MCQ on Business ETHICS

Q.1. What is meant by the phrase CSR?

a) Corporate Social b) Company Social Responsibility
Responsibility
c) Corporate Society d) Company Society
Responsibility Responsibility

Q.2. What is meant by the phrase 'teleological ethics'?

a) Is used to judge is an action is right, fair and honest.
b) An action can only be judged by its consequences.
c) Developing the individual personal characteristics.
d) The key purpose of ethics is to increase freedom.

Q.3. What does Milton Friedman believe to be the sole responsibility of business?
a) The only social responsibility of business is to its shareholders.
b) Managers should act in ways that balance the interest of society and
shareholders.
c) The primary responsibility organizations have is to its employees.
d) The primary responsibility organizations have is to its stakeholders.

Q.4. Why, according to stakeholder theory, is it in companies' best interests to pay

attention to their stakeholders?
a) If firms only act in their own self-interest employees may feel exploited.
b) If firms only act in their own self-interest government might put more
regulation on them.
c) If firms only act in their own self-interest customers might not like the
image that the company portray.
d) If firms only act in their own self-interest and inflict harm on stakeholders
then society might withdraw its support.

Q.5. What is the enlightened self-interest model of CSR?

a) That it is in an organization's own best interest to put itself first rather than
its ethics.
b) That it is in an organization's best interest to consider what a shareholder
would want.
c) That it is in an organization's own best interest to act in an ethical way.
d) That it is in an organization's own best interest to follow the legislation
and abide by the law.
Q.6. What is green washing?
a) Transforming products to be more ethical.
b) Making a product appear more ethical that it really is.
c) Converting the company to green production methods.
d) Convincing customers to buy ethically.

Q.7. What is triple bottom line?

a) An accounting tool that looks at the impact on people, planet and profits.
b) A management strategy which states all the attention should be on profits.
c) An accounting tool that looks at cost, profit and loss.
d) A management strategy which focuses on corporate social responsibility.

Q.8. Why do alternative organizations run differently from conventional

shareholder led approach?
a) They do not have shareholders.
b) They are run in non-hierarchical ways which aim to provide a positive
impact on society rather than to make profit.
c) They priorities corporate social responsibility.
d) They aim to give money to charities and good causes.

Q.9. What does and Ethical Foundation for an organisation embody?

a) The structure, operational and conduct of the activities of the organization
b) The basic principles which govern the external and internal relations of
the organization
c) Neither of the above
d) All of these

Q.10.A ________ _________ sets out the purpose and general direction for the
organisation?

a) Mission statement b) Purpose statement

c) Vision d) Profit statement

Q.11.Which of the following would most effectively act as the primary objective of
a business organisation?
a) To make a profit
b) To procure resources
c) To communicate with shareholders
d) To mediate between the organisation and the environment
Q.12.Which of the following does the term Corporate Social Responsibility relate
to?
a) Ethical conduct b) Environmental practice
c) Community investment d) All of the above

Q.13.Who are organisational stakeholders?

a) Government b) c) Employees
d) Customers e) f) All of the above

Q.14.What is Ethics to do with?

a) The wider community b) Business
c) Right and wrong d) Nothing

Q.15.Which of the following is an example of an area where business ethics apply?

a) Conduct of international operations
b) Nowhere
c) In the personal life of staff
d) None of the above

Q.16.The four types of social responsibility include:

a) legal, philanthropic, economic, and ethical
b) ethical, moral, social, and economic
c) philanthropic, justice, economic, and ethical
d) legal, moral, ethical, and economic

Q.17.The ________ dimension of social responsibility refers to a business's

societal contribution of time, money, and other resources.
a) Ethical b) Philanthropic
c) Volunteerism d) Strategic

Q.18.A stakeholder orientation includes all of the following activities except:

a) generating data about stakeholder groups
b) assessing the firm's effects on stakeholder groups
c) distributing stakeholder information throughout the firm
d) minimizing the influence of stakeholder information on the firm
Q.19.Stakeholders are considered more important to an organization when:
a) they can make use of their power on the organization
b) they do not emphasize the urgency of their issues
c) their issues are not legitimate
d) they can express themselves articulately

