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Free download in PDF Business Ethics Objective Type Questions & Answers for competitive exams. These short objective type questions with answers are very important for competitive exams like IBPS, Railway, CAT etc. These short solved questions or quizzes are provided by Gkseries.
(21)
The hand-of-government refers to the
[A]
Ability Of The Government To Interfere In Business Negotiations
[B]
Role Of Corporations To Be Profitable Within The Law
[C]
Effect Of National Politics On Business Decisions
[D]
Impact Of Changing Government Regulations
Answer: Role Of Corporations To Be Profitable Within The Law
(22)
An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as
[A]
Organisational Social Responsibility
[B]
Organisational Social Responsiveness
[C]
Corporate Obligation
[D]
Business Ethics
Answer: Organisational Social Responsibility
(23)
Managerial ethics can be characterised by all of the following levels except
[A]
Immoral Management
[B]
Amoral Management
[C]
Demoral Management
[D]
Moral Management
Answer: Demoral Management
(24)
Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?
[A]
Openness
[B]
Integrity
[C]
Accountability
[D]
acceptability
(25)
A company may become insolvent if it
[A]
has negative working capital
[B]
cannot meet its budgeted level of profit
[C]
makes a loss
[D]
cannot pay creditors in full after realisation of its assets
Answer: cannot pay creditors in full after realisation of its assets
(26)
Fraudulent trading may be
[A]
a civil offence committed by any employee
[B]
a criminal offence committed only by directors of a limited company
[C]
a civil and a criminal offence committed only by directors of a limited company
[D]
a civil and a criminal offence committed by any employee
Answer: a civil and a criminal offence committed by any employee
(27)
Disqualification of directors may result from breaches under the
[A]
Sale of Goods Act 1979
[B]
Financial Services Act 1986
[C]
Companies Act 2006 and Insolvency Act 1986
[D]
Health and Safety at Work Act 1974
Answer: Companies Act 2006 and Insolvency Act 1986
(28)
Directors may not be disqualified for
[A]
continuing to trade when the company is insolvent
[B]
persistent breaches of company legislation
[C]
paying inadequate attention to the company finances
[D]
being convicted of drunken driving
Answer: being convicted of drunken driving
(29)
Which of the following actions will not help directors to protect themselves from non-compliance with their obligations and responsibilities?
[A]
keeping themselves fully informed about company affairs
[B]
ensuring that regular management accounts are prepared by the company
[C]
seeking professional help
[D]
including a disclaimer clause in their service contracts
Answer: including a disclaimer clause in their service contracts
(30)
The OECD argues that corporate governance problems arise because:
[A]
Ownership and control is separated
[B]
Managers always act in their own self interest
[C]
Profit maximization is the main objective of organizations
[D]
Stakeholders have differing levels of power
Answer: Ownership and control is separated
31
Co-ording to Cadbury (2002), corporate governance is an issue of power and:
[A]
Rights
[B]
Accountability
[C]
Profit
[D]
Appropriability
32
A director of a limited company may not be liable for wrongful trading if he or she
[A]
took every step to minimise the potential loss to creditors
[B]
increased the valuation of its inventories to cover any potential shortfall
[C]
introduced into the balance sheet an asset based on a valuation of its brands sufficient to meet any shortfall
[D]
brought in some expected sales from next year into the current year
Answer: took every step to minimise the potential loss to creditors
33
Directors’ responsibilities are unlikely to include.
[A]
a fiduciary duty
[B]
a duty to keep proper accounting records
[C]
a duty to propose high dividends for shareholders
[D]
a duty of care
Answer: a duty to propose high dividends for shareholders
34
External audit of the accounts of a limited company is required
[A]
Because It Is Demanded By The Company’s Bankers
[B]
By The Companies Act 2006
[C]
At The Discretion Of The Shareholders
[D]
To Detect Fraud
Answer: By The Companies Act 2006
35
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
Answer: enlightened self-interest argument
36
In a ______________ organization, decision making is delegated as far down the chain of command as possible.
[A]
Decentralized
[B]
Creative
[C]
Flexible
[D]
the consolidation of economic and environmental efforts
37
Which of the following is NOT one of the primary elements of a strong organizational compliance program?
[A]
A written code of conduct
[B]
An ethics officer
[C]
Significant financial expenditures
[D]
A formal ethics training program
Answer: Significant financial expenditures
38
Codes of conduct and codes of ethics
[A]
Are Formal Statements That Describe What An Organization Expects Of Its Employees
[B]
Become Necessary Only After A Company Has Been In Legal Trouble
[C]
Are Designed For Top Executives And Managers, Not Regular Employees
[D]
Rarely Become An Effective Component Of The Ethics And Compliance Program
Answer: Are Formal Statements That Describe What An Organization Expects Of Its Employees
39
Which of the following is not a driver of responsible competitiveness?
[A]
Policy drivers
[B]
Development drivers
[C]
Business action
[D]
Social enablers
Answer: Development drivers
40
The ability to interpret and adapt successfully to different national, organizational, and professional cultures is called:
[A]
National Competitiveness
[B]
Global Development
[C]
Cultural Intelligence
[D]
Stakeholder Sensitivity
Answer: Cultural Intelligence
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