MBA 402 Business Ethics & Corporate Governance Objective Questions 1) Business ethics is concerned with: (a) (a)

) Morality (b) Morality in business (c) Morality in Medical practices (d) Morality with public affairs 2) Ethics primarily lays its focus on: (a) (a) Study of human behavior (b) Study of business (c) Study of conflict (d) Study of grievance 3) Ethics has its primary sources in _________ system: (c) (a) 4 (b) 5 (c) 6 (d) 7 4) Whistle blowing mean: (b) (a) Tool manufacturing (b) Goes public (c) Compromise (d) Conflict 5) Scope of business ethics is (d) (a) Analytical and evolutionary (b) Evolutionary (c) Analytical (d) Wider 6) Features of values are grouped under: (a) (a) DNA (b) Descriptive (c) Constellation of like (d) Truth and honesty 7) Hedonism is the doctrine that states: (b) (a) Happiness is evil (b) Happiness is the highest god (c) Happiness creates sorrow (d) None 8) Values should be accepted: (c) (a) Minimum members of society (b) Only one sector of society (c) Universally (d) Individually 9) Edward Spranger defines the values as: (d) as the constellation of likes as the constellation of dislikes as the constellation of rational and irrational judgments All the above 10) Beliefs are (c) (a) Criteria of action (b) Criteria of resistance (c) Criteria of thought (d) Criteria of Intention 11) Norms are: (a) Collective expectations regarding type of behavior Collective expectations regarding type of intentions Collective expectations regarding type of interventions Collective expectations regarding type of morality 12) Ethics Moral actions are: (a) Set of actions made up of characters and expressed through behaviors Honesty is good Anger is bad Character in society 13) The decision Making is determined and weighed by: (d) (a) The end (b) The means and motive (c) The foreseeable consequences (d) All the above 14) Ethical Theories are categorized under: (a) cognitive and non cognitive Analytical and Utility approach Rights and Justice approach Market Karmas approach 15) Teleology mean: (b) (a) The means (b) The ends (c) Hybrid (d) Virtue 16) Traditional Utilitarianism was created by (a) (a) Jeremy Bentham and John Stuart Mill (b) Jordhan (c) John Mc. Kensy (d) Kantian 17) Ethical codes are regulated by (a) (a) Managers (b) Trade Unions (c) Board of Directors (d) Individuals 18) Material well being of people is threatening (a) (a) Physical and moral environment (b) Human life (c) Organizational growth (d) Social milieu 19) The number of ethical principles proposed by Sages and Rishis are : (c) (a) 3 (b) 5 (c) 7 (d) 9 20) Indian philosophy insights and thoughts helps to view: (b)

(a) Human life (b) Organizational (c) Team work (d) Leadership styles 21) Arth mean: (b) (a) Fulfillment of desires (b) Material Wealth (c) Salvation (d) Rules 22) The Alpha and Omega of management is (a) (a) Arth and Kama (b) Dharma and Moksha (c) Moksha (d) Arth 23) Dharma Lakshanas were Proposed in (b) (a) Manu Charithra (b) Manu smrithi (c) Bhagvadgitha (d) Ramayana 24) When the discrimination ruins, the person loses self identity This statement is proposed in (c) (a) Manu Charithra (b) Manu smrithi (c) Bhagvadgitha (d) Ramayana 25) In Hindu ethical system stealing also includes: (b) (a) Stealing material wealth (b) Hoarding (c) Grabing (d) Urge 26) Patience pays: (c) (a) Equity (b) Profit (c) Dividends (d) Fruits 27) A man of pure intellect is free from: (d) (a) Bad temper (b) Bad moods (c) fear and unpredictable behavior (d) All (a),(b) & (c) 28) Vintuous life is possible only when one has: (d) (a) Intelligence (b) Devotion (c) Ego (d) Commitment 29) The ninth principle from Indian Ethics in: (d) (a) Dama (B) Dhee (c) Satya (d) Shaucha 30) Dhriti mean: (c) (a) Control of mind (b) control of senses (c) Persistence (d) Purity of body and mind 31) The components of individual behavior are: (a) (a) 4 (b) 2 (c) 3 (d) 6 32) How many methods were proposed for ethical reasoning (a) (a) 3 (b) 4 (c) 5 (d) 6 33) How many are the stages in the development of a persons ability to deal with moral issues (d) (a) 3 (b) 4 (c) 5 (d) 6 34) Moral reasoning is (a) (a) Intentional form of decision making (b) Interventional form of decision making (c) Colliding form of decision making (d) Dilemma of decision- making 35) Gilligan claimed two ways of approach to moral issues: (b) (a)Utility and reason approach (b) Male Female approach (c) Vice Virtue approach (d) Implying and evaluating approach 36) The most common practice of accountants in ethically gray areas is called (a) (a) Creative accounting (b) Critical accounting (c) Cost accounting (d) Smart accounting 37) Equity accounting is a method of (c) (a) Decreasing profits (b) Increasing abilities (c) Enhancing profits (d) Enhancing assets 38) The fair value of a fixed asset is represented by the cost of (a) (a) Replacing it with an asset which would give same service (b) Replacing it with an asset which would give low service (c) Replacing it with an asset which would give high service (d) Replacing it with an asset which would give moderate service 39) Churning is defined as: (c) (a) Sufficient trading (b) Desirable trading (c) Excessive trading (d) Appropriate trading 40) Excessive trading depends upon (b) (a) Type of account (b) Charter of account (c) Life of account (d) Birth of account

