Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. Fraudulent asset valuations, insider trading, securities fraud leading to manipulation of thefinancial markets and executive compensation etc are a part of scope in ……………
a. Production
b. Compliance
c. Finance
d. HR
Q. State as to why a business should behave ethically?
a. To unprotect its own interest and of the business community as a whole
b. To keep its commitment to society to act ethically
c. To not meet stakeholder expectations
d. To build distrust with key stakeholder groups
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 products and production processes do not cause harm
d. None of the above
Q. Ethics has become the buzzword in the corporate world because of
a. Globalization
b. Communication explosion
c. Exploitation
d. Both (a) and (b)
Q. Companies which are responsive to employees' needs have………….
a. Profits
b. Lower turnover in staff
c. Staff Satisfaction
d. Strikes
Q. A business should have which kind of an approach?
a. Profit earning
b. Social responsibility
c. Both (a) and (b)
d. Either (a) and (b)
Q. Which functional area in business ethics is about obeying and adhering to rules and authority?
a. Ethics in compliance
b. Ethics in finance
c. Ethics in production
d. None of the above
Q. Which of the following is an unethical business practice?
a. Collusion
b. False Communication
c. Insider Trading
d. All the above
Q. Which of the following is not a 'code of conduct'?
a. Code of ethics
b. Code of practices
c. Code of behavior
d. Code of management
Q. They are concerned about ethics, social responsibility and reputation of the company in whichthey invest -
a. Employees
b. Employers
c. Investors
d. Student
Q. Administrative corruption includes "gifts" to the …………
a. Factory inspector
b. Boiler inspector
c. Pollution control board inspectors
d. All 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. Business Ethics is a code of conduct which businessmen should follow while conducting their………….
a. Normal activities
b. Special activities
c. Specific activities
d. None of the above
Q. Corporate entities are legally considered as persons in ……….
a. USA
b. Japan
c. China
d. None of the above
Q. The idea of business ethics caught the attention of academics, media and business firms by theend of the……………………..
a. First world war
b. Second world war
c. Cold war
d. None of the above