Values and Ethics in Management Page-6 section-2

Section 1 Section 2 Section 3

51.
Which of the following is NOT one of the important tests of ethical corporate decisions?

A. Can you talk about it?

B. Does it work in the short run?

C. Is it legal?

D. Does it work in the long run?

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52.
Milton Friedman stated his belief that 'there is only one social responsibility' for a company to use its resources to

A. give as much to charitable causes as possible

B. ensure employment

C. provide good facilities for workers

D. increase profits so long as it stays within the rules of the game

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53.
The prima facie benefits for consumers include

A. improving efficiency through maximising advantage of specialisation

B. stabilising levels of output and channels of distribution

C. increasing liability resources

D. all of the above

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54.
A teleological approach to business ethics proposes that the guiding principle should be

A. Practice

B. People

C. Purpose

D. Power

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55.
Morale is related to the state of mental health which is closely associated with

A. loyalty

B. enthusiasm

C. egoism

D. all of these

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56.
The environmental analysis includes

A. Political conditions

B. Social factors

C. Economic conditions

D. All of the above

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57.
Which is the approach to corporate planning?

A. Customers and workers satisfaction

B. Planning skills

C. Optimising

D. All of the above

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58.
Value based management is essential to combine subjective and

A. normative phenomena

B. objective phenomena

C. power

D. tangible items

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59.
In view of competitive global economy, corporations are involved in costcutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out successfully only if there is proper

A. Business ethics

B. Ethical audit

C. Corporate social responsibility

D. Corporate goyernance

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60.
Match the items of List-II with those of List-I and choose the correct combination.

List-I List-II

a. Cadburry Committee 1. SEBI regulations

b. Cause 49 of Listing Agreement 2. Code of best practice

c. Minimum number of board specified meeting per year 3. Ethics

d. Wilistle Blowing 4. Companies Act 2013

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

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

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

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

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Cadburry Committee	1. SEBI regulations
b. Cause 49 of Listing Agreement	2. Code of best practice
c. Minimum number of board specified meeting per year	3. Ethics
d. Wilistle Blowing	4. Companies Act 2013

Values and Ethics in Management

51. Which of the following is NOT one of the important tests of ethical corporate decisions?

Answer & Solution

52. Milton Friedman stated his belief that 'there is only one social responsibility' for a company to use its resources to

Answer & Solution

53. The prima facie benefits for consumers include

Answer & Solution

54. A teleological approach to business ethics proposes that the guiding principle should be

Answer & Solution

55. Morale is related to the state of mental health which is closely associated with

Answer & Solution

56. The environmental analysis includes

Answer & Solution

57. Which is the approach to corporate planning?

Answer & Solution

58. Value based management is essential to combine subjective and

Answer & Solution

59. In view of competitive global economy, corporations are involved in costcutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out successfully only if there is proper

Answer & Solution

Answer & Solution

Read More Section(Values and Ethics in Management)

51.
Which of the following is NOT one of the important tests of ethical corporate decisions?

52.
Milton Friedman stated his belief that 'there is only one social responsibility' for a company to use its resources to

53.
The prima facie benefits for consumers include

54.
A teleological approach to business ethics proposes that the guiding principle should be

55.
Morale is related to the state of mental health which is closely associated with

56.
The environmental analysis includes

57.
Which is the approach to corporate planning?

58.
Value based management is essential to combine subjective and

59.
In view of competitive global economy, corporations are involved in costcutting, corporate restructuring, mergers and acquisitions and downsizing. All these activities can be carried out successfully only if there is proper