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 MATHUR SIR - 8777249775

ENTREPRENEURSHIP DEVELOPMENT AND BUSINESS ETHICS

PAPER: CC 4.1 CHG.
FULL MARKS : 80
2019-20
1. Which of the following is considered as scope of business ethics?
a) Ethics in compliance b) Ethics in finance
c) Ethics in marketing d) All of these

2. The business ethics is

a) Ethics of responsibility
b) Ethics of behaviour
c) Ethics of values
d) Ethics of beliefs

3. The concept ‘Tripple Bottom Line’ relates to the evaluation of

a) Social responsibility of company
b) Company administration
c) Ethics of company
d) Ethical behaviour of company

4. Personal loyalties, economic responsibilities, legal responsibilities these are the _________ of
business ethics.
a) Features b) Types
c) Principles d) Scope

5. The English word ‘Entrepreneur’ originates from

a) Latin word
b) Greek word
c) French word d) German word

6.Which one of the following is not considered as component of resource mobilisation?

a) Resource identification
b) Seeking out new resources
c) Disposal of wasted resources
d) Identification of resource provider

7. By which capital, a new entrepreneur can collect ‘Seed capital’?

a) Equity capital b) Venture capital
c) Angel investment d) Working capital

8. As per MSMED Act, 2006, investment in plant and machinery of more Rs.25 lakh but does not
exceed Rs.5 crore, is known as ____________
a) Medium enterprise b) Micro enterprise
c) Small enterprise d) Service enterprise
9. _____________ is a cooperative attitude of a number of people who are related to each other on
some basis.
a) Attitude b) Morale
c) Integrity d) Honour

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10. In ethical dilemma the toughest choices are right versus

a) Right b) Wrong
c) Unethical issues d) Irrelevant issue

11. Among the following which is accepted as workplace ethics?

a) Trustworthiness b) Integrity
c) Fairness d) All of these

12. ____________ is a process by which the people of the world are incorporated in to a single world
society.
a) Globalisation b) Democracy
c) Bureaucracy d) Ethics

13. From the available information the oldest family busies in the world is
a) Barone Ricasoli
b) Tata iron & Steel company
c) East India company
d) Kongo Gumi

14. Among the following which reason of conflict is very much important?
a) Roles & responsibilities of family members
b) Ownership
c) Accountability d) All of these

15. Among the following which is not considered as government stimulation of entrepreneurship?
a) Technological change & innovation
b) Reduction of tax
c) Opportunity to flourish full potential
d) Lowering the rate of interest

16. Among the following alternative select such person who is considered as Angel investor.
a) Rakesh Jhunjhunwala b) Sharad sharma
c) Sunil Kalra d) All of them

17. Among the following which is not recognised as type of layout with respect to entrepreneurship?
a) Programme layout b) Product layout
c) Process layout d) Combination layout

18. Among the following which one is the last step in control?
a) Taking corrective actions
b) Identifying causes of deviation
c) Measurement of performance
d) Establishment of standards

19. Knowledge, efficiency, experience of the employees are known as _________ resource.
a) Human b) Intellectual
c) Venture d) Physical

20. The English term ‘Ethics’ originates from

a) Greek b) Latin
c) French d) Hibru

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 MATHUR SIR - 8777249775

Group – B (2 x 10)
1. The concept of ‘Corporate social responsibility’ to the society comes under the purview of the
following:
a) Programme of company b) Ethics of company
c) Activities of company d) Philosophy of company

2. Among the following which one does not come under the purview of importance of business
ethics?
a) It is a discipline b) To gain customer’s confidence
c) Safeguarding consumer’s right d) Creating good images of business

3.Among the following which issues of business relates to business ethics?

a) In the context of decision making of any business
b) In the context of changes in the name of business
c) In the context of increase in production of business d) In the context of motivation

4. The process where a person informs on another or makes public disclosure of corruption or
wrongdoing is called:
a) Endeavour b) Whistle blowing c) Dilemma d) Veteran

5. Among the following which condition helps to create ethical dilemma?

a) At the time of decision making between right and right.
b) At the time of decision making between right and wrong.
c) At the time of decision making between right and nearly wrong issues.
d) At the time of taking decision among all wrong issues.

