Top 350+ Solved Fundamentals of Ethics MCQ Questions Answer
Q. Ethics refers to a ________ that guides an individual while dealing with others.
a. code
b. conduct
c. code of conduct
d. rules of conduct
Q. Ethics in compliance means
a. it is about obeying and adhering to rules and authority.
b. it deals with the moral principles behind the operation and regulation of marketing.
c. it deals with the duties of a company to ensure that pr oducts and production processes do not cause harm.
d. None of the above
Q. _________made it important for businesses to have an ethics code, something in writingabout what one ought to do, and what to strive for.
a. The Ethics & Code Conduct Act, 2000
b. The Sarbanes-Ethics of Code Conduct Act, 2001
c. The Sarbanes-Oxley Act, 2002
d. None of the above
Q. Compliance is about obeying and adhering to _______________.
a. rules an authority
b. discipline
c. laws
d. All of the above
Q. An expert who is c onfidentially available to solve the e thical dilemmas is known as______________.
a. Ethic coach
b. Ethics trainer
c. Ethics guide
d. None of the above
Q. Which of the following statements about business ethics is true?
a. It concerns the impact of a business activities on society.
b. It refers to principles and standards that determine acceptable behavior in the world of business.
c. It relates to an individual’s values and moral standards and the resulting business decisions he or she makes.
d. What is ethical is determined by the public, government regulators, interest groups, competitors and individual’s personal moral values.
Q. Top managers demonstrate commitment to ethical business practices with
a. the adoption of written codes of ethics.
b. employee empowerment.
c. decentralized decision making practices.
d. collusion with other companies.
Q. Feature that is NOT present in business ethics are—
a. It has universal application.
b. It is absolute in nature.
c. It depends from business to business.
d. It cannot be enforced by law.
Q. In setting ethical standards, perhaps the most effective step that a company can take is to
a. adopt a code of ethics.
b. demonstrate top management support of ethical standards.
c. engage employees in ethics training.
d. take an accommodative stance.
Q. Following is not a professional characteristic:
a. Competition (Undercutting)
b. Competency
c. Character
d. Compensation
Q. Ethics has become important because of
a. Globalization
b. Communication explosion
c. Both (A) and (B)
d. None of the above
Q. The idea of business ethics caught the attention of academics, media and business firms bythe end of the _______________ .
a. First World War
b. Second World War
c. Cold War
d. None of the above
Q. Which of the following is not a ‘Code of conduct’ ?
a. Code of ethics
b. Code of practices
c. Code of behaviour
d. Code of management
Q. Ethical executives abide by _______________ relating to their business activities.
a. laws
b. rules
c. laws, rules and regulations
d. None of the above
Q. ________________ is a set of principles and expectations that are considered binding on anyperson who is member of a particular group.
a. Code of conduct
b. Code of ethics
c. Code of practice
d. Any of the above