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Free download in PDF Business Ethics Multiple Choice 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.
1
What is meant by the phrase CSR?
A
Corporate Social Responsibility
B
Company Social Responsibility
C
Corporate Society Responsibility
D
Company Society Responsibility
View Answer
Answer: Corporate Social Responsibility
2
What does Milton Friedman believe to be the sole responsibility of business?
A
The only social responsibility of business is to its shareholders
B
Managers should act in ways that balance the interest of society and shareholders
C
The primary responsibility organizations have is to its employees
D
The primary responsibility organizations have is to its stakeholders
View Answer
Answer: The only social responsibility of business is to its shareholders
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3
What is the enlightened self-interest model of CSR?
A
That it is in an organization's own best interest to put itself first rather than its ethics
B
That it is in an organization's best interest to consider what a shareholder would want
C
That it is in an organization's own best interest to act in an ethical way
D
That it is in an organization's own best interest to follow the legislation and abide by the law
View Answer
Answer: That it is in an organization's own best interest to act in an ethical way
4
What does the importance of ethical behaviour, integrity and trust call into question?
A
The extent to which managers should attempt to change the underlying beliefs and values of individual followers
B
Who does what
C
What we do next
D
None of these
View Answer
Answer: The extent to which managers should attempt to change the underlying beliefs and values of individual followers
5
Which of the following would most effectively act as the primary objective of a business organisation?
A
To make a profit
B
To procure resources
C
To communicate with shareholders
D
To mediate between the organisation and the environment
View Answer
6
Which of the following does the term Corporate Social Responsibility relate to?
A
Ethical conduct
B
Environmental practice
C
Community investment
D
All of the above
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7
What is Ethics to do with?
A
The wider community
B
Business
C
Right and wrong
D
Nothing
View Answer
8
Which legislation relates to the concept of business ethics?
A
Freedom of Information Act
B
Food Act
C
Building regulations
D
All of these
View Answer
Answer: Freedom of Information Act
9
A stakeholder orientation includes all of the following activities except:
A
Generating Data About Stakeholder Groups
B
Assessing The Firm's Effects On Stakeholder Groups
C
Distributing Stakeholder Information Throughout The Firm
D
Minimizing The Influence Of Stakeholder Information On The Firm
View Answer
Answer: Minimizing The Influence Of Stakeholder Information On The Firm
10
A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
A
Crisis
B
Ethical Issue
C
Indictment
D
Fraud
View Answer
11
What type of justice exists if employees are being open, honest, and truthful in their communications at work?
A
Procedural
B
Distributive
C
Ethical
D
Interactional
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12
Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:
A
Increase Revenue
B
Increase Costs
C
Decrease Revenue
D
Decrease Costs
View Answer
13
Atmospheric issues include all of the following except:
A
Acid Rain
B
Global Warming
C
Air Pollution
D
Water Quantity
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14
Most companies begin the process of establishing organizational ethics programs by developing:
A
Ethics Training Programs
B
Codes Of Conduct
C
Ethics Enforcement Mechanisms
D
Hidden Agendas
View Answer
15
When a firm charges different prices to different groups of customers, it may be accused of:
A
Cultural Relativism
B
Money Laundering
C
Facilitating Payments
D
Price Discrimination
View Answer
Answer: Cultural Relativism
16
Successful global initiatives addressing standards for business must begin and end with:
A
the role of corporate governance and shareholder power in corporate decision making
B
social activism
C
the implementation of standardized ethics programs
D
the consolidation of economic and environmental efforts
View Answer
Answer: the role of corporate governance and shareholder power in corporate decision making
17
The social economy partnership philosophy emphasizes:
A
Cooperation And Assistance
B
Profit Maximization
C
Competition
D
Restricting Resources And Support
View Answer
Answer: Cooperation And Assistance
18
Which of the following is a problem presented by ethics audits?
A
They may be used to reallocate resources
B
They identify practices that need improvement
C
Selecting auditors may be difficult
D
They may pinpoint problems with stakeholder relationships
View Answer
Answer: Selecting auditors may be difficult
19
The first step in the auditing process should be to secure the commitment of:
A
Employees
B
Top Executives And Directors
C
Stockholders
D
Customers
View Answer
Answer: Top Executives And Directors
20
____________ refers to a strategic process involving stakeholder assessment to create long-term relationships with customers, while maintaining, supporting, and enhancing the natural environment.
A
Eco-strategy
B
Green marketing
C
Superfund reauthorization
D
Recycle and reprocess management
View Answer
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