Values and Ethics in Management Page-1 section-2

Section 1 Section 2 Section 3

1.
Match the following.

List-I (Issues) List-II (Elements)

a. Issues relating to nations 1. Safety standards of using product

b. Issues relating to competitive institutions 2. Assessment of tax liability

c. Issues relating to government 3. Dealers and retailers

d. Issues relating to customer 4. International cooperation

5. Moral standards

A. a-4, b-3, c-2, d-1

B. a-1, b-2, c-3, d-4

C. a-1, b-2, c-4, d-5

D. a-5, b-2, c-1, d-3

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2.
In between the corporate extremes of working solely for the interests of stockholders and working to solve social problems is the position of being . . . . . . . .

A. socially reactive

B. environmentally sensitive

C. professionally committed

D. ecologically proactive

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3.
The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the

A. iron law of responsibility argument

B. enlightened self-interest argument

C. capacity argument

D. anti-freeloader argument

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4.
Which of the following statement(s) is/are true?

A. The customer satisfaction and total quality requirements are now recognised as desirable means to assure profitability, survival and progress by all marketing companies

B. Ecological crisis for mankind is a burning problem next in importance to corruption and crisis of value

C. Manager should liberally draw an Indian wisdom for achieving highest levels of excellence in management and organisations

D. All of the above

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5.
Which is/are argument against Corporate Social Responsibility?

A. Cost burden on consumers

B. Non-availability of social skills

C. Unsupported by logic

D. All of the above

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6.
Which statement is/are true?

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

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7.
Statement I Ethical decision-making is a very tough prospect in this 'dog-eat-dog' world. All will have to fall in and play fair.
Statement II In this age of liberalisation and globahsation, the old dirty games and ethical conduct will no longer be accepted.

A. Both statements are incorrect

B. Both statements are correct

C. Statement I correct, but Statement II incorrect

D. Statement I incorrect, but Statement II correct

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8.
Ethics are moral principles and values which:

A. are legally enforceable

B. guide a firm's behaviour

C. provide employees with rules on how to behave

D. govern the actions of an individual

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9.
A business should act ethically for which of the following reasons?
1. To prevent harm to the general public
2. To meet stakeholder expectations
3. To protect their own employees
4. To maximise profit of the business

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. Both 1 and 4

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10.
A whistle blower is an employee who

A. exposes organizational wrongdoing

B. complains a lot to company management

C. engages in unethical behaviour

D. referees disputes with other employees

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1 2 3 4 5 6 7 8 9 10

List-I (Issues)	List-II (Elements)
a. Issues relating to nations	1. Safety standards of using product
b. Issues relating to competitive institutions	2. Assessment of tax liability
c. Issues relating to government	3. Dealers and retailers
d. Issues relating to customer	4. International cooperation
	5. Moral standards

Values and Ethics in Management

Answer & Solution

2. In between the corporate extremes of working solely for the interests of stockholders and working to solve social problems is the position of being . . . . . . . .

Answer & Solution

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

Answer & Solution

4. Which of the following statement(s) is/are true?

Answer & Solution

5. Which is/are argument against Corporate Social Responsibility?

Answer & Solution

6. Which statement is/are true?

Answer & Solution

7. Statement I Ethical decision-making is a very tough prospect in this 'dog-eat-dog' world. All will have to fall in and play fair. Statement II In this age of liberalisation and globahsation, the old dirty games and ethical conduct will no longer be accepted.

Answer & Solution

8. Ethics are moral principles and values which:

Answer & Solution

9. A business should act ethically for which of the following reasons? 1. To prevent harm to the general public 2. To meet stakeholder expectations 3. To protect their own employees 4. To maximise profit of the business

Answer & Solution

10. A whistle blower is an employee who

Answer & Solution

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2.
In between the corporate extremes of working solely for the interests of stockholders and working to solve social problems is the position of being . . . . . . . .

3.
The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the

4.
Which of the following statement(s) is/are true?

5.
Which is/are argument against Corporate Social Responsibility?

6.
Which statement is/are true?

7.
Statement I Ethical decision-making is a very tough prospect in this 'dog-eat-dog' world. All will have to fall in and play fair.
Statement II In this age of liberalisation and globahsation, the old dirty games and ethical conduct will no longer be accepted.

8.
Ethics are moral principles and values which:

9.
A business should act ethically for which of the following reasons?
1. To prevent harm to the general public
2. To meet stakeholder expectations
3. To protect their own employees
4. To maximise profit of the business

10.
A whistle blower is an employee who