Fundamentals Of Ethics Set 14 MCQs

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

Q2 | ______________ is about obeying and adhering to rule and authority.

Ethics

Code

Conduct

Compliance

Q3 | Which of the following is an unethical business practice?

Collusion

False Communication

Insider Trading

All of the above

Q4 | Administrative corruption includes ‘gifts’ to the ___________

factory inspector

boiler inspector

pollution control board inspectors

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

Q6 | Business ethics has a ____________ application.

universal

natural

practical

none of the above

Q7 | ____________ are beliefs about what is right and wrong or good or bad.

morals

motivators

cultures

ethics

Q8 | Business Ethics is _____________ in nature.

absolute

not absolute

permanent

none of the above

Q9 | The relevance of ethics is in its

Context

Principles

Application

Understanding

Q10 | Business malpractice does not include

Black marketing

Adulteration

Advertising

Duplication

Q11 | Ethics refers to a ________ that guides an individual while dealing with others.

code

conduct

code of conduct

rules 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

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

Q14 | Compliance is about obeying and adhering to _______________.

rules an authority

discipline

laws

All of the above

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

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.

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.

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.

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.

Q20 | Following is not a professional characteristic:

Competition (Undercutting)

Competency

Character

Compensation

Q21 | Ethics has become important because of

Globalization

Communication explosion

Both (A) and (B)

None of the above

Q22 | Corporate codes of ethics

are always externally audited.

create guidelines for employees to work by.

are always compliance bas

Q23 | Ethical and unethical behaviours are determined by

the individual.

the culture.

both the individual and the culture.

neither the individual nor 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.

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