71
Match the following
List-I (Social Responsibilities) List-II (Features)
a. Responsibility to share holders
1. Improving quality
b. Responsibility to employees
2. To include in social welfare activities
c. Responsibility to consumers
3. To establish better working conditions
d. Responsibility to community
4. To be transparent
A)
a-1, b-2, c-3, d-4
B)
a-4, b-3, c-1, d-2
C)
a-3, b-2, c-1, d-4
D)
a-2, b-3, c-4, d-1
Answer & Solution
Answer: Option
B
72
Which one among the following is not correct about J. J. Irani committee's recommendations on Company Law (2005)?
A)
$${\frac{2}{5}^{{\text{th}}}}$$ of the board of a listed company should comprise of independent directors
B)
Introduce the concept of One Person Company (OPC)
C)
Allow corporations to self-regulate their affairs
D)
Disclose proper and accurate compilation of financial information of a corporation
Answer & Solution
Answer: Option
A
73
"We wish to be good citizens of every community in which we live". This is a
A)
political code of conduct
B)
social code
C)
ethical code
D)
legal rule
Answer & Solution
Answer: Option
B
74
Which of the following statement(s) is/are true?
A)
The problem of increased pollution and depletion of natural resources is more obvious than a second problem, which is the diffusidon of individual moral responsibility
B)
The idea of system started quite some time back in natural sciences when scientists started using this world to establish their view point
C)
The emergence of trade unions in a political system affect the political parties, the electoral process, the legislature and judiciary
D)
All of the above
Answer & Solution
Answer: Option
D
75
"Corporate planning is the continuous process of making present entrepreneurial decisions systematically and with the best possible knowledge of their futurity." Who said?
A)
McCanathen
B)
Peter F. Drucker
C)
Hussey
D)
J. R. Betty
Answer & Solution
Answer: Option
B
76
The Indian ethos is for the individual self to become aware, develop and contribute social welfare by linking yourself to the
A)
Customs
B)
Business
C)
Cooperation and planning
D)
Society
Answer & Solution
Answer: Option
A
77
Match the items of List-I with those of List-II and choose the correct combination.
List-I List-II
a. Ethics are the principles of conduct governing an individual or profession.
1. John Donaldson
b. Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation.
2. Keith Davis
c. Ethics are a set of rules that defines right and wrong conduct.
3. Shea
d. Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions or practices and beliefs.
4. R. Wayne Mondy
A)
a-3, b-4, c-1, d-2
B)
a-3, b-4, c-2, d-1
C)
a-4, b-3, c-2, d-1
D)
a-1, b-2, c-3, d-4
Answer & Solution
Answer: Option
B
78
The characteristics of business ethic(s) is/are
A)
study of goals and means
B)
dynamic philosophy
C)
relates to human angle
D)
all of these
Answer & Solution
Answer: Option
D
79
Which one of the following is not principle business ethics?
A)
Principle of universality
B)
Principle of humanity
C)
Principle of autonomy
D)
Principle of dissatisfaction
Answer & Solution
Answer: Option
D
80
Which of the following statement(s) is fare true?
A)
For the profits, monopoly firm gives misleading advertisement, false labeling etc
B)
Role playing is a device used to simulate a living situation
C)
According to classical approach to moral reasoning, the satisfaction of basic needs is the symbol of morale
D)
A!l of the above
Answer & Solution
Answer: Option
D
