What is triple bottom line?

A management strategy which states all the attention should be on profits.

An accounting tool that looks at the impact on people, planet and profits.

A management strategy which states all the attention should be on profits.

An accounting tool that looks at cost, profit and loss.

A management strategy which focuses on corporate social responsibility.

Triple Bottom Line reporting refers to:

measuring the impact of local, state, and federal governments on the firm.

using a low, medium and high estimates for profitability forecasts.

measuring the impact of the firm on stockholders, customers and employees.

measuring the social, environmental, and financial performance of the firm.

measuring the impact of local, state, and federal governments on the firm.

The term 'asymmetry of information' means information in a corporation is:

Equally transparent to all stakeholders

Transferable to all stakeholder

Not transferable to all stakeholders

Not equally transparent to all stakeholders

Equally transparent to all stakeholders

Corporate governance can be defined as:

the election process used to vote in a new Board of Director.

the system used by firms to control the actions of their employees.

the election process used to vote in a new Board of Director.

the corporate compliance system used by the firm.

the system used by firms to identify who the critical stakeholders are for the firm.

Stakeholders are considered more important to an organization when:

they do not emphasize the urgency of their issues

they can make use of their power on the organization

they do not emphasize the urgency of their issues

their issues are not legitimate

they can express themselves articulately

The social economy partnership philosophy emphasizes:

restricting resources and support.

What makes a corporation distinct from a partnership?

If the members of a corporation die, the corporation ceases to exist

If the members of a corporation die, the corporation remains in existence providing it has capital

If the members of a corporation die, the corporation ceases to exist

A corporation cannot own property

A corporation cannot be held responsible for the illegal acts of its employees

According to section 179 which one of the following is a power of director?

Sell lease or otherwise dispose of the undertakings of the company

Remit or give time for the repayment of any debt due by a director

Making political contributions exceeding specified limits

Why, according to stakeholder theory, is it in companies' best interests to pay attention to theirstakeholders?

If firms only act in their own self-interest employees may feel exploited.

If firms only act in their own self-interest government might put more regulation on them.

If firms only act in their own self-interest customers might not like the image that the company portray.

If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.

which one is the dimension(approach) of corporate social responsibility?

Stake holders priorities and sustainable development

External audit of the accounts of a limited company is required?

At the discretion of the shareholders

Because it is demanded by the company’s bankers

At the discretion of the shareholders

The Sarbanes-Oxley Act:

makes it easier to fire whistle blowers.

reduces the law’s protection of employees who disclose securities fraud.

makes it illegal for executives to retaliate against employees who report possible violations of federal law.

provides penalties for blowing the whistle illegitimately or maliciously.

Quantification in ethics may be done by

Putting monetary value on prospective actions

Comparing the value of one action with another

Which of the following is a basic definition of ethics?

principles for legal and moral development

rules for acknowledging the spirit of the law

rules or principles that define right and wrong conduct

principles for legal and moral development

External audit of the accounts of a limited company is required

at the discretion of the shareholders

because it is demanded by the company’s bankers

at the discretion of the shareholders

What is the enlightened self-interest model of CSR?

That it is in an organization's own best interest to follow the legislation and abide by the law.

That it is in an organization's own best interest to put itself first rather than its ethics.

That it is in an organization's best interest to consider what a shareholder would want.

That it is in an organization's own best interest to act in an ethical way.

That it is in an organization's own best interest to follow the legislation and abide by the law.

Periodic ethics audits

A method of quantitative assessment

Are required by the Indian stock exchange

A method of quantitative assessment

Always use external consultants

Owners of stock in a corporation are only liable for .

the amount they have invested in the company’s stock

the amount they have invested in the company’s stock and their personal assets

Codes of conduct and codes of ethics

become necessary only after a company has been in legal trouble.

are formal statements that describe what an organization expects of its employees.

become necessary only after a company has been in legal trouble.

are designed for top executives and managers, not regular employees.

rarely become an effective component of the ethics and compliance program.

A company may become insolvent if it

cannot meet its budgeted level of profit

cannot pay creditors in full after realisation of its assets

is a document that outlines principles for doing business globally in theareas of human rights, labour, the environment, and anticorruption.

The Foreign Corrupt Practices Act

What is green washing?

Converting the company to green production methods.

Transforming products to be more ethical.

Making a product appear more ethical that it really is.

Converting the company to green production methods.

Convincing customers to buy ethically.

