Business Ethics MCQ Quiz in मल्याळम - Objective Question with Answer for Business Ethics - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക

Last updated on Apr 6, 2025

നേടുക Business Ethics ഉത്തരങ്ങളും വിശദമായ പരിഹാരങ്ങളുമുള്ള മൾട്ടിപ്പിൾ ചോയ്സ് ചോദ്യങ്ങൾ (MCQ ക്വിസ്). ഇവ സൗജന്യമായി ഡൗൺലോഡ് ചെയ്യുക Business Ethics MCQ ക്വിസ് പിഡിഎഫ്, ബാങ്കിംഗ്, എസ്എസ്‌സി, റെയിൽവേ, യുപിഎസ്‌സി, സ്റ്റേറ്റ് പിഎസ്‌സി തുടങ്ങിയ നിങ്ങളുടെ വരാനിരിക്കുന്ന പരീക്ഷകൾക്കായി തയ്യാറെടുക്കുക

Latest Business Ethics MCQ Objective Questions

Top Business Ethics MCQ Objective Questions

Business Ethics Question 1:

Statement 1: Egoism is a theory that suggests that an action is morally right if in a given situation, all decision-makers freely decide to pursue their own self-interests. Statement 2: Egoism relies on an external mechanism to control individual egoists.

  1. Both Statement 1 and 2 are correct
  2. Both statement 1 and 2 are incorrect
  3. Statement 1 is correct, Statement 2 is incorrect
  4. Statement 2 is correct, Statement 1 is incorrect
  5. None of the above

Answer (Detailed Solution Below)

Option 3 : Statement 1 is correct, Statement 2 is incorrect

Business Ethics Question 1 Detailed Solution

Key Points Statement 1: Egoism is a theory that suggests that an action is morally right if in a given situation, all decision-makers freely decide to pursue their own self-interests.

Statement 1 is generally accurate. Egoism is an ethical theory that asserts that individuals should act in their own self-interest and seek to maximize their own well-being or happiness. Ethical egoism argues that individuals have a moral duty to prioritize their own interests above those of others. It can take different forms, such as personal egoism (individuals should act in their own self-interest) and universal or rational egoism (everyone should act in their own self-interest). However, it's important to note that egoism is a controversial ethical theory, and many critics argue that it may lead to selfishness and disregard for the well-being of others.

Statement 2: Egoism relies on an external mechanism to control individual egoists.

Statement 2 is not accurate. Egoism does not necessarily rely on an external mechanism to control individual egoists. In fact, egoism is often associated with the idea of individuals acting according to their own internal motivations and self-interests. It doesn't inherently require external control mechanisms because it is centered on the idea that individuals will naturally pursue their own well-being. The concept of external control mechanisms seems more applicable to ethical theories that emphasize social norms, rules, or consequences to guide behavior, rather than egoism, which focuses on individual self-interest.

Business Ethics Question 2:

______ is concerned with holding the balance between economic and social goals and between individual and communal goals.

  1. Corporate Governance
  2. Business Management
  3. Business ethics
  4. Corporate Management

Answer (Detailed Solution Below)

Option 3 : Business ethics

Business Ethics Question 2 Detailed Solution

The correct answer is Business Ethics.

Key Points Business ethics is a branch of applied ethics that deals with ethical principles and moral or ethical problems that can arise in a business environment. It involves the study and application of ethical values and standards to business activities, ensuring that companies operate with integrity and consideration for their impact on society.

Key Aspects of Business Ethics:

  • Integrity and Honesty: Business ethics emphasizes the importance of honesty and integrity in all business dealings. This includes being truthful in advertising, financial reporting, and interactions with customers, employees, and other stakeholders.
  • Fairness: Businesses are expected to treat all individuals and groups fairly. This involves avoiding discrimination, ensuring fair wages, and providing equal opportunities for employees.
  • Respect for Stakeholders: Business ethics recognizes the interests and rights of various stakeholders, including customers, employees, suppliers, and the community. Ethical decision-making considers the impact on all relevant parties.
  • Environmental Responsibility: Companies are encouraged to adopt environmentally sustainable practices, reducing their ecological footprint and minimizing negative impacts on the environment.
  • Compliance with Laws and Regulations: Adhering to local and international laws and regulations is a fundamental aspect of business ethics. Ethical companies not only meet legal requirements but also strive to exceed them when possible.
  • Corporate Social Responsibility (CSR): Business ethics often involves the concept of CSR, where companies voluntarily take actions to contribute positively to society. This can include philanthropy, community development, and sustainability initiatives.

