December 2014 - Paper 3

56:  

At which stage of ethical consciousness, there is a shift in focus from 'business' to 'ethics'?

A.

Corporate social responsibility

B.

Long-term profit maximisation

C.

Stakeholders concept

D.

Short term profit maximisation

 
 

Option: A

Explanation :

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57:  

Which of the following is not an individual method of performance appraisal?

A.

360-degree appraisal

B.

Management By Objective (MBO)

C.

Behaviourally Anchored Rating Scale (BARS)

D.

Checklist method

 
 

Option: A

Explanation :

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58:  

The four types of social responsibility include :

 

A.

Legal, Philanthropic, Economic and Ethical

B.

Ethical, Moral, Social and Economic

C.

Philanthropic, Justice, Economic and Ethical

D.

Legal, Moral, Ethical and Economic

 
 

Option: A

Explanation :

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59:  

An act that provides for certain benefits to employees in case of sickness, maternity and employment injury is

A.

The Employer Liability Act, 1938

B.

The Employees' Compensation Act, 1923

C.

The Payment of Wages Act, 1948

D.

The Employees' State Insurance Act, 1948

 
 

Option: D

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60:  

Pichot suggested three roles for the intrapreneur in promoting innovation. Indicate the correct answer.

A.

Inventor, innovator and sponsor

B.

Inventor, product champion and sponsor

C.

Team builder, information source and advocate

D.

Mould breaker, change agent and sponsor

 
 

Option: B

Explanation :

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