Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. By an amendment Act of 1987 in Factories act 1947, who is to be appointed as an occupier?
a. Manager
b. General Manager
c. Human resource Manager
d. Board of directors
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. European business schools adopted business ethics after……….commencing with the European BusinessEthics Network (EBEN) in………when the first single-authored books in the field appeared.
a. 1987,1982
b. 1980,1982
c. 1982,1980
d. 1977, 1984
Q. Ethics is a set of………of human conduct that govern the behaviour of individuals or organizations.
a. Principles
b. Standards
c. Principles or standards
d. None of the above
Q. ………….is a set of principles and expectations that are considered binding on any person who is member of a particular group.
a. Code of conduct
b. Code of ethics
c. Code of practice
d. Any of the above
Q. .................made it important for businesses to have an ethics code, something in writing about what oneought 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 above
Q. The Sarbanes-Oxley Act of 2002 made it important for businesses to have an - ………….
a. Ethics code
b. Code of conduct ; )
c. Code of practice
d. Business ethics
Q. Business Ethics is a code of conduct which society should follow while conducting their social activities.
a. True
b. False
c. Partly true
d. None of above
Q. Business ethics has a…………….application.
a. Natural
b. Practical
c. Universal
d. None of the above
Q. Which of the following Act made code of ethics mandatory for all organizations?
a. The Companies Act, 1956
b. The Sarbanes-Oxley Act, 2002
c. The Partnership Act, 1932
d. None of the above
Q. Which of the following is a feature of business ethics?
a. Business Ethics has a universal application
b. It is a relative norm. It differs from business to business.
c. Business Ethics is based on well accepted moral and social values
d. All the above
Q. Which of the following is a feature of business ethics?
a. Business ethics is based on well accepted moral and social values
b. Practice of business ethics gives protection to customers and other social groups related to a firm
c. Business ethics provide the legal, social, moral, economical and cultural limits within which I business has to be conducted
d. All the above
Q. ……………..is about obeying and adhering to rule and authority.
a. Ethics
b. Code
c. Conduct
d. Compliance
Q. The ethical issues in finance that companies and employees are confronted with include:
a. Fraudulent asset valuations
b. Insider trading
c. Over billing of expenses
d. All the above