Table of Contents
NCERT MCQ ON Social Responsibilities of Business and Business Ethics :
Q.1 Ethics is important for
(a) Non-managerial employees
(b) Middle-level managers
(c) Top management
(d) All of the above
Answer
(d) All of the above
Q.2 Business people have the skill to involve
(a) Some social problems
(b) All economic problems
(c) No social problems
(d) All social problems
Answer
(a) Some social problems
Q.3 The word ‘Ethics’ has its origin in the________
(a) Greek Word
(b) British Word
(c) Indian Word
(d) Latin Word
Answer
(a) Greek Word
Q.4 Which of the following is capable of doing maximum good to society?
(a) Business success
(b) Laws and regulations
(c) Ethics
(d) Professional management
Answer
(c) Ethics
Q.5 Carbon monoxide emitted by automobiles directly contributes to
(a) Water pollution
(b) Noise pollution
(c) Land pollution
(d) Air pollution
Answer
(d) Air pollution
Q.6 That an enterprise must behave as a good citizen is an example of its responsibility towards
(a) Owners
(b) Workers
(c) Consumers
(d) Community
Answer
(d) Community
Q.7 If business is to operate in a society which is full of diverse and complicated problems, it may have
(a) Little chance of success
(b) Great chance of success
(c) Little chance of failure
(d) No relation with success or failure
Answer
(a) Little chance of success
Q.8 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
Answer
(c) Both firm’s and society interest
Q.9 Social responsibility is
(a) Broader than legal responsibility
(b) Same as a legal responsibility
(c) Narrower than legal responsibility
(d) None of the above
Answer
(a) Broader than legal responsibility
Q.10 ADRs are issued in
(a) USA
(b) China
(c) India
(d) Canada
Answer
(a) USA
Q.11 Running of factories and vehicles cause______
(a) Land pollution
(b) Water Pollution
(c) Noise Pollution
(d) None of the above
Answer
(c) Noise Pollution
Q.12 Funds required for purchasing current assets are known as
(a) Working capital
(b) Fixed capital
(c) Lease financing
(d) Retained earnings
Answer
(a) Working capital
Q.13 It includes the behavior of the firm expected by the society but not codified by law. Identify the category of social responsibility referred to here.
(a) Economic Responsibility
(b) Ethical Responsibility
(c) Legal Responsibility
(d) All of the above
Answer
(b) Ethical Responsibility
Q.14 Which of the following statements about ethical standards are TRUE?
(a) The upper limits of ethical standards are set by individual standards
(b) The laws of economically developed countries generally define the lowest common denominator of acceptable behaviour
(c) The actual degree of enforcement of the law in an underdeveloped country would determine the lower limit of permissible behaviour
(d) All of the above
Answer
(d) All of the above
Q.15 Which statement is true?
(a) Human values system plays a vital role in total quality management
(b) Values give the real meaning to total quality management effort
(c) Total quality management is a corporate management strategy
(d) All of the above
Answer
(d) All of the above
Q.16 The national Society of Professional Engineers had a code, which requires professionals to
(a) Dissociate themselves from organizations that are of a questionable character
(b) Further the cause of public good
(c) Advise clarity, the consequences, if a technical opinion is overruled by a non-technical person
(d) All of the above
Answer
(d) All of the above
Q.17 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)
Answer
(a) Industrial development bank of India (IDBI)
Q.18 Providing charitable contributions to educational institutions is ______
(a) Legal responsibility
(b) Economic responsibility
(c) Discretionary responsibility
(d) None of the above
Answer
(c) Discretionary responsibility
Q.19 Every business has a responsibility to operate within the laws of the land as per the _______
(a) Legal responsibility
(b) Financial responsibility
(c) Economic responsibility
(d) None of the above
Answer
(a) Legal responsibility
Q.20 Which of the following does not contribute to the development of a manager’s standard of ethics?
(a) competitor behaviours
(b) society’s norms and values
(c) individual life experiences
(d) environmental situations
Answer
(a) competitor behaviours
Q.21 The hand-of-government refers to the
(a) ability of the government to interfere in business negotiations
(b) role of corporations to be profitable within the law
(c) effect of national politics on business decisions
(d) impact of changing government regulations
Answer
(d) impact of changing government regulations
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