Q.20. ________ is a problem, situation, or opportunity requiring an individual,

group, or organization to choose among several actions that must be
evaluated as right or wrong.
a) Crisis b) ethical issue
c) indictment d) fraud

Q.21.Which moral philosophy seeks the greatest good for the greatest number of
people?
a) Consequentialism b) Utilitarianism
c) Egoism d) Ethical formalism

Q.22.Better access to certain markets, differentiation of products, and the sale of

pollution-control technology are ways in which better environmental
performance can:
a) increase revenue b) increase costs
c) decrease revenue d) decrease costs

Q.23.Atmospheric issues include all of the following except:

a) acid rain b) global warming
c) air pollution d) water quantity

Q.24.To be successful, business ethics training programs need to:

a) focus on personal opinions of employees.
b) be limited to upper executives.
c) educate employees on formal ethical frameworks and models of ethical
decision making.
d) promote the use of emotions in making tough ethical decisions.

Q.25.Most companies begin the process of establishing organizational ethics

programs by developing:
a) ethics training programs.
b) codes of conduct.
c) ethics enforcement mechanisms.
d) hidden agendas.
Q.26.The ability to interpret and adapt successfully to different national,
organizational, and professional cultures is called:
a) national competitiveness. b) global development.
c) cultural intelligence. d) stakeholder sensitivity.

Q.27.Which of the following is a problem presented by ethics audits?

a) They may be used to reallocate resources.
b) They identify practices that need improvement.
c) Selecting auditors may be difficult.
d) They may pinpoint problems with stakeholder relationships.

Q.28.The first step in the auditing process should be to secure the commitment of:
a) employees. b) top executives and directors.
c) stockholders. d) customers.

Q.29.Codes of conduct and codes of ethics

a) are formal statements that describe what an organization expects of its
employees.
b) become necessary only after a company has been in legal trouble.
c) are designed for top executives and managers, not regular employees.
d) rarely become an effective component of the ethics and compliance
program.

Q.30.An organisation's obligation to act to protect and improve society's welfare

as well as its own interests is referred to as
a) organisational social responsibility
b) organisational social responsiveness
c) corporate obligation
d) business ethics

Q.31. External audit of the accounts of a limited company is required

a) because it is demanded by the company’s bankers
b) by the Companies Act 2013
c) at the discretion of the shareholders
d) to detect fraud
Q.32. Directors’ responsibilities are unlikely to include.
a) a fiduciary duty
b) a duty to keep proper accounting records
c) a duty to propose high dividends for shareholders
d) a duty of care

Q.33. A company may become insolvent if it

a) has negative working capital
b) cannot meet its budgeted level of profit
c) makes a loss
d) cannot pay creditors in full after realisation of its assets

Q.34. Fraudulent trading may be

a) a civil offence committed by any employee
b) a criminal offence committed only by directors of a limited company
c) a civil and a criminal offence committed only by directors of a limited
company
d) a civil and a criminal offence committed by any employee

Q.35. Which of the following actions will not help directors to protect themselves
from non-compliance with their obligations and responsibilities?
a) keeping themselves fully informed about company affairs
b) ensuring that regular management accounts are prepared by the
company
c) seeking professional help
d) including a disclaimer clause in their service contracts

Q.36. The view that sees profit maximization as the main objective is known as:
a) Shareholder theory b) Principal-agent
problem
c) Stakeholder theory d) Corporation theory

Q.37. Where an organization takes into account the effect its strategic decisions
have on society, this is known as:
a) Corporate governance
b) Business policy
c) Business ethics
d) Corporate social responsibility
Q.38. A _____________ is a formal statement of an organization primary values
and the ethical rules it expects its employees to follow
a) mission statement b) statement of purpose
c) code of ethics d) vision statement

Q.39. Which of these is a factor that affects ethical and unethical behaviour?

