Match the following.
List-I (Issues) List-II (Elements)
a. Issues relating to nations
1. Safety standards of using product
b. Issues relating to competitive institutions
2. Assessment of tax liability
c. Issues relating to government
3. Dealers and retailers
d. Issues relating to customer
4. International cooperation
5. Moral standards
A. a-4, b-3, c-2, d-1
B. a-1, b-2, c-3, d-4
C. a-1, b-2, c-4, d-5
D. a-5, b-2, c-1, d-3
Select an option to see the answer and solution.
In between the corporate extremes of working solely for the interests of stockholders and working to solve social problems is the position of being . . . . . . . .
A. socially reactive
B. environmentally sensitive
C. professionally committed
D. ecologically proactive
Select an option to see the answer and solution.
The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the
A. iron law of responsibility argument
B. enlightened self-interest argument
C. capacity argument
D. anti-freeloader argument
Select an option to see the answer and solution.
Which of the following statement(s) is/are true?
A. The customer satisfaction and total quality requirements are now recognised as desirable means to assure profitability, survival and progress by all marketing companies
B. Ecological crisis for mankind is a burning problem next in importance to corruption and crisis of value
C. Manager should liberally draw an Indian wisdom for achieving highest levels of excellence in management and organisations
D. All of the above
Select an option to see the answer and solution.
Which is/are argument against Corporate Social Responsibility?
A. Cost burden on consumers
B. Non-availability of social skills
C. Unsupported by logic
D. All of the above
Select an option to see the answer and solution.
Which statement is/are true?
A. Social involvement of business managers is likely to degrees the company from its main objective
B. Corporate social responsibility is seriously considering the impact of the company's decisions and actions on the environment and the society
C. Business management must consider the social and ethical implications of its decisions
D. All of the above
Select an option to see the answer and solution.
Statement I Ethical decision-making is a very tough prospect in this 'dog-eat-dog' world. All will have to fall in and play fair.Statement II In this age of liberalisation and globahsation, the old dirty games and ethical conduct will no longer be accepted.
A. Both statements are incorrect
B. Both statements are correct
C. Statement I correct, but Statement II incorrect
D. Statement I incorrect, but Statement II correct
Select an option to see the answer and solution.
Ethics are moral principles and values which:
A. are legally enforceable
B. guide a firm's behaviour
C. provide employees with rules on how to behave
D. govern the actions of an individual
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A business should act ethically for which of the following reasons?
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 3 and 4
D. Both 1 and 4
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A whistle blower is an employee who
A. exposes organizational wrongdoing
B. complains a lot to company management
C. engages in unethical behaviour
D. referees disputes with other employees
Select an option to see the answer and solution.
A socially responsible mutual fund will only purchase stocks in companies that
A. have a no-smoking policy in place
B. have a culturally diverse management team
C. hire some job candidates who are HIV positive
D. have good social performance
Select an option to see the answer and solution.
Match the items of two lists.
List-I List-II
a. Transparency
1. All stakeholder groups have the opportunity to maintain or improve their well being
b. Equity
2. The state of being answerable for decisions and activities to all stakeholders
c. Sustainability
3. Information freely available and directly accessible to interested parties
d. Accountability
4. The effect which action taken in the present has upon the options available in the future
A. a-3, b-1, c-4, d-2
B. a-1, b-2, c-3, d-4
C. a-2, b-3, c-1, d-4
D. a-3, b-1, c-2, d-4
Select an option to see the answer and solution.
Which of the folllowing statement(s) is fare true?
A. The terms 'ethics' and 'morality' are not synonymous terms
B. Ethics are principles that guide the human behaviour
C. Morals are related to traditional believes
D. All of the above
Select an option to see the answer and solution.
The social responsibility of business towards to owners of business includes
A. bringing profit
B. giving maximum RoI
C. reporting progress
D. All of the above
Select an option to see the answer and solution.
Economic environment includes
A. industrial infrastructure
B. economic indices
C. national product
D. All of these
Select an option to see the answer and solution.
Which statement is true?
A. Values are internal, dealing with internal development of a person, purifying mind and heart
B. Values bring about excellence and universal good
C. Ethical management is a case of normative ethics
D. All of the above
Select an option to see the answer and solution.
According to the concept of moral intensity, a worker is most likely to behave ethically and legally when
A. a manager observes his or her behavior closely
B. the worker has intense morals
C. the consequences of the act are minor
D. the consequences of the act are substantial
Select an option to see the answer and solution.
The factors causing unethical conduct of business are
A. economicgreed
B. decreasing standards of society
C. political corruption
D. All of the above
Select an option to see the answer and solution.
The elements of management system in quality environment of TQM is
A. Method and procedure
B. Process
C. Focus
D. All of the above
Select an option to see the answer and solution.
The argument for corporate social responsibility involves
A. recognition of moral obligations of business towards people
B. response to changing public expenditure
C. voluntary actions would prevent government regulations
D. all of the above
Select an option to see the answer and solution.
