Business Ethics and Corporate Social Responsibility MCQs and Notes

Add MCQ, ...................................
📊 Business Ethics and Corporate Social Responsibility
Q. The ethical roots of the classical model of corporate social responsibility are found in which of the following statement?
  • (A) The idea that the interests of stakeholders are as important as the interests of a corporation's stockholders.
  • (B) The ethical imperative to cause no harm.
  • (C) The free market theory which holds that managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society
  • (D) The ethical imperative to prevent harm
💬 Discuss
✅ Correct Answer: (C) The free market theory which holds that managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society
📊 Business Ethics and Corporate Social Responsibility
Q. Which of the following statements is false about responsibilities of a consumer:
  • (A) Consumer must follow the instructions and use the product safety.
  • (B) Consumer must ask for cash memo i.e proof of purchase
  • (C) Consumer must file a complaint in a consumer court even if the amount of loss is small.
  • (D) A consumer must encourage unethical practices like black marketing, hoarding etc.
💬 Discuss
✅ Correct Answer: (C) Consumer must file a complaint in a consumer court even if the amount of loss is small.
📊 Business Ethics and Corporate Social Responsibility
Q. Under the _____________, both internal and external corporate governance mechanisms are intended to induce managerial actions that maximize profit and shareholder value.
  • (A) Shareholder theory.
  • (B) Agency theory.
  • (C) Stakeholder theory.
  • (D) Corporate governance theory
💬 Discuss
✅ Correct Answer: (A) Shareholder theory.
📊 Business Ethics and Corporate Social Responsibility
Q. Identify the Principle(s) of achieving competitive success in business.
  • (A) Focus on Short Term Rewards first and then consider Long term rewards
  • (B) Focus on constant and never ending improvement
  • (C) Always focus on Profit first then on service
  • (D) Set Realistic Goals and Expectations
💬 Discuss
✅ Correct Answer: (B) Focus on constant and never ending improvement
📊 Business Ethics and Corporate Social Responsibility
Q. What are the three Phases of Transformation?
  • (A) Automation, Enhancement, Redefinition
  • (B) Automation, Reevaluation, Redefinition
  • (C) Reevaluation, Redefinition, Implementation
  • (D) Discontinuing, Replanning, Reshaping
💬 Discuss
✅ Correct Answer: (A) Automation, Enhancement, Redefinition
📊 Business Ethics and Corporate Social Responsibility
Q. The Top Management of company starts the Transformation Process with the "Creation of a Vision" that is shared by everybody in the company. Shared vision consists of all except...........
  • (A) Shared Values
  • (B) Shared Purposes
  • (C) Shared Results
  • (D) Shared Relationships
💬 Discuss
✅ Correct Answer: (D) Shared Relationships
📊 Business Ethics and Corporate Social Responsibility
Q. Identify the External factors that demand for Organisational Transformation.
  • (A) Employee Turnover Ratio
  • (B) Social Changes
  • (C) Changing behaviour and Values of work force
  • (D) Deficiencies in the existing organisational structure
💬 Discuss
✅ Correct Answer: (B) Social Changes
📊 Business Ethics and Corporate Social Responsibility
Q. The three stages of the change process are……………………
  • (A) unfreezing, adjustment, and refreezing.
  • (B) adjustment, unfreezing, and refreezing.
  • (C) adjustment, unfreezing, and re-adjustment.
  • (D) adjustment, re-adjustment, and unfreezing.
💬 Discuss
✅ Correct Answer: (A) unfreezing, adjustment, and refreezing.

More Faculties

Click on sub category to learn more.

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play