Di 5/5

[CHAMBHARE SAURABH VASANTRAO]

Q1.Discrimination is unlawful on a number of grounds in India. Which of the following is not covered?

A.    Religious belief.

B.     Age.

C.     Political belief.

D.    Sexuality.

Ans – C. Political beliefs

 

Q2.Which of the following statements about Equal Opportunity as opposed to Affirmative Action policies is true?

A.    Equal opportunity mainly targets isolated intentional discrimination and Affirmative Action institutional unintentional discrimination.

B.     Equal opportunity mainly targets institutional unintentional discrimination Affirmative Action isolated intentional discrimination.

C.     Equal opportunity mainly targets institutional intentional discrimination Affirmative Action isolated unintentional discrimination.

D.    None of the above.

 Ans. A. Equal opportunity mainly targets isolated intentional discrimination and Affirmative Action institutional unintentional discrimination

 

Q3. What is the best argument for affirmative action? 

A.Reverse preferences are just compensation for past discrimination.

B.Reverse preferences promote social justice: by offsetting lingering remnants of wrongful discrimination they make for truer equal opportunity.

C.Reverse preferences best promote the public welfare by helping the poor

D.None of the above

Ans – B. Reverse preferences promote social justice

 

Q4.The utilitarian argument against job discrimination premises, or holds, which of the following?

 

A.    Jobs awarded on the basis of race, sex, and religion, are not being awarded solely on the basis of competency or "merit".

B.     Social productivity is optimized, and the general welfare, consequently, best promoted, when jobs are awarded solely on the basis of competency.

C.     Both of the above.

D.    None of the above.

Ans. - C Both of the above.

 

 Q5. Principle duties of the firm to the employee on the rational structure view, include which of the following? 

A.    Fair compensation.

B.     Fair working conditions.

C.     Both A and B.

D.    None of the above.        Ans.-  C

 

Q6. The principal Utilitarian remedy for pollution is

A.    to internalize external costs of production.

B.     to externalize internal costs of production

C.     to minimize the total social cost of production. 

D.    to maximize the total social cost of production. 

Ans – C. to minimize the total social cost of production

Q7. Maximizing short-term economic performance, no matter what the cost, is the emerging trend in business and should be continued. 
FALSE

 

·         Employment at will gives employers wide latitude dismissing or terminating workers:

True / False

 

·         Whistle blowing can be done by anyone inside and outside the organization:

True / False

 

·         3 major arguments for trade secret protection are property, fair competition and confidentiality:

True / False

 

·         Discrimination can be divided in various forms on the basis of sex, religion, national origin, age & physical disability:

True / False

 

·         OSA Act is Occupational Safety & Health Act:

True / False

 

The doctrine of consumer sovereignty says that consumers are king in the economy because they ultimately decide whether to buy a company’s product:

True / False

 

Caveat Emptor means: let the buyer beware:

True / False

 

 

 

·         According to Bruce Kaufman, in the context of industry-workers-people relations, who among the following suffers due to inequality of bargaining power?

 

a.      Workers

b.      Shareholders

c.       People

d.      Environment

e.      None of the above

 

·         If the principal responsibility of setting the wages rests on the market factors, which of the following ethical principal are at work?

 

a.        Freedom

b.      Welfare

c.       Desert

d.      All of the Above

e.       None of the Above

 

·         Which of the following objectives could be achieved by fair wages?

a.      Wealth maximization

b.      Equitable distribution of wealth

c.       Ownership sharing

d.      Stakeholder’s equity

e.      Justice to people

 

·         Which of the following depicts the classical principal-agent relationship?

 

a.       Shareholder – Employee

b.      Organization –CEO  

c.       Organization – Shareholder 

d.      Employee – shareholder

e.       CEO – Shareholders

 

·         CEOs are fiduciaries for shareholders -True/False – True

·         Knowledge Society concept was originated by

a)      Adam Smith

b)      Edward Freeman

c)      Peter Drucker

d)      Charles Blattberg

e)      Aristotle

 

·         Which amongst the 4Ps of marketing draws the greatest moral scrutiny?
a) Product
b) Price
c) Promotion
d) Placement
Ans. C

 

·         With respect to customers, the main moral obligation of a salesperson is to?
a) Disparage the competition
b) offer kickbacks
c) facilitate the conditions for a fair transaction
d) use high-pressure tactics to sell
Ans. C

 

·          Which theory is NOT used to determine when a product is defective and
what is owed to the victims of accidents caused by defective products?

a) The Due Care Theory
b)The Contractual Theory
c)The Strict Liability Theory
d)Entitlement Theory

Ans. D

 