255 + Mcqs in Rna in Life Sciences Page 4 McqOptions

151.	What is triple bottom line?
A.	An accounting tool that looks at the impact on people, planet and profits.
B.	A management strategy which states all the attention should be on profits.
C.	An accounting tool that looks at cost, profit and loss.
D.	A management strategy which focuses on corporate social responsibility.
Answer» B. A management strategy which states all the attention should be on profits.

Discussion

152.	Which intervention resulted from the Enron scandal?
A.	The Hampel Committee
B.	The Sarbannes-Oxley Act
C.	The Greenbury Committee
D.	The Cadbury Committee
Answer» C. The Greenbury Committee

Discussion

153.	How many stages are in the model of an organization social responsibility progression?
A.	3
B.	4
C.	5
D.	6
Answer» C. 5

Discussion

154.	The belief that a firm pursuit of social goals would give them too much power is known as what argument in opposition to a firm being socially responsible?
A.	Cost
B.	lack of skills
C.	lack of broad public support
D.	too much power
Answer» E.

Discussion

155.	What type of justice exists if employees are being open, honest, and truthful in theircommunications at work?
A.	Procedural
B.	Distributive
C.	Ethical
D.	Interactional
Answer» E.

Discussion

156.	The framework for establishing good corporate governance and accountability was originallysetup by
A.	Nestle committee
B.	Rowntree committee
C.	Cadbury committee
D.	Thornton committee
Answer» C. Cadbury committee

Discussion

157.	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.	Crisi
B.	ethical issue
C.	indictment
D.	fraud
Answer» C. indictment

Discussion

158.	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.

Discussion

159.	Triple Bottom Line reporting refers to:
A.	using a low, medium and high estimates for profitability forecasts.
B.	measuring the impact of the firm on stockholders, customers and employees.
C.	measuring the social, environmental, and financial performance of the firm.
D.	measuring the impact of local, state, and federal governments on the firm.
Answer» D. measuring the impact of local, state, and federal governments on the firm.

Discussion

160.	The term 'asymmetry of information' means information in a corporation is:
A.	Transferable to all stakeholder
B.	Not transferable to all stakeholders
C.	Not equally transparent to all stakeholders
D.	Equally transparent to all stakeholders
Answer» D. Equally transparent to all stakeholders

Discussion

161.	Corporate governance can be defined as:
A.	the system used by firms to control the actions of their employees.
B.	the election process used to vote in a new Board of Director.
C.	the corporate compliance system used by the firm.
D.	the system used by firms to identify who the critical stakeholders are for the firm.
Answer» B. the election process used to vote in a new Board of Director.

Discussion

162.	The concept of Corporate Social Responsibility originated in which time period?
A.	1920’s and 1930’
B.	19th Century
C.	1980’s and 1990’s
D.	1960’s and 1970’s
Answer» E.

Discussion

163.	Stakeholders are considered more important to an organization when:
A.	they can make use of their power on the organization
B.	they do not emphasize the urgency of their issues
C.	their issues are not legitimate
D.	they can express themselves articulately
Answer» B. they do not emphasize the urgency of their issues

Discussion

164.	The social economy partnership philosophy emphasizes:
A.	cooperation and assistance.
B.	profit maximization.
C.	competition.
D.	restricting resources and support.
Answer» B. profit maximization.

Discussion

165.	The modern corporation has four characteristics. These are limited liability, legal personality,centralized management and:
A.	Fiduciary duty
B.	Stakeholders
C.	Shareholders
D.	Transferability
Answer» E.

Discussion

166.	Who are organisational stakeholders?
A.	Government
B.	Employees
C.	Customers
D.	All of the above
Answer» E.

Discussion

167.	What makes a corporation distinct from a partnership?
A.	If the members of a corporation die, the corporation remains in existence providing it has capital
B.	If the members of a corporation die, the corporation ceases to exist
C.	A corporation cannot own property
D.	A corporation cannot be held responsible for the illegal acts of its employees
Answer» B. If the members of a corporation die, the corporation ceases to exist

Discussion

168.	The generally accepted definition of a small business is one with or feweremployees.
A.	10
B.	20
C.	25
D.	50
Answer» E.

