Fundamentals Of Ethics Set 14

Bachelor of Arts in Philosophy (BA Philosophy),

Cost Accounting

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This set of Fundamentals of Ethics Multiple Choice Questions & Answers (MCQs) focuses on Fundamentals Of Ethics Set 14

Q1 | Ethics is a set of _________ of human conduct that govern the behavior of individuals ororganization.
  • principles
  • standards
  • principles or standards
  • None of the above
Answer: principles or standards
Q2 | ______________ is about obeying and adhering to rule and authority.
  • Ethics
  • Code
  • Conduct
  • Compliance
Answer: Compliance
Q3 | Which of the following is an unethical business practice?
  • Collusion
  • False Communication
  • Insider Trading
  • All of the above
Answer: All of the above
Q4 | Administrative corruption includes ‘gifts’ to the ___________
  • factory inspector
  • boiler inspector
  • pollution control board inspectors
  • All of the above
Answer: All of the above
Q5 | Business ethics is based on well accepted ____________
  • moral and social values
  • social values only
  • moral values only
  • none of the above
Answer: moral and social values
Q6 | Business ethics has a ____________ application.
  • universal
  • natural
  • practical
  • none of the above
Answer: universal
Q7 | ____________ are beliefs about what is right and wrong or good or bad.
  • morals
  • motivators
  • cultures
  • ethics
Answer: ethics
Q8 | Business Ethics is _____________ in nature.
  • absolute
  • not absolute
  • permanent
  • none of the above
Answer: not absolute
Q9 | The relevance of ethics is in its
  • Context
  • Principles
  • Application
  • Understanding
Answer: Application
Q10 | Business malpractice does not include
  • Black marketing
  • Adulteration
  • Advertising
  • Duplication
Answer: Advertising
Q11 | Ethics refers to a ________ that guides an individual while dealing with others.
  • code
  • conduct
  • code of conduct
  • rules of conduct
Answer: code of conduct
Q12 | Ethics in compliance means
  • it is about obeying and adhering to rules and authority.
  • it deals with the moral principles behind the operation and regulation of marketing.
  • it deals with the duties of a company to ensure that pr oducts and production processes do not cause harm.
  • None of the above
Answer: it is about obeying and adhering to rules and authority.
Q13 | _________made it important for businesses to have an ethics code, something in writingabout what one ought to do, and what to strive for.
  • The Ethics & Code Conduct Act, 2000
  • The Sarbanes-Ethics of Code Conduct Act, 2001
  • The Sarbanes-Oxley Act, 2002
  • None of the above
Answer: The Sarbanes-Oxley Act, 2002
Q14 | Compliance is about obeying and adhering to _______________.
  • rules an authority
  • discipline
  • laws
  • All of the above
Answer: rules an authority
Q15 | An expert who is c onfidentially available to solve the e thical dilemmas is known as______________.
  • Ethic coach
  • Ethics trainer
  • Ethics guide
  • None of the above
Answer: Ethic coach
Q16 | Which of the following statements about business ethics is true?
  • It concerns the impact of a business activities on society.
  • It refers to principles and standards that determine acceptable behavior in the world of business.
  • It relates to an individual’s values and moral standards and the resulting business decisions he or she makes.
  • What is ethical is determined by the public, government regulators, interest groups, competitors and individual’s personal moral values.
Answer: It refers to principles and standards that determine acceptable behavior in the world of business.
Q17 | Top managers demonstrate commitment to ethical business practices with
  • the adoption of written codes of ethics.
  • employee empowerment.
  • decentralized decision making practices.
  • collusion with other companies.
Answer: the adoption of written codes of ethics.
Q18 | Feature that is NOT present in business ethics are—
  • It has universal application.
  • It is absolute in nature.
  • It depends from business to business.
  • It cannot be enforced by law.
Answer: It is absolute in nature.
Q19 | In setting ethical standards, perhaps the most effective step that a company can take is to
  • adopt a code of ethics.
  • demonstrate top management support of ethical standards.
  • engage employees in ethics training.
  • take an accommodative stance.
Answer: demonstrate top management support of ethical standards.
Q20 | Following is not a professional characteristic:
  • Competition (Undercutting)
  • Competency
  • Character
  • Compensation
Answer: Competition (Undercutting)
Q21 | Ethics has become important because of
  • Globalization
  • Communication explosion
  • Both (A) and (B)
  • None of the above
Answer: Both (A) and (B)
Q22 | Corporate codes of ethics
  • are always externally audited.
  • create guidelines for employees to work by.
  • are always compliance bas
Answer: create guidelines for employees to work by.
Q23 | Ethical and unethical behaviours are determined by
  • the individual.
  • the culture.
  • both the individual and the culture.
  • neither the individual nor the culture.
Answer: both the individual and the culture.
Q24 | The crucial step in understanding business ethics is
  • Establishing codes of ethics.
  • Learning to recognize ethical issues.
  • Having efficient operations.
  • Implementing a strategic plan.
Answer: Learning to recognize ethical issues.
Q25 | A set of principles and expectations that are considered binding on any person who ismember of a particular group is known as
  • Code of ethics
  • Values
  • Ethics
  • None of the above
Answer: Code of ethics
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