social responsibility of business Quiz-1

Social responsibility of a business refers to ......... efforts on the part of a business to contribute to the welfare of society.

• compulsory

• voluntary

• legal

• ethical

Answer explanation

Social responsibility of a business refers to voluntary efforts to contribute to the welfare of society.

If business is to operate in a society which is full of diverse and complicated problems, it may have

• little chances of success

• great chances of success

• little chance of failure

• no relation with success or failure

Answer explanation

In a diverse and complicated society, businesses may have little chances of success due to the challenges they face.

• A

• B

• C

• D

Answer explanation

The correct answer is B. It is the only correct choice among A, B, C, and D.

Craft enterprises pays wages to its employees at a rate, which is much lower than the minimum wages prescribed by the government. The working conditions in the factory are inappropriate as there is lack of proper ventilation and there is a strict, rule against formation of trade union. Against,which ‘Group’, Craft Enterprises has ignored the social responsibility?

• Consumers

• Workers

• Society

• Shareholders

Answer explanation

Craft Enterprises has ignored the social responsibility towards workers by paying lower wages, providing inappropriate working conditions, and prohibiting trade unions.

Responsibility of a business to prevent pollution can be categorized in which of the following category?

• Political Responsibility

• Discretionary Responsibility

• Ethical Responsibility

• Economic Responsibility

Answer explanation

Discretionary Responsibility is the correct choice for the category of a business's responsibility to prevent pollution.

If a business is socially responsible towards its employees, it is able to check movement of labour. What do you mean by labour movement?

• Movement of labour from one department to another.

• Movement of labour from one employer to another.

• Movement of labour from one country to another.

• Movement of labour from villages to cities.

Answer explanation

Labour movement refers to the transfer of employees from one employer to another, indicating social responsibility towards employees.

Employees will stay with business only if they are satisfied with their working conditions.

• True

• false

• can't say

• partially correct

Answer explanation

Employees will stay with business only if they are satisfied with their working conditions. True is the correct choice.

“According to Weights and Measures Act, every eatable product should explicitly bear a green dot for vegetarian contents and brown dot for non-vegetarian ingredients”.However, this practice is not followed by Narayan Pvt Ltd a company engaged in the manufacturing of frozen snaks. Identify the kind of social responsibility being ignored by the company.

• Ethical Responsibility

• Economic Responsibility

• Legal Responsibility

• Discretionary Responsibility

Answer explanation

Narayan Pvt Ltd is ignoring legal responsibility by not following the Weights and Measures Act, which requires labeling vegetarian and non-vegetarian ingredients with green and brown dots respectively.

Trendz Ltd is a leading manufacturer of garments. The company distributes its defective products free of cost (after getting them repaired from Nari Niketenat lower cost) to the orphanage. Identify and state the kind of social responsibility, which the company is trying to achieve.

• Legal

• Social

• Discritionary

• Ethical

Answer explanation

Trendz Ltd is demonstrating discretionary social responsibility by distributing repaired defective products to orphanages for free.

A separate department for matters related to environment, department of environment was created by central government in year

• 1985

• 2005

• 1980

• 1990

Answer explanation

The central government created the Department of Environment in 1980 to address environmental matters.