MCQs For NCERT Class 11 Business Studies Chapter 6 Social Responsibilities of Business and Business Ethics

Please refer to the MCQ Questions for Class 11 Business Studies Chapter 6 Social Responsibilities of Business and Business Ethics with Answers. The following Social Responsibilities of Business and Business Ethics Class 11 Business Studies MCQ Questions have been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Business Studies with Answers for all chapters in your NCERT Class 11 Business Studies book.

Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions with Answers

See below Social Responsibilities of Business and Business Ethics Class 11 Business Studies MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question. The elements of management system in quality environment of TQM is
(a) Method and procedure
(b) Process
(c) Focus
(d) All of the above

Question. From the point of view of a business, government regulations are undesirable because:
(a) They limit the profit of business
(b) They limits the freedom of business
(c) They impose more taxes
(d) None of these

Question. Practicing socially desirable business activities:
(a) Improves the image of business in the society
(b) Makes the business more profitable
(c) Business can get durable success
(d) All of the above

Question. Without serving society a business firm cannot survive for
(a) one day
(b) one week
(c) Short-term
(d) long-term

Question. A business enterprise must behave as a good citizen is an example of responsibility of business towards the_______:
(a) Community
(b) Employees
(c) Owners
(d) Debtors

Question. Consumer satisfaction is required because
(a) Customer is king
(b) Customer provides business
(c) Customer helps providing profits
(d) All of the above

Question. The need for social responsibility arises due to the
(a) Firm’s interest
(b) Interest of society
(c) Both firm’s and society interest
(d) None of the above

Question. The word ‘Ethics’ has its origin in the ______
(a) Greek Word
(b) British Word
(c) Indian Word
(d) Latin Word

Question. Which one of the following is not principle business ethics?
(a) Principle of universality
(b) Principle of humanity
(c) Principle of autonomy
(d) Principle of dissatisfaction

Question. Which responsibility of the business is not the responsibility of the business to the government:
(a) Following the pollution laws as set by the government
(b) Establishment of the industrial undertaking as per the government norms
(c) Providing after sales service
(d) Payment of the fees, tax, surcharge etc. with the honesty.

Question. Which of the following institution provides financial assistance towards balanced regional development and development of management education in the country?
(a) Industrial development bank of India (IDBI)
(b) Industrial Finance Corporation of India (IFCI)
(c) Life insurance Corporation of India (LIC)
(d) Industrial Credit and Investment Corporation of India (ICICI)

Question. Milton Friedman stated his belief that ‘there is only one social responsibility’ for a company to use its resources to
(a) give as much to charitable causes as possible
(b) ensure employment
(c) provide good facilities for workers
(d) increase profits so long as it stays within the rules of the game

Question. Funds required for purchasing current assets are known as
(a) Working capital
(b) Fixed capital
(c) Lease financing
(d) Retained earnings

Question. Which of the following is not an argument in favour of social responsibility:
(a) Justification for existence and growth
(b) Holding business responsible for social problems
(c) Availability of resources with business
(d) Lack of broad public support

Question. The responsibility which is not codified in any law is termed as
(a) Legal responsibility
(b) Economic responsibility
(c) Ethical responsibility
(d) Discritionary responsibility

Question. Business ethics is ……… concept.
(a) Newer
(b) older
(c) Very older
(d) none of these

Question. Which one of the following statement is TRUE about Public deposits?
(a) Public deposit cannot exceed 25% of share capital and reserves
(b) Rate of interest offered on public deposits is lower than the rate of interest on bank deposits
(c) Public deposit are issued for a period of 6 months to 5 years
(d) It is one of the reliable sources of finance

Question. According to the concept of moral intensity, a worker is most likely to behave ethically and legally when
(a) a manager observes his or her behavior closely
(b) the worker has intense morals
(c) the consequences of the act are minor
(d) the consequences of the act are substantial

Question. All social problems can’t be solved by business enterprise because of lack of:
(a) Broad public support
(b) Social skills
(c) Resources
(d) all of the above

Question. The word „ethics? has its origin in the Greek word __________
(a) „ethics?
(b) „ethos?
(c) ethnic
(d) None

Question. It is the moral obligation business to get involved in solving social problems,instead of expecting other social agencies dealing with them. Is related to which justification of social responsibility:
(a) Better environment for doing business
(b)Holding business responsible for social problems
(c) Maintenance of society
(d) Converting problems into opportunities. 

Question. Whose involvement in implementing ethics programmes is a must.
(a) Employer
(b) Employees
(c)Managers
(d) None

Question. Which the following brings is changes the physical, chemical and biological charactertics of air, land, and water.
(a) Ethics
(b) pollution
(c) global warming
(d) social skill

Fill in the Blanks:

Question. To stop polluting the environment __________ can enact the laws to ban hazardous products.

Question. The principles of conduct for the whole organization in the form of written documents is __________ . 

Question. __________ are the real owner of the company.

Question. An enterprise must respect the __________ of the country. 

Question. Ensuring safety of investment is the responsibility of an enterprise towards __________.

True / False:

Question. Business ethics refer to the politically determined moral principles which should govern business activities.

Question. Profit motive is the only justification for the existence of the business.

Question. A firm and its image stands to gain maximum profits in the long run when it has its highest goal as ‘Service to Society’.

Question. Social responsibility is narrow term than legal responsibility.

Question. “Payment of taxes in theregular ”, is the example of responsibility towards community. True or False.

Match the following:

Question. Match the following forces of social responsibility in a business:-

1. Threat of public regulatory	(a) Increasing competition in the market
2. Impact of consumerism	(b) Actions taken by the government
	(c) Educated stakeholders

Question. Match the following arguments for social responsibility with their reasons:

1. Availability of resources with business	(a) Social problems perpetuated by business
2. Maintenance of society	(b) Pool of capital and years of experience
	(c) laws can’t be passed for all circumstaces

Question. Match the following stakeholders with expected social responsibility of enterprise.

1. Employees	(a) Providing the desired quality of goods & services.
2. Consumers	(b) Providing good working condition & satisfactory remuneration
	(c) Providing the regular rate of return their regular investment.

Question. Match the following concepts with their meaning.

1. Ethics	(a) The objectives and values desired by the society
2. Social responsibility	(b) It has a legal or political power.
	(c) What is right what is wrong.

Question. Match the statement towards which stakeholder is social responsibility followed:

1. To supply right quality of goods and services at reasonable Prices.	(a) consumers
2. To ensure safety of investment	(b) society
	investors

Pictorial Questions:

Question. This picture is related to which concept of business enterprise where the interest of society,
employees, consumers and community are considered?

Question. This picture shows one of the environmental pollution. Name it.

Question. Business enterprise have added these principles create a core value of the business for future growth. Identify the core value with the help of given below picture.

Question. Identify stakeholders from the picture given below.

Question. What concept of business social responsibility is shown in this picture?