41) Unsuitable Liquidity is (c) (a) Limited assets (b) Limited liabilities (c) Limited partnerships (d) Excess Partnerships 42) Efficiency and equity are (c) (a) Indirectly related (b) Inversely related (c) Directly related (d) Equally related 43) Quality of product depends on: (a) (a) Product safety (b) Risk (c) Nature of industry (d) Nature of organization 44) Caisson disease is caused among: (b) (a) Gas blowers (b) Drivers (c) Math makers (d) Electrical workers 45) The safety of employees in work place is regulated by: (c) (a) Factories Act (b) Companies Act (c) OSHA (d) ESI Act 46) IPR mean: (b) (a) Intelligence Property Rights (b) Intellectual Property Rights (c) Intelligence Proprietary Rights (d) Intellectual Proprietary Rights 47) Affirmative Action as a form of compensation are based on: (b) (a) Complimentary Justice (b) Compensatory Justice (c) Whistle blowing (d) Civil rights 48) Proprietary information is also known as: (c) (a) Know how (b) Company problems (c) Trade secrets (d) Trademarks 49) The Companies belonging to Holland should employee disabled _________ of their work force (b) 2-5% (b) 3-10% (c) 10-15% (d) 15-25% 50) Jobs can be specialized into: (b) Straight line (b) Vertical and Horizontal (c) Simultaneous (d) Parallel 51) For an organization to have at least 4 independent directors the company should satisfy (a) 50% of directors with paid up capital and free reserve of Rs-10.cr. 40% of share holdings Should be family members of firm None 52) The rules and regulations regarding CG are prescribed by (c) CEO (b) COO (c) SEBI (d) FEMA 53) Narayana Murthy Committee was constituted in the year 1994 (b) 1996 (c) 2004 (d) 2003 54) The audit report should be read out by the board of directors in the (a) Annual general meeting Half yearly general meeting Quarterly general meeting Informal meeting 55) Good corporate governance is the primary duty of the (c) Employee (b) Manager (c) Board (d) Audit committee 56) National Task Force on corporate governance was set up by (a) CII (b) CBI (c) CID (d) SEBI 57) Insider trading is not legally prohibited until (d) 1990 (b) 1991 (c) 1993 (d) 1994 58) The German system of CG is based on (b) Single management A two tier management A three tier management A four tier management 59) How many companies in UK were Quoted on the stock exchange (a) Over 2000 (b) Over 3000 (c) Over 4000 (d) Over 5000 60) NYSE means (c) New Zeeland yield stock exchange Nigeria yield stock exchange New York stock exchange None 61) According to Keith Davis, the term CSR refers to (d) Socio economic obligation Socio human obligation Socio cultural obligation Both (a) & (b) 62) CSR is (a) 4 faced (b) 2 faced (c) 3 faced (d) 5 faced 63) Eight hour shift was first introduced in India in (b) 1909 (b) 1912 (c) 1915 (d) 1918 64) Payment of Bonus Act was proposed in (b)

