Business Ethics And Global Business Environment.
Questions and Answers
- 1.
Explain the impact of ethics on business environment?
- 2.
Narrate the significance of ethics with culture
- 3.
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
Correct Answer
A. To make a profitExplanation
The primary objective of a business organization is to make a profit. This means that the organization's main goal is to generate revenue that exceeds its expenses and ultimately leads to financial gain. Making a profit is crucial for the sustainability and growth of a business, as it allows for reinvestment, expansion, and the ability to fulfill other objectives such as providing quality products or services, creating employment opportunities, and contributing to the economy.Rate this question:
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- 4.
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
Correct Answer
D. All of the aboveExplanation
Corporate social responsibility (CSR) refers to the concept that businesses have a responsibility to consider the social and environmental impacts of their actions. It encompasses ethical conduct, which involves making decisions that are morally right and fair. It also includes environmental practices, which focus on minimizing negative impacts on the environment and promoting sustainability. Additionally, CSR involves community investment, which entails contributing resources and support to local communities to improve their well-being. Therefore, the term corporate social responsibility relates to all of the above options, as they are all integral aspects of responsible business practices.Rate this question:
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- 5.
What is ethics to do with
- A.
The wider community
- B.
Business
- C.
Right and Wrong
- D.
Nothing
Correct Answer
C. Right and WrongExplanation
Ethics is the study of moral principles and values that determine what is considered right and wrong. It is concerned with understanding and evaluating human behavior and the choices individuals make in various contexts, including the wider community and business. Ethics provides a framework for individuals to make decisions based on principles such as fairness, honesty, and respect. Therefore, the concept of ethics is closely related to the ideas of right and wrong, as it guides individuals in determining what actions are morally acceptable and what actions are not.Rate this question:
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- 6.
Which legislation relates to the concept of business ethics?
- A.
Freedom of information act
- B.
Food act
- C.
Building regulations
- D.
All of these
Correct Answer
A. Freedom of information actExplanation
The correct answer is "freedom of information act" because this legislation is related to the concept of business ethics as it promotes transparency and accountability in business practices. The freedom of information act allows individuals to access information held by public authorities, including businesses, which helps to ensure ethical behavior and prevent corruption. This legislation is crucial in maintaining ethical standards and fostering trust between businesses and the public.Rate this question:
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- 7.
The environmental analysis includes
- A.
Political conditions
- B.
Social factors
- C.
Economic conditions
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The environmental analysis is a process that involves assessing the external factors that can impact an organization's operations. These factors include political conditions, which refer to the laws, regulations, and government policies that can affect the business environment. Social factors consider the cultural, demographic, and societal trends that can influence consumer behavior and market demand. Economic conditions encompass the economic indicators, such as inflation, unemployment, and GDP growth, which can impact the organization's financial performance. Therefore, the correct answer is "all of the above" as all these factors are essential components of the environmental analysis.Rate this question:
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- 8.
Carroll's model of social responsibility includes the social responsibilities categories of _____,_____ and ____ plus those at the discretion of the firm
- A.
Consumerism, discrimination , environment
- B.
Ethical responsibilities discrimination, legal responsiilities
- C.
Ethical,legal, economic responsibilities
- D.
Occupational safety, legal responsibilities, economic responsibilities
Correct Answer
C. Ethical,legal, economic responsibilitiesExplanation
Carroll's model of social responsibility includes three main categories: ethical, legal, and economic responsibilities. These categories encompass the various obligations that a firm has towards society. Ethical responsibilities refer to the moral and ethical standards that a company should uphold in its operations. Legal responsibilities involve complying with laws and regulations. Economic responsibilities pertain to the company's role in generating profits and contributing to economic development. These three categories form the core of Carroll's model, and any additional social responsibilities are at the discretion of the firm.Rate this question:
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- 9.
What is meant by the phrase CSR
- A.
Corporate social responsibility
- B.
Company social responsibility
- C.
Corporate society responsibility
- D.
