Top 80+ Solved Corporate Governance and Business Ethics MCQ Questions Answer

From 31 to 45 of 100

Q. What is the name of the process in which an employee informs another responsible employeein the company about potentially unethical behavior?

a. Whistle-blowing

b. Purging and releasing

c. Identification

d. Information transfer

  • a. Whistle-blowing

Q. An example of a whistle blower whose actions were a form of internal government whistleblowing is:

a. Sherron Watkins.

b. Coleen Rowley.

c. Cynthia Cooper.

d. Lee Iacocca.

  • b. Coleen Rowley.

Q. One classic example of whistle-blowing is the:

a. Ford Pinto case.

b. Lincoln case.

c. Toyota case.

d. none of the above.

  • a. Ford Pinto case.

Q. A whistle-blower:

a. doesn’t have to be a past or present member of the organization.

b. doesn’t have to report activity that is illegal, immoral, or harmful.

c. is any employer who spreads gossip.

d. far from being disloyal, may be acting in the best interest of the organization.

  • c. is any employer who spreads gossip.

Q. The Sarbanes-Oxley Act:

a. makes it easier to fire whistle blowers.

b. reduces the law’s protection of employees who disclose securities fraud.

c. makes it illegal for executives to retaliate against employees who report possible violations of federal law.

d. provides penalties for blowing the whistle illegitimately or maliciously.

  • d. provides penalties for blowing the whistle illegitimately or maliciously.

Q. Inside traders ordinarily defend their actions by claiming that they don’t injure:

a. their boss.

b. their family.

c. the government.

d. any one.

  • d. any one.

Q. Shareholders have the right to know all except:

a. Information on the management of the corporation

b. Trade secrets

c. The companies financial position

d. The companies general plans for the future.

  • b. Trade secrets

Q. What is meant by the phrase CSR?

a. Corporate Social Responsibility

b. Company Social Responsibility

c. Corporate Society Responsibility

d. Company Society Responsibility

  • a. Corporate Social Responsibility

Q. What is meant by the phrase 'teleological ethics'?

a. Is used to judge is an action is right, fair and honest.

b. An action can only be judged by its consequences

c. Developing the individual personal characteristics

d. The key purpose of ethics is to increase freedom.

  • b. An action can only be judged by its consequences

Q. What, according to Adam Smith, is the best way to promote collective interest?

a. Through government making decisions about what is in the public interest.

b. Through everyone working together to support each other.

c. Through everyone working on their own self interest

d. Through individuals forgoing their personal interest for the good of the collective.

  • c. Through everyone working on their own self interest

Q. Why, according to stakeholder theory, is it in companies' best interests to pay attention to theirstakeholders?

a. If firms only act in their own self-interest employees may feel exploited.

b. If firms only act in their own self-interest government might put more regulation on them.

c. If firms only act in their own self-interest customers might not like the image that the company portray.

d. If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.

  • d. If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.

Q. What is the enlightened self-interest model of CSR?

a. That it is in an organization's own best interest to put itself first rather than its ethics.

b. That it is in an organization's best interest to consider what a shareholder would want.

c. That it is in an organization's own best interest to act in an ethical way.

d. That it is in an organization's own best interest to follow the legislation and abide by the law.

  • c. That it is in an organization's own best interest to act in an ethical way.
Subscribe Now

Get All Updates & News