WorksheetsSocial Responsibility in Business - Multiple Choice Questions
Total questions: 39
Worksheet time: 20mins
Social responsibility refers to a business’s duty to care for both the organization and its _______.
Shareholders only
Stakeholders
Competitors
Employees only
The primary goal of social responsibility is to balance organizational goals with _______.
Economic growth
Societal needs
Profit maximization
Market competition
Socio-economic obligation focuses on _______.
Human welfare
Profit only
Economic contributions to society
Environmental safety
Socio-human obligation emphasizes _______.
Job creation
Ethical and human welfare commitments
Tax payment
Business expansion
Being socially responsible helps a company build _______.
Competition
Trust and sustainability
Monopoly
Price control
A stakeholder is _______.
A company employee only
Anyone affected by business activities
The owner of the company
Only customers
The concept of “business at the center” emphasizes _______.
Profit maximization
Interconnected relationships with stakeholders
Financial independence
Shareholder dominance
Social responsibility encourages harmony between _______.
Labor and capital
Corporate success and community welfare
Government and consumers
Managers and unions
Which of the following is not a stakeholder in business?
Government
Competitors
Public
Criminal groups
Ethical business practices primarily aim to build _______.
Corruption
Stakeholder trust
Shareholders expect businesses to ensure _______.
Rapid employee turnover
Consistent returns on investment
Higher production cost
Limited transparency
Transparency to shareholders means _______.
Hiding financial data
Providing accurate and timely information
Reducing dividend payments
Minimizing reports
Asset growth benefits shareholders by _______.
Decreasing company value
Increasing company value
Lowering taxes
Reducing investments
Engaging shareholders in feedback builds _______.
Distrust
Collaborative governance
Bureaucracy
Isolation
A strong public image improves _______.
Shareholder confidence
Market confusion
Competitor advantage
Legal challenges
Which of the following is not a responsibility toward shareholders?
A) Transparency
B) Consistent profitability
C) Grievance redressal
D) Asset growth
Dividend distribution is related to _______.
Wages
Shareholder trust
Tax exemption
Advertising
Strategic planning ensures _______.
Asset depletion
Company growth
Reduced value
Conflict
A company that hides losses from shareholders violates _______.
Fair competition
Transparency principle
Fair pricing
Tax laws
A business that maintains consistent profit and reputation ensures _______.
Shareholder satisfaction
Consistent returns
Asset depletion
Market confusion
Providing fair wages and safe conditions ensures _______.
Employee retention
Higher profits only
Staff reduction
Legal violation
Training and promotion represent _______.
Growth opportunities
Cost increase
Tax benefits
Financial burden
Including employees in decision-making fosters _______.
Industrial unrest
Participation
Mismanagement
Exploitation
Recognition of employee contributions builds _______.
Motivation
Conflicts
Delay
Corruption
A grievance redressal system is designed to _______.
Delay complaints
Address employee concerns
Promote hierarchy
Increase disputes
Fair compensation means wages are _______.
Arbitrary
Based on performance and equity
Unequal
Hidden
Unsafe working conditions violate _______.
Employee responsibility
Social responsibility
Marketing policy
Tax rules
Encouraging employee growth supports _______.
Organizational development
Market manipulation
Production cuts
Legal disputes
Employee safety standards should follow _______.
Legal and ethical norms
Management discretion
Cost minimization only
Irregular schedules
Unethical dealings between firms can destroy _______.
Market trust
Business monopoly
Legal compliance
Tax benefits
Paying taxes honestly shows _______.
Legal compliance
Social neglect
Cost evasion
Financial manipulation
Avoiding corruption supports _______.
A) Ethical conduct
B) Monopolies
C) Black marketing
D) Insider trading
Fair trade practices help maintain _______.
Social justice
Exploitation
Greed
Political gain
Supporting weaker sections reflects _______.
Social support
Legal obligation
Profit motive
Market expansion
Promoting social and cultural values builds _______.
Community harmony
Political favor
Market monopoly
Cost advantage
Job creation contributes to _______.
Social development
Corporate secrecy
Profit maximization
Market imbalance
Environmental protection ensures _______.
Sustainable growth
Rapid exploitation
Pollution
Resource depletion
Research and development strengthen _________.
Innovation and education
Market monopolies
Price wars
Bureaucracy
A social audit evaluates _______.
Social performance
Market value
Tax evasion
Political influence
