Social Responsibility of Business and Business Ethics Class 11 MCQ Questions are covered in this Article. Social Responsibility of Business and Business Ethics Class 11 MCQ Test contains 25 questions. Answers to MCQs on Social Responsibility of Business and Business Ethics Class 11 Business Studies are available after clicking on the answer. These MCQ have been made for Class 11 students to help check the concept you have learnt from detailed classroom sessions and application of your knowledge.
Social Responsibility of Business and Business Ethics Class 11 MCQ – Business Studies
1. Which of the following is an example of socially undesirable practices:
a) Sale of adulterated goods
b) Making deceptive advertisements
c) Exploiting workers
d) All of these
Answer
Answer: D) All of these
2. Which of the following are examples of socially desirable practices:
a) Supplying good quality goods
b) Creating healthy working conditions
c) Honestly paying taxes
d) All of these
Answer
Answer: D) All of these
3. 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
Answer
Answer: D) All of these
4. For a business which is a broader term social responsibility or legal responsibility:
a) Both are equally important
b) Social responsibility
c) Legal responsibility
d) None of the above
Answer
Answer: B) Social responsibility
5. Social responsibility is a firm’s recognition of_________:
a) Profit making
b) Growth
c) Social obligation
d) None of the above
Answer
Answer: C) Social Obligation
6. Social responsibility of a business is________what is written in the law:
a) Restricted to
b) Not more than
c) More than
d) Equal to
Answer
Answer: C) More than
7. 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
Answer
Answer: D) Lack of broad public support
8. A business can stand to gain maximum profit in the long run only because of:
a) Desiring for more and more profits
b) Working hard day and night
c) Providing service to the society
d) All of these
Answer
Answer: C) Providing service to the society
9. When employees are not satisfied with the business enterprise they can withdraw their contribution to the business firm, which argument in favour of social responsibility states this:
a) Long-term interest of the firm
b) Justification for existence and growth
c) Avoidance of government regulation
d) Converting problems into opportunities
Answer
Answer: A) Long-term interest of the firm
10. 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
Answer
Answer: A) Community
Social Responsibility of Business and Business Ethics Class 11 MCQ – Business Studies
11. 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
Answer
Answer: B) They limits the freedom of business
12. Business can help society to tackle its problems because of:
a) Converting problems into opportunities
b) Violation of profit maximisation objective
c) Availability of resources with business
d) Burden on consumers
Answer
Answer: C) Availability of resources with the business
13. If business is to operate in a society which is full of diverse and complicated problems then it may have:
a) More chances to grow
b) More profits
c) Little chance of success
d) Little chance of loss
Answer
Answer: C) Little chance of success
14. ________is the problems in the society,________is the environment for a firm to conduct its business:
a) Less; less
b) More; better
c) Less; better
d) More; more
Answer
Answer: C) Less; better
15. Which of the following problems are said to be created by a business firm in the society:
a) Environmental pollution
b) Unsafe workplaces
c) Corruption in public institutions
d) All of these
Answer
Answer: D) All of these
16. Social responsibility is against the objective of maximising profits in the business. Which argument against social responsibility states this:
a) Lack of social skills
b) Violation of profit maximisation objective
c) Burden on consumers
d) Lack of broad public support
Answer
Answer: B) Violation of profit maximisation objective
17. Some social responsibilities require huge financial investments and business firms charge higher prices of goods from customers to overcome the needs of such financial investments. This is stated under which heading of arguments against social responsibility?
a) Lack of social skills
b) Lack of broad public support
c) Burden on consumers
d) Violation of profit maximisation objective
Answer
Answer: C) Burden on consumers
18. According to_________argument against social responsibility, businessmen do not have the necessary understanding and training to solve social problems:
a) Violation of profit maximisation objective
b) Burden on consumers
c) Lack of broad public support
d) Lack of social skills
Answer
Answer: D) Lack of social skills
19. Which of the following is a responsibility of business firms towards the government:
a) Payment of taxes regularly
b) Supply of goods at a reasonable price to the customers
c) Safety of investments provided by shareholders
d) All of these
Answer
Answer: A) Payment of taxes regularly
20. A firm has the social responsibility of providing fair returns to its_________:
a) Customers
b) Suppliers
c) Debtors
d) Investors
Answer
Answer: D) Investors
21. Primary social responsibility of business is________ which means producing goods and services according to the wants of the society and sell them at a profit:
a) Legal
b) Economic
c) Ethical
d) Discretionary
Answer
Answer: B) Economic
22. The enterprise must respect the democratic rights of the workers to form________, is a responsibility of the business firms towards its workers:
a) Group
b) Center
c) Union
d) Building
Answer
Answer: C) union
23. Protection of environment is a social responsibility of business towards:
a) Consumers
b) Workers
c) Shareholders
d) Government and community
Answer
Answer: D) Government and community
24. Providing accurate and up to date information on the financial position of the company is a social responsibility of business towards its:
a) Workers
b) Consumer
c) Shareholder
d) Government and community
Answer
Answer: C) Shareholders
25. Which of the following is not the social responsibility of business firms towards its investors:
a) To ensure safety of capital
b) To give appropriate safety
c) To ensure proper utilization of capital
d) To give proper dividend
Answer
Answer: B) To give appropriate safety
Class 11 Business Studies MCQs
Term 1 – MCQ of Business Studies Class 11
Part A – Foundations of Business
- Evolution and Fundamentals of Business
- Forms of Business Organisations
- Public, Private and Global Enterprises
- Business Services
- Emerging Modes of Business
- Social Responsibility of Business and Business Ethics
Term 2 – NCERT Business Studies MCQ
Part B – Finance and Trade