PAPER # 1
**Duration: 2 Hours**
**Instructions: Answer all questions. Each question carries equal marks.**
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**Section A: Multiple Choice Questions (20 Marks)**
1. **What is Corporate Social Responsibility (CSR)?**
a. A marketing strategy
b. A legal requirement
c. A voluntary commitment by businesses to act ethically and contribute to the well-
being of society
d. A financial report
2. **Which of the following is not a stakeholder in a business?**
a. Shareholders
b. Customers
c. Government
d. Competitors
3. **Explain the concept of sustainability in business.**
a. Provide goods and services at the lowest cost
b. Meeting the needs of the present without compromising the ability of future
generations to meet their own needs
c. Maximizing profits at any cost
d. Focusing on short-term gains
4. **What is the purpose of a SWOT analysis in the context of business and society?**
a. To analyze the strengths and weaknesses of competitors
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, b. To assess the internal and external factors that may impact a business
c. To measure financial performance
d. To evaluate customer satisfaction
**Section B: Short Answer Questions (30 Marks)**
5. **Examine two examples of how a business can contribute to environmental
sustainability.**
6. **Discuss the role of government regulations in ensuring business ethics and social
responsibility. Provide an example to support your answer.**
7. **Explain the concept of corporate governance and its significance in maintaining
ethical business practices.**
**Section C: Essay Questions (50 Marks)**
8. **Critically analyze the impact of globalization on businesses and society. Include
both positive and negative aspects in your discussion.**
9. **Discuss the ethical considerations of marketing strategies. Provide examples of
marketing practices that are ethical and those that are considered unethical.**
10. **Evaluate the social and economic implications of automation and artificial
intelligence in the business world. What steps can businesses take to mitigate potential
negative consequences?**
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**Answers:**
*Note: Answers provided here are concise. In an actual exam, students would be
expected to elaborate on each point.*
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