a) Ethical dilemma b) Diversity

c) Teamwork d) Open communication

Q.40. The term ___________ refers to principles, values and beliefs that define
right and wrong behaviour

a. Ethics
b. Values
c. Morals
d. CSR

Q.41. ____________ are those individuals who raise ethical concerns or issues
to others inside or outside the organisation.

a. Entrepreneur
b. Whistle blowers
c. Social entrepreneur
d. Social impact management

Q.42. CSR is mandatory under which section of the Companies Act 2013.
a. 135
b. 49
c. 2A
d. 245

Q.43. Philanthropy is derived from which Greek word

a. Philantry
b. Philosophy
c. Philanthropos
d. Physiology
 Q.44. Triple Bottom Line consist of
a. Profit, Production , People,
b. People, Planet, Profit
c. Period, People , Planet
d. Production, Profit, People

Q.45. J.R.P. Daza developed which model

a. Ripple Effect model
b. Analytical model
c. Reference model
d. Pearl model

Q.46. CSR 2.0 Model was developed by:

a. G.K. Kanji and P.K Chopra
b. C Marsden and J. Andiof
c. Wayne Visser
d. C.H. Chen

Q.47. Which of the below is not a general models of CSR

a. Stakeholder Model
b. Ethical Model
c. Statist Model
d. Company Model

Q.48. Which of the following are Category under FICCI Corporate Social
Responsibility Award.

a. Women Empowerment
b. Environment Sustainability
c. Health, Water and Sanitation
d. Marketing Excellence

Q.49. What percentage of average net profits shall be spent on CSR as per
provisions of the Companies Act 2013.
a. 3%
b. 2%
c. 1.5%
d. 3%
Q.50. Which of these activities are listed in Schedule VII of Companies Act 2013

a. Promotion of Education
b. Rural Development Projects
c. Eradicating extreme hunger and poverty
d: Production of resources

Q.51. NGO stands for

a. National Government Organisation.

b. Non-governmental Organisation
c. National governmental Officer
d. Non-governmental Official

Q.52. Which of the following standards are not internationally recognised CSR
Standards.

a. ISO 14000
b. SA 8000
c. AA 1000
d. AGMARK

Q.53. How many principals for social responsibility are laid in UN Global
Compact

a: 5
b. 10
c.7
d. 18

Q.54. Which award is an initative of NGOBOX

a. CSR Impact
b. Global CSR
c. FICCI-CSR
d. Golden Peacock
Q.55. Rules & Norms for interacting with others on internet is called

a. Nanotech
b. Plagiarism
c. Code
d. Netiquettes

Q.56. Study of ethical issues arising out of the case & development of electronic
technologies is known as

a. Marketing Ethics
b. HRM Ethics
c. IT Ethics
d. Sales Ethics

Q.57. Which of the below term places emphasis on meeting the needs of the
present and future generations

a. Education
b. Sustainable Development
c. Healthy Living
d. Physiological Development

Q.58. Act of copying another persons ideas , words or work and pretending as if
they are tour own is known as

a. Plagiarism
b. Duplication
c. Editing
d. Rewriting

Q.59. Gandhian principle concerning wealth and wealth creation was based on

a. Trusteeship
b. Fellowship
c. Capitalism
d. Socialism
 Q.60. The reduction of employees through VRS and CRS schemes is called

a. Outsourcing
b. Reducing
c. Downsizing
d. Layoff

Q.61. The tool used by management to track various data pertaining to an

organisation is known as

a. BIS
b.CRM
c. MIS
d. CSR

Q.62. The bundle of rights given by law to the creators of musical and artistic
works is called

a. GIS
b. Trademark
c. Copyright
d. Patent

Q.63. In which Country was the Ethical Trading Initative initiated Ethical Trading
Initative initiated in 1998
a. England
b. France
c. China
d. USA

Q.64. Chairman of audit committee is an _____________ Director

a. Executive
b. Independent
c. Nominee
d. Representative
 Q.65. What enlists principle of responsible investment
a. SA 8000
b. PRI
c. OHSAS
d. GRI

