MCQOPTIONS
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MCQOPTIONS
This section includes 13 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce in Finance (BDotCom Finance) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The top three ecological footprints in the world are1. USA2. Ireland3. New Zealand4. Australia5. Canada6. Denmark |
| A. | 1,2,3 |
| B. | 2,4,6 |
| C. | 3,5,6 |
| D. | 1,2,6 |
| Answer» E. | |
| 2. |
Why, according to stakeholder theory, is it in companies' best interests to pay attention to their stakeholders? |
| A. | If firms only act in their own self-interest employees may feel exploited. |
| B. | If firms only act in their own self-interest government might put more regulation on them. |
| C. | If firms only act in their own self-interest customers might not like the image that the company portray. |
| D. | If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support. |
| Answer» E. | |
| 3. |
The ________ dimension of social responsibility refers to a business's societal contribution of time, money, and other resources. |
| A. | Ethical |
| B. | Philanthropic |
| C. | Volunteerism |
| D. | Strategic |
| Answer» C. Volunteerism | |
| 4. |
Under which ISO Standard the Guidance on Social Responsibility was recognized? |
| A. | ISO 26000 |
| B. | ISO 27000 |
| C. | ISO 22000 |
| D. | ISO 14000 |
| Answer» B. ISO 27000 | |
| 5. |
A _____________ is a formal statement of an organization primary values and the ethical rules it expects its employees to follow |
| A. | mission statement |
| B. | statement of purpose |
| C. | code of ethics |
| D. | vision statement |
| Answer» D. vision statement | |
| 6. |
_____________ is a document that outlines principles for doing business globally in the areas of human rights, labor, 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 | |
| 7. |
When a firm charges different prices to different groups of customers, it may be accused of: |
| A. | cultural relativism |
| B. | money laundering |
| C. | facilitating payments |
| D. | price discrimination |
| Answer» B. money laundering | |
| 8. |
The ability to interpret and adapt successfully to different national, organizational, and professional cultures is called: |
| A. | national competitiveness. |
| B. | global development. |
| C. | cultural intelligence. |
| D. | stakeholder sensitivity. |
| Answer» D. stakeholder sensitivity. | |
| 9. |
In a ______________ organization, decision making is delegated as far down the chain of command as possible. |
| A. | Decentralized |
| B. | Creative |
| C. | Flexible |
| D. | Centralized |
| Answer» E. | |
| 10. |
An organisation's obligation to act to protect and improve society's welfare as well as its own interests is referred to as |
| A. | organisational social responsibility |
| B. | organisational social responsiveness |
| C. | corporate obligation |
| D. | business ethics |
| Answer» B. organisational social responsiveness | |
| 11. |
An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern: |
| A. | Conglomerate |
| B. | Corporation |
| C. | Company |
| D. | Firm |
| Answer» C. Company | |
| 12. |
Which of the following statement is correct?(a) Renewable resources should provide a sustainable yield (the rate of harvest should not exceed the rate of regeneration).(b) For non-renewable resources there should be equivalent development of renewable substitutes.(c) Waste generation should exceed the assimilative capacity of the environment |
| A. | (a) and (c) |
| B. | (b) and (c) |
| C. | (a) and (b) |
| D. | None |
| Answer» D. None | |
| 13. |
The __________ approach to formal corporate ethics initiatives is proactive and inspirational. |
| A. | Rules |
| B. | Compliance |
| C. | Principles |
| D. | Values |
| Answer» E. | |