MCQOPTIONS
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MCQOPTIONS
This section includes 26 Mcqs, each offering curated multiple-choice questions to sharpen your General Management knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A ____________ of an issue consists of weighing and balancing all of the competingdemands on a firm by each of those who have a claim on it. |
| A. | stakeholder analysis |
| B. | board of directors analysis |
| C. | corporation analysis |
| D. | management analysis |
| Answer» B. board of directors analysis | |
| 2. |
A ________ _________ sets out the purpose and general direction for the organisation? |
| A. | Mission statement |
| B. | Purpose statement |
| C. | Vision |
| D. | Profit statement |
| Answer» B. Purpose statement | |
| 3. |
Owners of stock in a corporation are only liable for ____________. |
| A. | the amount they have invested in the company’s stock |
| B. | their personal assets |
| C. | the amount they have invested in the company’s stock and their personal assets |
| D. | none of the above. |
| Answer» E. | |
| 4. |
Which act provides sweeping new legal protection for employees who report possiblesecurities fraud making it unlawful for companies to “discharge, demote, suspend, threaten, harass, or in any other manner discriminate against” them? |
| A. | Sarbanes-Oxley Act of 2002 |
| B. | Foreign Corruption Act |
| C. | Economic Espionage Act |
| D. | U.S. vs. O’Hagan |
| Answer» B. Foreign Corruption Act | |
| 5. |
The ________ dimension of social responsibility refers to a business's societal contribution oftime, money, and other resources. |
| A. | Ethical |
| B. | Philanthropic |
| C. | Volunteerism |
| D. | Strategic |
| Answer» C. Volunteerism | |
| 6. |
The ____________ position is that a corporation can and should be evaluated not only interms of its financial bottom line, but also in terms of its environmental bottom line and its social/ethical bottom line. |
| A. | Bottom line |
| B. | Double Bottom line |
| C. | Triple Bottom line |
| D. | Final line |
| Answer» C. Triple Bottom line | |
| 7. |
In a ______________ organization, decision making is delegated as far down the chain ofcommand as possible. |
| A. | Decentralized |
| B. | Creative |
| C. | Flexible |
| D. | Centralized |
| Answer» E. | |
| 8. |
_____________ is a document that outlines principles for doing business globally in theareas of human rights, labour, the environment, and anticorruption. |
| A. | A code of ethics |
| B. | The Global Compact |
| C. | The Foreign Corrupt Practices Act |
| D. | Global Ethics |
| Answer» C. The Foreign Corrupt Practices Act | |
| 9. |
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» B. organizational conditions | |
| 10. |
The ____________ that corporations must meet is “do no harm”. |
| A. | moral obligation |
| B. | moral minimum |
| C. | moral requirement |
| D. | moral duty |
| Answer» C. moral requirement | |
| 11. |
Worldwide, about ___________ percent of businesses in the private sector are small ormedium sized. |
| A. | 80 |
| B. | 85 |
| C. | 90 |
| D. | 99 |
| Answer» D. 99 | |
| 12. |
In the United States, small or medium sized businesses provide over ___________ percent oftotal employment. |
| A. | 25 |
| B. | 40 |
| C. | 50 |
| D. | 75 |
| Answer» D. 75 | |
| 13. |
One whistle blower the text mentions is Cynthia Cooper who was the vice president ofinternal audit at ____________. |
| A. | Enron |
| B. | WorldCom |
| C. | Tyco |
| D. | none of the above |
| Answer» C. Tyco | |
| 14. |
Global organizations must __________ their ethical guidelines so that employees know whatis expected of them while working in a foreign location |
| A. | Clarify |
| B. | Provide |
| C. | Establish |
| D. | broaden |
| Answer» B. Provide | |
| 15. |
In large corporations, the ____________ is/are the legal overseers of management. |
| A. | CEO |
| B. | shareholders |
| C. | board members |
| D. | none of the above |
| Answer» D. none of the above | |
| 16. |
The belief that a firm pursuit of social goals would give them too much power is known aswhat argument in opposition to a firm being socially responsible? |
| A. | Costs |
| B. | lack of skills |
| C. | lack of broad public support |
| D. | too much power |
| Answer» E. | |
| 17. |
What is the name of the process in which an employee informs another responsible employeein the company about potentially unethical behavior? |
| A. | Whistle-blowing |
| B. | Purging and releasing |
| C. | Identification |
| D. | Information transfer |
| Answer» B. Purging and releasing | |
| 18. |
A ________ is a problem, situation, or opportunity requiring an individual, group, ororganization to choose among several actions that must be evaluated as right or wrong. |
| A. | Crisis |
| B. | ethical issue |
| C. | indictment |
| D. | fraud |
| Answer» C. indictment | |
| 19. |
There are ___________ conditions that, if satisfied, change the moral status of whistleblowing. |
| A. | three |
| B. | four |
| C. | five |
| D. | six |
| Answer» D. six | |
| 20. |
The generally accepted definition of a medium business is one with _____________ or feweremployees. |
| A. | 50 |
| B. | 100 |
| C. | 200 |
| D. | 250 |
| Answer» E. | |
| 21. |
______________ are standards of behaviour that groups expect of their members. |
| A. | Codes of conduct. |
| B. | Group values. |
| C. | Group norms. |
| D. | Organizational norms. |
| Answer» D. Organizational norms. | |
| 22. |
Applying social criteria to an investment decision refers to ________________. |
| A. | socioeconomic view |
| B. | social responsiveness |
| C. | social responsibility |
| D. | social screening |
| Answer» E. | |
| 23. |
The _________ approach to formal corporate ethics initiatives focuses on meeting requiredbehaviour norms or obeying the letter of the law |
| A. | Rules |
| B. | Compliance |
| C. | Principles |
| D. | Values |
| Answer» C. Principles | |
| 24. |
The generally accepted definition of a small business is one with ____________ or feweremployees. |
| A. | 10 |
| B. | 20 |
| C. | 25 |
| D. | 50 |
| Answer» E. | |
| 25. |
The __________ approach to formal corporate ethics initiatives is proactive and inspirational. |
| A. | Rules |
| B. | Compliance |
| C. | Principles |
| D. | Values |
| Answer» E. | |
| 26. |
List out from the given statements the important ethical principles that a business should follow:a) To take the necessary action for the development of the concerned industry or business.b) Pay taxes and discharge other obligations promptly.c) To ensure the best utilisation of the human resources.d) Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.e) Ensure payment of fair wages and fair treatment of employees.Choose the correct answer from the options given below: |
| A. | c, d and e |
| B. | b, d and e |
| C. | a, b and c |
| D. | a, c and e |
| Answer» C. a, b and c | |