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Commerce Exam  >  Commerce Notes  >  Business Studies (BST) Class 11  >  Worksheet: Social Responsibilities of Business and Business Ethics

Worksheet: Social Responsibilities of Business and Business Ethics | Business Studies (BST) Class 11 - Commerce PDF Download

Multiple Choice Questions (MCQs)

Q1: What is the primary purpose of a business enterprise according to the text?
(a) To maximize profits for its owners
(b) To serve societal needs
(c) To avoid government regulation
(d) To create healthy working conditions

Q2: Which of the following is an example of socially undesirable business practices?
(a) Paying taxes on time
(b) Polluting the environment
(c) Installing pollution control devices
(d) Attending to customer complaints

Q3: What does CSR stand for?
(a) Corporate Social Responsibility
(b) Community Service Regulation
(c) Creative Service Resources
(d) Corporate Sustainability Report

Q4: According to the text, which of the following is NOT a type of social responsibility?
(a) Economic responsibility
(b) Legal responsibility
(c) Competitive responsibility
(d) Ethical responsibility

Q5: Which organization defines CSR as "the responsibility of enterprises for their impacts on society"?
(a) World Health Organization
(b) European Commission
(c) World Bank
(d) International Monetary Fund

Fill in the Blanks

Q1: The assumption of social responsibilities implies that businesses respect the aspirations of __________.

Q2: Businesses must avoid making __________ advertisements.

Q3: Social responsibility is a __________ issue as it involves moral considerations.

Q4: Businesses have a responsibility to supply goods and services that society __________.

Q5: The __________ responsibility of business includes compliance with laws and regulations.

True or False

Q1: Businesses exist solely for the purpose of maximizing profits.

Q2: The social responsibility of business is broader than legal responsibility.

Q3: Providing good quality goods is an example of a socially undesirable practice.

Q4: All business people recognize their social responsibilities equally.

Q5: Pollution control measures can help improve a business's public image.

Match the Following

Worksheet: Social Responsibilities of Business and Business Ethics | Business Studies (BST) Class 11 - Commerce

Short Answer Questions

Q1: What is social responsibility in business?

Q2: Why is it important for businesses to be socially responsible?

Q3: What are some examples of socially responsible practices?

Q4: What are the arguments against social responsibility for businesses?

Q5: How can businesses protect the environment?

Q6: What is the main purpose of a business in society?

Q7: Why is it important for businesses to act responsibly?

Q8: What are some examples of socially undesirable practices by businesses?

Q9: How can businesses help the environment?

Q10: What is meant by corporate social responsibility?

You can access the solutions to this worksheet here.

The document Worksheet: Social Responsibilities of Business and Business Ethics | Business Studies (BST) Class 11 - Commerce is a part of the Commerce Course Business Studies (BST) Class 11.
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FAQs on Worksheet: Social Responsibilities of Business and Business Ethics - Business Studies (BST) Class 11 - Commerce

1. What are the key social responsibilities of businesses?
Ans. The key social responsibilities of businesses include ethical labor practices, environmental sustainability, community engagement, and transparency in operations. Businesses are expected to contribute positively to society while minimizing negative impacts on the environment and ensuring fair treatment of employees and stakeholders.
2. How do business ethics impact corporate decision-making?
Ans. Business ethics play a crucial role in guiding corporate decision-making. Ethical considerations help businesses assess the potential impact of their actions on stakeholders, including employees, customers, and the community. Companies that prioritize ethics are more likely to build trust, enhance their reputation, and achieve long-term success.
3. What is the difference between corporate social responsibility (CSR) and business ethics?
Ans. Corporate social responsibility (CSR) refers to a company's commitment to conducting business in an ethical manner and contributing to societal goals, while business ethics encompasses the moral principles that guide a company's behavior. CSR is often seen as a broader concept that includes ethical practices as part of its framework.
4. Why is transparency important in business operations?
Ans. Transparency is vital in business operations because it fosters trust among stakeholders, including customers, employees, and investors. When companies are open about their practices, policies, and decision-making processes, they can enhance their credibility, reduce the risk of scandals, and build stronger relationships with their audience.
5. How can businesses effectively implement ethical practices?
Ans. Businesses can implement ethical practices by developing a clear code of ethics, providing ethics training for employees, establishing a whistleblower policy, and promoting a culture of accountability. Regular assessments and a commitment to continuous improvement can also help ensure that ethical standards are maintained throughout the organization.
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