Business Ethics And Corporate Social Responsibility Becsr Set 4 MCQs

Q1 | Which statement represents a challenge to Evan's and Freedman's defense of the stockholder theory against the classical model of corporate social responsibility?

The law now recognizes a wide range of managerial obligations to such stakeholders as consumers, employees, competitors, the environment, the disabled.

Courts and legislatures have recognized that the rights and interests of various constituencies affected by corporate decisions limit managers' fiduciary responsibility.

Stakeholder theory cannot ANSWER the question as to how, exactly, a manager should go about balancing the diverse and competing claims of all parties.

There is no guarantee that when managers produce profits they will serve the interests of either stockholders or the public.

Q2 | Which of the following statements is decisive in determining whether or not to study business ethics?

Business managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers.

Business and ethics simply don’t mix. In the final analysis, self-interest represented by profit overrides the interests of employees, customers, and communities. Opinion and sentiment get in the way of efficient business decision-making.

Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that decisions of right and wrong may be made deliberately. and conscientiously

The

Q3 | Identify the statement that is consistent with utilitarian ethical theory:

Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences.

No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.

Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them.

The end never justifies the me

Q4 | Which statements are legitimate challenges to utilitarian ethical theory?

The end may justify the means.

There is no consensus among utilitarians on how to measure and determine the overall good.

It is difficult for the utilitarian to find a balance between individual freedom and the overall goo

The more utilitari

Q5 | Which of the following statements best describes ethics?

Ethics considers how someone chooses among alternative courses of action.

Ethics is about values and principles.

Ethics is concerned with how a person chooses between right and wrong.

Each of the above covers part of the definition.

Q6 | Which one of the following is not a feature of moral standard?

Prohibit

Value

Condemn

All the above

Q7 | The main purpose of business ethics is to understand

Ethical uncertainties

Principles and concepts

Application of practices

All of the above

Q8 | Ethical universalism is defined as

there being no universal set of ethical standards

giving preference to one's own ethical values

a set of universally accepted and valid ethical standards

what is right is synonymous with what is legal

Q9 | The primary stakeholders are:

Customers.

Suppliers.

Shareholders.

Creditors.

Q10 | 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.

Q11 | An organization’s appropriate tone at the top promoting ethical conduct is an example of:

Ethics sensitivity.

Ethics incentives.

Ethical behavior.

Consequentialist

Q12 | An independent director is one who:

Did not attend a school supported by the company.

Does not have outside relationships with other directors.

Does not have any other relationships with the company other than his or her directorship.

All of the above.

Q13 | Business ethics deals primarily with

Social responsibility.

the pricing of products and services.

moral obligation.

being unfair to the competition

Q14 | Ethics are important because

suppliers prefer to deal with ethical companies.

customers prefer to deal with ethical companies.

employees prefer to deal with ethical companies.

all of the choices.

Q15 | Benefits derived from social responsibility include;

enhanced organizational efficiency

producing better products

attracting people who want to work for the firm

both A & C

Q16 | Unethical behavior is often triggered by

pressure from higher management to achieve goals.

an organizational atmosphere that condones such behavior.

both a & b

a system of checks and balances

Q17 | Building a sustainable environment includes

developing a green supply chain

omitting hazardous emissions

both a & b

writing a code of ethics

Q18 | Which statement correctly reflects the free market view of business social responsibility?

In addition to making a profit, businesses are just as responsible for seeing to the well-being of their employees and the communities in which they operate

No one other than the managers and owners of a business may claim to have any stake in the business decisions managers make.

In the process of providing goods and services to customer who need and want them and maximizing profits for its shareowners, a business fulfills its social responsibility

A business is responsible for maximizing profits for its shareowners, but, in special circumstances, may have to sacrifice profits in the interest of the community whose citizens depend on it for employment.

Q19 | Which statement correctly describes the relationship between philosophical ethics and ethos?

Individuals who obey the conventions, mores, and rules of their cultures are already acting ethically. No further philosophical reflection is required.

Philosophical ethics distinguishes what people do value from what they should value.

What people do value and should value are, for all practical purposes, the same.

Philosophical ethics is too abstract to be useful in everyday life situations. Following the mores and customs of one’s culture is a more dependable way to make moral decisions.

Q20 | Which statement does not reflect the idea of ethical relativism:

All opinions are equal; no one can say what is ethically right or wrong.

One's culture, society, or personal feelings are the only criteria for deciding what is ethically right or wrong.

Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion.

Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Q21 | Which of the following intellectual disciplines provides absolute proof of its conclusions?

The social, biological, meteorological, and medical sciences.

Ethical judgments based on well-reasoned arguments from sound moral principles.

The applied sides of engineering, chemistry, and physics.

None of the above.

Q22 | Which statement is a correct view of psychological egoism?

While our own interests are important, they make sometimes have to give way to the interests of others.

Psychological egoism makes claims about how people should act.

If psychological egoism is true, we should abandon ethics.

Psychological egoism does not claim to provide an accurate descriptive account of human behavior.

Q23 | Which of the following reasons accounts for utilitarianism's dominance among policy makers and administrators?

It seems obvious that policy questions should be judged by results and consequences.

Policy experts at all levels are focused on results and getting things done.

Efficiency is simply another word for maximizing happiness.

All of the above.

Q24 | 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.

Q25 | Which of the following statements is true

In small quantities, stress is good

Too much stress is harmful

All stress is bad

Only ‘A’ & ‘B’ are right