Indian Ethos and Business Ethics MCQ
Indian Ethos in Management refers to the values and practices that the culture of India (Bharatheeya Sanskriti) can contribute to service, leadership and management. These values and practices are rooted in Sanathana Dharma (the eternal essence), and have been influenced by various strands of Indian philosophy.
The panel has introduced a mandatory course titled, “Indian ethos and business ethics” which takes effect this year and will include the “gurukul” system of learning and karma, the ancient Hindu concept of cause and effect where intent and actions of an individual influence his or her future.
Business Ethics Multiple Choice Question
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 is 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 portray.
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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