Top 250+ Solved Business Ethics and Corporate Social Responsibility (BECSR) MCQ Questions Answer
Q. Under the _____________, both internal and external corporate governance mechanisms are intended to induce managerial actions that maximize profit and shareholder value.
a. Shareholder theory.
b. Agency theory.
c. Stakeholder theory.
d. Corporate governance theory
Q. Which of the following statements is false about responsibilities of a consumer:
a. Consumer must follow the instructions and use the product safety.
b. Consumer must ask for cash memo i.e proof of purchase
c. Consumer must file a complaint in a consumer court even if the amount of loss is small.
d. A consumer must encourage unethical practices like black marketing, hoarding etc.
Q. The ethical roots of the classical model of corporate social responsibility are foundin which of the following statement?
a. The idea that the interests of stakeholders are as important as the interests of a corporation's stockholders.
b. The ethical imperative to cause no harm.
c. The free market theory which holds that managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society
d. The ethical imperative to prevent harm
Q. In case an aggrieved consumer is not satisfied with the decision of the National commission, he can make a further appeal in......................
a. State commission
b. District Forum
c. Supreme Court of India
d. All the above
Q. Which of he following is a standardised approach to Corporate SustainabilityReporting?
a. GRI
b. Universal Declaration of Human Rights
c. UNHCR Global Pact
d. UN Global Compact
Q. 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 responsibilities
c. ethical responsibilities; legal responsibilities; economic responsibilities
d. occupational safety; legal responsibilities; economic responsibilities
Q. Who can make regulations under Consumer Protection Act related with the provisions of this act with the prior approval of Central Govt.
a. Central Consumer Protection Council
b. Ministry of Affairs
c. Supreme Court of India
d. National Consumer Dispute Redressal Commission
Q. The Consumer Protection Act provides relief to customers such as replacement of product, removal of defect in the product, compensation for any loss or injury suffered by the consumer. Which consumer right has been highlighted in this statement.
a. Right to Safety
b. Right to Seek Redressal
c. Right to be informed
d. Right to consumer education
Q. Which of the following statement is False?
a. Any business takes inputs from industry, does its processing and provides the outputs to the same society.
b. Any business takes inputs from society, does its processing and provides the outputs to the same society.
c. Corporate social responsibility activities and programmes are now quite an integral part of organisational objectives.
d. Social responsibilities refer to business man’s decisions and actions taken for reasons at least partially beyond the firm’s direct economic or technical interest.
Q. The ___________ should get full information about long-term plans, budgets, competitive developments, quarterly results, etc.
a. board of directors
b. shareholders
c. customers
d. government
Q. What best describes CSR?
a. The duty of care a corporation has towards its employees and customers.
b. A Corporation's requirement to make as much as profit possible
c. A Corporation's obligation to society that goes the requirements of law economics to take into account the social and environmental impact of its decisions.
d. A Corporation's obligation to consider the impact of its decisions on the environment.
Q. ------ may be defined as the enhancement of long-term shareholders while at the same time protecting the interests of other stakeholders.
a. Business ethics
b. CSR
c. Cultural relativism
d. Corporate governance
Q. Who is not a consumer under consumer Protection Act?
a. Any person who buys any goods for a consideration
b. Any person who buys goods and uses them exclusively for the purpose of earning his livelihood by means of self employment.
c. Any person who avails services with the approval of hirer
d. Any person who obtains goods for resale or commercial purposes.
Q. From the point of view of business which one of the following is a reason becauseof which consumer protection is important?
a. Dynamic Environment
b. Fast Technological Development
c. Government intervention
d. Competitive Marke
Q. Which of the following statements does not represent a market failure, i.e., a situation in which the pursuit of profit will not result in a net increase in consumer satisfaction?
a. The costs of pollution, groundwater contamination and depletion, soil erosion and nuclear waste disposal are borne by parties external to the economic exchange between buyer and seller.
b. Where there is no mechanism for pricing, for setting a value on, public goods, there is no guarantee that the markets result in the optimal satisfaction of the public interest in regard to public goods.
c. Situations in which externalities have been internalized result in an equilibrium in the exchange price between true costs and benefits.
d. The pursuit of individual self-interest results in a worse outcome than would have occurred had the behavior of the parties involved in the economic exchange been coordinated through cooperation or regulation rather than mere competition.