McqMate
| 1. |
Trade between two countries can be useful if cost ratios of goods are: |
| A. | Undetermined |
| B. | Decreasing |
| C. | Equal |
| D. | Different |
| Answer» D. Different | |
| 2. |
The term Euro Currency market refers to |
| A. | The international foreign exchange market |
| B. | The market where the borrowing and lending of currencies take place outside the country of issue |
| C. | The countries which have adopted Euro as their currency |
| D. | The market in which Euro is exchanged for other currencies |
| Answer» B. The market where the borrowing and lending of currencies take place outside the country of issue | |
| 3. |
Which of the following theories suggests that firms seek to penetrate new markets over time? |
| A. | Imperfect Market Theory |
| B. | Product cycle theory |
| C. | Theory of Comparative Advantage |
| D. | None of the above |
| Answer» B. Product cycle theory | |
| 4. |
Dumping refers to: |
| A. | Reducing tariffs |
| B. | Sale of goods abroad at low a price, below their cost and price in home market |
| C. | Buying goods at low prices abroad and selling at higher prices locally |
| D. | Expensive goods selling for low prices |
| Answer» B. Sale of goods abroad at low a price, below their cost and price in home market | |
| 5. |
International trade and domestic trade differ because of: |
| A. | Different government policies |
| B. | Immobility of factors |
| C. | Trade restrictions |
| D. | All of the above |
| Answer» D. All of the above | |
| 6. |
The margin for a currency future should be maintained with the clearing house by |
| A. | The seller |
| B. | The buyer |
| C. | Either the buyer or the seller as per the agreement between them |
| D. | Both the buyer and the seller |
| Answer» D. Both the buyer and the seller | |
| 7. |
The following statement with respect to currency option is wrong |
| A. | Foreign currency- Rupee option is available in India |
| B. | An American option can be executed on any day during its currency |
| C. | Put option gives the buyer the right to sell the foreign currency |
| D. | Call option will be used by exporters |
| Answer» D. Call option will be used by exporters | |
| 8. |
Govt. policy about exports and imports is called: |
| A. | Commercial policy |
| B. | Fiscal policy |
| C. | Monetary policy |
| D. | Finance policy |
| Answer» A. Commercial policy | |
| 9. |
Which of the following is international trade: |
| A. | Trade between countries |
| B. | Trade between regions |
| C. | Trade between provinces |
| D. | Both (b) and (c) |
| Answer» A. Trade between countries | |
| 10. |
Market in which currencies buy and sell and their prices settle on is called the |
| A. | International bond market |
| B. | International capital market |
| C. | Foreign exchange market |
| D. | Eurocurrency market |
| Answer» C. Foreign exchange market | |
| 11. |
___ Companies are registered in one country, doing business in others. |
| A. | Transnational |
| B. | Multinational |
| C. | Off-shore |
| D. | International |
| Answer» C. Off-shore | |
| 12. |
The difference between interest rates in Russia and Switzerland stands for about ___ per annum. |
| A. | 10% |
| B. | 5% |
| C. | 28% |
| D. | 40% |
| Answer» B. 5% | |
| 13. |
It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures. |
| A. | Universal Culture |
| B. | Global culture |
| C. | Organizational culture |
| D. | All of the above |
| Answer» A. Universal Culture | |
| 14. |
___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness. |
| A. | Fitness for use |
| B. | High fit |
| C. | Fit and Fine |
| D. | Substitution |
| Answer» B. High fit | |
| 15. |
Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___. |
| A. | Culture |
| B. | Cultural Change |
| C. | Multi-Level analysis |
| D. | Both a and b |
| Answer» D. Both a and b | |
| 16. |
State whether it is true or not: “Around the World, wherever you are, get what you want-fast from our family of Web sites.” |
| A. | False |
| B. | True |
| C. | Incomplete |
| D. | Cannot say |
| Answer» B. True | |
| 17. |
___ has become a world-leading marketer of toys. |
| A. | California |
| B. | UAE |
| C. | Japan |
| D. | China |
| Answer» A. California | |
| 18. |
The main benefits for industrial countries would come from the liberalization of their ___ market. |
| A. | Mine |
| B. | Agriculture |
| C. | Domestic |
| D. | National |
| Answer» B. Agriculture | |
| 19. |
The non-tariff barriers are: |
| A. | Product standards |
| B. | Proliferation |
| C. | Both a and b |
| D. | Product adaptation |
| Answer» C. Both a and b | |
| 20. |
What is meant by the phrase CSR? |
| A. | Corporate Social Responsibility |
| B. | Company Social Responsibility |
| C. | Corporate Society Responsibility |
| D. | Company Society Responsibility |
| Answer» A. Corporate Social Responsibility | |
| 21. |
What does Milton Friedman believe to be the sole responsibility of business? |
| A. | The only social responsibility of business is to its shareholders |
| B. | Managers should act in ways that balance the interest of society and shareholders |
