Match the items of List-I with those of List-II and choose the correct combination.
| List-I | List-II |
| a. Ethical model | 1. Corporate responsibilities limited to private owners |
| b. Statist model | 2. Voluntary commitment by companies to public welfare |
| c. Liberal model | 3. State ownership and legal requirements determine corporate responsibilities |
| d. Stakeholder model | 4. Companies respond to the need of the customers, communities etc |
A. a-2, b-3, c-1, d-4
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: Option A
Related Questions on Values and Ethics in Management
Which is the element of business ethics?
A. A discipline
B. It is an art and science both
C. Good intention
D. All of the above
A. rules of selling
B. rules of advertising
C. rules of behaviour
D. All of these
A. traditional
B. historical
C. social
D. political
"Ethics deal with the right actions of individuals". Who said this?
A. J. R. Betty
B. D. C. Za ne
C. Peter F. Drucker
D. C. S. Rao

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