1955 (b) 1965 (c) 1975 (d) 1985 65) Nature of CSR corporations depends up on: (a) State holder theory (b) Company (c) Mission (d) Visions 66) Model for behavioral Analysis was proposed by Harth man (b) Murthy (c) OSHA (d) None 67) State Holder Model was proposed by (a) Thomas Donald Son (b) Lee (c) Peterson (d) John 68) Which among the following has utmost importance with respect to CG (a) Disclosure and Transparency Board constitution Board Resolution Partners 69) US companies should make available the information regarding board etc on (c) EDIFAR (b) EDIGAR (c) EDGAR (d) All 70) Disclosure and Transparency enhance (a) Stock market liquidity Financial market liquidity Capital market liquidity Board performance 71. Different kinds of issues in business ethics [A] Systemic and corporate and individual Systemic and and corporate Corporate and individual None of these 72. How many types of ethical issues ---- [c] A)2 B) 4 C) 3 D)5 73. what are the best practices in corporate governance -----------[ C ] A) Corporate board and director & operational management and control B) Reporting disclosing& shareholder democracy &protection of minarity C) A and B D) None of these 74. Corporate governance concerns with coding the balance between --------------- (C) A) Economic and social goals B )individuals and communication goals C)A and B D)None of these 75. The principal stakeholders are they-------------[D] A) Shareholders , management and board of directors B ) Customers, employees, creditors C) Suppliers, regulators D) All of the above 76. Ethics deals with ------------(D) (A) Moral judgment (B) Human conduct (C) Moral behavior (D) All of the above 77. Fulfillment of desires is known as ------- (A) (A) Kama (B) Dharma (C) Moksha (D) Artha 78. ------------- Allows a person to observe transmissions intended for other people (C) (a) Soft ware piracy (b) Hacking (c) Eaves dropping (d) Wire tapping 79. Ethics is said to be a source of ----------------(c) (a) Morals (b) Rule of conduct (c) Both (d) code of practice 80. Naresh Chandra committee is appointed by --------------- (B) (a) IIBI ` (b) SEBI (c) ICC (d) IICI 81. Which of the following is an argument for social responsibility? (D) Being socially responsible gives businesses more power. Business may not have the necessary expertise The government should bear the responsibility Businesses have the financial resources to help society. 82. Today, most companies view social responsibility as (A) Cost of doing business Waste of time Too costly to implement Waste of human resources 83. The social responsibility of a business is to (D) Owners and investors Employee government Employees All the above 84.It is the responsibility of ____________ to create a work environment that helps the company achieve its objectives and fulfill its responsibilities.(D) Employees Individuals Government Managers 85.Code of ethics means {c} Statement of rules Interpretations and illustrations of corporate values and principles

Statement of values and principles which define the purpose of the company Set of prescriptions 86. Which commandments is right in the ten commandments of legal and ethical intelligence given by the Flud and company {b} We should bribe We should not take record the conversations We should lie Shall swap mismanagement 87. In which organized markets the transactions typically takes place {d} Commodity markets Futures or options markets Currency markets All of the above 88. What are levels of Kohlberg's stages of moral development? {d} Pre-Conventional Conventional Post-Conventional All of the above 89. The system of corporate governance has ---------- interest of the company at heart {b} Shorter term Longer term Medium term Irrelevant 90. Group of individuals takes decision in ------------level of decision making process. (b) a).Individual (b) organizational (c) Business level (d) All of the above 91. An Audit committee is formally set up by the ---------------- (a) (A) Board (B) All share holders (C) Employees (D) C.E.O 92. The word ethics is derived from the ------------ the Ethos. (a) (A) Greek (B) French (C) Indian (D) Brittan 93. Who said this Everything belonged to god and was from god , regarding about Indian Ethos and values --------------- (d) (A) J.R.D Tata (B) Y.S.R (C) Nehru (D) Gandhi 94. Utilitarianism in general means----------- (a) (A) Greatest happiness (B) Sadness (C) Survival (D) Social obligations 95. Which is the Centre stage of the Governance systems which is described as one by which companys are directed & governed (C) a) Central Board b) Corporate Board c) State Board d) Company Board 96. Disclosure should include material information, information whose omission (or) misstatement could influence the economic decisions taken by (B) a) Low level Management b) Share Holders c)Customers d)Top Level Management 97.AN action is right if and only if it produces the greatest balance of pleasure over pain for everyone is called as (C) a)Duty Based b)Contract Based c)Utilitarianism d)Character Based 98.Ethical Reasoning consists of the following Methods (D) a)Utilitarian b)Rights c)Justice d)All 99. __________ is the act of deceiving (C) a)Perception b)Adoption c)excessive trading d)Expectation 100. Kohlbergs level of Moral Ethical Decision Making consists of ____ (D) a)Pre-Convention stage b)Conventional Stage C)Post-Conventional Stage d)All 101._____ is a Breach of a fiduciary duty (C) a)Deception b)Suitability c)Churning d)insider trading 102.To prevent Computer Crime which one is suggestible (d) a)Conducting Frequent Audits b)Restrict system use c)Hire Carefully d)All 103. NDMA stand for___________ (A) a) National Disaster Management Association b) Nature Disaster Management Association c) National Data Management Association d) National Domestic Management Association 104. Corporate Social Responsibility consists of _____ phases (c) a) 5 b)6 c)4 d)8