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) .
| 151. |
Under the concept of social obligation, the organization ________________. |
| A. | does what it can to meet the law, and a little bit more for stakeholders |
| B. | fulfills its obligation to the stakeholders, which makes it fulfill the law, too |
| C. | does the minimum required by law |
| D. | fulfills its obligation to the law and its stakeholders |
| Answer» C. does the minimum required by law | |
| 152. |
Social responsiveness refers to the capacity of a firm to adapt to changing _________________. |
| A. | societal conditions |
| B. | organizational conditions |
| C. | societal leaders |
| D. | organizational managers |
| Answer» A. societal conditions | |
| 153. |
Applying social criteria to an investment decision refers to ________________. |
| A. | socioeconomic view |
| B. | social responsiveness |
| C. | social responsibility |
| D. | social screening |
| Answer» D. social screening | |
| 154. |
Which of the following is a basic definition of ethics? |
| A. | moral guidelines for behavior |
| B. | rules for acknowledging the spirit of the law |
| C. | rules or principles that define right and wrong conduct |
| D. | principles for legal and moral development |
| Answer» C. rules or principles that define right and wrong conduct | |
| 155. |
Reasoning at the ______________ level of moral development indicates that moral values reside in maintaining the conventional order and the expectations of others. |
| A. | Preconventional |
| B. | Conventional |
| C. | Principled |
| D. | arrival |
| Answer» B. Conventional | |
| 156. |
A personality measure of person’s convictions is _______________. |
| A. | moral development |
| B. | ego strength |
| C. | locus of control |
| D. | social desirability |
| Answer» B. ego strength | |
| 157. |
Which of the following organizational structural characteristics would most likely result in managerial ethical behavior? |
| A. | few job descriptions |
| B. | formal rules |
| C. | mixed messages from authority figures |
| D. | All of these |
| Answer» B. formal rules | |
| 158. |
Global organizations must __________ their ethical guidelines so that employees know what is expected of them while working in a foreign location |
| A. | Clarify |
| B. | Provide |
| C. | Establish |
| D. | broaden |
| Answer» A. Clarify | |
| 159. |
_____________ is a document that outlines principles for doing business globally in the areas of human rights, labor, the environment, and anticorruption. |
| A. | A code of ethics |
| B. | The Global Compact |
| C. | The Foreign Corrupt Practices Act |
| D. | Global Ethics |
| Answer» B. The Global Compact | |
| 160. |
A _____________ is a formal statement of an organization primary values and the ethical rules it expects its employees to follow |
| A. | mission statement |
| B. | statement of purpose |
| C. | code of ethics |
| D. | vision statement |
| Answer» C. code of ethics | |
| 161. |
CSR considers |
| A. | Impact of the company’s actions on society. |
| B. | Impact of company’s success. |
| C. | Impact of company’s failure. |
| D. | Impact of company’s wind up. |
| Answer» A. Impact of the company’s actions on society. | |
| 162. |
CSR includes |
| A. | Economic responsibilities. |
| B. | Legal responsibilities. |
| C. | Ethical responsibilities. |
| D. | Philanthropic responsibilities |
| Answer» A. Economic responsibilities. | |
| 163. |
Stakeholders are the individuals or groups that |
| A. | Have an interest in and are affected by company’s actions. |
| B. | Have a mere interest in an Organization. |
| C. | Are affected by company’s actions |
| D. | Above all. |
| Answer» A. Have an interest in and are affected by company’s actions. | |
| 164. |
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. | |
| 165. |
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 | |
| 166. |
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 | |
| 167. |
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 | |
| 168. |
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. | |
| 169. |
In a ______________ organization, decision making is delegated as far down the chain of command as possible. |
| A. | Decentralized |
| B. | Creative |
| C. | Flexible |
| D. | Centralized |
| Answer» D. Centralized | |
| 170. |
An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as |
| A. | organisational social responsibility |
| B. | organisational social responsiveness |
| C. | corporate obligation |
| D. | business ethics |
| Answer» A. organisational social responsibility | |
| 171. |
Which of the following actions will not help directors to protect themselves from non-compliance 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 |
| Answer» D. including a disclaimer clause in their service contracts | |
| 172. |
An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern: |
| A. | Conglomerate |
| B. | Corporation |
| C. | Company |
| D. | Firm |
| Answer» B. Corporation | |
| 173. |
The __________ approach to formal corporate ethics initiatives is proactive and inspirational. |
| A. | Rules |
| B. | Compliance |
| C. | Principles |
| D. | Values |
| Answer» D. Values | |
| 174. |
_____________ is a document that outlines principles for doing business globally in the areas of human rights, labor, the environment, and anticorruption. |
| A. | A code of ethics |
| B. | The Global Compact |
| C. | The Foreign Corrupt Practices Act |
| D. | Global Ethics |
| Answer» B. The Global Compact | |
| 175. |
A _____________ is a formal statement of an organization primary values and the ethical rules it expects its employees to follow |
| A. | mission statement |
| B. | statement of purpose |
| C. | code of ethics |
| D. | vision statement |
| Answer» C. code of ethics | |
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.