Business Ethics Question 3:

Which of the following statements is true?

  1. The mental contents of the good person are called moral and ethical values.
  2. The final proof of sincerity and seriousness is the uncompromising emphasis on the integrity of character in a job.
  3. Skills are not enduring due to fatigue.
  4. More than one of the above
  5. None of the above

Answer (Detailed Solution Below)

Option 4 : More than one of the above

Business Ethics Question 3 Detailed Solution

The correct answer is More than one of the Above.

Key Points 

View other drafts

 

 "The mental contents of the good person are called moral and ethical values" is also true. Moral and ethical values are the principles that guide our behavior and help us to distinguish between right and wrong. They are the internal compass that helps us to make good choices and to live a virtuous life.

Good people have a strong sense of moral and ethical values. These values are reflected in their thoughts, feelings, and actions. For example, a good person will value honesty, integrity, compassion, and fairness. They will strive to live their life in accordance with these values, even when it is difficult.

The final proof of sincerity and seriousness is the uncompromising emphasis on the integrity of character in a job.

This statement is true because integrity of character is essential for success in any job. An honest and ethical person is more likely to be trusted by their colleagues and employers, and they are more likely to make good decisions.

Business Ethics Question 4:

Deontological theory of ethics is concerned with which of the following?

I. Duty ethics

II. Obligation ethics

III. Rule based ethics

IV. Classical ethics

  1. III and II
  2. I and III
  3. II and IV
  4. I, II and III

Answer (Detailed Solution Below)

Option 4 : I, II and III

Business Ethics Question 4 Detailed Solution

The correct answer is I, II and III.

Key Points

  • The deontological theory of ethics is concerned with duty ethics, obligation ethics, and rule-based ethics. Classical ethics is not a specific type of ethics, but rather a broad term that refers to any ethical theory that is based on reason and universal principles.
  • The deontological theory of ethics is often contrasted with consequentialist ethics, which judges the morality of an action based on its consequences. For example, a consequentialist might argue that it is okay to lie if it would lead to a good outcome, such as preventing someone from being harmed. However, a deontologist would argue that lying is always wrong, regardless of the consequences.
  • The deontological theory of ethics has been criticized for being too rigid and inflexible. It can be difficult to apply deontological principles to real-world situations, where there are often multiple factors to consider. However, the deontological theory of ethics also has its strengths. It can help us to identify certain actions that are always wrong, regardless of the circumstances. This can be helpful in making moral decisions, especially in difficult situations.
  • Ultimately, the best way to decide whether the deontological theory of ethics is right for you is to think about your own values and beliefs. Do you believe that there are certain actions that are always wrong, regardless of the consequences? If so, then the deontological theory of ethics may be a good fit for you

Business Ethics Question 5:

Compliance with environmental laws and regulations requires businesses to

  1. Dispose of hazardous waste properly
  2. Reduce greenhouse gas emissions
  3. Adhere to waste disposal guidelines
  4. All of the above

Answer (Detailed Solution Below)

Option 4 : All of the above

Business Ethics Question 5 Detailed Solution

Key Points 

d) All of the above

Compliance with environmental laws and regulations requires businesses to undertake various actions to ensure they are meeting the necessary standards. This includes:

a) Dispose of hazardous waste properly: Businesses need to follow proper procedures for the handling, storage, transportation, and disposal of hazardous waste. This includes identifying hazardous materials, using appropriate containers, and ensuring compliance with regulations to minimize environmental and human health risks.

b) Reduce greenhouse gas emissions: Businesses are often required to take measures to reduce their greenhouse gas emissions. This can involve implementing energy-efficient practices, adopting renewable energy sources, improving energy management systems, and utilizing emission control technologies to mitigate the environmental impact of their operations.

c) Adhere to waste disposal guidelines: Businesses must adhere to waste disposal guidelines to ensure proper management of waste. This can involve separating and sorting waste, recycling or reusing materials where possible, and utilizing approved disposal methods for different types of waste to prevent pollution and minimize environmental harm.

