Top 150+ Solved Managing for Sustainability MCQ Questions Answer
Q. An organisation's obligation to act to protect and improve society's welfare as well asits own interests is referred to as
a. organisational social responsibility
b. organisational social responsiveness
c. corporate obligation
d. business ethics
Q. The view that business exists at society's pleasure and businesses should meet public expectations of social responsibility is the
a. iron law of responsibility argument
b. enlightened self-interest argument
c. capacity argument
d. anti-freeloader argument
Q. Managerial ethics can be characterised by all of the following levels except
a. immoral management
b. amoral management
c. demoral management
d. moral management
Q. Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?
a. Openness
b. Integrity
c. Accountability
d. acceptability
Q. External audit of the accounts of a limited company is required
a. because it is demanded by the company’s bankers
b. by the Companies Act 2006
c. at the discretion of the shareholders
d. to detect fraud
Q. Directors’ responsibilities are unlikely to include.
a. a fiduciary duty
b. a duty to keep proper accounting records
c. a duty to propose high dividends for shareholders
d. a duty of care
Q. A company may become insolvent if it
a. has negative working capital
b. cannot meet its budgeted level of profit
c. makes a loss
d. cannot pay creditors in full after realisation of its assets
Q. A director of a limited company may not be liable for wrongful trading if he or she
a. took every step to minimise the potential loss to creditors
b. increased the valuation of its inventories to cover any potential shortfall
c. introduced into the balance sheet an asset based on a valuation of its brands sufficient to meet any shortfall
d. brought in some expected sales from next year into the current year
Q. Fraudulent trading may be
a. a civil offence committed by any employee
b. a criminal offence committed only by directors of a limited company
c. a civil and a criminal offence committed only by directors of a limited company
d. a civil and a criminal offence committed by any employee
Q. Disqualification of directors may result from breaches under the
a. Sale of Goods Act 1979
b. Financial Services Act 1986
c. Companies Act 2006 and Insolvency Act 1986
d. Health and Safety at Work Act 1974
Q. Directors may not be disqualified for
a. continuing to trade when the company is insolvent
b. persistent breaches of company legislation
c. paying inadequate attention to the company finances
d. being convicted of drunken driving
Q. Which of the following actions will not help directors to protect themselves from noncompliance with their obligations and responsibilities?
a. keeping themselves fully informed about company affairs
b. ensuring that regular management accounts are prepared by the company
c. seeking professional help
d. including a disclaimer clause in their service contracts
Q. Co-ording to Cadbury (2002), corporate governance is an issue of power and:
a. Rights
b. Accountability
c. Profit
d. Appropriability
Q. The OECD argues that corporate governance problems arise because:
a. Ownership and control is separated
b. Managers always act in their own self interest
c. Profit maximization is the main objective of organizations
d. Stakeholders have differing levels of power
Q. The Institute of Chartered Accountants in England and Wales considers argue that one particular stakeholder group should have primacy over all other groups. Which stakeholder group are they referring to?
a. Customers
b. Managers
c. Shareholders
d. Society