mgt610 Paper 1

Paper # 1
Quiz Start Time: 08:52 PM Time Left 87

sec(s)
Question # 1 of 20 ( Start time: 08:52:08 PM ) Total Marks: 1

Which of the following economic principle is first posted by Adam Smith to describe that
the greatest benefit to a society is brought about by individuals in the pursuit of their own
self-interest?
Select correct option:
Free trade
Economic freedom
Positive sum game
Invisible hand
Haya g
MC090205909 : Sidra Ashraf

sec(s)

Who argued in response to the free market and utility by Adam Smith that government
should intervene because there is a mismatch between the aggregate supply and demand?
John Hicks
Maynard Keynes
Herbert Spencer
Charles Darwin
Paper # 1
Quiz Start Time: 08:52 PM Haya g Time Left 83

sec(s)

Study of ethics lies under_________?
Case Study
Normative Study
Descriptive Study
Philosophical Study

sec(s)

How many sources of income Capitalist systems offers?
4
3
2
5
Paper # 1
www.vustudents.ning.com

sec(s)

Which of the following is TRUE regarding moral reasoning and its evaluation?
Moral reasoning does not involve factual or descriptive judgments

Ordinary logical standards of validity do not apply to moral reasoning
Special logical standards of validity do not apply to moral reasoning
Moral reasoning involves normative or value judgments

sec(s)

The Theory of Absolute Advantage was proposed by Adam Smith in?
1976
1876
1776
None of the above
Paper # 1

sec(s)

Modern corporations consist of?
Stockholders
Directors and employees
Government agencies
Both a & b

sec(s)

John Locke proposed which concept?
Restricted market and justice

Free market and justice
Restricted market and rights
Free market and rights
Paper # 1
Quiz Start Time: 08:52 PM www.vustudents.ning.com

Time Left 86
sec(s)

Which one of the following factors may become a reason of revising the moral standard
at maturity?
Experience
Learning
Intellectual development
All of the above

sec(s)

An acquired disposition that is a valuable part of a morally good person, exhibited in the
person's habitual behavior is known as?
Moral responsibility
Moral ethics
Moral virtue
None of the above
Paper # 1

sec(s)

When does the ignorance not excuse the wrongful injury?
Ignorance of fact
If a person is ignorant
The person did not act knowingly
One deliberately keeps oneself ignorant

sec(s)

Principles of reversibility and Universalizability proposed by?
John Rawls
Kantian
Carl Max
None of the above
Paper # 1

sec(s)

Studies indicate that which economic system has more advantages among all the
systems?
Open Economy
Closed Economy
Mixed Economy
None of the above

sec(s)

Right action comes to be defined in terms of moral principles chosen because of their
logical comprehensiveness,universality, and consistency is known as?
Interpersonal Concordance Orientation

Universal Ethical Principles Orientation
Social Contract Orientation
Law and Order Orientation
Paper # 1

sec(s)

Which of the following regulates production and exchange in a free market, according to
Adam Smith?
Supply and demand
Supply and command
Demand only
Supply only
Quiz Start Time: 08:52 PM

Time Left
86

Who proposed the concept of free market and utility?
John Locke
Paper # 1
Alasdair MacIntyre
John Rawls
Adam Smith

Time Left 87
sec(s)

The aim of the moral life is to develop the dispositions that we call virtues, and to
exercise them as well is referred to as?
Ethics theory
Relationship theory
Virtue theory
None of the above

Time Left 86
sec(s)

Through utilitarianism offers a clear-cut method of calculating morality. What are the
number of problems identified in this method?
5
4
3
2
MC090202991 : Syed Shajait Ali Bukhari

Paper # 1

Time Left 88
sec(s)
Who proposed the concept of free market and utility?
John Locke
Alasdair MacIntyre
John Rawls
Adam Smith

Time Left 83
sec(s)
Which one of the following is not the basis of an important critical method in ethics?
Counter examples
Hypothetical examples
Literature examples
Both a & b

Time Left 85
sec(s)
Study which doest not try to reach any conclusions is called_________.
Pilot Study
Case Study
Normative Study
Descriptive Study

