Values and Ethics in Management

51

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?

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

52

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

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

53

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

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

54

A teleological approach to business ethics proposes that the guiding principle should be

A) Practice B) People C) Purpose D) Power

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

55

Morale is related to the state of mental health which is closely associated with

A) loyalty B) enthusiasm C) egoism D) all of these

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

56

The environmental analysis includes

A) Political conditions B) Social factors C) Economic conditions D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

57

Which is the approach to corporate planning?

A) Customers and workers satisfaction B) Planning skills C) Optimising D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

58

Value based management is essential to combine subjective and

A) normative phenomena B) objective phenomena C) power D) tangible items

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

59

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

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

60

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

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board