McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting .
| 901. |
Section ………of the factories Act discusses about the nomination of the manager of a factory. |
| A. | Section 7 (e) |
| B. | Section 7 (f) |
| C. | Section 7 (g) |
| D. | Section 7 (d) |
| Answer» B. Section 7 (f) | |
| 902. |
If an employee alleges that he was working for the employer and the employer denies it, who has to prove this fact? |
| A. | Employer |
| B. | Employee |
| C. | Authority |
| D. | Employer and authority |
| Answer» B. Employee | |
| 903. |
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 |
| Answer» D. Board of directors | |
| 904. |
The term ‗business ethics‘ came into common use in year ………. |
| A. | 1950 |
| B. | 1960 |
| C. | 1970 |
| D. | 1980 |
| Answer» C. 1970 | |
| 905. |
Ethics refers to a ……….that guides an individual while dealing with others. |
| A. | Code |
| B. | Conduct |
| C. | Code of conduct |
| D. | Rules of conduct |
| Answer» C. Code of conduct | |
| 906. |
The society for Business Ethics was started in ………. |
| A. | 1950 |
| B. | 1960 |
| C. | 1970 |
| D. | 1980 |
| Answer» D. 1980 | |
| 907. |
European business schools adopted business ethics after……….commencing with the European Business Ethics 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 |
| Answer» A. 1987,1982 | |
| 908. |
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 |
| Answer» C. Principles or standards | |
| 909. |
………….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 |
| Answer» A. Code of conduct | |
| 910. |
.................made it important for businesses to have an ethics code, something in writing about 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 above |
| Answer» C. The Sarbanes-Oxley Act, 2002 | |
| 911. |
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 |
| Answer» A. Ethics code | |
| 912. |
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 |
| Answer» A. True | |
| 913. |
Business ethics has a…………….application. |
| A. | Natural |
| B. | Practical |
| C. | Universal |
| D. | None of the above |
| Answer» C. Universal | |
| 914. |
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 |
| Answer» B. The Sarbanes-Oxley Act, 2002 | |
| 915. |
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 |
| Answer» D. All the above | |
| 916. |
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 |
| Answer» D. All the above | |
| 917. |
……………..is about obeying and adhering to rule and authority. |
| A. | Ethics |
| B. | Code |
| C. | Conduct |
| D. | Compliance |
| Answer» D. Compliance | |
| 918. |
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 |
| Answer» D. All the above | |
| 919. |
The issues of ethics faced by HRM include: …………………. |
| A. | Facilitation payments |
| B. | Securities fraud leading to manipulation of the financial markets |
| C. | discrimination issues |
| D. | All of above |
| Answer» C. discrimination issues | |
| 920. |
Reasons why business should act ethically ………… |
| A. | To protect its own interest and of the business community as a whole. |
| B. | To increase its profitability |
| C. | To minimize loses |
| D. | All of above |
| Answer» A. To protect its own interest and of the business community as a whole. | |
| 921. |
Reasons why business should act ethically ………… |
| A. | To keep its commitment to society to act ethically |
| B. | To meet stakeholder expectations |
| C. | To protect their employees and their reputation |
| D. | All of above |
| Answer» D. All of above | |
| 922. |
Which of the following reason is/are applicable for unethical business practices? |
| A. | Well organized consumer movement |
| B. | Commitment to society |
| C. | Greed for quick money |
| D. | All of above |
| Answer» C. Greed for quick money | |
| 923. |
Which of the following reason is / are applicable for unethical business practices? |
| A. | Workplace surveillance |
| B. | Administrative corruption |
| C. | Profit making by some of the big companies |
| D. | All of above |
| Answer» B. Administrative corruption | |
| 924. |
Which of the following reason is / are applicable for unethical business practices? |
| A. | Absence of well organized consumer movement |
| B. | No government support |
| C. | Greed for quick money |
| D. | All of above |
| Answer» D. All of above | |
| 925. |
Measures to improve ethical behaviour of business are framed at which level - |
| A. | Institutional level |
| B. | Government level |
| C. | Societal level |
| D. | All of the above |
| Answer» D. All of the above | |
| 926. |
Government has placed certain awards like Indira Gandhi Paryavaran Puruskar; the Indira Gandhi Priyadarshini Award for those individuals who carry on ……. in India. |
| A. | Profitable business |
| B. | Ethical business |
| C. | Good corporate governance |