| C. | The primary responsibility organizations have is to its employees |
| D. | The primary responsibility organizations have is to its stakeholder |
| Answer» A. The only social responsibility of business is to its shareholders | |
| 22. |
What is the enlightened self-interest model of CSR? |
| A. | That it is in an organization's own best interest to put itself first rather than its ethics |
| B. | That it is in an organization's best interest to consider what a shareholder would want |
| C. | That it is in an organization's own best interest to act in an ethical way |
| D. | That it is in an organization's own best interest to follow the legislation and abide by the law. |
| Answer» A. That it is in an organization's own best interest to put itself first rather than its ethics | |
| 23. |
What does the importance of ethical behaviour, integrity and trust call into question? |
| A. | The extent to which managers should attempt to change the underlying beliefs and values of individual followers |
| B. | Who does what |
| C. | What we do next |
| D. | None of these |
| Answer» A. The extent to which managers should attempt to change the underlying beliefs and values of individual followers | |
| 24. |
Which of the following would most effectively act as the primary objective of a business organisation? |
| A. | To make a profit |
| B. | To procure resources |
| C. | To communicate with shareholders |
| D. | To mediate between the organisation and the environment |
| Answer» A. To make a profit | |
| 25. |
Which of the following does the term Corporate Social Responsibility relate to? |
| A. | Ethical conduct |
| B. | Environmental practice |
| C. | Community investment |
| D. | All of the above |
| Answer» D. All of the above | |
| 26. |
What is Ethics to do with? |
| A. | The wider community |
| B. | Business |
| C. | Right and wrong |
| D. | Nothing |
| Answer» C. Right and wrong | |
| 27. |
Which legislation relates to the concept of business ethics? |
| A. | Freedom of Information Act |
| B. | Food Act |
| C. | Building regulations |
| D. | All of these |
| Answer» A. Freedom of Information Act | |
| 28. |
A stakeholder orientation includes all of the following activities except: |
| A. | Generating Data About Stakeholder Groups |
| B. | Assessing The Firm's Effects On Stakeholder Groups |
| C. | Distributing Stakeholder Information Throughout The Firm |
| D. | Minimizing The Influence Of Stakeholder Information On The Firm |
| Answer» D. Minimizing The Influence Of Stakeholder Information On The Firm | |
| 29. |
A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. |
| A. | Crisis |
| B. | Ethical Issue |
| C. | Indictment |
| D. | Fraud |
| Answer» B. Ethical Issue | |
| 30. |
What type of justice exists if employees are being open, honest, and truthful in their communications at work? |
| A. | Procedural |
| B. | Distributive |
| C. | Ethical |
| D. | Interactional |
| Answer» D. Interactional | |
| 31. |
Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can: |
| A. | Increase Revenue |
| B. | Increase Costs |
| C. | Decrease Revenue |
| D. | Decrease Costs |
| Answer» A. Increase Revenue | |
| 32. |
Atmospheric issues include all of the following except: |
| A. | Acid Rain |
| B. | Global Warming |
| C. | Air Pollution |
| D. | Water Quantity |
| Answer» D. Water Quantity | |
| 33. |
Most companies begin the process of establishing organizational ethics programs by developing: |
| A. | Ethics Training Programs |
| B. | Codes Of Conduct |
| C. | Ethics Enforcement Mechanisms |
| D. | Hidden Agendas |
| Answer» B. Codes Of Conduct | |
| 34. |
When a firm charges different prices to different groups of customers, it may be accused of: |
| A. | Cultural Relativism |
| B. | Money Laundering |
| C. | Facilitating Payments |
| D. | Price Discrimination |
| Answer» A. Cultural Relativism | |
| 35. |
Successful global initiatives addressing standards for business must begin and end with: |
| A. | the role of corporate governance and shareholder power in corporate decision making |
| B. | social activism |
| C. | the implementation of standardized ethics programs |
| D. | the consolidation of economic and environmental efforts |
| Answer» A. the role of corporate governance and shareholder power in corporate decision making | |
| 36. |
The social economy partnership philosophy emphasizes: |
| A. | Cooperation And Assistance |
| B. | Profit Maximization |
| C. | Competition |
| D. | Restricting Resources And Support |
| Answer» A. Cooperation And Assistance | |
| 37. |
Which of the following is a problem presented by ethics audits? |
| A. | They may be used to reallocate resources |
| B. | They identify practices that need improvement |
| C. | Selecting auditors may be difficult |
| D. | They may pinpoint problems with stakeholder relationships |
| Answer» C. Selecting auditors may be difficult | |
| 38. |
The first step in the auditing process should be to secure the commitment of: |
| A. | Employees |
| B. | Top Executives And Directors |
| C. | Stockholders |
| D. | Customers |
