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Free download in PDF Business Ethics Short 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.
41
For referent power to be effective, what must exist between individuals in the relationship?
[A]
Antipathy
[B]
Rivalry
[C]
History
[D]
Empathy
42
To be successful, business ethics training programs need to:
[A]
focus on personal opinions of employees
[B]
be limited to upper executives
[C]
educate employees on formal ethical frameworks and models of ethical decision making
[D]
promote the use of emotions in making tough ethical decisions
Answer: educate employees on formal ethical frameworks and models of ethical decision making
43
A high-commitment approach to environmental issues may include all of the following except:
[A]
Risk Analysis
[B]
Stakeholder Analysis
[C]
Green-Washing
[D]
Strategic Sustainability Auditing
44
Stakeholders are considered more important to an organization when:
[A]
they can make use of their power on the organization
[B]
they do not emphasize the urgency of their issues
[C]
their issues are not legitimate
[D]
they can express themselves articulately
Answer: they can make use of their power on the organization
45
The ________ dimension of social responsibility refers to a business's societal contribution of time, money, and other resources.
[A]
Ethical
[B]
Philanthropic
[C]
Volunteerism
[D]
Strategic
46
The four types of social responsibility include:
[A]
Legal, Philanthropic, Economic, And Ethical
[B]
Ethical, Moral, Social, And Economic
[C]
Philanthropic, Justice, Economic, And Ethical
[D]
Legal, Moral, Ethical, And Economic
Answer: Legal, Philanthropic, Economic, And Ethical
47
Which of the following is an example of an area where business ethics apply?
[A]
Conduct of international operations
[B]
Nowhere
[C]
In the personal life of staff
[D]
None of the above
Answer: Conduct of international operations
48
Who are organisational stakeholders?
[A]
Government
[B]
Employees
[C]
Customers
[D]
All of the above
49
What is green washing?
[A]
Transforming products to be more ethical
[B]
Making a product appear more ethical that it really is
[C]
Converting the company to green production methods
[D]
Convincing customers to buy ethically
Answer: Making a product appear more ethical that it really is
50
What is triple bottom line?
[A]
An accounting tool that looks at the impact on people, planet and profits
[B]
A management strategy which states all the attention should be on profits
[C]
An accounting tool that looks at cost, profit and loss
[D]
A management strategy which focuses on corporate social responsibility
Answer: An accounting tool that looks at the impact on people, planet and profits
51
Why do alternative organizations run differently from conventional shareholder led approach?
[A]
They do not have shareholders
[B]
They are run in non-hierarchical ways which aim to provide a positive impact on society rather than to make profit
[C]
They priorities corporate social responsibility
[D]
They aim to give money to charities and good causes
Answer: They are run in non-hierarchical ways which aim to provide a positive impact on society rather than to make profit
52
What does and Ethical Foundation for an organisation embody?
[A]
The structure, operational and conduct of the activities of the organization
[B]
The basic principles which govern the external and internal relations of the organization
[C]
Neither of the above
[D]
All of these
Answer: The basic principles which govern the external and internal relations of the organization
53
A ________ _________ sets out the purpose and general direction for the organisation?
[A]
Mission statement
[B]
Purpose statement
[C]
Vision
[D]
Profit statement
Answer: Mission statement
54
What is the purpose of a balanced scorecard?
[A]
To measure contribution of people to business growth
[B]
To combine a range of qualitative and quantitative indicators of performance
[C]
To relate business performance to customer satisfaction
[D]
All of the above
Answer: To combine a range of qualitative and quantitative indicators of performance
55
What, according to Adam Smith, is the best way to promote collective interest?
[A]
Through government making decisions about what is in the public interest
[B]
Through everyone working together to support each other
[C]
Through everyone working on their own self-interest
[D]
Through individuals forgoing their personal interest for the good of the collective
Answer: Through everyone working on their own self-interest
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