Paper # 1

Time Left 84
sec(s)
Arthur Andersen was associated with?
Enron
General Motors
Dell Computers
Wal-Mart

Time Left 81
sec(s)
Which philosopher of utilitarianism presents the cost-benefit analysis?
Aristotle
Mill
Kant
Bentham

Time Left 84
sec(s)
Corporate actions do depend on?
Corprate members
Legal persons
Human individuals
None of the above

Paper # 1

Time Left 88
sec(s)
Which one of the following does not have any contribution towards moral development?
Gilligan
Kohlberg
Henry Fayol
None of the above

Time Left 83
sec(s)
According to Aristotle’s view, how do we learn virtue?
By habit
By dialectical argument
By rational instruction
By learning from our mistakes

Time Left 86
sec(s)
How many assumptions Ricardo proposed?
2
3
4
None of the above

Time Left 80
Paper # 1
sec(s)
Equality of income and equality of opportunity is refers to:
Equality
Political equality
Economic equality
Human equality

Time Left 83
sec(s)
Survival of the best is school of thought known as?
Social equity
Social Darwinism
Social Justice
None of the above

Time Left 79
sec(s)
John Maynard Keynes arguments were the most influential in economics, when they
become less convincing?
1970
1980
1960
1990

Time Left 86
sec(s)
Paper # 1
Which one of the following is not considered as category of issues involving justice?
Distributive justice
Retributive justice
Compulsory justice
Compensatory justice

Time Left 83
sec(s)
Studies indicate that which economic system has more advantages among all the
systems?
Open Economy
Closed Economy
Mixed Economy
None of the above

Time Left 85
sec(s)
Which of the following deals with the distribution of benefits and burdens, mostly in the
evaluation of social, political, and economic institutions?
Retributive justice
Compensatory justice
Distributive justice
Ethical justice

Time Left 80
sec(s)
Paper # 1

Which one of the following is not included as a part of moral standard?
Values
Social class
Beliefs
Norms

Time Left 88
sec(s)
Which of the following refers to the ability of a person or a country to produce a
particular good at a lower opportunity cost than another country?
Absolute advantage
Comparative advantage
Resource efficiency
Natural advantage

mgt610 Paper 1

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

mgt610 Paper 1

Uploaded by

Copyright:

Available Formats

Paper # 1

Quiz Start Time: 08:52 PM Time Left 87

Question # 1 of 20 ( Start time: 08:52:08 PM ) Total Marks: 1

Positive sum game

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 81

Question # 2 of 20 ( Start time: 08:52:49 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Haya g Time Left 83

Question # 3 of 20 ( Start time: 08:53:39 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 87

Question # 5 of 20 ( Start time: 08:57:27 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 89

Question # 6 of 20 ( Start time: 08:58:29 PM ) Total Marks: 1

Moral reasoning does not involve factual or descriptive judgments

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 85

Question # 7 of 20 ( Start time: 08:59:38 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 85

Question # 8 of 20 ( Start time: 08:59:57 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 86

Question # 9 of 20 ( Start time: 09:00:27 PM ) Total Marks: 1

Restricted market and justice

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM www.vustudents.ning.com

Question # 10 of 20 ( Start time: 09:01:21 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 89

Question # 11 of 20 ( Start time: 09:02:16 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 83

Question # 12 of 20 ( Start time: 09:03:10 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 87

Question # 13 of 20 ( Start time: 09:03:44 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 69

Question # 14 of 20 ( Start time: 09:04:52 PM ) Total Marks: 1

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 88

Question # 15 of 20 ( Start time: 09:05:45 PM ) Total Marks: 1

Interpersonal Concordance Orientation

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM Time Left 88

Question # 16 of 20 ( Start time: 09:07:03 PM ) Total Marks: 1

Supply and demand

Supply and command

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Question # 18 of 20 ( Start time: 09:14:31 PM ) Total Marks: 1

Select correct option:

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Question # 19 of 20 ( Start time: 09:15:02 PM ) Total Marks: 1

Select correct option:

MC090205909 : Sidra Ashraf

Quiz Start Time: 08:52 PM

Question # 20 of 20 ( Start time: 09:16:14 PM ) Total Marks: 1

Select correct option: