McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 1. |
Which of the following reasons might a free market economic theorist use to justify the hostile takeover of a company? |
| A. | The takeover target company's stock is undervalued. That is evidence that the resources are being inefficiently used. |
| B. | If current management is not maximizing profits, it is violating the utilitarian imperative to maximize the overall good. |
| C. | The organization seeking to take over the target company will maximize profits for the stockholders and will be serving the public's interests because it is only by satisfying consumer (public) demand that a business can make profits. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 2. |
Which statement does not support the claim that an unconditioned ethical directive such as the one the classical model of corporate social responsibility demands of business management is inappropriate for utilitarian theory? |
| A. | Markets can work to prevent harm only by first-hand experience with harms that have to occur before they can be remedied. |
| B. | It is claimed that once market failures are adequately addressed by the government, business just needs to obey the law that addressed them. Business, however, has the ability to inappropriately influence government policy and the law. |
| C. | Business has the ability to influence consumers' desires by helping shape those desires through advertising. |
| D. | A more precise formulation of a utilitarian- based principle would be to maximize profit whenever doing so produces the greatest good for the greatest number, with the proviso that managers must consider the impact a decision will have in many ways other than merely financial. |
| Answer» D. A more precise formulation of a utilitarian- based principle would be to maximize profit whenever doing so produces the greatest good for the greatest number, with the proviso that managers must consider the impact a decision will have in many ways other than merely financial. | |
| 3. |
Which statement does not challenge the notion of a hypothetical social contract between society and corporations? |
| A. | If the social contract presupposes an amoral beginning, it seems to offer few guarantees that certain fundamental ethical rights will be protected under the contract. |
| B. | Micro-social contracts can be developed within particular local communities that establish the specific ethical rights and responsibilities within that community as long as they fit within the general limitations of the hyper norms governing any and all social contracts. |
| C. | It is difficult to specify exactly what responsibilities will be drawn from this hypothetical contract. |
| D. | If the theory already begins with certain fundamental rights and responsibilities, then the social contract may be irrelevant to providing an ethical justification for business' responsibilities. |
| Answer» B. Micro-social contracts can be developed within particular local communities that establish the specific ethical rights and responsibilities within that community as long as they fit within the general limitations of the hyper norms governing any and all social contracts. | |
| 4. |
Which statement represents a challenge to Evan's and Freedman's defense of the stockholder theory against the classical model of corporate social responsibility? |
| A. | The law now recognizes a wide range of managerial obligations to such stakeholders as consumers, employees, competitors, the environment, the disabled. |
| B. | Courts and legislatures have recognized that the rights and interests of various constituencies affected by corporate decisions limit managers' fiduciary responsibility. |
| C. | Stakeholder theory cannot ANSWER the question as to how, exactly, a manager should go about balancing the diverse and competing claims of all parties. |
| D. | There is no guarantee that when managers produce profits, they will serve the interests of either stockholders or the public. |
| Answer» C. Stakeholder theory cannot ANSWER the question as to how, exactly, a manager should go about balancing the diverse and competing claims of all parties. | |
| 5. |
Which of the following statements is decisive in determining whether or not to study business ethics? |
| A. | Business managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers. |
| B. | Business and ethics simply don’t mix. In the final analysis, self-interest represented by profit overrides the interests of employees, customers, and communities. Opinion and sentiment get in the way of efficient business decision-making. |
| C. | Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that decisions of right and wrong may be made deliberately. and conscientiously |
| D. | The |
| Answer» C. Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that decisions of right and wrong may be made deliberately. and conscientiously | |
| 6. |
Identify the statement that is consistent with utilitarian ethical theory: |
| A. | Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. |
| B. | No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. |
| C. | Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them. |
| D. | The end never justifies the means. |
| Answer» B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. | |
| 7. |
Which statements are legitimate challenges to utilitarian ethical theory? |
| A. | The end may justify the means. |
| B. | There is no consensus among utilitarians on how to measure and determine the overall good. |
| C. | It is difficult to know how to consider the consequences for all the parties that will be affected by an act. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 8. |
How can you describe the thinking and outlook of transformational leaders? |
| A. | Strategic |
| B. | Operational |
| C. | Functional |
| D. | Developmental |
| Answer» D. Developmental | |
| 9. |
The biggest challenge in planning for change is: |
| A. | Who will be affected by the change? |
| B. | Anticipating its unintended, unexpected outcomes |
| C. | Deciding who should implement the change |
| D. | Communicating why the change is needed |
| Answer» B. Anticipating its unintended, unexpected outcomes | |
| 10. |
What does situational theory of leadership emphasis |
| A. | Personal Traits |
| B. | Events |
| C. | Environment |
| D. | Political Situation |
| Answer» B. Events | |
| 11. |
What are the key characteristics of transactional leaders? |
| A. | Guiding, mentoring and motivating |
| B. | Guiding, commanding and motivating |
| C. | Guiding, demonstrating and motivating |
| D. | Guiding, mentoring and demonstrating |
| Answer» C. Guiding, demonstrating and motivating | |
| 12. |
Strategic planning in service organizations is all about: |
| A. | Where the organization is heading |
| B. | Where the organization should be heading. |
| C. | How the organization needs to change in order to be more effective |
| D. | What the organization intends to accomplish for the community |
| Answer» C. How the organization needs to change in order to be more effective | |
| 13. |
The organization will never be able to make the necessary changes without |
| A. | Top management commitment |
| B. | Employees |
| C. | Workers |
| D. | None of the mentioned |
| Answer» A. Top management commitment | |
| 14. |
Locus of control is |
| A. | A feeling |
| B. | Attitude |
| C. | Attribute |
| D. | None of the above |
| Answer» C. Attribute | |
| 15. |
Personal characteristics to be a successful entrepreneur includes |
| A. | Understanding environment |
| B. | Creating management options |
| C. | Encourage open discussion |
| D. | All of the above |
| Answer» D. All of the above | |
| 16. |
A set of reasons for engaging in a particular behavior, especially human behavior is known as: |
| A. | Values |
| B. | Vision |
| C. | Entrepreneurship |
| D. | Motivation |
| Answer» D. Motivation | |
| 17. |
It all depends on the variables of a situation" best describes the |
| A. | Classical approach |
| B. | Human relations approach |
| C. | Systems approach |
| D. | Contingency approach |
| Answer» D. Contingency approach | |
| 18. |
We wish to be good citizens of every community in which we operate." This is |
| A. | Ethical Code |
| B. | Political and Social Code |
| C. | Legal Rule |
| D. | Legal Act |
| Answer» A. Ethical Code | |
| 19. |
If you believe in making decisions for the good of most people, you can be described as following which school of thought? |
| A. | Utilitarianism |
| B. | Teleology |
| C. | Deontology |
| D. | Egoism |
| Answer» A. Utilitarianism | |
| 20. |
Which statement is/are true? |
| A. | Ethics is not synonymous to religious morality or moral theology |
| B. | Ethics is the principle that guide the human behaviour |
| C. | The terms 'ethics' and 'morality' are not synonymous terms |
| D. | All of the above |
| Answer» D. All of the above | |
| 21. |
Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of |
| A. | Statutory devices |
| B. | Social tool |
| C. | Cost tool and Techniques |
| D. | Science tool |
| Answer» A. Statutory devices | |
| 22. |
Which statement is true? |
| A. | Skills are not enduring due to fatigue |
| B. | The final proof of sincerity and seriousness is uncompromising emphasis on integrity of character in a job |
| C. | The mental contents of the good person are called moral and ethical values |
| D. | All of the above |
| Answer» D. All of the above | |
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