| Answer» B. Top Executives And Directors | |
| 39. |
____________ refers to a strategic process involving stakeholder assessment to create longterm relationships with customers, while maintaining, supporting, and enhancing the natural environment. |
| A. | Eco-strategy |
| B. | Green marketing |
| C. | Superfund reauthorization |
| D. | Recycle and reprocess management |
| Answer» B. Green marketing | |
| 40. |
A ________ _________ sets out the purpose and general direction for the organisation? |
| A. | Vision |
| B. | Purpose statement |
| C. | Mission statement |
| D. | Profit statement |
| Answer» C. Mission statement | |
| 41. |
Which of the following would most effectively act as the primary objective of a business organization? |
| A. | To communicate with shareholders. |
| B. | To make a profit. |
| C. | To mediate between the organization and the environment. |
| D. | All of the above. |
| Answer» B. To make a profit. | |
| 42. |
What is the purpose of a balanced scorecard? |
| A. | To relate business performance to financial measures. |
| B. | To measure contribution of people to business growth. |
| C. | To relate business performance to customer satisfaction. |
| D. | To combine a range of qualitative and quantitative indicators of performance. |
| Answer» D. To combine a range of qualitative and quantitative indicators of performance. | |
| 43. |
Which of the following does the term Corporate Social Responsibility relate to? |
| A. | Environmental practice. |
| B. | Ethical conduct. |
| C. | Human rights and employee relations. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 44. |
Who are organisational stakeholders? |
| A. | Employees |
| B. | Government |
| C. | Customers |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 45. |
What is Ethics to do with? |
| A. | The wider community. |
| B. | Right and wrong. |
| C. | Business! |
| D. | None of the above. |
| Answer» B. Right and wrong. | |
| 46. |
'Ethics deals with the right actions of Individuals' Who said? |
| A. | C S Rao |
| B. | P F Drucker |
| C. | J R Betty |
| D. | DC Zane |
| Answer» B. P F Drucker | |
| 47. |
Which of the following word refers to 'doing business with your grandchildren's interests at heart'? |
| A. | Responsibility |
| B. | Sustainability |
| C. | Agility |
| D. | Integrity |
| Answer» B. Sustainability | |
| 48. |
Which is the element of business ethics? |
| A. | discipline. |
| B. | It is an art & science both. |
| C. | Good intention. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 49. |
'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said?? |
| A. | H R Bowen |
| B. | P F Deucker |
| C. | G A Steiner |
| D. | All of the above |
| Answer» A. H R Bowen | |
| 50. |
Which is the principle of corporate responsibility? |
| A. | Trusteeship principle |
| B. | Principle of stewardship |
| C. | Principle of charity |
| D. | All of the above |
| Answer» D. All of the above | |
| 51. |
Which is the element of social responsibility? |
| A. | Universal concept. |
| B. | Supremancy of public interest. |
| C. | It is related to business organization. |
| D. | All of the above |
| Answer» D. All of the above | |
| 52. |
Which one of the following is not principle of business ethics? |
| A. | Principle of universality. |
| B. | Principle of humanity. |
| C. | Principle of autonomy. |
| D. | Principle of dissatisfaction. |
| Answer» D. Principle of dissatisfaction. | |
| 53. |
Business ethics is a dynamic philosophy of ---- economic adjustment whose field is widening day-by-day |
| A. | Socio |
| B. | Political |
| C. | Historical |
| D. | Traditional |
| Answer» A. Socio | |
| 54. |
The social responsibility of business towards the owners of business includes |
| A. | Maximum ROI. |
| B. | Report about progress. |
| C. | Report of Profit. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 55. |
CSR that extends beyond legal mandates can help meet social expectations in the absence of: |
| A. | Statutory devices. |
| B. | Social tool |
| C. | Cost tool & technique |
| D. | Science tool |
| Answer» A. Statutory devices. | |
| 56. |
The relationship between standards of CSR & potential legal requirements governing corporate operation lies at the heart of the |
| A. | The business community. |
| B. | Unattaniable |
| C. | Formulation |
| D. | The social activity. |
| Answer» A. The business community. | |
| 57. |
The argument for CSR involves |
| A. | Recognition of moral obligations by business. |
| B. | Need to balance power with responsibility. |
| C. | Voluntary actions would prevent government regulations. |
| D. | All of the above |
| Answer» D. All of the above | |
| 58. |
The spending on CSR activity is mandatory in India for following organisations: |
| A. | 3% spending for above 5 cr profit organisations. |
| B. | 2% spending for above 5 cr profit organisations. |
| C. | 1% spending for above 5 cr profit organizations. |
| D. | Some spending on above 5cr profit organizations |
| Answer» B. 2% spending for above 5 cr profit organisations. | |
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