Q.66. Netwoth of companies undertaking CSR as per Companies Act 2013

should be

a. 500 crore
b. 50 crore
c. 5 Crore
d. 5000 crore

Q.67. Which legislation in India mandates compulsory undertaking of CSR

activities by prescribed companies

a. Companies Act 1956

b. Companies Act 2013
c. Prevention of Water Pollution Act
d. Environment Protection Act

Q.68. Which legislation in India mandates compulsory undertaking of CSR

activities by prescribed companies

a. Companies Act 1956

b. Companies Act 2013
c. Prevention of Water Pollution Act
d. Environment Protection Act

Q.69. ISO 14000 standard deals with

a. Production Management
b. Environmental Management
c. Ethics Management
d. Total Quality Management
Q. 70. Dow Jones Sustainability Indices

a. Companies forming part of BSE Sensex

b. Companies forming part of MCX
c. Companies forming part of NSE Nifty 50
d.Companies in terms of economic, environmental and social criteria.

Q. 71. CSR is positively correlated with revenue and profit because:

a. Consumers do not respond positively to links between the organization and

ethical and environmentally acceptable outcomes
b. Consumers respond positively to links between the organization and ethical and
environmentally acceptable outcomes
c. Being ethical costs money
d. An increase in demand will reduce revenue and profitability

Q. 72. Themes which emphasise the existence of universal principles to be

followed because of their intrinsic 'rightness' are called:

a. Ethical learning and growth

b. Deontological ethics
c. Virtue ethics
d. Teleological ethics

Q 73. Themes which see institutions as necessary to achieve desirable ethical

outcomes are called:

a. Deontological ethics
b. Ethical learning and growth
c. Virtue ethics
d. Teleological ethics

Q 74. A set of rules or instructions which identify specific and detailed actions that
must be undertaken or avoided is called a:

a. Code of conduct
b. Auditor's report
c. Mission statement
d. Chairman's report
Q 75. Which of the following word refers to 'doing business with your
grandchildren's interests at heart'?

a. Responsibility b. Sustainability
c. Agility d. Integrity

Q 76. Which of the below is not social responsibility of business towards the
owners of business includes

a. Maximum ROI. b. Report about progress.

c. Report of Profit. d. Negative Networth

Q 78. Which of these is not an ethical issue in Marketing.

a. Unhealthy Competition b. Surrogate Advertising

c. Use of Children in Advertising d. Brand Building

Q 79. Which of the below is not an ethical issue related to Information Technology

a. Invasion of Privacy b. Data Theft

c. Workplace Monitoring d. Use of Computers

Q 80. Carbon monoxide emitted by automobile directly contributes to

(a) Water pollution (b) Noise pollution
(c) Land pollution (d) Air Pollution

Q 81. That an enterprise must behave as a good citizen is an example of its

responsibility towards
(a) Owners (b) Workers
(c) Consumers (d) Community

Q 82. The primary stakeholders of a business are:

a. Customers. b. Suppliers.
c. Shareholders. d. Creditors.
Q83. The goal of corporate governance and business ethics education is to:

a. Teach students their professional accountability and to uphold their personal

Integrity to society.
b. Change the way in which ethics is taught to students.
c. Create more ethics standards by which corporate professionals must operate.
d. Increase the workload for accounting students

Q84. The internal audit function is least effective when the department:

a. Is non-independent.
b. Is competent.
c. Is objective.
d. Exhibits integrity

Q85. Under the _____________, both internal and external corporate governance
mechanisms are intended to induce managerial actions that maximize profit and
shareholder value.

a. Shareholder theory.
b. Agency theory.
c. Stakeholder theory.
d. Corporate governance theory

Q86.One of the objectives of the Sarbanes-Oxley Act was to:

a. Increase the cost of compliance with federal regulations.

b. Force foreign companies to delist from U.S. capital market exchanges.
c. Improve the quality and transparency of financial reporting.
d. Increase the compliance burden for small companies.

