Corporate Social Responsibility and Business Ethics Quiz

What is the primary duty of a business under Corporate Social Responsibility (CSR)?

• To expand globally

• To focus solely on customer satisfaction

• To treat all stakeholders honestly and fairly

• To maximize profits at all costs

Which of the following is a responsibility of a business towards its employees?

• Offering unlimited vacation days

• Providing safe and healthy working conditions

• Paying them the minimum wage

• Ensuring they work overtime regularly

How should a business treat its suppliers according to CSR principles?

• By demanding exclusive contracts

• By negotiating the lowest possible price

• By paying them in full and on time

• By delaying payments to manage cash flow

What is one advantage of being socially responsible for a business?

• Decreased employee satisfaction

• Higher recruitment costs

• Increased legal disputes

• Increased sales

What is the role of a code of ethics in a business?

• To set out rules and guidelines for ethical behavior

• To replace all existing company policies

• To increase profits

• To ensure all employees receive bonuses

What is 'whistle-blowing' in the context of business ethics?

• Offering incentives for cost-cutting

• Encouraging employees to report unethical behavior

• Rewarding employees for meeting sales targets

• Promoting employees based on seniority

Which of the following is a challenge of implementing a code of ethics?

• It guarantees immediate compliance

• It is easy to introduce

• It requires no training

• It can lower employee morale if not enforced properly

What is a key characteristic of an environmentally conscious business?

• Maximizing waste production

• Ignoring environmental regulations

• Minimizing waste and pollution

• Focusing solely on profit

How can businesses reduce their carbon footprint?

• By increasing fossil fuel usage

• By switching to renewable energy sources

• By expanding their operations

• By reducing employee benefits

What is the effect of being an environmentally friendly business on costs?

• Higher legal costs

• Increased waste disposal costs

• Increased pollution fines

• Lower energy costs