McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce in Finance (B.Com Finance) .
| 51. |
Electronic waste is the adverse effect of |
| A. | Industry |
| B. | Agriculture |
| C. | Housing |
| D. | Mining |
| Answer» A. Industry | |
| 52. |
Extraction of mineral and metal form the earth is: |
| A. | Agriculture |
| B. | Transportation |
| C. | Mining |
| D. | Sustainable development |
| Answer» C. Mining | |
| 53. |
Underground and ope caste is a methods of |
| A. | Agriculture |
| B. | Mining |
| C. | Housing |
| D. | Transportation |
| Answer» B. Mining | |
| 54. |
This is an effect of transportation |
| A. | Air emission |
| B. | Material consumption |
| C. | Solid waste generation |
| D. | Acid mine drainage |
| Answer» C. Solid waste generation | |
| 55. |
In EIA hearing is made within |
| A. | 5 days |
| B. | 10 days |
| C. | 20 days |
| D. | 30 days |
| Answer» D. 30 days | |
| 56. |
What process may explain the decline in the number of tones of fish caught? |
| A. | Bioremediation |
| B. | Deforestation |
| C. | Extinction |
| D. | Overexploitation |
| Answer» D. Overexploitation | |
| 57. |
Food, space, disease, natural disaters, climate, competition and predation are examples of what? |
| A. | Capacity factors |
| B. | Limiting factors. |
| C. | Predation factors |
| D. | Sustainable factors |
| Answer» B. Limiting factors. | |
| 58. |
Which is not a benefit of maintaining sustainable forest ecosystems? |
| A. | Empty space on which to build homes |
| B. | Habitat for thousands of species |
| C. | Reduction of erosion in watersheds |
| D. | Regulation |
| Answer» A. Empty space on which to build homes | |
| 59. |
In a kelp forest ecosystem, which species is a keystone species? |
| A. | Kelp |
| B. | Otter |
| C. | Fish |
| D. | Rock |
| Answer» B. Otter | |
| 60. |
The top three ecological footprints in the world are
|
| A. | 1,2,3 |
| B. | 2,4,6 |
| C. | 3,5,6 |
| D. | 1,2,6 |
| Answer» D. 1,2,6 | |
| 61. |
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 | |
| 62. |
What is meant by the phrase 'teleological ethics'? |
| A. | Is used to judge is an action is right, fair and honest. |
| B. | An action can only be judged by its consequences. |
| C. | Developing the individual personal characteristics. |
| D. | The key purpose of ethics is to increase freedom. |
| Answer» B. An action can only be judged by its consequences. | |
| 63. |
For Karl Marx, where do our values come from? |
| A. | They are a product of our upbringing and our parents. |
| B. | They are a product of the economic system within which we live. |
| C. | They are a product of social inequality. |
| D. | They are a product of what we are taught at school. |
| Answer» B. They are a product of the economic system within which we live. | |
| 64. |
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 stakeholders. |
| Answer» A. The only social responsibility of business is to its shareholders. | |
| 65. |
What, according to Adam Smith, is the best way to promote collective interest? |
| A. | Through government making decisions about what is in the public interest. |
| B. | Through everyone working together to support each other. |
| C. | Through everyone working on their own self-interest |
| D. | Through individuals forgoing their personal interest for the good of the collective. |
| Answer» C. Through everyone working on their own self-interest | |
| 66. |
Why, according to stakeholder theory, is it in companies' best interests to pay attention to their stakeholders? |
| A. | If firms only act in their own self-interest employees may feel exploited. |
| B. | If firms only act in their own self-interest government might put more regulation on them. |
| C. | If firms only act in their own self-interest customers might not like the image that the company portray. |
| D. | If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support. |
| Answer» D. If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support. | |
| 67. |
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» C. That it is in an organization's own best interest to act in an ethical way. | |
| 68. |
What is green washing? |
| A. | Transforming products to be more ethical. |
| B. | Making a product appear more ethical that it really is. |
| C. | Converting the company to green production methods. |
| D. | Convincing customers to buy ethically. |
| Answer» B. Making a product appear more ethical that it really is. | |
| 69. |
What is triple bottom line? |
| A. | An accounting tool that looks at the impact on people, planet and profits. |
| B. | A management strategy which states all the attention should be on profits. |
| C. | An accounting tool that looks at cost, profit and loss. |
| D. | A management strategy which focuses on corporate social responsibility. |
| Answer» A. An accounting tool that looks at the impact on people, planet and profits. | |
| 70. |
Why do alternative organizations run differently from conventional shareholder led approach? |
| A. | They do not have shareholders. |
| B. | They are run in non-hierarchical ways which aim to provide a positive impact on society rather than to make profit. |
| C. | They priorities corporate social responsibility. |
| D. | They aim to give money to charities and good causes. |
| Answer» B. They are run in non-hierarchical ways which aim to provide a positive impact on society rather than to make profit. | |
| 71. |
What does and Ethical Foundation for an organisation embody? |