Corporate society responsibility
Correct Answer
A. Corporate social responsibilityExplanation
Corporate social responsibility (CSR) refers to a company's commitment to conducting business in an ethical and sustainable manner that benefits society and the environment. It involves taking responsibility for the impact of the company's actions on various stakeholders, including employees, customers, communities, and the environment. CSR initiatives may include philanthropy, environmental sustainability efforts, ethical business practices, and social initiatives aimed at improving the well-being of society. By engaging in CSR, companies aim to contribute positively to society while also enhancing their reputation and long-term success.Rate this question:
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- 10.
Macro environment consists of
- A.
Cultural forces
- B.
Technological forces
- C.
Demographic forces
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The macro environment refers to the external factors that affect an organization's operations and strategies. These factors include cultural forces, which encompass the beliefs, values, and behaviors of a society. Technological forces refer to advancements and innovations in technology that can impact industries and markets. Demographic forces involve the characteristics of a population, such as age, gender, income, and education, which can influence consumer behavior and market demand. Therefore, all of the options listed (cultural, technological, and demographic forces) are part of the macro environment.Rate this question:
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- 11.
"Focus on social environment" is related to ?
- A.
Unity of command
- B.
Human Relations
- C.
Unity of Direction
- D.
All of the above
Correct Answer
B. Human RelationsExplanation
The phrase "Focus on social environment" suggests that the topic being referred to is related to understanding and managing relationships within a social context. This concept is commonly associated with Human Relations, which involves studying the behavior and interactions of individuals within organizations. Unity of command and unity of direction, on the other hand, are principles of management that focus more on organizational structure and coordination. Therefore, the most appropriate answer is Human Relations.Rate this question:
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- 12.
One of the criticism levelled against the development strategy in India is that ............ .should have been given greater importance than industry
- A.
Agricultural sector
- B.
Private sector
- C.
Public sector
- D.
Hilly sector
Correct Answer
A. Agricultural sectorExplanation
One of the criticisms against the development strategy in India is that the agricultural sector should have been given greater importance than industry. This suggests that some people believe that the focus on industrial development has overshadowed the needs and potential of the agricultural sector. They argue that prioritizing agriculture would have been more beneficial for the country's overall development and welfare.Rate this question:
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- 13.
Which act gave the Government enormous control over the management?
- A.
Company's act
- B.
Industrial act
- C.
M.R.T.P. Act
- D.
Both (A) and (B)
Correct Answer(s)
A. Company's act
D. Both (A) and (B)Explanation
The correct answer is "Both (A) and (B)". The Company's Act and the Industrial Act both gave the government enormous control over the management. The Company's Act regulates the formation, management, and dissolution of companies, giving the government authority to oversee and control their operations. The Industrial Act also grants the government significant control over the management of industrial establishments. Therefore, both acts contribute to the government's extensive control over management.Rate this question:
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- 14.
Which among these is a factor affecting business Environment?
- A.
Value System
- B.
Human Resources
- C.
Both (A) and (B)
- D.
Neither (A) nor (B.
Correct Answer
C. Both (A) and (B)Explanation
Both the value system and human resources are factors that can affect the business environment. The value system refers to the beliefs, attitudes, and principles that guide the behavior of individuals within a society, which can impact the way businesses operate. Human resources, on the other hand, are the employees of a company and their skills, knowledge, and attitudes can have a significant influence on the success of a business. Therefore, both the value system and human resources are important factors that can affect the business environment.Rate this question:
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- 15.
What are the weaknesses of earlier approach to industrial development?
- A.
Agricultural development
- B.
it did not have the wider support of adequate agricultural development
- C.
It was not fully planned
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The weaknesses of the earlier approach to industrial development include the lack of wider support for adequate agricultural development and the lack of full planning. Both of these factors contributed to the shortcomings of the approach, as it did not prioritize and effectively address the needs and challenges of agricultural development. Therefore, the correct answer is "all of the above."Rate this question:
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Current Version
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Feb 15, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 09, 2020Quiz Created by
Dr.L.KARTHIKEYAN
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