| D. | All of above |
| Answer» B. Ethical business | |
| 927. |
Which of the following is not a reason for business to act ethically? |
| A. | To protect its own interest and of the business community as a whole |
| B. | To meet stakeholder expectations |
| C. | To build trust with key stakeholder groups |
| D. | To not protect their employees and their reputation |
| Answer» D. To not protect their employees and their reputation | |
| 928. |
Ethical executives abide by ………. relating to their business activities. |
| A. | Laws |
| B. | Rules |
| C. | Laws, rules and regulations |
| D. | None of above |
| Answer» C. Laws, rules and regulations | |
| 929. |
Which of the following is not a dimension of Corporate Social Responsibility? |
| A. | Economic |
| B. | Legal |
| C. | Voluntary |
| D. | Emotional |
| Answer» D. Emotional | |
| 930. |
Fraudulent asset valuations, insider trading, securities fraud leading to manipulation of the financial markets and executive compensation etc are a part of scope in …………… |
| A. | Production |
| B. | Compliance |
| C. | Finance |
| D. | HR |
| Answer» C. Finance | |
| 931. |
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 |
| Answer» B. To keep its commitment to society to act ethically | |
| 932. |
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 |
| Answer» A. It is about obeying and adhering to rules and authority | |
| 933. |
Ethics has become the buzzword in the corporate world because of |
| A. | Globalization |
| B. | Communication explosion |
| C. | Exploitation |
| D. | Both (a) and (b) |
| Answer» D. Both (a) and (b) | |
| 934. |
Companies which are responsive to employees' needs have…………. |
| A. | Profits |
| B. | Lower turnover in staff |
| C. | Staff Satisfaction |
| D. | Strikes |
| Answer» B. Lower turnover in staff | |
| 935. |
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) |
| Answer» C. Both (a) and (b) | |
| 936. |
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 |
| Answer» A. Ethics in compliance | |
| 937. |
Which of the following is an unethical business practice? |
| A. | Collusion |
| B. | False Communication |
| C. | Insider Trading |
| D. | All the above |
| Answer» D. All the above | |
| 938. |
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 |
| Answer» D. Code of management | |
| 939. |
They are concerned about ethics, social responsibility and reputation of the company in which they invest - |
| A. | Employees |
| B. | Employers |
| C. | Investors |
| D. | Student |
| Answer» C. Investors | |
| 940. |
Administrative corruption includes "gifts" to the ………… |
| A. | Factory inspector |
| B. | Boiler inspector |
| C. | Pollution control board inspectors |
| D. | All of the above |
| Answer» D. All of the above | |
| 941. |
Compliance is about obeying and adhering to .……….. |
| A. | Rules an authority |
| B. | Discipline |
| C. | Laws |
| D. | All of the above |
| Answer» A. Rules an authority | |
| 942. |
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 |
| Answer» A. Normal activities | |
| 943. |
Corporate entities are legally considered as persons in ………. |
| A. | USA |
| B. | Japan |
| C. | China |
| D. | None of the above |
| Answer» A. USA | |
| 944. |
The idea of business ethics caught the attention of academics, media and business firms by the end of the…………………….. |
| A. | First world war |
| B. | Second world war |
| C. | Cold war |
| D. | None of the above |
| Answer» C. Cold war | |
| 945. |
Business ethics is based on well accepted ............. |
| A. | Moral and social values |
| B. | Social values only |
| C. | Moral values only |
| D. | None of the above |
| Answer» A. Moral and social values | |
| 946. |
An expert who is confidentially available to solve the ethical dilemmas is known as…… |
| A. | Ethic coach |
| B. | Ethics trainer |
| C. | Ethics guide |
| D. | None of the above |
| Answer» A. Ethic coach | |
| 947. |
A set of principles and expectations that are considered binding on any person who is member of a particular group is known as - |
| A. | Code of ethics |
| B. | Values |
| C. | Ethics |
| D. | None of the above |
| Answer» A. Code of ethics | |
| 948. |
Business ethics has a...........................application |
| A. | Universal |
| B. | Natural |
| C. | Practical |
| D. | None of the above |
| Answer» A. Universal | |
| 949. |
The term 'business ethics' came into common use in year………… |
| A. | 1680 |
| B. | 1780 |
| C. | 1980 |
| D. | 1970 |
| Answer» D. 1970 | |
| 950. |
The process where a person informs on another or makes public disclosure of corruption or wrongdoing- |
| A. | Endeavour |
| B. | Whistle blowing |
| C. | Dilemmas |
| D. | Veteran |
| Answer» B. Whistle blowing | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.