6. The business environment that originates from the interaction of different countries or human
being of different areas, is known as
a) Unethical culture b) Cross culture
c) Integrated culture d) Globalised culture

7. In which year Sarbanes-Oxley Act was introduced?

a) 1902 b) 1982 c) 1992 d) 2002

8. Corporate code of ethics is a

a) Formal document b) Unwritten document
c) Cultural document d) Social document

9. Among the following which one does not create any impact on business ethics on account of cross
culture?
a) Human resource management b) Marketing management
c) Accounting d) Auditing

10. (i) Narayan Murti Committee

(ii) Naresh Chandra Committee
(iii) J. J. Irani Committee
All the above committees are related to what kind of activities of a company?
a) Corporate governance b) Code of conduct of company
c) Legal mandate of company d) None of these

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11. Who was conferred Role model in India of 20th century by the Federation of Chamber of Indian
Chamber of Commerce and Industry (FICCI)?
a) Ratan Tata b) Dhirubhai Ambani
c) Sanjib Goenka d) Prince Dwarakanath Tagore

12.Among the following alternative which one does not qualify as importance of entrepreneurship?
a) Capital formation b) Creation of employment
c) Maintaining balance of regional development d) Creation of monopolistic market

13. The business which is formed by two or more persons and ___________ control lines in those
people, is known as family business.
a) Marketing b) Financial c) Tax related d) Production

14.Which of the following is not a characteristic of a marketing plan

a) It should be flexible b) It should be long and detailed
c) It should be based on facts and valid assumption d) It should provide strategy

15. Idea generation, preparation stage, incubation stage, illumination stage and verification are
connected with
a) Control process b) Management process
c) Process of behaviour d) Creative process

16. What will be the minimum and maximum amount if investment in machinery in case of a
medium size of service enterprise?
a) Rs.10 lakh and Rs.2 crore b) Rs. 2 crore and Rs.5 crore
c) Rs.10 lakh and Rs.1 crore d) Rs.2 crore and Rs.6 crore

17. Which of the following is not a factor for selecting location of a business enterprise?
a) Availability of raw material b) Proximity to market
c) Profitability d) Easy availability of efficient labour force

18.Among the following which is not considered as internal source of finance in entrepreneurship?
a) Own fund b) Family fund
c) Angel investor d) Undistributed profit

19. How many persons are required to constitute village based self-help group?
a) 10 women b) 20 women
c) 10 to 20 women d) 10 to 15 women

20.Among the following which institution or organisation does not come under the purview of
incubator?
a) University b) Municipality
c) Government department d) Organisation involved in economic development

21. Which alternative you consider proper in respect of features of Angel investors?
a) They invest their own fund
b) They procure finance from the public to invest in venture
c) They give loan to any venture in easy term d) All of the above

22. Which content is mentioned at the first stage of project proposal?

a) Information relating to entrepreneur b) General information

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c) Description of goods d) None of these

23. Among the following which is the most important influencing factor of the advantages of
entrepreneurship?
a) It increases cost b) Helps in development of entrepreneurship
c) Ensures health and security of the employees of entrepreneurship d) Helps in marketing

24.Aong the following which one is not considered as fundamental problem of a start-up business?
a) Failure of business model b) Problem in getting good employee
c) Problem in getting Angel investor d) To combat the competitors

25. Fraudulent asset valuation, insider trading, securities fraud leading to manipulation of the
financial market and disproportionate executive compensation etc. are example of lapses in:
a) Product quality b) Legal compliance
c) Corporate governance d) Human resource management

26. (i) Justice vs. Mercy

(ii) Truth vs. Loyalty
(iii) Individual vs. Community
Among all the above issues which alternative of the of the following helps in the context of decision
making?
a) Right vs. Right b) Right vs. Wrong c) Wrong vs. Wrong d) Right vs. Mistake

27. (i) The organisation shows inflated of salary in comparisons with actual amount of salary in
comparison with actual amount of salary an employee gets.
(ii) Granting extra amount for conveyance to the preferred employees.
All the above unethical practices are connected with the department
a) Finance department b) Costing university
c) Accounting department d) Marketing department