By complying with these measures, businesses contribute to protecting the environment, minimizing pollution, and ensuring the sustainable use of resources. It is essential for businesses to understand and follow the relevant environmental laws and regulations applicable to their industry and location to fulfill their responsibility in environmental stewardship.

Business Ethics Question 6:

By voluntarily assuming social responsibilities, businesses can reduce the need for government regulations and interventions because they:

  1.  Contribute to a better business environment
  2. Fulfill their moral obligations
  3. Proactively address societal concerns
  4. Addressing social problems
  5. None of the above/More than one of the above

Answer (Detailed Solution Below)

Option 5 : None of the above/More than one of the above

Business Ethics Question 6 Detailed Solution

Key Points 

The correct answer is d) More than one of the above.

By voluntarily assuming social responsibilities, businesses can indeed reduce the need for government regulations and interventions for several reasons:

a) Proactively address societal concerns: When businesses take the initiative to address societal concerns through their own responsible practices, they can alleviate the need for government regulations. By proactively implementing measures to protect the environment, ensure fair labor practices, or contribute to social welfare, businesses demonstrate their commitment to the well-being of society. This proactive approach can help build trust and legitimacy, reducing the pressure on governments to intervene through regulations.

b) Fulfill their moral obligations: Businesses have a moral obligation to operate in a manner that considers the broader impact on society. By voluntarily assuming social responsibilities, businesses acknowledge and fulfill these obligations without the need for external regulation. By acting ethically and responsibly, businesses can maintain their legitimacy and reputation, thereby reducing the need for government intervention.

c) Contribute to a better business environment: Businesses that voluntarily take on social responsibilities can contribute to creating a better business environment. By implementing practices that promote sustainability, fair competition, and stakeholder engagement, businesses can foster an environment where responsible behavior is the norm. This can lead to industry-wide improvements and reduce the need for regulatory oversight.

By voluntarily addressing societal concerns, fulfilling moral obligations, and contributing to a better business environment, businesses can demonstrate their commitment to social responsibility. This can help reduce the necessity for government regulations and interventions, as responsible businesses can act as role models and drive positive change within their industries. However, it's important to note that government regulations may still be necessary to address complex societal issues and ensure a level playing field for all businesses.

Business Ethics Question 7:

People, planet and profit are another 3 P's associated with ________

  1. Sustainability Accounting
  2. Green marketing
  3. International marketing
  4. Rural marketing
  5. None of the above/More than one of the above.

Answer (Detailed Solution Below)

Option 1 : Sustainability Accounting

Business Ethics Question 7 Detailed Solution

The correct answer is Sustainability Accounting.

Key Points

Sustainability Accounting:

The three P's - people, planet, and profit - are associated with the concept of "triple bottom line" (TBL) or "sustainability accounting".

TBL is an accounting framework that incorporates social and environmental factors, in addition to financial factors, in evaluating a company's performance. The three P's of TBL represent three dimensions of business performance:

  • People: This dimension focuses on the social impact of a company's operations and includes factors such as employee welfare, community involvement, and social responsibility.
  • Planet: This dimension focuses on the environmental impact of a company's operations and includes factors such as carbon footprint, energy efficiency, and waste reduction.
  • Profit: This dimension focuses on the financial performance of a company and includes factors such as revenue growth, profitability, and return on investment.

 Hence, the correct answer is Sustainability Accounting.

Business Ethics Question 8:

______ refers to the extent to which people are committed to work and involved in their activities.

  1. Unethical
  2. Work ethics
  3. Job description
  4. All the above
  5. None of the above/More than one of the above.

Answer (Detailed Solution Below)

Option 2 : Work ethics

Business Ethics Question 8 Detailed Solution

The correct answer is Work ethics.

Key Points

Work ethics refers to the extent to which people are committed to work and involved in their activities.

  • These are the work habits and skills that are necessary for successful performance.
  • It refers to a set of behavioral rules that create a positive environment at work.
  • A strong work ethic can lead to employees being fairly treated, which in turn motivates them and develops a sense of loyalty towards the organization.
  • High ethical standards can help stakeholders, like employees, investors, customers and other individuals involved with workplace operations feel that the organization is safeguarding their interests.

