MCQ Based Questions on Class 11 Business studies for chapter-6 Social Responsibility of Business and Business ethics
Find below MCQ Based Questions on Class 11 Business studies for chapter-6 Social Responsibility of Business and Business ethics all the MCQ questions are explained with correct answers and explanations. To check the correct answer click on the answer.
Find MCQ questions for class 11 Business studies-6 Social Responsibility of Business and Business ethics
Business Studies - MCQ on Social Responsibility of Business and Business ethics
Class XI
Q. 1. Social responsibility is
I. Same as legal responsibility
II. Broader than legal Responsibility
III. Narrower than Legal responsibility
IV. None of them
Answer:
.II. Broader than legal Responsibility
Explanation: Social responsibility of business means obligation to act in a manner which will serve the best interest in the society
Q. 2. If business is to operate in a society which is full of diverse and
complicated problems, it may have
I. Little chance of success
II. Great chance of success
III. Little chance of failure
IV. No relation with success or failure.
Answer:
III.Little chance of success
Explanation: If a business is operating in a society which has a lot of problems then it is very difficult for a business to flourish
Q. 3. Business people have the skills to solve
I. All social problems
II. Some social problems
III. No social problems
IV. All economic problems
Answer:
II Some social problems
Explanation: Business people can solve some social problems and he can contribute by performing his duties by keeping in mind the society
Q. 4. An enterprise must behave as a good citizen is an example of its Responsibility towards
I. Owners
II. Workers
III. Consumers
IV. Community
Answer:
IV Community
Explanation: Business is an essential part of community and it should behave in a right manner so that community can be benefited
Q. 5. Environmental protection can best be done by the efforts of
I. Business people
II. Government
III. Scientists
IV. All the people
Answer:
IV All the people
Explanation: The whole community or societies have to come together and work for the protection
Q. 6. Carbon monoxide emitted by automobiles directly contributes to
I. Water pollution
II. Noise pollution
III. Land pollution
IV. Air pollution
Answer:
IV Air pollution
Explanation: Air Pollution is caused by carbon monoxide which is formed by incomplete burning
Q. 7. Which of the following can explain the need for pollution control?
I. Cost savings
II. reduced risk of liability
III. Reduction of health hazards
IV. All of them
Answer:
. III. Reduction of health hazards
Explanation: Due to pollution a lot of health problem has occurred so there is a need of pollution control.
Q. 8. Which of the following is capable of doing maximum good to society?
I. Business success
II. Laws and regulations
III. Ethics
IV. Professional management
Answer:
II Laws and regulations
Explanation: The laws, rules and regulations is a frame in which the society has worked
Q. 9. Ethics is important for
I. Top management
II. Middle-level managers
III. Non-managerial employees
IV. All of them
Answer:
IV All of them
Explanation: Ethics is important for all the managers of the management
10. Which of the following alone can ensure effective ethics programme in a
Business enterprise?
I. Publication of a code
II. Involvement of employees
III. Establishment of compliance mechanisms
IV. None of them
Answer:
III.Establishment of compliance mechanisms
Explanation: If the compliance is strong then the ethics programme in a business enterprise can be implemented properly.
Q. 11.Social responsibility has a main feature
I. Involuntary action
II. Voluntary action
III. Compulsory action
IV. None
Answer:
II Voluntary action
Explanation: Social responsibility involves an element of voluntary action on the part of business people for the benefit of society.
Q. 12.What are the main arguments against social responsibility?
I. Violation of profit maximization objective
II. Burden on consumers
III. Lack of social skills
IV. All
Answer:
.IV.All
Explanation: Social Responsibility is a barrier in profit, it is burden on consumers and there is lack of social skills
Q. 13.What is the principle of caveat emptor?
I. Let the seller be aware
II. Let the community be aware
III. Let the industry be aware
IV. Let the buyer be aware
Answer:
IV Let the buyer be aware
Explanation: This principle states that the buyer should beware of the facts of products and the seller should not hide anything about the product.