28. If it is not possible to select qualified employee due to internal politics, it is known as
a) Unethical works b) Absence of values
c) Uncultural work d) Absence of human discipline

29. Under which type of values education and intellectual pursuits belong?
a) Instrumental values b) Terminal values c) Essential value d) Eternal values

30. Ethical values + _____________= Ethics

a) Knowledge b) Concept c) Behavior d) Desire

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 MATHUR SIR - 8777249775

ENTREPRENEURSHIP DEVELOPMENT AND BUSINESS ETHICS

PAPER: CC 4.1 CHG.
FULL MARKS : 80
2021
GROUP – A
Answer any five questions. 2x5
1. Strategic Positioning of ventures is an activity of the __________ phase of resource mobilisation.
(a) planning (b) implementation (c) evaluation (d) control.

2. Which of the following is the reason for conflicts in family owned business?
(a) Family Oriented Management
(b) Sibling Rivalry
(c) Informal approach towards decision making process
(d) Presence of informal relationship in workplace.

3. The ability of an individual, group or organization to generate new ideas, discover novel
approaches of looking at problems and opportunities and convert them into reality is reffered to as
__________.
(a) invention (b) innovation (c) creativity (d) entrepreneurship.

4. Innovation is defined as
(a) commercial application of the idea of a new product or process
(b) the invention of a new product or process
(c) a new product or process idea
(d) none of the above.

5. Which of the following is not considered as component of resource mobilization?

(a) Resource Identification (b) Seeking out new resources
(c) Disposal of waste resources (d) Identification of resource provider.

6. The importance of __________ lies in the fact that this activity triggers an entrepreneurial spark
and arouses
interest in entrepreneurship among individuals.
(a) Support (b) Stimulation (c) Sustainability (d) Motivation.

7. Name the institution which was set up as an apex bank (institution) to provide direct or indirect
financial
assistance to small scale industries under different schemes:
(a) SIDBI (b) NSIC (c) RSBDC (d) SSIDC.

8. The French word “Entre” and “Prendre” means __________ and __________.
(a) effort; project (b) start; project
(c) ‘between’; ‘to take’ (d) ‘between’; ‘venture’.

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9. Angel Investor is __________.

(a) A person who provides loan at higher interest
(b) One who becomes partner in an enterprise in exchange of money
(c) A wealthy individual who invests directly in start-ups
(d) A person who takes risk of business owned by others.

10. Which of the following is not an element of entrepreneurship?

(a) Business Opportunity (b) Innovation
(c) Family Background (d) Risk and uncertainty.
GROUP – B
Answer any ten question 3x10

11. Why should an entrepreneur do a “feasibility study” for starting a new venture?
(a) To identify possible source of fund (b) To assess the viability of the venture
(c) To estimate expected sales (d) To explore potential customers.

12. Which type of resources is required for spawning a new enterprise?

(a) Financial Resources (b) Physical Resources
(c) Human Resources (d) All of these.

13. Race Track Layout is also known as __________.

(a) Loop Layout (b) Spine Layout
(c) Herringbone Layout (d) Grid Layout.

14. Identify the right sequence of business process mapping.

(a) Identify the goal, Planning and map out the process, Setting up actions and assigning
stakeholders,
Implementing Process, Testing the process, Monitoring the results, Replicate.
(b) Identify the goal, Planning and map out the process, Setting up actions and assigning
stakeholders,
Testing the process, Implementing the Process, Monitoring the results, Replicate.
(c) Identify the goal, Setting up actions and assigning stakeholders, Planning and map out the
process,
Implementing Process, Testing the process, Monitoring the results, Replicate.
(d) Identify the goal, Planning and map out the process, Setting up actions and assigning
stakeholders,
Testing the process, Monitoring the results, Implementing Process, Replicate.

15. Special Economic Zone are areas _________.

(a) which have unique economic rules, regulations and laws
(b) a portion of city designed for industrial use
(c) small industrial area at outskirts of the city
(d) specific geographical area meant for specific industrial activity.

