Managerial Economics and Ethics - Business Ethics Questions
47. Which statement is/are true?
- A
Social involvement of business managers is likely to degrees the company from its main objective
- B
Corporate social responsibility is seriously considering the impact of the company's decisions and actions on the environment and the society
- C
Business management must consider the social and ethical implications of its decisions
- D
All of the above
48. Which statement is true about value-oriented?
- A
Value driven management combined with requisite skills improve the quality of work life and enhance the reputation of a company
- B
Human values can only blossom in interiorised and quiet minds
- C
Management by consciousness demands presence of values in our character and personality
- D
All of the above
- A
Strategic decisions are usually taken by top managers, while route decisions are make mostly by lower level managers
- B
Routine decisions involve no extraordinary judgment, analysis, and authority, since they are to traverse along more or less fixed avenues
- C
Planning as a whole with its component parts like objectives, policies, and procedures is the outcome of decision making
- D
All of the above
| List-I (Element of Modern Management Thought) | List-II (Features) |
| (A) Adaptive | 1. Consequent resul |
| (B) Probabilistic | 2. Controllable |
| (C) Multivariate | 3. Adjust to change |
| (D) Multidisciplinary | 4. Social psychology |
| 5. Component |
