Business Ethics and Corporate Social Responsibility MCQs and Notes

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📊 Business Ethics and Corporate Social Responsibility
Q. SMART goals to create a business success strategy are best described as:
  • (A) Specific, Measurable, Achievable, Relevant, and Tested.
  • (B) Specific, Measurable, Attainable, Relevant, and Timely.
  • (C) Strategic, Moderate, Achievable, Relevant, and Timely.
  • (D) Straight forward, Meaningful, Accessible, Real, and Tested.
💬 Discuss
✅ Correct Answer: (B) Specific, Measurable, Attainable, Relevant, and Timely.
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following is INCORRECT in relation to Transformation?
  • (A) It involves a change in the way things are done and in the basic assumptions of the organisation.
  • (B) It aims to achieve a dramatic improvement in performance and alter a company’s future trajectory.
  • (C) It requires change in the way an organisation is managed, in its business processes and in the behaviour of its people.
  • (D) It can be handled within the existing paradigm and routines of the enterprise.
💬 Discuss
✅ Correct Answer: (D) It can be handled within the existing paradigm and routines of the enterprise.
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following determine the Progress of a Country or the World as a whole?
  • (A) Increase in Personal Disposable Income.
  • (B) Higher per-capita income.
  • (C) Self-sufficiency in Technology.
  • (D) Building relationships.
💬 Discuss
✅ Correct Answer: (B) Higher per-capita income.
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following does NOT determines the nature of Progress?
  • (A) It is an improvement in the well-being of an individual, organisation or nation.
  • (B) It means better and longer quality of life.
  • (C) It involves change but every change is not progress.
  • (D) It maintains the gap between what human beings are and what they want to be.
💬 Discuss
✅ Correct Answer: (D) It maintains the gap between what human beings are and what they want to be.
📊 Business Ethics and Corporate Social Responsibility
Q. The best way to protect the body from the harmful effects of stress is to:
  • (A) Learn how to manage it.
  • (B) Learn how to avoid it.
  • (C) Take your anger out on inanimate objects.
  • (D) Take a long walk and bottle up your frustration.
💬 Discuss
✅ Correct Answer: (A) Learn how to manage it.
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following statements in relation to stress is FALSE?
  • (A) Stress is the imbalance between the demands of everyday life and the ability to cope.
  • (B) Stress is caused by external pressures, such as work.
  • (C) Too much stress can affect a person’s ability to function effectively.
  • (D) Stress can involve any interference that disturbs a person’s emotional and physical well- being.
💬 Discuss
✅ Correct Answer: (B) Stress is caused by external pressures, such as work.
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following is NOT the technique to become Wiser?
  • (A) Gain balance by considering many aspects of the one situation at the same time.
  • (B) Don\t just know what\s best. Also do it.
  • (C) Learn through various types of hands-on training.
  • (D) Consider the ways others are different from you.
💬 Discuss
✅ Correct Answer: (C) Learn through various types of hands-on training.
📊 Business Ethics and Corporate Social Responsibility
Q. If a company has resources which have economic value, difficult to imitate, non- substitutable and not readily available, then the company can generate which of the following advantage?
  • (A) Knowledge Advantage.
  • (B) Competitive Advantage.
  • (C) Capital Advantage.
  • (D) Financial Advantage.
💬 Discuss
✅ Correct Answer: (B) Competitive Advantage.
📊 Business Ethics and Corporate Social Responsibility
Q. The set of processes developed in an organisation to create, gather, store, transfer, and apply knowledge, best describes as:
  • (A) Knowledge Assets.
  • (B) Knowledge Workers.
  • (C) Knowledge Management.
  • (D) Business Process Outsourcing.
💬 Discuss
✅ Correct Answer: (C) Knowledge Management.

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