Home - Ugc Net Management - Practice Questions - Unit 1 : Managerial Economics and Ethics - Ethics And Corporate Social Responsibility - Ethics Section 2

Unit 1 : Managerial Economics and Ethics - Ethics And Corporate Social Responsibility - Ethics Section 2 Online Exam Quiz

Important questions about Unit 1 : Managerial Economics and Ethics - Ethics And Corporate Social Responsibility - Ethics Section 2. Unit 1 : Managerial Economics and Ethics - Ethics And Corporate Social Responsibility - Ethics Section 2 MCQ questions with answers. Unit 1 : Managerial Economics and Ethics - Ethics And Corporate Social Responsibility - Ethics Section 2 exam questions and answers for students and interviews.

1. Business ethics

Options

A : is based on the reality and social customs prevailing in business environment

B : is not affected by the social approval or disapproval

C : the base of business ethics is theology

D : All of the above

2. Managerial ethics can be characterized by all of the following levels except

Options

A : immoral management

B : amoral management

C : femoral management

D : moral management

3. The psychological qualities are

Options

A : Resourcefulness

B : Cooperation

C : Personnel magnetism

D : All of the above

4. The ethical issues relating to owners of the business is/are

Options

A : Safeguards to the interest of minority shareholders

B : Investment of capital on profitable projects

C : The new issue of shares

D : All of the above

5. The idea of 'Fair Trade' can be best described as

Options

A : working up a relationship with suppliers overtime

B : companies operating fair, non-exploitative, practices with their suppliers

C : companies operating fair, non-exploitative, practices with their customers

D : giving the consumer a 'good deal'

46. The dark place contains which type of management?

Options

A : Operation Management

B : Board of Directors

C : Shareholder

D : Managing Directors

47. Which statement is/are true?

Options

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

48. Which statement is true about value-oriented?

Options

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

49. Which statement is true?

Options

A : Strategic decisions are usually taken by top managers, while route decisions are make mostly by lower level managers

B : Routine decisions involve no extraordinary judgment, analysis, and authority, since they are to traverse along more or less fixed avenues

C : Planning as a whole with its component parts like objectives, policies, and procedures is the outcome of decision making

D : All of the above

51. Which of the following is NOT one of the important tests of ethical corporate decisions?

Options

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?

52. Team leader Vinod is scheduled to prepare a performance of Neeru, a team member who also happens to be his wife's closest friend. The ethical temptation Vinod faces is

Options

A : sexual harassment

B : misuse of corporate resources

C : dealing with confidential information

D : conflict of interest

53. A recommended way of minimizing unethical behavior is for employees to

Options

A : write anonymous notes to ethical violators

B : immediately report all suspicious behavior to top management

C : spend part of their vacation preparing a personal philosophy of ethics

D : confront fellow employees about ethical deviations

54. The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the

Options

A : the iron law of responsibility argument

B : enlightened self-interest argument

C : capacity argument

D : anti-freeloader argument

55. Corporate planning consists

Options

A : Automation

B : Defamation

C : Financial accounting

D : Strategic planning

56. Which is favourable point of business ethics?

Options

A : Helps in professionalisation of management

B : Reputation of business

C : Perpetual succession

D : All of the above

57. Which statement is true?

Options

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

58. Which is/are the element of 7-S approach?

Options

A : Strategy

B : Systems

C : Structure

D : All of these

59. Which statement is/are true?

Options

A : Business ethics arises from considering the conditions under which modern business is conducted can be broadly described as a concern for the social responsibility of business

B : Corporate social responsibility encompasses a firm's ethics, in accordance with which it brings to all its business dealings such moral values as honesty, fairness, and respect

C : Ethics deals with the right actions of individuals

D : All of the above

60. The code of ethics of public relations practitioners are

Options

A : They must never compromise on the truth due to other requirements

B : They must never impair human dignity and integrity

C : The code philosophy of the code is to uphold the universal declaration of Human Rights of the UNO

D : All of the above

61. Which statement is true?

Options

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

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