| A. | The structure, operational and conduct of the activities of the organization |
| B. | The basic principles which govern the external and internal relations of the organization |
| C. | Neither of the above |
| D. | All of these |
| Answer» B. The basic principles which govern the external and internal relations of the organization | |
| 72. |
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 the above |
| Answer» A. The extent to which managers should attempt to change the underlying beliefs and values of individual followers | |
| 73. |
A ________ _________ sets out the purpose and general direction for the organisation? |
| A. | Mission statement |
| B. | Purpose statement |
| C. | Vision |
| D. | Profit statement |
| Answer» A. Mission statement | |
| 74. |
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 | |
| 75. |
What is the purpose of a balanced scorecard? |
| A. | To measure contribution of people to business growth |
| B. | To combine a range of qualitative and quantitative indicators of performance |
| C. | To relate business performance to customer satisfaction |
| D. | To relate business performance to financial measures |
| Answer» B. To combine a range of qualitative and quantitative indicators of performance | |
| 76. |
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 | |
| 77. |
Who are organisational stakeholders? |
| A. | Government |
| B. | Employees |
| C. | Customers |
| D. | All of the above |
| Answer» D. All of the above | |
| 78. |
What is Ethics to do with? |
| A. | The wider community |
| B. | Business |
| C. | Right and wrong |
| D. | Nothing |
| Answer» C. Right and wrong | |
| 79. |
Which of the following is an example of an area where business ethics apply? |
| A. | Conduct of international operations |
| B. | Nowhere |
| C. | In the personal life of staff |
| D. | None of the above |
| Answer» A. Conduct of international operations | |
| 80. |
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 | |
| 81. |
The four types of social responsibility include: |
| A. | legal, philanthropic, economic, and ethical |
| B. | ethical, moral, social, and economic |
| C. | philanthropic, justice, economic, and ethical |
| D. | legal, moral, ethical, and economic |
| Answer» A. legal, philanthropic, economic, and ethical | |
| 82. |
The ________ dimension of social responsibility refers to a business's societal contribution of time, money, and other resources. |
| A. | Ethical |
| B. | Philanthropic |
| C. | Volunteerism |
| D. | Strategic |
| Answer» B. Philanthropic | |
| 83. |
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 | |
| 84. |
Stakeholders are considered more important to an organization when: |
| A. | they can make use of their power on the organization |
| B. | they do not emphasize the urgency of their issues |
| C. | their issues are not legitimate |
| D. | they can express themselves articulately |
| Answer» A. they can make use of their power on the organization | |
| 85. |
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 | |
| 86. |
Which moral philosophy seeks the greatest good for the greatest number of people? |
| A. | Consequentialism |
| B. | Utilitarianism |
| C. | Egoism |
| D. | Ethical formalism |
| Answer» B. Utilitarianism | |
| 87. |
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 | |
| 88. |
A high-commitment approach to environmental issues may include all of the following except: |
| A. | risk analysis |
| B. | stakeholder analysis |
| C. | green-washing |
| D. | strategic sustainability auditing |
| Answer» C. green-washing | |
| 89. |
Better access to certain markets, differentiation of products, and the sale of pollutioncontrol 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 | |
| 90. |
Atmospheric issues include all of the following except: |
| A. | acid rain |
| B. | global warming |
| C. | air pollution |
| D. | water quantity |
| Answer» D. water quantity | |
| 91. |
To be successful, business ethics training programs need to: |
| A. | focus on personal opinions of employees. |
| B. | be limited to upper executives. |
| C. | educate employees on formal ethical frameworks and models of ethical decision making. |
| D. | promote the use of emotions in making tough ethical decisions. |
| Answer» C. educate employees on formal ethical frameworks and models of ethical decision making. | |
| 92. |
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. | |
| 93. |
For referent power to be effective, what must exist between individuals in the relationship? |
| A. | Antipathy |
| B. | Rivalry |
| C. | History |
| D. | Empathy |
| Answer» D. Empathy | |
| 94. |
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 | |
| 95. |
The ability to interpret and adapt successfully to different national, organizational, and professional cultures is called: |
| A. | national competitiveness. |
| B. | global development. |
| C. | cultural intelligence. |
| D. | stakeholder sensitivity. |
| Answer» C. cultural intelligence. | |
| 96. |
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. | |
| 97. |
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. | |
| 98. |
Which of the following is not a driver of responsible competitiveness? |
| A. | Policy drivers |
| B. | Development drivers |
| C. | Business action |
| D. | Social enablers |
| Answer» B. Development drivers | |
| 99. |
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. | |
| 100. |
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. | |
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