Chapter social-responsibilities-of-business-and-business-ethics: Social Responsibilities of Business and Business Ethics Assertion-Reason Questions | business studies Class 11 CBSE

Chapter social-responsibilities-of-business-and-business-ethics: Social Responsibilities of Business and Business Ethics Assertion-Reason Questions | business studies Class 11 CBSE | ByteNotes.in

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 1

Logic Check

Assertion (A): Social responsibility of business goes beyond legal obligations and includes voluntary actions for the welfare of society. Reason (R): Many social responsibilities are not codified in law but arise from ethical expectations placed on businesses by society.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 2

Logic Check

Assertion (A): Businesses should pay taxes honestly and support government policies. Reason (R): Paying taxes and following regulations constitutes the business's responsibility towards the government.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 3

Logic Check

Assertion (A): Business ethics and profitability are always contradictory objectives. Reason (R): Ethical companies often lose customers to unscrupulous competitors who cut corners.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 4

Logic Check

Assertion (A): The Companies Act, 2013 mandates eligible companies to spend 2% of their average net profits on CSR activities. Reason (R): CSR spending under the Companies Act is entirely voluntary and carries no legal requirement.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 5

Logic Check

Assertion (A): Providing safe working conditions and fair wages is a core responsibility of business towards employees. Reason (R): Employees are the most important resource of a business, and their well-being directly affects organisational productivity.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 6

Logic Check

Assertion (A): Businesses should adopt eco-friendly practices to protect the environment. Reason (R): Environmental protection is required only when it helps reduce production costs.

Reasoning Options

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Assertion-Reason

Hard difficulty • Check the statement and reason

Hard

Question 7

Logic Check

Assertion (A): Managers lack the social skills required to make responsible decisions on behalf of society. Reason (R): This is one of the arguments put forward against social responsibility of business.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 8

Logic Check

Assertion (A): A business that uses social challenges as an inspiration for product innovation can gain competitive advantage. Reason (R): Converting social problems into business opportunities is an argument in favour of social responsibility.

Reasoning Options

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Assertion-Reason

Hard difficulty • Check the statement and reason

Hard

Question 9

Logic Check

Assertion (A): A written code of conduct alone is sufficient to ensure ethical behaviour in an organisation. Reason (R): Ethical behaviour requires ongoing training, leadership by example, and accountability mechanisms, not just a written document.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 10

Logic Check

Assertion (A): Social responsibility and the profit motive are entirely incompatible. Reason (R): Ethical conduct and social responsibility can enhance brand reputation, customer loyalty, and long-term profitability.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 11

Logic Check

Assertion (A): Consumers have the right to receive accurate and complete information about products they purchase. Reason (R): Providing truthful product information is a core part of business's responsibility towards consumers.

Reasoning Options

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Assertion-Reason

Hard difficulty • Check the statement and reason

Hard

Question 12

Logic Check

Assertion (A): Unethical behaviour in business always results in immediate short-term profit gains. Reason (R): Unethical conduct often leads to long-term reputational damage, legal penalties, and loss of customer loyalty.

Reasoning Options

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Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 13

Logic Check

Assertion (A): The 'long-term self-interest' argument supports social responsibility by showing that it builds goodwill and sustains business over time. Reason (R): Long-term goodwill and customer trust are assets that contribute to sustained business performance.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 14

Logic Check

Assertion (A): Responsibility towards the community includes generating employment and contributing to social infrastructure. Reason (R): Businesses operate within a community and are expected to give back through development activities.

Reasoning Options

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Assertion-Reason

Hard difficulty • Check the statement and reason

Hard

Question 15

Logic Check

Assertion (A): Milton Friedman argued that the only social responsibility of business is to increase its profits. Reason (R): Friedman believed that managers, as agents of shareholders, should focus only on maximising returns within legal boundaries.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 16

Logic Check

Assertion (A): Business ethics involves applying moral standards to business activities and relationships. Reason (R): Ethics in business is only about following government laws and regulations.

Reasoning Options

ByteNotes

Assertion-Reason

Hard difficulty • Check the statement and reason

Hard

Question 17

Logic Check

Assertion (A): Voluntary social responsibility activities strengthen a company's reputation and public image. Reason (R): CSR activities mandated by law are more effective in building public trust than voluntary ones.

