Lesson 3.4.4
3.4.4 Business ethics and corporate social responsibility Quiz: Pearson Edexcel Business, Unit 3
20 questions
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Lesson 3.4.4, Business ethics and corporate social responsibility: 20 multiple choice questions for the Pearson Edexcel Business (9BS0), Unit 3: Business decisions and strategy, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
What is the primary focus of Corporate Social Responsibility?
- Minimising production costs
- Wider stakeholder welfare
- Maximising shareholder dividends
- Increasing market share
-
Which business decision typically creates a direct trade-off with short-term profit?
- Asset stripping
- Ethical sourcing
- Price skimming
- Cost cutting
-
Why is high executive compensation frequently treated as a corporate governance ethical issue?
- Mandatory government limits
- Guaranteed tax reduction
- Reduced share liquidity
- Concerns over pay fairness
-
Which action is an example of Corporate Social Responsibility?
- Paying corporation tax
- Maximising dividend payouts
- Paying minimum wage
- Voluntary emission cuts
-
What type of decision is paying fair wages across a supply chain?
- Statutory
- Purely financial
- Protectionist
- Ethical
-
What is a primary benefit to a firm of adopting CSR policies?
- Guaranteed profit margins
- Improved brand reputation
- Lower production costs
- Reduced wage bills
-
What is a main financial drawback for a firm adopting CSR?
- Increased short-term costs
- Reduced brand equity
- Higher tax rates
- Lower customer retention
-
Choosing cheaper suppliers with poor working conditions demonstrates a trade-off between profit and what?
- Market share
- Business ethics
- Legal compliance
- Brand loyalty
-
A CSR programme costs 30,000 pounds and the firm's profit before the programme was 600,000 pounds. What share of profit does the programme cost?
- 50%
- 10%
- 0.5%
- 5%
-
Large executive pay rises alongside stagnant worker pay highlight concerns over what?
- Ethical pay gaps
- Gearing ratios
- Labour productivity
- Working capital
-
What risk is created by heavily relying on short-term performance-related pay?
- Higher labour turnover
- Decreased gearing
- Excess capacity
- Unethical short-termism
-
A firm publishes a sustainability report with independently checked figures. Which CSR principle does this most directly show?
- Transparency
- Vertical integration
- Price discrimination
- Monopoly power
-
Closing a factory without notice to protect profits prioritises shareholders over which group?
- Financial auditors
- Wider stakeholders
- External regulators
- Trade creditors
-
What term describes CSR used purely for promotional image without genuine operational change?
- Greenwashing
- Whistleblowing
- Benchmarking
- Social auditing
-
Excessive executive compensation out of line with company performance can damage what?
- Gearing ratio
- Current ratio
- Employee morale
- Tax liabilities
-
Giving staff share ownership aligns employee interests with which group?
- Shareholders
- Regulators
- Suppliers
- Competitors
-
How does genuine CSR create long-term strategic value for a firm?
- Guarantees monopoly power
- Reduces interest rates
- Eliminates tax liabilities
- Enhances brand equity
-
How can maintaining high ethical standards reduce long-term business costs?
- Eliminating fixed costs
- Avoiding legal fines
- Reducing interest charges
- Avoiding corporation tax
-
Which reward decision is most likely to be judged as ethically poor?
- Cutting staff pay
- Offering share options
- Paying living wages
- Introducing productivity bonuses
-
Why might consumers react more strongly than shareholders to unethical business behaviour?
- Higher dividends
- Lower gearing
- Brand switching
- Increased liquidity
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