Values and Ethics in Management

11

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

Discuss

Answer & Solution

Answer: Option D

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12

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

Discuss

Answer & Solution

Answer: Option A

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13

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

Discuss

Answer & Solution

Answer: Option D

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14

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

Discuss

Answer & Solution

Answer: Option D

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15

Economic environment includes

A) industrial infrastructure B) economic indices C) national product D) All of these

Discuss

Answer & Solution

Answer: Option D

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16

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

Discuss

Answer & Solution

Answer: Option D

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17

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

Discuss

Answer & Solution

Answer: Option D

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18

The factors causing unethical conduct of business are

A) economicgreed B) decreasing standards of society C) political corruption D) All of the above

Discuss

Answer & Solution

Answer: Option D

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19

The elements of management system in quality environment of TQM is

A) Method and procedure B) Process C) Focus D) All of the above

Discuss

Answer & Solution

Answer: Option D

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20

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

Discuss

Answer & Solution

Answer: Option D

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