Top 250+ Solved Business Ethics and Corporate Social Responsibility (BECSR) MCQ Questions Answer
Q. Which statement represents a challenge to Evan's and Freedman's defense of the stockholder theory against the classical model of corporate social responsibility?
a. The law now recognizes a wide range of managerial obligations to such stakeholders as consumers, employees, competitors, the environment, the disabled.
b. Courts and legislatures have recognized that the rights and interests of various constituencies affected by corporate decisions limit managers' fiduciary responsibility.
c. Stakeholder theory cannot ANSWER the question as to how, exactly, a manager should go about balancing the diverse and competing claims of all parties.
d. There is no guarantee that when managers produce profits they will serve the interests of either stockholders or the public.
Q. Which of the following statements is decisive in determining whether or not to study business ethics?
a. Business managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers.
b. Business and ethics simply don’t mix. In the final analysis, self-interest represented by profit overrides the interests of employees, customers, and communities. Opinion and sentiment get in the way of efficient business decision-making.
c. Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that decisions of right and wrong may be made deliberately. and conscientiously
d. The
Q. Identify the statement that is consistent with utilitarian ethical theory:
a. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences.
b. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.
c. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them.
d. The end never justifies the me
Q. Which statements are legitimate challenges to utilitarian ethical theory?
a. The end may justify the means.
b. There is no consensus among utilitarians on how to measure and determine the overall good.
c. It is difficult for the utilitarian to find a balance between individual freedom and the overall goo
d. The more utilitari
Q. Which of the following statements best describes ethics?
a. Ethics considers how someone chooses among alternative courses of action.
b. Ethics is about values and principles.
c. Ethics is concerned with how a person chooses between right and wrong.
d. Each of the above covers part of the definition.
Q. Which one of the following is not a feature of moral standard?
a. Prohibit
b. Value
c. Condemn
d. All the above
Q. The main purpose of business ethics is to understand
a. Ethical uncertainties
b. Principles and concepts
c. Application of practices
d. All of the above
Q. Ethical universalism is defined as
a. there being no universal set of ethical standards
b. giving preference to one's own ethical values
c. a set of universally accepted and valid ethical standards
d. what is right is synonymous with what is legal
Q. The goal of corporate governance and business ethics education is to:
a. Teach students their professional accountability and to uphold their personal Integrity to society.
b. Change the way in which ethics is taught to students.
c. Create more ethics standards by which corporate professionals must operate.
d. Increase the workload for accounting students.
Q. An organization’s appropriate tone at the top promoting ethical conduct is an example of:
a. Ethics sensitivity.
b. Ethics incentives.
c. Ethical behavior.
d. Consequentialist
Q. An independent director is one who:
a. Did not attend a school supported by the company.
b. Does not have outside relationships with other directors.
c. Does not have any other relationships with the company other than his or her directorship.
d. All of the above.
Q. Business ethics deals primarily with
a. Social responsibility.
b. the pricing of products and services.
c. moral obligation.
d. being unfair to the competition
Q. Ethics are important because
a. suppliers prefer to deal with ethical companies.
b. customers prefer to deal with ethical companies.
c. employees prefer to deal with ethical companies.
d. all of the choices.
Q. Benefits derived from social responsibility include;
a. enhanced organizational efficiency
b. producing better products
c. attracting people who want to work for the firm
d. both A & C