Show MULTIPLE CHOICE 1.Which of the following is one of the advantages of ethical decision-making as a long-term business strategy? a.Ethical behavior will increase short-term profits. b.Ethical behavior will provide positive press opportunities. c.Ethical behavior can ensure positive employee relationships. d.Ethical behavior can provide significant competitive advantage. Answer: D 2. Which of the following is defined as standards of what a group or individual feels is right or wrong, or good or evil? a.Morality b.Ethics c.Standards d.Values Answer: A 3.Which of the following best describes the criteria by which we judge manners and rules of behavior? a. Ethical norms b.Moral norms c.Nonmoral standards d.Standard values Answer: C 4.Which of the following can be described as an example of a moral standard? a.Do not be late for a meeting. b.Do not harm others. c.Do not use a work computer for personal use. d.Do not discuss pay issues with others. Answer: B 5. Which of the following best describes the basis for moral standards? a.Moral standards are based on authority. b.Moral standards deal with serious issues. c.Moral standards are based on personal experiences. d.Moral standards are based on personal beliefs. Answer: B Copyright © 2018, 2013, 2010 Pearson Education, Inc. All Rights Reserved Wrong! Try again. Wrong! The correct answer is " Egoism "Correct! " Egoism "2. Which of the following aspects of an organization helps in building an ethical organization? i. The organization's values a) Only i Wrong! Try again. Wrong! The correct answer is " i, ii and iii " Correct!" i, ii and iii " 3. Which of the following groups did the Kumaramangalam Birla Committee recommend for deciding a fair remuneration package for the CEO and the
executive directors? Wrong! Try again. Wrong! The correct answer is " Remuneration committee " Correct!" Remuneration committee " 4. One of the major ethical dilemma faced by operations managers in the present scenario is Wrong! Try again. Wrong! The correct answer is " Quality control " Correct!" Quality control " 5. According to the principle of ethical remuneration, in which of the following situations can seniority and loyalty be considered as factors in determining rewards? i. When their contribution increases owner value Wrong! Try again. Wrong! The correct answer is " i & iv " Correct!" i & iv " 6. The bidding technique (in a takeover) in which the first 51% of the shareholders who tender their shares for a premium over the prevailing market price and the remaining 49% receive only promissory notes for the tender amount is referred to as a Wrong! Try again. Wrong! The correct answer is " Two-tier tender office " Correct!" Two-tier tender office " 7. In which of the following countries is bribery considered unethical and illegal under the
Foreign Corruption Practices Act (FCPA)? Wrong! Try again. Wrong! The correct answer is " America " Correct!" America " 8. Which of the following theories supports a contract under which one or more persons engage another person to perform a service on their behalf? Wrong! Try again. Wrong! The correct answer is " Agency theory " Correct!" Agency theory " 9. Which of the following is a feature of the German model of corporate governance? a) Shareholders role being performed by elected Board of Directors Wrong! Try again. Wrong! The correct answer is " High rate of worker participation in the governance mechanism " Correct!" High rate of worker participation in the governance mechanism " 10. According to companies act which of the following factor (s) can board of directors can be held liable for? a) Misrepresentation in offer documents Wrong! Try again. Wrong! The correct answer is " When laws are contravened " Correct!" When laws are contravened " 11. Right, equitable, good, proper, fair and just are the key aspects of: Wrong! Try again. Wrong! The correct answer is " Ideal decision virtues "Correct! " Ideal decision virtues " 12. Which of the following
statements best explains the difference between ethics and morality? Wrong! Try again. Wrong! The correct answer is " Ethics refer to system of beliefs whereas morality refers to standards of behavior " Correct!" Ethics refer to system of beliefs whereas morality refers to standards of behavior " 13. Which of the following organizations closed its old units to prevent pollution? Wrong! Try again. Wrong! The correct answer is " Tata Iron and steel " Correct!" Tata Iron and steel " 14. Who among the following decides the remuneration of a CEO in an organization? Wrong! Try again. Wrong! The correct answer is " Board of directors " Correct!" Board of directors " 15. To improve sales, NewIndia marketed its new fax machines as machines which just took five
seconds to transmit the documents, but in reality, they took ten seconds to transmit the documents. The marketing manager was in a great dilemma as to why the firm did not have Wrong! Try again. Wrong! The correct answer is " An ethical compliance program " Correct!" An ethical compliance program " 16. The main objective of National Institute of Occupational Safety and Health (NIOSH) which administers the Occupational Safety and Health Act
(OSHA) is to Wrong! Try again. Wrong! The correct answer is " Ensure a healthy and safe work environment in the US industries " Correct!" Ensure a healthy and safe work environment in the US industries " 17. Which of the following unethical acts can be associated with the
purchasing function? Wrong! Try again. Wrong! The correct answer is " All the above " Correct!" All the above " 18. An MNC recruits people from its home country for the top posts in its establishment in a foreign country and pays lower salaries to employees who belong to the host country. How would you describe these unethical practices? Wrong! Try again. Wrong! The correct answer is " i and ii " Correct!" i and ii " 19. Which of the following companies has very strict safety and employment standards for its overseas operations? Wrong! Try again. Wrong! The correct answer is " Levi Strauss " Correct!" Levi Strauss " 20. The Cadbury Committee was set up to address the
a)
Issue of good corporate governance Wrong! Try again. Wrong! The correct answer is " Financial aspects of corporate governance " Correct!" Financial aspects of corporate governance " 21. An individual from South America believes that it is morally acceptable to pay small bribes to the customs officer to obtain quick clearance of imports. But an individual from the United States finds this practice to be morally unacceptable. This is an example of
a) Ethical subjectivism Wrong! Try again. Wrong! The correct answer is " Ethical subjectivism "Correct! 22. Dependability, predictability and faith are the three elements that constitute Wrong! Try again. Wrong! The correct answer is " Trust " Correct!" Trust " 23. To which of the following do a company's statements, credos and code of ethics relate? Wrong! Try again. Wrong! The correct answer is " Espoused values " Correct!" Espoused values " 24. Which of the following terms refers to the policy
statements that define a company's ethical standards? Wrong! Try again. Wrong! The correct answer is " Corporate code " Correct!" Corporate code " 25. A fundamental norm or absolute belief which is accepted by an individual determines an individuals Wrong! Try again. Wrong! The correct answer is " Moral standard " Correct!" Moral standard " Copyright � 2018 ICMR Center for Management Research. All rights reserved. What is the differences between ethics and morality?Ethics are the rules you abide by in order to remain within a community or profession. Morals are your personal values that run to the core of your very being. Depending on your profession, it's possible for your morals regarding a certain matter to be stricter than the code of ethics for the same issue.
What is the main difference between morals and ethics quizlet?Ethics is a set of theories that determine right and wrong, morals involve practice of these theories or principles. Moral issues relate to a person's concepts of right and wrong.
What is the difference between ethics and morality essay?Ethics focuses on the decision-making process for determining right and wrong, which sometimes is a matter of weighing the pros and cons or the competing values and interest. Morality is a code of behavior usually based on religious tenets, which often inform our ethical decisions. Morals come from within.
|