Values and Ethics in Management

1

The 'Polluters must pay' principle is commonly accepted practice that those who produce pollution should bear the cost of managing it to prevent damage to human health or the environment. This principle was adopted in

A) 1996 Manila Declaration B) 2002 Kyoto Declaration C) 1992 Rio Declaration D) 2007 Paris Declaration

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Answer & Solution

Answer: Option C

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2

Which of the following statements about ethical standards are TRUE?

A) The upper limits of ethical standards are set by individual standards B) The laws of economically developed countries generally define the lowest common denominator of acceptable behaviour C) The actual degree of enforcement of the law in an underdeveloped country would determine the lower limit of permissible behaviour D) all of the above

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Answer & Solution

Answer: Option D

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3

Which one of the following of 'Immanuel Kant's' principle, known as categorical imperatives, is a guide to managerial action?

A) The managers should be open to 'share his/her corporate secrets, individual traits with external agencies B) The managers be free and open to sharehis individual knowledge and experience for community's gain C) Aperson's action is ethical only if that person is willing for that same action to be taken by everyone who is in a similar situation D) A person always treats another human being simply as a means to an end

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Answer & Solution

Answer: Option C

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4

The development of organisational decision processes where managers anticipate, respond to, and manage areas of social responsibility is

A) organisational social responsibility B) organisational social obligations C) organisational social responsiveness D) organisational social welfare

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Answer & Solution

Answer: Option C

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5

The ethical dilemma of choosing between two rights refers to

A) choosing between the lesser of two evils B) deciding which of two employee rights is the most important C) deciding to offer a bribe or lose out on an important opportunity D) choosing between the two types of sexual harassment

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Answer & Solution

Answer: Option A

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6

Assertion (A) Ethical relativism means that there are universal standards of human behaviour.
Reason (R) Ethical behaviour is primarily personal behaviour conforming to standards of morality.

A) (A) is correct and (R) is the correct explanation of (A) B) (A) is incorrect and (R) is the correct statement in isolation C) (A) and (R) both are incorrect D) (A) is correct, but (R) is not the correctexplanation of (A)

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Answer & Solution

Answer: Option B

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7

Which statement is true?

A) The manager of the future will have to ensure effective management of change B) Team work does not happen by command at a moment's notice C) The total quality management mind set is the aim of the Human Resource Development intervention D) Ecology or Goddess nature demands harmony and balance between global economic development and natural resources and social environment

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Answer & Solution

Answer: Option D

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8

Fundamental legal obligationsin taking corporate business decisions are formulated on the basis of

A) judicial principles B) moral principles C) ethical principles D) legislative principles

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Answer & Solution

Answer: Option C

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9

Which is the approach of morale?

A) Classical approach B) Psychological approach C) Social approach D) All of these

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Answer & Solution

Answer: Option D

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10

Business ethics is

A) based on the reality and social customs prevailing in business environment B) not affected by the social approval or disapproval C) base for long-term growth of business D) all of the above

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Answer & Solution

Answer: Option D

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