Q. 14.Social interest and business interest is
I. Supplementary to each other
II. Complementary to each other
III. Contradictory to each other
IV. One and the same thing
Answer:
II.Complementary to each other
Explanation: Both the interests are totally opposite business interest is profit maximization and social interest is for the betterment of the society.
Q. 15 .What is economic responsibility?
I. Business within rules and regulation
II. Selling quality goods and earning profit
III. Developing society
IV. None
Answer:
II selling quality goods and earning profit
Explanation: Its primary social responsibility is economic i.e., produce goods and services that society wants and sell them at a profit.
Q. 16.What is a legal responsibility?
I. Trading with rules
II. Earning profit and paying tax
III. Developing legal awareness among people
IV. None
Answer:
I Trading within rules
Explanation: Legal responsibility means doing business according to rules and regulation
Q. 17.Providing charitable contributions to educational institutions come under which responsibility?
I. Economic Responsibility
II. Ethical Responsibility
III. Legal responsibility
IV. Discretionary responsibility
Answer:
IV.Discretionary responsibility
Explanation: This refers to purely voluntary obligation that an enterprise assumes,
Q. 18.What is the responsibility of business?
I. A fair return to the shareholders
II. Interest to shareholders
III. Providing their shares back
IV. Forcing them to purchase more shares
Answer:
.I.A fair return to the shareholders
Explanation: A business is responsible to provide a good return to their shareholders and declare dividend time it time
Q. 19. Environment is defined as
I. Nature
II. Total man’s surrounding
III. Trade and commerce
IV. Social circle
Answer:
II Total man’s surrounding
Explanation: Εnvironment is defined as the totality of man’s surroundings — both natural and man-made.
Q. 20.What is the major cause of deteriorating the environment?
I. Industrial activities
II. Social Activities
III. Trading
IV. Human development activities
Answer:
I Industrial activities
Explanation: It is widely recognized that the quality of the environment is fast deteriorating particularly due to industrial activity.
Q. 21.Pollution changes the
I. Physical, characteristics
II. Chemical characteristics
III. Biological characteristics
IV. All
Answer:
IV.All
Explanation: Pollution changes all the characteristics of the product.
Q. 22. What is the main cause of pollution
I. Waste
II. Trade
III. Production
IV. Consumption
Answer:
I. Waste
Explanation: Waste is the major cause which polluted the environment so managing waste is a major challenge
Q. 23.What is the effect of depletion of ozone layer?
I. Global Cooling
II. Global warming
III. Green house effect
IV. Environmental changes
Answer:
II.Global warming
Explanation: Due to hole in ozone layer direct sunlight reaches the earth so it causes global warming
Q. 24.What problems are identified by United Nations which causes environmental degradation
I. Ozone depletion
II. Global warming
III. Solid and hazardous wastes
IV. All
Answer:
IV All
Explanation: The environmental degradation caused by depletion of ozone layer, global warming and solid and hazardous wastes.
Q. 25.loss of hearing may be caused by
I. Air pollution
II. Water Pollution
III. Noise Pollution
IV. None
Answer:
III Noise Pollution
Explanation: The noise pollution is increasing tremendously so hearing loss is caused by Noise pollution
Q. 26 Why there is a need of pollution control?
I. Reduction of health hazards
II. Unfit to preserve normal life.
III. Cost expenditure.
IV. Physical,
Answer:
.I.Reduction of health hazards
Explanation: Due to pollution a lot of health problems have arised so pollution should be controlled
Q. 27.Which one does not fall into the business ethics
I. Supply goods and services
II. Earn profit without development.
III. May be good in terms of economic Performance
IV. Concerned with establishing linkages between individual good and social good.
Answer:
IV Concerned with establishing linkages between individual good and social good.