Q87. An organization’s appropriate tone at the top promoting ethical conduct is an

example of:

a. Ethics sensitivity.
b. Ethics incentives.
c. Ethical behavior.
d. Consequentialist.
Q88. An independent director is one who:

a. Did not attend a school supported by the company.

b. Does not have outside relationships with other directors.
c. Does not have any other relationships with the company other than his or her
directorship.
d. Is closely associated with company in day to day business activities

Q 89. The environmental analysis includes

a. Political conditions
b.Social factors
c.Economic conditions
d. All of the above

Q 90. If you believe in making decisions for the good of most people, you can be
described as following which school of thought?

a. utilitarianism
b. teleology
c. deontology
d. egoism

Q 91. Values and ethics shape the-

(a) Corporate unity (b) Corporate discipline

(c) Corporate culture (d) Corporate differences

Q 92. The moral principles, standards of behaviour, or set of values that guide a
person’s actions in the workplace is called

(a) Office place ethics (b) factory place ethics

(c) behavioural ethics (d) work place ethics

Q 93. Which of the following factors encourage good ethics in the workplace?
(a) Transparency (b) fair treatment to the employees of all levels
(c) both (a) and (b) (d) bribe
Q 94. Which of the following are ethical issues in financial markets-?

(a) Churning (b) Illegal dividend payment

(c) creative accounting (d) none of these

Q 95. The trading of a public company’s stock or other securities like bonds or
stock options by individual with possession of material, non-public information
about the security is called-

(a) Insider trading (b) online trading

(c) offline trading (d) direct trading

Q96. Which of the following methods are used in creative accounting?

(a) Off balance sheet financing

(b) Abuses of accounting concepts and conventions
(c) Manipulating assets and liabilities
(d) Over and under valuation of inventories

Q 97. The process by which accountants use their knowledge of accounting rules
to manipulate the figures reported in the accounts of a business in known as-

(a) Financial accounting (b) creative accounting

(c) cost accounting (d) fair value accounting

Q 98. An organisation's obligation to act to protect and improve society's welfare

as well as its own interests is referred to as

a. organisational social responsibility

b. organisational social responsiveness
c. corporate obligation
d. business ethics

Q 99: Corporate contributions for charitable and social responsibility purposes is

called

a. corporate philanthropy b. corporate charities

c. corporate donations d. corporate discretionaries
Q 100. : Business ethics deals primarily with

a. social responsibility b. the pricing of products and services

c. moral obligation d. being unfair to the competition

Q101. Which of these is a factor that affects ethical and unethical behaviour?

a. Ethical dilemma
b. Diversity
c. Teamwork
d. Open communication

Q 102 The term ___________ refers to principles, values and beliefs that define
right and wrong behaviour.

a. Customer satisfaction
b. Empowerment
c. Innovation
d. Ethics

Q 103. A ________ _________ sets out the purpose and general direction for the
organisation?

A. Vision statement B. Purpose statement

C. Mission statement D. Profit statement

Q 104 . Which of the following would most effectively act as the primary objective
of a business organization?

A. To communicate with shareholders.

B. To make a profit.
C. To mediate between the organization and the environment.
D. All of the above.

Q 105. What is the purpose of a balanced scorecard?

A. To relate business performance to financial measures.
B. To measure contribution of people to business growth.
C. To relate business performance to customer satisfaction.
D. To combine a range of qualitative and quantitative indicators of performance.
Q106. To which of the following does Corporate Social Responsibility relate to?

A. Environmental practice.
B. Ethical conduct.
C. Human rights and employee relations.
D. All of the above.

Q 107. Who are organisational stakeholders?

A. Employees
B. Government
C. Customers
D. All of the above.

Q 108. What is Ethics to do with?

A. The wider community.

B. Right and wrong.
C. Business!
D. None of the above.

Q 109. Which is the element of business ethics?

A. discipline.
B. It is an art & science both.
C. Good intention.
D. All of the above.

Q 110. Which of the following statements about CSR is untrue?