Important Points

Some of the common ethics organizations should establish in the workplace-

  •  Accountability
  • Responsibility
  • Equality
  • Transparency
  • Trust
  • Fulfilling promises
  • Loyalty
  • Fairness
  • Cooperation
  • Dedication
  • Discipline
  • Professionalism
  • Sustainability
  • Legality

Benefits of using ethics in the workplace

  • Employee satisfaction
  • Improved workplace culture
  • Maintaining legal compliance
  • Improved public reputation
  • Customer engagement and loyalty

Business Ethics Question 9:

Assertion (A): Ethical issues arise when a company prioritizes short-term profits over long-term sustainability.
Reason (R): Long-term sustainability requires responsible decision-making that considers the impact on stakeholders and the environment.

  1. Both the assertion and the reason are true and the reason is the correct explanation of the assertion.
  2. Both the assertion and the reason are true, but the reason is not the correct explanation of the assertion.
  3. The assertion is true, but the reason is false.
  4. The assertion is false, but the reason is true.

Answer (Detailed Solution Below)

Option 1 : Both the assertion and the reason are true and the reason is the correct explanation of the assertion.

Business Ethics Question 9 Detailed Solution

The correct answer is Both the assertion and the reason are true and the reason is the correct explanation of the assertion.

Key PointsAssertion (A): Ethical issues arise when a company prioritizes short-term profits over long-term sustainability. 

  • The assertion states that ethical issues arise when a company prioritizes short-term profits over long-term sustainability.
  • This implies that when a company focuses solely on maximizing immediate financial gains without considering the long-term impacts on various stakeholders and the environment, it can lead to ethical concerns.

Reason (R): Long-term sustainability requires responsible decision-making that considers the impact on stakeholders and the environment.

  • The reason supports the assertion by explaining that long-term sustainability requires responsible decision-making.
  • Responsible decision-making entails considering the broader consequences of business actions on stakeholders, including employees, customers, suppliers, communities, and the environment. By incorporating these considerations, companies can ensure that their operations are not only financially profitable but also sustainable in the long run.

Therefore, both the assertion and the reason are true, and the reason provides a valid explanation for the assertion.

Business Ethics Question 10:

Comprehension:

Read the following passage carefully and answer the questions that follow.

There has been much froth and foam across rooms and boardrooms regarding the ethics, legality and appropriateness of the practice of working for one organization while also taking up extra responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS space. This is welcome. It makes sense to encourage more flexibility to employees if these firms want to move up the value chain. So, employers should accept the reality and use it to their advantage.

But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector swiftly adapted to work from home (WFH), and professionals furthered their professional practice. Many preferred continuing WFH. But that raised the suspicion of many employers about workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT professionals with new skills, and their shortage, widened the demand supply gap. Those who could not cope with the expectations at the entry or middle levels - were fired. But the gig economy provides choices and added competition to both employer and employee. Trust is a core issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to objectively measure output for a given compensation, peer-pressure, industry trends in employment contracts - also influence the attitude towards moonlighting.

But IT professionals can't be treated as captives. The industry must set the bar for high performance and productivity, yet in trusted working conditions that rewards fairly and recognizes performance and skills in a transparent way. A fair and broad-based definition of moonlighting must be included in the employment contract. A sound HR policy anchored in ethical management principles will ensure that there is no need to howl at moon-lighting.

The practice of working for one organization while also taking up extra responsibilities and job with another requires:

A. Trust

B. Conflict of interest.

C. Stagnation of employee growth.

D. Employees adding limited value to their parent organization.

E. Intellectual property rights.

Choose the most appropriate answer from the options given below:

  1. A, B, E only
  2. A, C, D only
  3. B, D, E only
  4. A, B, C only

Answer (Detailed Solution Below)

Option 1 : A, B, E only

Business Ethics Question 10 Detailed Solution

The correct answer is A, B, E only.

Key Points According to the passage, " But the gig economy provides choices and added competition to both employer and employee. Trust is a core issue. Conflicts of interest and intellectual property rights violations are non-negotiable."

The practice of working for one organization while also taking up extra responsibilities and a job with another can involve trust issues, potential conflicts of interest, and concerns regarding intellectual property rights.

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