Reasoning Options

ByteNotes

Assertion-Reason

Medium difficulty • Check the statement and reason

Medium

Question 18

Logic Check

Assertion (A): The argument 'avoidance of government regulation' suggests that businesses should be proactively responsible to prevent mandatory regulations. Reason (R): If businesses are seen as failing social obligations, governments impose stricter regulations, which can be more costly than voluntary action.

Reasoning Options

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Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 19

Logic Check

Assertion (A): Fairness and honesty are key elements of business ethics. Reason (R): Business ethics requires companies to act with integrity in all dealings with stakeholders.

Reasoning Options

ByteNotes

Assertion-Reason

Easy difficulty • Check the statement and reason

Easy

Question 20

Logic Check

Assertion (A): A business that provides sub-standard products to increase profit margins is acting responsibly. Reason (R): Delivering quality goods and services at fair prices is a fundamental responsibility of business towards consumers.

Reasoning Options

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Chapter social-responsibilities-of-business-and-business-ethics: Social Responsibilities of Business and Business Ethics | Assertion-Reason

Assertion (A): Social responsibility of business goes beyond legal obligations and includes voluntary actions for the welfare of society. Reason (R): Many social responsibilities are not codified in law but arise from ethical expectations placed on businesses by society.

Assertion (A): Businesses should pay taxes honestly and support government policies. Reason (R): Paying taxes and following regulations constitutes the business's responsibility towards the government.

Assertion (A): Business ethics and profitability are always contradictory objectives. Reason (R): Ethical companies often lose customers to unscrupulous competitors who cut corners.

Assertion (A): The Companies Act, 2013 mandates eligible companies to spend 2% of their average net profits on CSR activities. Reason (R): CSR spending under the Companies Act is entirely voluntary and carries no legal requirement.

Assertion (A): Providing safe working conditions and fair wages is a core responsibility of business towards employees. Reason (R): Employees are the most important resource of a business, and their well-being directly affects organisational productivity.

Assertion (A): Businesses should adopt eco-friendly practices to protect the environment. Reason (R): Environmental protection is required only when it helps reduce production costs.

Assertion (A): Managers lack the social skills required to make responsible decisions on behalf of society. Reason (R): This is one of the arguments put forward against social responsibility of business.

Assertion (A): A business that uses social challenges as an inspiration for product innovation can gain competitive advantage. Reason (R): Converting social problems into business opportunities is an argument in favour of social responsibility.

Assertion (A): A written code of conduct alone is sufficient to ensure ethical behaviour in an organisation. Reason (R): Ethical behaviour requires ongoing training, leadership by example, and accountability mechanisms, not just a written document.

Assertion (A): Social responsibility and the profit motive are entirely incompatible. Reason (R): Ethical conduct and social responsibility can enhance brand reputation, customer loyalty, and long-term profitability.

Assertion (A): Consumers have the right to receive accurate and complete information about products they purchase. Reason (R): Providing truthful product information is a core part of business's responsibility towards consumers.

Assertion (A): Unethical behaviour in business always results in immediate short-term profit gains. Reason (R): Unethical conduct often leads to long-term reputational damage, legal penalties, and loss of customer loyalty.

Assertion (A): The 'long-term self-interest' argument supports social responsibility by showing that it builds goodwill and sustains business over time. Reason (R): Long-term goodwill and customer trust are assets that contribute to sustained business performance.

Assertion (A): Responsibility towards the community includes generating employment and contributing to social infrastructure. Reason (R): Businesses operate within a community and are expected to give back through development activities.

Assertion (A): Milton Friedman argued that the only social responsibility of business is to increase its profits. Reason (R): Friedman believed that managers, as agents of shareholders, should focus only on maximising returns within legal boundaries.

Assertion (A): Business ethics involves applying moral standards to business activities and relationships. Reason (R): Ethics in business is only about following government laws and regulations.

Assertion (A): Voluntary social responsibility activities strengthen a company's reputation and public image. Reason (R): CSR activities mandated by law are more effective in building public trust than voluntary ones.

Assertion (A): Fairness and honesty are key elements of business ethics. Reason (R): Business ethics requires companies to act with integrity in all dealings with stakeholders.

Assertion (A): A business that provides sub-standard products to increase profit margins is acting responsibly. Reason (R): Delivering quality goods and services at fair prices is a fundamental responsibility of business towards consumers.

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