A. It has a strong impact on corporate reporting practices,investment strategies,

SCM & public relations.
B. It is about striking balance between economic performance , meeting
stakeholders expectations & responsibility towards society.
C. It is about recognizing that no organisation is an island & must operate in
partnership with the outside world.
D. Its main concern is about maintaining a competitive edge in global market
Q 111. Which is the principle of corporate responsibility?
A. Trusteeship principle
B. Principle of stewardship
C. Principle of charity
D. All of the above

Q 112. Which is the element of social responsibility?

A. Universal concept.
B. Supremancy of public interest.
C. It is related to business organization.
D. All of the above

Q 113. Which one of the following is not principle of business ethics?

A. Principle of universality.
B. Principle of humanity.
C. Principle of autonomy.
D. Principle of dissatisfaction.

Q 114. Business ethics is a dynamic philosophy of ---- economic adjustment whose

field is widening day-by-day
A. Socio
B. Political
C. Historical
D. Traditional

Q 115. The social responsibility of business towards the owners of business

includes
A. Maximum ROI.
B. Report about progress.
C. Report of Profit.
D. All of the above.

Q 116. CSR that extends beyond legal mandates can help meet social expectations
in the absence of:

A. Statutory devices.
B. Social tool
C. Cost tool & technique
D. Science tool
Q 117. The relationship between standards of CSR & potential legal requirements
governing corporate operation lies at the heart of the

A. The business community.

B. Unattaniable
C. Formulation
D. The social activity.

Q 118. The argument for CSR involves

A. Recognition of moral obligations by business.

B. Need to balance power with responsibility.
C. Voluntary actions would prevent government regulations.
D. All of the above

Q 119. The spending on CSR activity is mandatory in India for following

organisations:

A. 3% spending for above 5 cr profit organisations.

B. 2% spending for above 5 cr profit organisations.
C. 1% spending for above 5 cr profit organizations.
D. Some spending on above 5cr profit organizations

Q 120. Which of the following are the strengths of teleological ethical theories?

A. They fit with much of our ordinary moral reasoning.

B. They focus on the nature of actions and the rules from which they follow
C. They ignore the consequences of actions.
D. None of these.

Q 121. Which of the following are the strengths of deontological ethical theories?

A. They fit with very little of our ordinary moral reasoning.

B. They focus on the nature of actions and the rules from which they follow
C. They pay close attention to the consequences of actions.
D. None of these.
Q 121. Utilitarianism is an example of which of the following ethical theories?

A. Egoism
B. Intuitionism
C. Deontological
D. Teleological

Q 122. Rights that are recognized and enforced as part of a legal system are, strictly
speaking,:

A. Moral rights.
B. Legal rights.
C. Both moral and legal rights.
D. Neither moral nor legal rights.

Q 123. Morality means

A) What is considered as correct within a society

B) Making the right decisions when there is a chance to do wrong
C) Defining what is right and wrong for an individual or a community
D) Where individuals have a conscious choice to make a right and ethical decision

Q 124. What is business ethics?

A) The study of business situations, activities, and decisions where issues of right
and wrong are addressed
B) Defined as decisions that organizations make on issues that could be
considered right or wrong
C) Ethics that can be applied to an organisation’s practises
D) Ethical processes businesses use in order to achieve a good ethical standard

Q 125. Various Customs, traditions and habits developed over a period of time are
called

a. Values
b. ethics
c. Ethos
d. Pathos
Q 126. Good Advertising refers to __________ advertising

a. Honest
b. Convenient
c. Surrogate
d. Influencers

Q 127. Philanthrophy comes from the Greek word.

a. Philanthropos
b. Philosophy
c. Philanthry
d. Philosophy

Q 128. Which of the following is not part of ISO 14000 Series

a. ISO 14001
b. ISO 14004
c. ISO 14064
d. ISO 10001

Q 129. Social Accountability International developed which standard

a. ISO 14001 b. SA 8000

c. ISI d. AGMARk

Q130. AA 1000 was introduced by

a. AccountAbility Organisation
b. Social Accountability International
c. United Nation
d. India Standard organisation.