Discussion

169.	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

Discussion

170.	According to clause 49 on independent directors. What should be minimum age of independentdirector.
A.	21
B.	22
C.	23
D.	24
Answer» B. 22

Discussion

171.	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

Discussion

172.	What is kieretsu
A.	Pension fund
B.	Corporate group
C.	Stock exchange
D.	Futures Market
Answer» C. Stock exchange

Discussion

173.	According to section 179 which one of the following is a power of director?
A.	To buy back its shares
B.	Sell lease or otherwise dispose of the undertakings of the company
C.	Remit or give time for the repayment of any debt due by a director
D.	Making political contributions exceeding specified limits
Answer» B. Sell lease or otherwise dispose of the undertakings of the company

Discussion

174.	What is the name of the process in which an employee informs another responsible employee in the company about potentially unethical behavior?
A.	Whistle-blowing
B.	Purging and releasing
C.	Identification
D.	Information transfer
Answer» B. Purging and releasing

Discussion

175.	Why, according to stakeholder theory, is it in companies' best interests to pay attention to theirstakeholders?
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.

Discussion

176.	which one is the dimension(approach) of corporate social responsibility?
A.	Corporate philanthropy
B.	Stake holders priorities and sustainable development
C.	Ethical business
D.	All of the above
Answer» E.

Discussion

177.	External audit of the accounts of a limited company is required?
A.	Because it is demanded by the company’s bankers
B.	By the companies act 2006
C.	At the discretion of the shareholders
D.	To detect fraud
Answer» C. At the discretion of the shareholders

Discussion

178.	Which moral philosophy seeks the greatest good for the greatest number of people?
A.	Consequentialism
B.	Utilitarianism
C.	Egoism
D.	Ethical formalism
Answer» C. Egoism

Discussion

179.	The Sarbanes-Oxley Act:
A.	makes it easier to fire whistle blowers.
B.	reduces the law’s protection of employees who disclose securities fraud.
C.	makes it illegal for executives to retaliate against employees who report possible violations of federal law.
D.	provides penalties for blowing the whistle illegitimately or maliciously.
Answer» E.

Discussion

180.	Quantification in ethics may be done by
A.	Putting monetary value on prospective actions
B.	Comparing the value of one action with another
C.	Both A and B
D.	Neither A or B
Answer» D. Neither A or B

Discussion

181.	Which of the following is a basic definition of ethics?
A.	moral guidelines for behaviour
B.	rules for acknowledging the spirit of the law
C.	rules or principles that define right and wrong conduct
D.	principles for legal and moral development
Answer» D. principles for legal and moral development

Discussion

182.	The generally accepted definition of a medium business is one with or feweremployees.
A.	50
B.	100
C.	200
D.	250
Answer» E.

Discussion

183.	The view that sees profit maximization as the main objective is known as:
A.	Shareholder theory
B.	Principal-agent problem
C.	Stakeholder theory
D.	Corporation theory
Answer» D. Corporation theory

Discussion

184.	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

Discussion

185.	Applying social criteria to an investment decision refers to .
A.	socioeconomic view
B.	social responsiveness
C.	social responsibility
D.	social screening
Answer» E.

Discussion

186.	External audit of the accounts of a limited company is required
A.	because it is demanded by the company’s bankers
B.	by the Companies Act 2013
C.	at the discretion of the shareholders
D.	to detect fraud
Answer» C. at the discretion of the shareholders

Discussion

187.	What is the enlightened self-interest model of CSR?
A.	That it is in an organization's own best interest to put itself first rather than its ethics.
B.	That it is in an organization's best interest to consider what a shareholder would want.
C.	That it is in an organization's own best interest to act in an ethical way.
D.	That it is in an organization's own best interest to follow the legislation and abide by the law.
Answer» D. That it is in an organization's own best interest to follow the legislation and abide by the law.

Discussion

188.	Periodic ethics audits
A.	Are required by the Indian stock exchange
B.	A method of fostering ethics
C.	A method of quantitative assessment
D.	Always use external consultants
Answer» C. A method of quantitative assessment

Discussion

189.	Which of the following is not a driver of responsible competitiveness?
A.	Policy driver
B.	Development drivers
C.	Business action
D.	Social enablers
Answer» C. Business action

Discussion

190.	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.

Discussion

191.	Codes of conduct and codes of ethics
A.	are formal statements that describe what an organization expects of its employees.
B.	become necessary only after a company has been in legal trouble.
C.	are designed for top executives and managers, not regular employees.
D.	rarely become an effective component of the ethics and compliance program.
Answer» B. become necessary only after a company has been in legal trouble.

Discussion

192.	A company may become insolvent if it
A.	makes a loss
B.	has negative working capital
C.	cannot meet its budgeted level of profit
D.	cannot pay creditors in full after realisation of its assets
Answer» E.

