Business Ethics (Mng 624)

40 Questions | Total Attempts: 121

SettingsSettingsSettings
Please wait...
Business Ethics (Mng 624)

Please read following instruction carefully before commencing the quiz. The quiz has 40 questions to be answered in 30 mins. Each correct answer would fetch 1 mark; however, 0. 25 marks would be deducted for each wrong answer. Make sure that you enter your name and roll number correctly. Once you mark any option, you can change the option later, but you cannot unmark the question. Thus, think twice and mark your answer carefully. Following rules shall be strictly followed. All the windows, dialogue boxes on the computer system shall be closed. No tabs shall be opened in the browser except the test. (After opening the link, you are required to close your email tab) You are not allowed to use any online search engine or refer notes for finding correct answer


Questions and Answers
  • 1. 
    Corporate social responsibility leads to
    • A. 

      Improved reputation and branding

    • B. 

      Shareholder wealth

    • C. 

      Increased profits

    • D. 

      Self interest

  • 2. 
    Which of the following is an ethical business practice?
    • A. 

      Triple bottom line accounting

    • B. 

      Rotation of auditors

    • C. 

      Hotline for reporting misconduct

    • D. 

      All of the above

  • 3. 
    Business Ethics is
    • A. 

      A study of morals

    • B. 

      A study of right and wrong

    • C. 

      A study of bribery

    • D. 

      A study of moral standards in organizations

  • 4. 
    Vishakha guidelines are used in dealing with
    • A. 

      Sexual harassment act

    • B. 

      Whistleblower act

    • C. 

      Environment protection act

    • D. 

      Corporate social responsibility act

  • 5. 
    SEBI was established in
    • A. 

      1988

    • B. 

      1996

    • C. 

      1994

    • D. 

      2001

  • 6. 
    Triple bottom line accounting focuses on
    • A. 

      Auditors, Shareholders and Stakeholders

    • B. 

      Corporate Social Responsibility

    • C. 

      Social, Environmental and Economic

    • D. 

      Transparent Accounting Procedures

  • 7. 
    SEBI’s responsibilities are:
    • A. 

      Regulatory

    • B. 

      Arbitrary

    • C. 

      Developmental

    • D. 

      A and C

  • 8. 
    Trading on price sensitive information by company employees is referred to as:
    • A. 

      Speculation

    • B. 

      Money laundering

    • C. 

      Insider trading

    • D. 

      Outsider trading

  • 9. 
    Which ethical theory states that an action is morally right if consequences of that action are more favorable then unfavorable to everyone?
    • A. 

      Utilitarianism theory

    • B. 

      Egocentric theory

    • C. 

      Teleological approach

    • D. 

      Consequential theory

  • 10. 
    Which one below is not an ethical issue at the workplace?
    • A. 

      Drug and alcohol abuse

    • B. 

      Discrimination

    • C. 

      Misuse of others information

    • D. 

      Training

  • 11. 
    A national task force on corporate governance was set up by CII in the mid 1996 under the leadership of
    • A. 

      Ratan Tata

    • B. 

      Kumar Mangalam Birla

    • C. 

      Azim Premji

    • D. 

      Narayan Murthy

  • 12. 
    Which one is not one of the 4 pillars of corporate governance
    • A. 

      Accountability

    • B. 

      Fairness

    • C. 

      Transparency

    • D. 

      Leadership

  • 13. 
    What legislation was enacted in response to the high-profile Enron and WorldCom financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise?
    • A. 

      Foreign Corrupt Practices Act, 1977

    • B. 

      Sarbanes-Oxley Act, 2002

    • C. 

      Foreign Account Tax Compliance Act, 2010

    • D. 

      Financial Services and Markets Act 2000 

  • 14. 
    Which according to the Uday Kotak Report on Corporate Governance is not the recommendation:
    • A. 

      Segregating the roles of Chairman and CEO

    • B. 

      Distinguishing the role of Board and Management

    • C. 

      Bringing the minimum strength of board to six members and atleast one-woman independent director on board

    • D. 

      Atleast one meeting in a year must discuss issues relating to succession planning and risk management

  • 15. 
    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.

  • 16. 
    What does the Sarbanes- Oxley Act of 2002 stipulate?
    • A. 

      CEO and CFO should sign off on the company’s financial statements.

    • B. 

      The company should appoint independent financial experts in its audit committee.

    • C. 

      A public accounting oversight Board be created.

    • D. 

      All of the above.

  • 17. 
    Which of the following is an unfair practice by businessmen?
    • A. 

      Adulteration

    • B. 

      Artificial Scarcities

    • C. 

      Under Measurement

    • D. 

      All of the above.

  • 18. 
    Which of these are not ethical issues in Product and Packaging?
    • A. 

      Unsafe for consumption

    • B. 

      Well aligned with the actual product

    • C. 

      Exaggerated attributes

    • D. 

      None of these

  • 19. 
    Caveat Emptor implies to:
    • A. 

      Let the buyer beware

    • B. 

      Provide good services to the buyer

  • 20. 
    Individuals who raise ethical concerns whether inside or outside the organization are known as___
    • A. 

      Whistleblowers

    • B. 

      Entrepreneurs

    • C. 

      Social workers

    • D. 

      Insiders

  • 21. 
    Implied Warranty of merchantability holds that in selling a product implicitly offers assurances that the product is reasonably suitable for its purpose.
    • A. 

      True

    • B. 

      False

  • 22. 
    Can a manufacturer be held liable when a product is misused?
    • A. 

      No

    • B. 

      Can't Say

    • C. 

      Yes

  • 23. 
    Which of these Companies behaved ethically to manage their responsibilities towards a defective product?
    • A. 

      Johnson & Johnson

    • B. 

      Toyota

    • C. 

      A and B

    • D. 

      Britannia

  • 24. 
    Manipulation in marketing is appropriate as per which ethical theory?
    • A. 

      Utilitarianism

    • B. 

      Deontology

    • C. 

      Virtue Ethics

  • 25. 
    Puffery in advertising is an ethical
    • A. 

      Gray area

    • B. 

      Violations at all times

    • C. 

      None of the above

    • D. 

      Both A and B

Back to Top Back to top