Q 131. UN Global Compact does not cover which of the below areas

a. Human Rights
b. Anti Corruption
c. International Trade
d. Human RIghts
Q 131. People Plant Profit is a covered under which of the below concept

a. Human Development Index

b. Triple Bottom Line
c. Environmental Management
d. Social Development Index

Q.132. Applying social criteria to an investment decision refers to

________________.

a) socioeconomic view b) social responsiveness

c) social responsibility d) social screening

Q.133. _____________ is a document that outlines principles for doing business

globally in the areas of human rights, labor, the environment, and
anticorruption.

a) A code of ethics
b) The Global Compact
c) The Foreign Corrupt Practices Act
d) Global Ethics

Q 134. Social responsiveness refers to the capacity of a firm to adapt to changing

_________________.

a) societal conditions b) organizational conditions

c) societal leaders d) organizational managers

Q.135. Under the concept of social obligation, the organization ________________.

a) does what it can to meet the law, and a little bit more for stakeholders
b) fulfills its obligation to the stakeholders, which makes it fulfill the law,
too
c) does the minimum required by law
d) fulfills its obligation to the law and its stakeholders
Q.136. The _________ approach to formal corporate ethics initiatives focuses on
meeting required behavior norms or obeying the letter of the law
a) Rules b) Compliance
c) Principles d) Values

Q.137. The __________ approach to formal corporate ethics initiatives is proactive

and inspirational.

a) Rules b) Compliance
c) Principles d) Values

Q.138. Periodic ethics audits

a) Are required by the Indian stock exchange
b) A method of fostering ethics
c) A method of quantitative assessment
d) Always use external consultants

Q 139. PEST analysis does not cover

A) Political
B) Social
C) Technological
D) Medical

Q 140. Which of the below is not a Human Resource ethics issue

a. Employment of Children
b. Improper Working condition
c. Fexi Working Hours
d. Exploitation of women in work places

Q 141. Corporate governance structure

a) varies a great deal across countries.

b) has become homogenized following the integration of capital markets.
c) has become homogenized due to cross-listing of shares of many public
corporations.
d) none of the above
Q 142. The term 'asymmetry of information' means information in a corporation is:

a) Transferable to all stakeholders

b) Not transferable to all stakeholders
c) Not equally transparent to all stakeholders
d) Equally transparent to all stakeholders

Q.143 . An organization that is owned by shareholders but managed by agents on

their behalf is conventionally known as the modern:

a) Conglomerate b) Corporation
c) Company d) Firm

Q.144. The modern corporation has four characteristics. These are limited liability,
legal personality, centralized management and:

a) Fiduciary duty b) Stakeholders

c) Shareholders d) Transferability

Q.145 Fraudulent trading may be

a) a civil offence committed by any employee

b) a criminal offence committed only by directors of a limited company
c) a civil and a criminal offence committed only by directors of a limited company
d) a civil and a criminal offence committed by any employee

Q.146. A company may become insolvent if it

a) has negative working capital

b) cannot meet its budgeted level of profit
c) makes a loss
d) cannot pay creditors in full after realisation of its assets

Q 147. Which BEST defines the principle value?

A. Foundation upon which other values and measures integrity are based
B. Foundation relative to the values and attitudes of a society
C. Foundation encompassing the values and ethics concerns of humanism
D. Foundation of integrity, accountability and humanism
Q 148. If a person’s personal conduct is evaluated and judged in comparison to the
norms of society, there is a judgement of:

A.Professional behaviour
B. Moral behaviour
C. Ethical behaviour
D. None of the above

Q 149. All of the following describes professional attitudes and behaviours except:

A. Altruism
B. Humanism
C. Responsibility
D. Religious

Q 150. Which stage of development of a professional is described below:

Experienced in employing and expanding and renew the cognitive process with
new attainment.

A. Preprofessionals
B. Appliers
C. Analysts
D. Integrator