CBSE Questions for Class 11 Commerce Business Studies Social Responsibilities Of Business And Business Ethics Quiz 4 - MCQExams.com

Which one of the following is not an unethical business practice?
  • Collusion
  • Insider Trading
  • Kickback
  • Whistle blowing
The rules or principles that define right or wrong conduct are known as _______.
  • ethics
  • customer satisfaction
  • ethical conflict
  • none of the above
Which amongst the following ethical issue is not related with ethics in finance?
  • Fraudulent asset valuation
  • Insider trading
  • Executive compensation
  • Price fixing
Which one of the following is a measure to improve ethical behavior of business at societal level?
  • Indira Gandhi Paryavarari Puraskar
  • Mumbai Grahak Panchayat
  • Ethical Committee comprising BOD
  • All of the above
Anti-competitive practices include _________.
  • insider trading
  • grey markets
  • employment of child labour in production activities
  • tie-in arrangements
Codes of conduct and codes of ethics ___________.
  • are formal statements that describe what an organization expects of its employees
  • become necessary only after a company has been in legal trouble
  • are designed for top executives and managers and not for regular employees
  • rarely become an effective component of the ethics and compliance program
Business ethics is a __________ norm.
  • perversive
  • continuous
  • relative
  • none of the above
An activity is probably ethical if __________.
  • It is approved of by most individuals in the organization and is customary in the industry
  • It is approved of by most individuals in the organisation
  • It is customary in the industry
  • It is legal
A situation requiring a choice between equally undesirable alternatives; any difficult or perplexing situation or problem is known as _______.
  • trivial
  • pivotal
  • dilemma
  • veteran
Sarbanes Oxley Act of $$2002$$ is named after which of the following experts?
  • Aristotle
  • Smator Paul Sarbanes
  • Michael Oxley
  • Both (b) and (c)
The ethics in human resource management cover those ethical issues arising around the __________. 
  • society-employer relationship
  • customer-employees relationship
  • employer-State relationship
  • employer-employees relationship
Investors are concerned about ________ of the company in which they invest.
  • ethics, social responsibility and reputation
  • employees
  • executive compensation
  • only profitability
Ethics has ________ application.
  • universal
  • continuous
  • rigid
  • limited
Write the expanded form of "EBEN"?
  • European Business Ethics Network
  • European Behaviour Ethics Network
  • Exact Business Ethics Network
  • None of the above
Which of the following actions is an ethical practice?
  • Harassment
  • Heluseto grant leave; recording genuine reason in writing by the employer
  • Corruption
  • Discrimination by employer in treatment while dealing with employees.
The word ethics is derived from the word 'ethos' which means ______.
  • to hear
  • to look
  • to see
  • to speak
Which of the following is/are correct statements?
  • Business ethics is not applicable is small business and industry
  • Business ethics is not applicable to Government departments
  • Business ethics is applicable to all types of businesses
  • Business ethics is applicable to only few specifies business by GOI.
________ refers to the code of conduct.
  • Code of practice
  • Code of ethics
  • Business ethics
  • All of the above
The term "Business Ethics" came into common use in the year ________.
  • $$1950$$
  • $$1960$$
  • $$1970$$
  • $$1980$$
Which of the following is not related to ethics in marketing?
  • Price fixing
  • Price discrimination
  • Price skimming
  • Over billing of expenses
Which among the following is the vital factor in successful business strategy?
  • Attracting and "Retaining Talent
  • Investor loyalty
  • Customer satisfaction
  • None of the above
A/An ____________ is a moral situation in which a choice has to be made between two equally undesirable alternatives.
  • Moral problem
  • Moral obligation
  • Ethical confusion
  • Ethical dilemma
Which of the following can be related as the benefits of behaving ethically by the businesses?
  • Long term sustainability
  • Good will lost
  • Societal resistance
  • High attrition rate
According to sacredness of means and ends principle of business ethics ____________.
  • For a good end a man should not be treated as a factor of production.
  • It is unethical to do major evil to another or oneself.
  • Business should not co-operate with any one for doing any evil acts.
  • A good end cannot be attained with wrong means
Activity to improve ethical behavior by enacting various legislation is not taken at _________.
  • government level
  • institutional level
  • industrial level
  • societal level
__________ is doing the right thing even if nobody is watching.
  • Promise keeping
  • Effectiveness
  • Efficiency
  • Integrity
Which of the following can be related as the benefits of behaving ethically by the business?
  • Societal resistance
  • Goodwill lost
  • High attrition rate
  • Long term sustainability of business
The element which serves to provide employees with a means for reporting observed misconduct or violations without fear of reprisal is known as ___________.
  • Ethics training
  • Ethics coach
  • Strong code of ethics
  • Systems for confidential reporting
Which ethical principle in business advocates equal treatment of all irrespective of caste, creed, gender or any other differences'?
  • Justice and fairness
  • Ethics of care
  • Utilitarianism
  • Right and duties
Business ethics may be defined as a set of moral rules and principals to protect the interest of _________.
  • industry as whole
  • business unit
  • both business & industry
  • employer
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