Which is the favourable point of business ethics?
A. Perpetual succession
B. Reputation of business
C. Helps in professionalisation of management
D. All of the above
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Which of the following statement is true?
A. A human being has a soul, a spark of the Divine
B. The Divine resides in the heart of a person
C. The Divine means perfection in knowledge, wisdom and power
D. All of the above
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The social responsibility of business towards supplier includes
A. to build trust
B. to make payment on time
C. to provide technical support
D. all of the above
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Global corporate culture involves an integration of . . . . . . . . in which firms currently operate.
A. business environments
B. ecological environments
C. profit environments
D. technical environments
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Fairness in employment practices centers on
A. hiring no family members or friends
B. giving people equal rewards for accomplishing the same tasks
C. obeying equal employment opportunity legislation
D. avoiding conflicts of interest
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Which is the monitor results of TQM?
A. Compare with rivals
B. Evaluate results
C. Produce output required
D. All of the above
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Which statement is true about value-oriented?
A. Value driven management combined with requisite skills improve the quality of work life and enhance the reputation of a company
B. Human values can only blossom in interiorised and quiet minds
C. Management by consciousness demands presence of values in our character and personality
D. All of the above
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Rule . . . . . . . . means the enforcement of rules in the society legally.
A. making
B. implementation
C. application
D. following
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Assertion (A) Social audit has been defined as a commitment to systematic assessment of and reporting in some meaningful, definable domain of the company's activities that have social impacts.
Reason (R) The Companies Act, 2013 has accorded statutory recognition of the social responsibility of a corporate entity and gives option to provide a percentage of profit for the purpose as per discretion of the board.
A. Both (A) and (R) are correct and (R) is the correct explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
C. (A) is correct, but (R) is not correct
D. (R) is correct, but (A) is not correct
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A firm is said to have good corporate social performance when
A. stockholders invest in socially responsible causes
B. charitable deductions are automatically deducted from pay without the consent of employees
C. the company has not been convicted of ethical violations for five consecutive years
D. stakeholders are satisfied with its level of social responsibility
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Match the following
List-I (Social Responsibilities)
List-II (Features)
a. Responsibility to share holders
1. Improving quality
b. Responsibility to employees
2. To include in social welfare activities
c. Responsibility to consumers
3. To establish better working conditions
d. Responsibility to community
4. To be transparent
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-1, d-2
C. a-3, b-2, c-1, d-4
D. a-2, b-3, c-4, d-1
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Which one among the following is not correct about J. J. Irani committee's recommendations on Company Law (2005)?
A. 5 2 th of the board of a listed company should comprise of independent directors
B. Introduce the concept of One Person Company (OPC)
C. Allow corporations to self-regulate their affairs
D. Disclose proper and accurate compilation of financial information of a corporation
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"We wish to be good citizens of every community in which we live". This is a
A. political code of conduct
B. social code
C. ethical code
D. legal rule
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Which of the following statement(s) is/are true?
A. The problem of increased pollution and depletion of natural resources is more obvious than a second problem, which is the diffusidon of individual moral responsibility
B. The idea of system started quite some time back in natural sciences when scientists started using this world to establish their view point
C. The emergence of trade unions in a political system affect the political parties, the electoral process, the legislature and judiciary
D. All of the above
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"Corporate planning is the continuous process of making present entrepreneurial decisions systematically and with the best possible knowledge of their futurity." Who said?
A. McCanathen
B. Peter F. Drucker
C. Hussey
D. J. R. Betty
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The Indian ethos is for the individual self to become aware, develop and contribute social welfare by linking yourself to the
A. Customs
B. Business
C. Cooperation and planning
D. Society
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Match the items of List-I with those of List-II and choose the correct combination.
List-I
List-II
a. Ethics are the principles of conduct governing an individual or profession.
1. John Donaldson
b. Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.
2. Keith Davis
c. Ethics are a set of rules that defines right and wrong conduct.
3. Shea
d. Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions or practices and beliefs.
4. R. Wayne Mondy
A. a-3, b-4, c-1, d-2
B. a-3, b-4, c-2, d-1
C. a-4, b-3, c-2, d-1
D. a-1, b-2, c-3, d-4
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The characteristics of business ethic(s) is/are
A. study of goals and means
B. dynamic philosophy
C. relates to human angle
D. all of these
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Which one of the following is not principle business ethics?
A. Principle of universality
B. Principle of humanity
C. Principle of autonomy
D. Principle of dissatisfaction
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Which of the following statement(s) is fare true?
A. For the profits, monopoly firm gives misleading advertisement, false labeling etc
B. Role playing is a device used to simulate a living situation
C. According to classical approach to moral reasoning, the satisfaction of basic needs is the symbol of morale
D. A!l of the above
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