Values and Ethics in Management

61

Which is the favourable point of business ethics?

A) Perpetual succession B) Reputation of business C) Helps in professionalisation of management D) All of the above

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Answer & Solution

Answer: Option D

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62

Which of the following statement is true?

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

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Answer & Solution

Answer: Option D

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63

The social responsibility of business towards supplier includes

A) to build trust B) to make payment on time C) to provide technical support D) all of the above

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Answer & Solution

Answer: Option D

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64

Global corporate culture involves an integration of . . . . . . . . in which firms currently operate.

A) business environments B) ecological environments C) profit environments D) technical environments

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Answer & Solution

Answer: Option A

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65

Fairness in employment practices centers on

A) hiring no family members or friends B) giving people equal rewards for accomplishing the same tasks C) obeying equal employment opportunity legislation D) avoiding conflicts of interest

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Answer & Solution

Answer: Option B

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66

Which is the monitor results of TQM?

A) Compare with rivals B) Evaluate results C) Produce output required D) All of the above

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Answer & Solution

Answer: Option D

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67

Which statement is true about value-oriented?

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

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Answer & Solution

Answer: Option D

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68

Rule . . . . . . . . means the enforcement of rules in the society legally.

A) making B) implementation C) application D) following

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Answer & Solution

Answer: Option C

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69

Assertion (A) Social audit has been defined as a commitment to systematic assessment of and reporting in some meaningful, definable domain of the company's activities that have social impacts.
Reason (R) The Companies Act, 2013 has accorded statutory recognition of the social responsibility of a corporate entity and gives option to provide a percentage of profit for the purpose as per discretion of the board.

A) Both (A) and (R) are correct and (R) is the correct explanation of (A) B) Both (A) and (R) are correct, but (R) is not the correct explanation of (A) C) (A) is correct, but (R) is not correct D) (R) is correct, but (A) is not correct

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Answer & Solution

Answer: Option C

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70

A firm is said to have good corporate social performance when

A) stockholders invest in socially responsible causes B) charitable deductions are automatically deducted from pay without the consent of employees C) the company has not been convicted of ethical violations for five consecutive years D) stakeholders are satisfied with its level of social responsibility

Discuss

Answer & Solution

Answer: Option D

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