource management (HRM) covers those ethical issues that arise around the employer-employee relationship, such as the rights and duties issues between the employer and employee. 
    The ethical issues faced by HRM include Discrimination issues, i.e., discrimination on the bases of age, gender, race, religion, disabilities etc.
  • Question 3
    1 / -0
    The term 'business ethics' came into common use in year ____________.
    Solution
    The term refers to recent developments and to the period, since roughly the early $$1970s$$, when the term 'business ethics' came into common use in the United States. Its origin in this sense is found in the academy, in academic writings and meetings, and in the development of a field of academic teaching, research and publication.
  • Question 4
    1 / -0
    Which of the following is a feature of business ethics?
    Solution
    Business ethics has a universal application. Moreover, it is a relative norm i.e. it differs from business to business. Furthermore, Business ethics is based on well-accepted moral and social values. Business ethics act as guiding principles for the functioning of the business. It assists in learning human behaviour in a business situation.
    Thus, the correct answer is D.

  • Question 5
    1 / -0
    The four types of social responsibility include _______________________.
    Solution
    In general, businesses have a hierarchy of responsibilities to meet, ranging from the basic (making a profit) to the benevolent (benefiting society). Here are some examples:
    • Economic Responsibilities - A business exists to make a profit for shareholders. If it fails to do so, it likely won’t be able to pay its employees, taxes and other obligations. A corporate social responsibility program (CSR program) cannot be implemented until a business is profitable.
    • Legal Responsibilities - Following the law is the foundation of corporate responsibility. A company cannot benefit society if it does not adhere to labor and tax laws or applicable industry regulations.
    • Ethical Responsibilities - Once a company is profitable and meets its legal responsibilities, it can move up the ladder to ethical responsibilities, which might include paying higher wages, offering employees better benefits, avoiding trade with unscrupulous companies or providing jobs to those who would otherwise have difficulty finding work.
    • Philanthropic Responsibilities - As a company meets its economic, legal and ethical responsibilities, it can consider taking on philanthropic responsibilities. Corporate philanthropy ranges in size and scope, and can include everything from donating time to a local charity to building a children’s hospital.
  • Question 6
    1 / -0
    Which functional area in business ethics is about obeying to rules and authority?
    Solution
    Since about 1970, several major business and government excesses were seen in the United States to generate subsequent legal, public and political reaction.
    Ethics and compliance are essentially different sides of the same coin.Compliance is following the law, while ethics is doing what is right regardless of what the law says. Compliance is something that the government requires you todo. Ethics, on the other hand, is something you choose to consider when taking action.
  • Question 7
    1 / -0
    _________ is about obeying and adhering to rules and authority.
    Solution
    Ethics are the guiding principles for the business function. Moreover, code resembles the activities of the business. Then, Conduct refers to a set of organizational values, beliefs, standards, and ethics to which the business and its employees must adhere. Furthermore, Compliance is about obeying and adhering to rules and authority.
    Thus, the correct answer is D.


  • Question 8
    1 / -0
    Business Ethics is a code of conduct which businessmen should follow while conducting their _________.
    Solution
    Business ethics is one of the important branches of applied ethics. Business ethics is the application of general ethical ideas to business. Business ethics refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others. Business essentially is a means of society to use scarce resources to produce in an efficient manner those goods and services which society wants and is willing to pay for. Businesses must balance their desire to maximize profits against the needs of stakeholders. 
  • Question 9
    1 / -0
    A whistle blower is an employee who __________________.
    Solution
    A whistleblower is an employee that reports an employer's misconduct. There are laws that protect whistleblowers from being fired or mistreated for reporting misconduct. One of these laws is the Whistleblower Protection Act.
  • Question 10
    1 / -0
    Business ethics has a ______ application.
    Solution
    Ethical principles are universal in nature. They prescribe obligations and virtues for everybody in a society. They are important not only in business and politics but in every human endeavour. 
Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now