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B Com Exam  >  B Com Tests  >  Test: Social Environment - 1 - B Com MCQ

Test: Social Environment - 1 - B Com MCQ


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10 Questions MCQ Test - Test: Social Environment - 1

Test: Social Environment - 1 for B Com 2024 is part of B Com preparation. The Test: Social Environment - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Social Environment - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Social Environment - 1 below.
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Test: Social Environment - 1 - Question 1
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What does the term "consumerism" refer to in the context of the text?

Detailed Solution for Test: Social Environment - 1 - Question 1
Consumerism is defined as the consumption of goods at a higher rate, leading to economic growth and prosperity. The text highlights the effects and impacts of consumerism on society and the economy.
Test: Social Environment - 1 - Question 2
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What is one of the primary effects of consumerism on an economy?

Detailed Solution for Test: Social Environment - 1 - Question 2
Consumerism leads to increased production, which in turn creates more employment opportunities in the economy. This is because higher demand for goods requires more workers to produce them.
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Test: Social Environment - 1 - Question 3
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What is the significance of the right to redressal in business ethics?

Detailed Solution for Test: Social Environment - 1 - Question 3
The right to redressal allows consumers to seek remedies for unfair trade practices or exploitation. It provides a mechanism for addressing consumer grievances and holding businesses accountable for their actions.
Test: Social Environment - 1 - Question 4
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Which source of business ethics emphasizes principles such as honesty, integrity, and responsibility?
Detailed Solution for Test: Social Environment - 1 - Question 4
Religion emphasizes moral principles and values that guide ethical behavior in business and other aspects of life. Concepts like honesty and integrity are often rooted in religious teachings.
Test: Social Environment - 1 - Question 5
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Why is culture considered a source of business ethics?
Detailed Solution for Test: Social Environment - 1 - Question 5
Culture shapes the values, norms, and behavior of individuals in a society. It influences how people perceive ethical behavior and guides their actions in business and other contexts.
Test: Social Environment - 1 - Question 6
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What is the primary role of the right to information in business ethics?
Detailed Solution for Test: Social Environment - 1 - Question 6
The right to information ensures that consumers have access to accurate and complete information about products, including their cost, quantity, ingredients, and usage instructions.
Test: Social Environment - 1 - Question 7
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How does consumerism impact personal relationships?
Detailed Solution for Test: Social Environment - 1 - Question 7
Consumerism can lead to jealousy and envy as people strive to possess expensive goods. This can strain personal relationships as individuals focus on material possessions rather than meaningful connections.
Test: Social Environment - 1 - Question 8
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How does consumer education contribute to business ethics?
Detailed Solution for Test: Social Environment - 1 - Question 8
Consumer education empowers individuals to make informed choices by providing them with information about products and services. This contributes to ethical behavior by enabling consumers to make responsible decisions.
Test: Social Environment - 1 - Question 9
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What is the importance of ethics in relation to profitability?
Detailed Solution for Test: Social Environment - 1 - Question 9
Ethical behavior can contribute to long-term profitability by enhancing the credibility and reputation of a company. Consumers are more likely to support ethical businesses, leading to sustained success.
Test: Social Environment - 1 - Question 10
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How does the right to choose influence business operations?
Detailed Solution for Test: Social Environment - 1 - Question 10
The right to choose encourages competition and variety in the market, preventing monopolistic practices and ensuring that consumers have access to a range of goods and services.
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Social Environment - 1 MCQs with Answers

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