·         Section 2-316 of the Uniform Commercial Code (UCC) provides for
exclusion or modification of an implied warranty of merchantability as
long as the following is NOT fulfilled?
a)the buyer’s attention is drawn to the fact that no warranty is being given
b)the buyer has the opportunity to examine the goods
c)the defect is one that can be detected on examination
d)the terms of the contract are unequal

Ans. D

 

·         Stakeholder theory was originally detailed by

f)       M. Friedsman

g)      Adam Smith

h)      Charles Blattberg

i)        Edward Freeman

 

1)      Which is the only country except Somalia which has not ratified the ‘Convention on the Rights of the Child ‘

a)      USA

b)      India

c)      Equador

d)      Pakistan

 

2)      The term 'sustainable development':

a) refers to compliance with environmental legislation.      

b) refers to cost savings generated from lower wages in developing economies.

c) has the same meaning as competitive advantage.

d) refers to practices which enhance 'the triple bottom line'.

 

4) Greenwashing refers to the practice of:
a) promoting sustainable development.
b) engaging with environmental pressure groups.
c) the attempt to create a false impression of environmental friendliness.
d) commitment to humanitarian causes.

 

5)      Ethical investment:

a) normally matches the performance of traditional investment.
b) normally underperforms against traditional investment.
c) is declining.
d) is impossible to measure.

 

6)      Companies that engage in environmental management normally experience:
a) higher costs.
b) lower productivity.
c) decreased market share.
d) less material usage

 

7)      Corporate codes of ethics:
a) are always externally audited.
b) create guidelines for employees to work by.
c) are always compliance based.
d) are always integrity based.

 

Q1.Discrimination is unlawful on a number of grounds in India. Which of the following is not covered?

E.      Religious belief.

F.       Age.

G.     Political belief.

H.     Sexuality.

Ans – C. Political beliefs

 

Q2.Which of the following statements about Equal Opportunity as opposed to Affirmative Action policies is true?

E.      Equal opportunity mainly targets isolated intentional discrimination and Affirmative Action institutional unintentional discrimination.

F.       Equal opportunity mainly targets institutional unintentional discrimination Affirmative Action isolated intentional discrimination.

G.     Equal opportunity mainly targets institutional intentional discrimination Affirmative Action isolated unintentional discrimination.

H.     None of the above.

 Ans. A. Equal opportunity mainly targets isolated intentional discrimination and Affirmative Action institutional unintentional discrimination

 

Q3. What is the best argument for affirmative action? 

A.Reverse preferences are just compensation for past discrimination.

B.Reverse preferences promote social justice: by offsetting lingering remnants of wrongful discrimination they make for truer equal opportunity.

C.Reverse preferences best promote the public welfare by helping the poor

D.None of the above

Ans – B. Reverse preferences promote social justice

 

Q4.The utilitarian argument against job discrimination premises, or holds, which of the following?

 

E.      Jobs awarded on the basis of race, sex, and religion, are not being awarded solely on the basis of competency or "merit".

F.       Social productivity is optimized, and the general welfare, consequently, best promoted, when jobs are awarded solely on the basis of competency.

G.     Both of the above.

H.     None of the above.

Ans. - C Both of the above.

 

 Q5. Principle duties of the firm to the employee on the rational structure view, include which of the following? 

E.      Fair compensation.

F.       Fair working conditions.

G.     Both A and B.

H.     None of the above.        Ans.-  C

 

Q6. The principal Utilitarian remedy for pollution is

E.      to internalize external costs of production.

F.       to externalize internal costs of production

G.     to minimize the total social cost of production. 

H.     to maximize the total social cost of production. 

Ans – C. to minimize the total social cost of production

Q7. Maximizing short-term economic performance, no matter what the cost, is the emerging trend in business and should be continued. 
FALSE

 

[CHAMBHARE SAURABH VASANTRAO]

Dear Sir,

Pls find the questions with their authors. I had missed the last time :-(

Priyank Sharma

Shrikant Gajbhiye

·         Employment at will gives employers wide latitude dismissing or terminating workers:

True / False

 

·         Whistle blowing can be done by anyone inside and outside the organization:

True / False

 

·         3 major arguments for trade secret protection are property, fair competition and confidentiality:

True / False

 

·         Discrimination can be divided in various forms on the basis of sex, religion, national origin, age & physical disability:

True / False

 

·         OSA Act is Occupational Safety & Health Act:

True / False

 

The doctrine of consumer sovereignty says that consumers are king in the economy because they ultimately decide whether to buy a company’s product:

True / False

 

Caveat Emptor means: let the buyer beware:

True / False

 

 

 Saurabh Sheela Vasant Chambhare

Ankur Pandit

Subash P Balan