Test Of Ethics

ALL THE BEST  Attempt all the questions. Q1. Choose the correct answer: ( 1 mark each)x 1. Business Ethics has a ___________ application A)Universal B)Natural

C)Practical

D)None of the above

2. The Sarbanes-Oxley Act 2002 made it important for businesses to have anA) Ethics code B)Code of conduct C)Code of practice D)Business Ethics 3. The society of business Ethics was formed in the yearA) 1950 B) 1960 D)1980

C) 1970

4. Which of the following is a business practice towards Government – A) Ensure safety of their money & timely payment of interest . B) Rules & regulations regarding taxes, duties, restrictive & monopolistic trade practices should be adhered to. C) Unscrupulous tactics & methods should be avoided while handling them. D) None of the above 5. Which of the following is an unethical business practiceA) Collusion B)False communication C) Insider Trading D)All the above. 6. Companies which are responsive to employees’ needs haveA)Profits B)Lower turnover in staf C) Staf satisfactionD)Strikes 7. A business should have which kind of an approachA) Profit earning B)Social responsibility C)Both a & b D)Either a & b 8. Sarbanes-Oxley Act of 2002 is named after which of the following expertsA) Aristotle B) Senator Paul Sarbanes C)Michael Oxley D)Both a & b 9. Which one of the feature does not relate to ‘ Ethics in Production’ A) Addictive dangerous product B) Product testing ethics C) Environmental ethics D)Whistle blowing 10.Business ethics cannot be enforced A) Government B) Businesses C) Law D) None of the above This branch of philosophy concerned with developing theories that determine which human actions are right or wrongA) Meta ethics B) Normative ethics C)Practical ethics D)Political ethics 11.Which of the following are the issues faced by ethics in finance – A) Affirmative actions B) Executive compensation C) Insider trading D) Both b & c 12. Which of the following is a definite article ? A) A B) An All of the above. 13. A remedy for all diseases or difficulties is called — A) Panacea B) Concrete Philistine.

C) The

C) Numismatics

D)

D)

14. If you want to reduce miscommunication, you should : (X) Start assuming (Y) Talk to people (Z) Improve your working environment The correct option is – A) (X) and (Y) B) (Y) and (Z) C) (X) and (Z) D) All of the above. 15. Which one of the following serves as a road map for the meeting? A) Addendum to the notice B) Agenda C) Quorum D) Notice. 16. The words like Redress , Confess , Scooter , Letter have _____ number of syllable A) One B) Two C) Three Four 17. Which of the following is not the synonym of “Onerous “ A) Burdensome B) Morose C) Oppressive above 18. One who calculates insurance and annuity premium etcA) Benefactor B) Acrobat D) Nomad 19. “ to surrender “ is the meaning of A) To strike one’s flag B) To weather the storm of the above 20. Latin word “Viva voce “ means A) Oral examination B) in full Last resort 21.Which of the following if the antonym of Idle A) Short B) Artificial Front

D)

D) All of the

C) Actuary

C) To pay one’s way

D) None

C) list of errors

D)

C) Busy

D)

22. A situation requiring a choice between equally undesirable alternatives; any difficult or perplexing situation or problem is known as — A) Trivial B) Pivotal C) Dilemma D) Veteran 23 . A person who examines the books of accounts of a Company is called anA) Auditor B) Inspector C) Officer Accountant 24 . The expression ‘to formally put an end to’ means — A) Abolish B) Excerpt

C) Surrender

D)

D) Abandon

25. _____________ organisation refers to the relationship between people based not on procedures but on personal attitudes, prejudices and also the likes and dislikes of people. A) Informal B) Formal C) Normal D) Mutual