Indian Ethos and Business Ethics MCQ - Summary
Indian Ethos and Business Ethics MCQ focuses on understanding how the traditional values of India (Bharatheeya Sanskriti) can enhance modern management practices. This approach emphasizes the importance of culture in nurturing service, leadership, and effective management skills. The teachings of Sanathana Dharma (the eternal essence) play a crucial role in shaping these principles, which are deeply influenced by various strands of Indian philosophy.
Introducing Indian Ethos and Business Ethics
This year, a mandatory course titled “Indian Ethos and Business Ethics” has been introduced. This program will incorporate the traditional “gurukul” system of learning and karma, which is the ancient Hindu principle explaining how an individual’s intentions and actions impact their future.
Business Ethics Multiple Choice Questions
Q. What is meant by the phrase CSR?
a) Corporate Social Responsibility
b) Company Social Responsibility
c) Corporate Society Responsibility
d) Company Society Responsibility
Q. What is meant by the phrase ‘teleological ethics’?
a) Is used to judge if an action is right, fair and honest.
b) An action can only be judged by its consequences.
c) Developing the individual personal characteristics.
d) The key purpose of ethics is to increase freedom.
Q. What does Milton Friedman believe to be the sole responsibility of business?
a) The only social responsibility of business is to its shareholders.
b) Managers should act in ways that balance the interest of society and shareholders.
c) The primary responsibility organizations have is to its employees.
d) The primary responsibility organizations have is to its stakeholders.
Q. 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 portrays.
d) If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.
Q. 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.
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