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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 2
Q1 | --------- is a statement of expected results expressed in quantitative terms for a period
- plan
- budget
- schedule
- none of these
Q2 | The word Ethics is derived from Greek word……
- ethios
- ethikos
- ethoes
- none
Q3 | What is meant by the phrase CSR?
- corporate social responsibility
- company social responsibility
- corporate society responsibility
- company society responsibility
Q4 | The goal of corporate governance and business ethics education is to:
- teach students their professional accountability and to uphold their personal integrity to society.
- change the way in which ethics is taught to students.
- create more ethics standards by which corporate professionals must operate.
- increase the workload for accounting students.
Q5 | The corporate governance structure of a company reflects the individual companies’:
- cultural and economic system.
- legal and business system.
- social and regulatory system.
- all of the above.
Q6 | The four types of social responsibility include:
- legal, philanthropic, economic, and ethical
- ethical, moral, social, and economic
- philanthropic, justice, economic, and ethical
- legal, moral, ethical, and economic
Q7 | A(n) is a problem, situation, or opportunity requiring an individual, group, ororganization to choose among several actions that must be evaluated as right or wrong.
- crisis
- ethical issue
- indictment
- fraud
Q8 | Which of the following statements best describes Corporate Social Responsibility?
- a corporation's requirement to make as much profit as possible.
- a corporation's obligation to society that goes beyond the requirements of the law and economics to take into account the social and environmental impact of its decisions.
- a corporation's obligation to consider the impact of its decisions on the environment.
- the duty of care a corporation has to its employees and customers.
Q9 | The moral case for CSR, i.e. that it is the right thing to do, is justified by which of thefollowing arguments?
- that the corporation is a creation of society and should therefore serve its needs.
- that the corporation is a legal creation and therefore cannot be a moral agent.
- large corporations do not have the power or resources to address society's problems.
- business decisions will have social and environmental consequences which will be addressed by governments.
Q10 | Which of the following form part of the business case for CSR?
- better motivated staff reduce operating costs.
- increased brand value and reputation.
- the maintenance of the 'licence to operate'.
- all of the options given.
Q11 | The word moral is derived from the Latin word ………
- moralis
- morilitic
- monatic
- none
Q12 | ……..ethics is a study of human behaviour as a consequence of beliefs about what isright or wrong.
- normative
- meta
- applied
- moral
Q13 | The main purpose of business ethics is to?
- understanding ethical uncertainities
- principles and concepts
- application of practices
- all of the above
Q14 | …………………is primarily concerned with the relationship of business goals andtechniques to specifically human ends
- business ethics
- code of conduct
- all of these
- none
Q15 | …………are the principles, which govern and guide business people to performbusiness functions
- business ethics
- code of conduct
- all of these
- none
Q16 | In ………… style of leadership a manager centralizes decision making power inhimself
- autocratic
- participative
- free rein
- none of these
Q17 | ……………… leader tries to make the subordinates to feel that they are actuallyparticipating in decision making even though he had already taken he decision.
- participative
- free rein
- manipulative autocrat
- none of these
Q18 | ………………. Leadership gives complete freedom to subordinates
- authoritarian
- participative
- free rein
- none of these
Q19 | Participative leadership is also referred as …………………. leadership
- democratic
- consultative
- ideographic
- all of these
Q20 | ……………. Is vested with the democratic style of leadership
- negative motivation
- centralization of authority
- decentralization of authority
- one way communication
Q21 | --------- is considered as the primary function of management?
- organizing
- planning
- staffing
- controlling
Q22 | MBO stands for?
- management of business objectives
- management by objectives
- managing business operations
- none of these
Q23 | -------- is the process of selecting one best alternatives from different alternatives.
- planning
- organizing
- decision making
- forecasting
Q24 | -------- is the process of identifying and grouping of work to be performed
- organizing
- staffing
- division of labour
- planning
Q25 | Operational guides to action is known as
- policies
- procedures
- plan
- none of these