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16. Which of the following is the right phase of the process of creativity according to Graham
Wallas’s model?
(a) Idea Germination, Preparation, Incubation, Illumination, Verification
(b) Idea Germination, Preparation, Illumination, Incubation, Verification
(c) Incubation, Idea Germination, Preparation, Illumination, Verification
(d) Idea Germination, Incubation, Preparation, Illumination, Verification.

17. Which of the following is not included in a typical business plan?

(a) Business Description (b) Market analysis
(c) Plan of operations (d) Recruitment and selection process.

18. Precise thinking is also known as—

(a) Convergent thinking (b) Divergent thinking
(c) Effective thinking (d) Lateral thinking.

19. As per Section 7 of MSMED Act, 2006, a small enterprise in the manufacturing sector has been
defined as an enterprise whose—
(a) investment in plant and machinery is more than Rupees 25 Lakhs but does not exceed Rupees 5
Crore.
(b) investment in equipment is more than Rupees 10 Lakhs but less than Rupees 2 Crore.
(c) investment in equipment is more than Rupees 2 Crore but less than Rupees 5 Crore.
(d) investment in plant and machinery is more than Rupees 5 Crore but does not exceed Rupees 10
Crore.

20. Full form of ICICI is _________.

(a) Indian Credit and Investment Corporation Industry
(b) Industrial Cooperative and Investment Commission of India
(c) Industrial Credit and Investment Corporation of India
(d) Industrial Credit and Investment Corporate of India.

21. Which of the following is not a factor for selecting location of a business enterprise?
(a) Availability of raw material
(b) Proximity to market
(c) Profitability
(d) Easy availability of efficient labour force.

22. In the stage of responsibility allocation process, the entrepreneur follows:

(a) Highly centralized decision-making process
(b) Highly decentralized decision-making process
(c) Somewhat centralised decision-making process
(d) No particular standard.
23. Fixed capital is required for:
(a) Procurement of fixed assets
(b) Required for expansion and diversification
(c) For supporting day to day operations of the company
(d) Both (a) and (b).

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24. The method of exploring potential solutions to a problem is known as—

(a) Precise thinking (b) Convergent thinking
(c) Lateral thinking (d) Effective thinking.

25. “The increase in domestic business has occurred for several reasons in recent times”— Which of
the following
is the most important reason?
(a) Increase in utility
(b) Increase in tax rate
(c) Increasing use of internet
(d) Fewer people seeking financial security

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 MATHUR SIR - 8777249775

BUSINESS ETHICS
Module – II
Full marks: 40
Group – A
Answer any five questions. 2x5

26. Justice approach is an approach of _________.

(a) Obligation Theories (b) Equity Theories
(c) Deontological Approach (d) Teleological Approach.

27. The process where a person informs on another or makes public disclosure of corruption or
wrong doing is called __________.
(a) Endeavour (b) Whistle Blowing (c) Dilemma (d) Veteran.

28. A company in India required to make Corporate Social Responsibility expenses must spent at
least __________ of the average net profit of immediately preceding three financial years.
(a) 2% (b) 3% (c) 2.5% (d) 1.5%

29. Prescriptive Ethics is also known as __________.

(a) Meta- Ethics (b) Descriptive Ethics
(c) Normative Ethics (d) Societal Ethics.

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

31. Which of the following is a serious issue related to ethics in marketing?

(a) Deceptive Advertising and Price gouging (b) Fraudulent asset valuation
(c) Issues affecting the privacy of the employer (d) Occupational safety and health.

32. __________ is a statement of business guidelines that define ethical standards of conduct for its
top management and employees.
(a) Vision statement (b) Mission statement
(c) Corporate code of ethics (d) Memorandum of Association.

33. Ethics is a branch of __________ and _________.

(a) Philosophy, natural science (b) Spirituality, social science
(c) Philosophy, social science (d) Spirituality, natural science.

34. The beliefs possessed by the top management of an organisation about the way of conducting
the operations of the business and employees is termed as—
(a) Corporate Culture (b) Corporate Framework
(c) Corporate Rules (d) Corporate Guidelines.

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35. ___________ may be defined as the enhancement of long-term shareholder value, while at the
same time, protecting the interests of other stakeholders.
(a) Business ethics (b) Cultural relativism
(c) Corporate social responsibility (d) Corporate governance.

