Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
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. If a company has ethics than it gets back from the employees
a. Time
b. Skill & energy
c. Return out of money
d. Both (a) & (b)
Q. Pick the odd one. It is UNCOMMON for business to behave ethically because
a. It has to meet stock holder expectations
b. It has to ignore their employees relations
c. To build trust with shareholders
d. All of the above
Q. It is not UNCOMMON for a business to behave ethically because
a. It has to protect its own interest
b. It has to keep its commitment
c. It has to protect the interest of employees
d. All of the above
Q. For stopping the unethical practices at society level ……… practice should be followed
a. Establishment of consumer associations
b. Consumer awareness programs to be stated
c. Publish journals on social issues
d. All of the above
Q. Corporate codes of ethics:
a. Are always externally audited
b. Create guidelines for employees to work by
c. Are always compliance based
d. Are always integrity based
Q. The communication of an acceptance is com plete as against the acceptor
a. When it is posted by him
b. When it is put in the course of transmission
c. When it comes to the knowledge of the proposer
d. None of these
Q. If the communication is made by an unauthorised person, it does not result in a/an
a. Contract
b. Agreement
c. Offer
d. Consideration
Q. Which section, of Indian Contract Act defines "performance of the conditions of a proposal is an acceptance of the proposal"?
a. Section 6
b. Section 7
c. Section 8
d. Section 9
Q. Various modes of revocation of offer have been described in
a. Section 4
b. Section 5
c. Section 6
d. Section 9
Q. Which section of Law of Contract defines, "A proposal may be revoked at anytime, before thecommunication of its acceptance is complete as against the proposer, but not afterwards."
a. Section 5
b. Section 4
c. Section 6
d. Section 7
Q. According to Indian Contract Act, a promise is
a. A communication of intention to do something
b. A proposal which has been accepted
c. A gentleman's word to do something
d. A statement on oath
Q. When parties enter into a contract on telephone the contract becomes complete at the place whereacceptance is heard by the proposer. This has been provided
a. In no section of Indian Contract Act but so decided by the Supreme Court
b. In section - 2
c. In section – 3
d. In section – 4
Q. An advertisement inviting tender is
a. An invitation for negotiations
b. A proposal
c. An invitation for proposal
d. A promise
Q. Goods displayed in a shop window with a price label will amount to
a. Offer
b. Invitation to offer
c. Acceptance of offer
d. None of these