The social responsibility of business include
A. responsibilities of entrepreneur towards owners
B. responsibilities of entrepreneur towards consumers
C. responsibilities of entrepreneur towards employees
D. all of the above
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Corporate planning is an ongoing or continuous process. It is a dynamic exercise that goes on throughout the
A. Corporate life
B. Corporate responsibility
C. Budget
D. Business status
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The long-term self-interests of . . . . . . . . are best served when business assumes social responsibilities.
A. entrepreneurs
B. customers
C. business
D. suppliers
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Statement I For the improvement in the corporate governance, the Department of Company Affairs (DCA) proposed a code of behaviour for the public sector companies in the year 1998.
Statement II The Clause 49 of SEBI was amended on August 2001, which had made it mandatory for every public company listed on Indian stock exchanges to sign it.
A. Statement I is correct, but Statement II is incorrect
B. Statement II is correct, but Statement Iis incorrect
C. Both statements are correct
D. Both statements are incorrect
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The code of ethics of public relations includes
A. they must never impair human dignity and integrity
B. they must protect the interests of the organisation. They serve data to the government and the general public
C. they must never compromiseon the truth due to other requirements
D. all of the above
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Issues of social responsibility continue to center on all of the following EXCEPT
A. military industrial complex
B. the environment
C. consumer concerns
D. employee's safety and welfare
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Effective management of long-term cooperative relationship necessitates that managers recognize the
A. global importance of profit
B. global impact of business competitiveness among large corporations
C. global interdependence of economies and environments
D. need to maximize profits in all economic settings
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A philanthropist is someone who
A. buys products which have a positive impact on society
B. boycotts products which have a negative impact on society
C. both A and B
D. recognises the social impact of business on society
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Which among the following is not associated with social responsibility of business enterprise?
A. Caux Round Table
B. Transparency International
C. Global reporting initiative
D. Organisation for economic cooperation and development
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Which technique may be used to improve ethical conduct of business at the Government level?
A. Political indiscipline
B. Removal of excessive control
C. Strict penalty provisions
D. All of the above
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Which of the following is NOT one of the important tests of ethical corporate decisions?
A. Can you talk about it?
B. Does it work in the short run?
C. Is it legal?
D. Does it work in the long run?
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Milton Friedman stated his belief that 'there is only one social responsibility' for a company to use its resources to
A. give as much to charitable causes as possible
B. ensure employment
C. provide good facilities for workers
D. increase profits so long as it stays within the rules of the game
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The prima facie benefits for consumers include
A. improving efficiency through maximising advantage of specialisation
B. stabilising levels of output and channels of distribution
C. increasing liability resources
D. all of the above
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A teleological approach to business ethics proposes that the guiding principle should be
A. Practice
B. People
C. Purpose
D. Power
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Morale is related to the state of mental health which is closely associated with
A. loyalty
B. enthusiasm
C. egoism
D. all of these
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The environmental analysis includes
A. Political conditions
B. Social factors
C. Economic conditions
D. All of the above
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Which is the approach to corporate planning?
A. Customers and workers satisfaction
B. Planning skills
C. Optimising
D. All of the above
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Value based management is essential to combine subjective and
A. normative phenomena
B. objective phenomena
C. power
D. tangible items
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In view of competitive global economy, corporations are involved in costcutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out successfully only if there is proper
A. Business ethics
B. Ethical audit
C. Corporate social responsibility
D. Corporate goyernance
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Match the items of List-II with those of List-I and choose the correct combination.
List-I
List-II
a. Cadburry Committee
1. SEBI regulations
b. Cause 49 of Listing Agreement
2. Code of best practice
c. Minimum number of board specified meeting per year
3. Ethics
d. Wilistle Blowing
4. Companies Act 2013
A. a-4, b-3, c-2, d-1
B. a-2, b-1, c-4, d-3
C. a-4, b-1, c-2, d-3
D. a-3, b-1, c-2, d-4
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