Discussion

193.	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

Discussion

194.	An organization that is owned by shareholders but managed by agents on their behalf isconventionally known as the modern:
A.	Conglomerate
B.	Corporation
C.	Company
D.	Firm
Answer» C. Company

Discussion

195.	Social responsiveness refers to the capacity of a firm to adapt to changing .
A.	societal condition
B.	organizational conditions
C.	societal leaders
D.	organizational managers
Answer» B. organizational conditions

Discussion

196.	Which board of directors committee is responsible for the guidelines on how the board ofdirectors should operate.
A.	Operating
B.	Corporate governance
C.	Corporate compliance
D.	Guiding
Answer» C. Corporate compliance

Discussion

197.	is a document that outlines principles for doing business globally in theareas of human rights, labour, the environment, and anticorruption.
A.	A code of ethic
B.	The Global Compact
C.	The Foreign Corrupt Practices Act
D.	Global Ethics
Answer» C. The Foreign Corrupt Practices Act

Discussion

198.	According to clause 49 on independent directors. What can be maximum tenure ofindependent director.
A.	2 terms of 5 years each
B.	3 terms of 5 years each
C.	2 terms of 10 years each
D.	3 terms of 4 years each
Answer» B. 3 terms of 5 years each

Discussion

199.	What is green washing?
A.	Transforming products to be more ethical.
B.	Making a product appear more ethical that it really is.
C.	Converting the company to green production methods.
D.	Convincing customers to buy ethically.
Answer» C. Converting the company to green production methods.

Discussion

200.	Which act provides sweeping new legal protection for employees who report possible securities 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

Discussion

Explore topic-wise MCQs in Life Sciences.

What is triple bottom line?

Which intervention resulted from the Enron scandal?

How many stages are in the model of an organization social responsibility progression?

The belief that a firm pursuit of social goals would give them too much power is known as what argument in opposition to a firm being socially responsible?

What type of justice exists if employees are being open, honest, and truthful in theircommunications at work?

The framework for establishing good corporate governance and accountability was originallysetup by

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.

are standards of behaviour that groups expect of their members.

Triple Bottom Line reporting refers to:

The term 'asymmetry of information' means information in a corporation is:

Corporate governance can be defined as:

The concept of Corporate Social Responsibility originated in which time period?

Stakeholders are considered more important to an organization when:

The social economy partnership philosophy emphasizes:

The modern corporation has four characteristics. These are limited liability, legal personality,centralized management and:

Who are organisational stakeholders?

What makes a corporation distinct from a partnership?

The generally accepted definition of a small business is one with or feweremployees.

In large corporations, the is/are the legal overseers of management.

According to clause 49 on independent directors. What should be minimum age of independentdirector.

The dimension of social responsibility refers to a business's societal contribution oftime, money, and other resources.

What is kieretsu

According to section 179 which one of the following is a power of director?

What is the name of the process in which an employee informs another responsible employee in the company about potentially unethical behavior?

Why, according to stakeholder theory, is it in companies' best interests to pay attention to theirstakeholders?

which one is the dimension(approach) of corporate social responsibility?

External audit of the accounts of a limited company is required?

Which moral philosophy seeks the greatest good for the greatest number of people?

The Sarbanes-Oxley Act:

Quantification in ethics may be done by

Which of the following is a basic definition of ethics?

The generally accepted definition of a medium business is one with or feweremployees.

The view that sees profit maximization as the main objective is known as:

Global organizations must their ethical guidelines so that employees know whatis expected of them while working in a foreign location

Applying social criteria to an investment decision refers to .

External audit of the accounts of a limited company is required

What is the enlightened self-interest model of CSR?

Periodic ethics audits

Which of the following is not a driver of responsible competitiveness?

Owners of stock in a corporation are only liable for .

Codes of conduct and codes of ethics

A company may become insolvent if it

In the United States, small or medium sized businesses provide over percent oftotal employment.

An organization that is owned by shareholders but managed by agents on their behalf isconventionally known as the modern:

Social responsiveness refers to the capacity of a firm to adapt to changing .

Which board of directors committee is responsible for the guidelines on how the board ofdirectors should operate.

is a document that outlines principles for doing business globally in theareas of human rights, labour, the environment, and anticorruption.

According to clause 49 on independent directors. What can be maximum tenure ofindependent director.

What is green washing?

Which act provides sweeping new legal protection for employees who report possible securities fraud making it unlawful for companies to “discharge, demote, suspend, threaten, harass, or in any other manner discriminate against” them?