Explanation Ethics is concerned with what is right and what is wrong in human behavior judged on the basis of a standard form of conduct/behavior of individuals,
Q. 28.Social responsibility towards different interest groups does not involve
I. shareholders or owners,
II. workers,
III. consumers and
IV. Indian Cricket Team
Answer:
IV.Indian Cricket Team
Explanation: Indian Cricket team of a producer does not care about Indian cricket team
Q. 29.Rights relating to life, liberty, equality and dignity of the individual guaranteed by the constitution is called
I. Social Responsibility
II. Economic Responsibility
III. Human rights
IV. Ethics
Answer:
III.Human rights
Explanation: Human rights mean the rights relating to life, liberty, equality and dignity of the individual guaranteed by the constitution and enforceable by courts in India.
Q. 30.What is the responsibility of producer towards the Government?
I. Timely payment of taxes
II. Fair terms and conditions
III. No unfair and anti-social practice
IV. Welfare of community
Answer:
I.Timely payment of taxes is the main responsibility of producer towards government
Explanation: Honest and timely payment of taxes, compliance with laws and government policies
Q. 31 What do you mean by ecology?
I. Relationships of living beings with their natural or physical environment.
II. Relationships of living beings with their physical environment.
III. Relationships of living beings with their chemical and physical environment.
IV. Relationships of non living beings with their natural and physical environment.
Answer:
.I. Relationships of living beings with their natural or physical environment.
Explanation: Ecology is the relation between the natural and man made environment
Q. 32.What steps should be taken to protect environment?
I. Eco friendly
II. Recycled wastes
III. Modernize plant and machinery
IV. All
Answer:
IV.ALL
Explanation: co friendly or clean and low waste technology should be used by the industrial organization. Industrial wastes should be recycled as far as possible and Plant and machinery should be modernized to minimize pollution.
Q. 33.firm’s interest and the interest of society has given rise to
I. Economic Responsibility
II. Human rights
III. Ethics
IV. Social Responsibility
Answer:
IV.Social Responsibility
Explanation: Need for social responsibility of business arises both because of firm’s interest and the interest of society.
Q. 34.The social responsibility is important because
I. Justification for existence and growth,
II. long-term interest and image of the firm
III. Overall development
IV. All
Answer:
IV.All
Explanation: The social responsibility is very important for coexisting with economic and social, long term interest no regulation
Q. 35.Where was corporate social responsibility originated
I. U.K
II. Germany
III. U.S.A
IV. Canada
Answer:
III.U.S.A
Explanation: It originated in U.S.A where Government had passed Anti-Trust Act against monopolistic practices, so as to protect and improve the welfare of society.
Q. 36.Corporate Governance was originated in
I. U.K
II. Germany
III. U.S.A
IV. Canada
Answer:
I. U.K
Explanation: It originated in the U.K. for the purpose of improved
Accountability of directors
Q. 37.The environment is protected under:
I. The Environment (Protection) Act, 1986
II. The Forests (Conservation Act, 1980 amended in 1988
III. The Wildlife Protection Act, 1972
IV. The Air (Prevention and Control of Pollution) Act, 1974 amended in 1974 and 1988
Answer:
I.The Environment (Protection) Act, 1986
Explanation: This act was made to protect the environment which was made in 1986.
answer:
Q. 38.What is EAP
I. Environment Appreciation Plan
II. Environment Action Plan
III. Environment against pollution
IV. Environment Action pollution
Answer:
Environment Action Plan
Explanation: This was made to protect environment and take necessary plans
Q. 39.Which of the following is not a social responsibility of Business?
I. Economic Responsibility
II. Legal Responsibility
III. Ethical responsibility
IV. Capital Responsibility
Answer:
IΙ. Legal Responsibility
Explanation: There is no such responsibility and it does not come under social responsibility.
Q. 40.Which of the following is not improved by ethical business behavior?
I. Public Image
II. People’s confidence
III. Greater success
IV. Government’s trust
Answer:
IV. Government’s trust
Explanation: Government trust is not earned by a business if it is running ethically.