GROUP – B
Answer any ten questions. 3×10
36. Business ethics comprises—
(a) Law and regulations that guide the behaviour in the world of business
(b) Moves, values and customs that guide behaviour in general
(c) Moral principles and standards that guide behaviour in the world of business
(d) The obligations business assumes to maximize their positive impact and minimize their negative
impact on society.

37. __________ is a technique used by companies and its financial managers to manipulate financial
statements
and reports to show more favourable results for a period.
(a) Insider trading (b) Whistle blowing
(c) Window dressing (d) Internal audit.

38. __________ is a moral situation in which a choice has to be made between two undesirable
alternatives.
(a) Ethical norms (b) Ethical dilemma
(c) Ethical cycle (d) Ethical competitor.

39. Which of the following companies is not required to constitute CSR committee?
(a) Companies with net worth Rs. 500 crore or higher during any 3 preceding financial years
(b) Companies with turnover of Rs. 1000 crore or higher during any 3 preceding financial years
(c) Companies with net profit of Rs. 5 crore or higher during any 3 preceding financial years
(d) Companies with net loss of Rs. 5 crore or higher and net worth of 500 crores or higher during
any 3 preceding financial years.

40. ___________ states that an act that is not good morally can lead to something good and focuses
on the intentions associated with a behaviour.
(a) Deontological Approach (b) Moral Rights Approach
(c) Justice Approach (d) Virtue Ethics Approach.

41. The norms relating to corporate governance for Indian listed company are presented in
___________ of Companies Act in the listing agreement.
(a) Clause 49 (b) Clause 59 (c) Clause 45 (d) Clause 48

42. The guidelines of business defining the ethical standards for its top management and employees
is termed as—
(a) Corporate Code of Ethics (b) Corporate Framework
(c) Industry Rules (d) Corporate behaviour.

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43. The dictionary meaning of the term “value” is—

(a) Principles or standards of propriety (b) Principles or standards of excellence
(c) Principles or standards of behaviour (d) Principles or standards of good faith.

44. ___________ is a term used to define an organisation’s initiative to increase understanding

among different groups.
(a) Globalisation (b) Cultural relativism
(c) Cross culture (d) All of these.

45. The “Universal Application” feature of corporate governance means that—

(a) Corporate governance is based on core ethico-moral principles and values
(b) Corporate governance is legally recognised across several countries and all organizations
(c) The top management should not maintain any secrecy and must disclose all relevant information
(d) Corporate governance is socially accepted by all people living in the society.

46. Which of the following is not unethical behaviour in human resource management?
(a) Creating split in Union leaders by inducing regionalism, casteism
(b) Producing fake caste certificate to obtain a job
(c) Maintaining occupational safety, health and fairness of job contract
(d) Biased attitude in selection, promotion, transfer, training & development of employees.

47. Internal Control & Internal Audit can resolve the ethical issues in _____________.
(a) Accounting and Finance (b) Human Resource Management
(c) Marketing Management (d) Audit Committee.

48. Which of the following is not likely to be true regarding corporate governance?
(a) Corporate governance deals with issues that result from the separation of ownership and control
(b) Corporate governance requires the board of directors and the top management to protect the
rights of only majority stakeholders
(c) Corporate governance is a systematic process based on laws, procedures, practice and rules
(d) Corporate governance is a top-down approach.
49. Cultural Relativism refers to
(a) All moral and ethical systems are equally valid and activities should be interpreted in terms of
one’s own culture
(b) All moral and ethical systems are different and they must be taken into consideration separately
(c) One culture is quite as good as any other nominated culture
(d) Culture is the only reference point for a value system.

50. The order of Pyramid of responsibility is

(a) Ethical Responsibility, Moral Responsibility, Social Responsibility, Economic Responsibility.
(b) Economic Responsibility, Legal Responsibility, Ethical Responsibility, Philanthropic Responsibility.
(c) Philanthropic Responsibility, Justice Responsibility, Economic Responsibility, Ethical
Responsibility.
(d) Legal Responsibility, Moral Responsibility, Ethical Responsibility, Economic Responsibility

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