Managerial Economics and Ethics - Business Ethics Questions
- A
The customer-citizen satisfaction and total quality requirements are new recognized as desirable means to assure profitability, survival, and progress by all marketing companies
- B
Ecological crisis for mankind is a burning problem next in importance to corruption and crisis of value
- C
The manager should liberally draw Indian wisdom for achieving the highest levels of excellence in management and organizations
- D
All of the above
- Option : D
- Explanation :
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- A
Initiating new project, new course of action and analysing past experience are the subject matter of corporate planning
- B
The comprehensive nature of the corporate planning process lies in that operational planning, project planning and strategic planning are its constituents
- C
Initiating new project, new course of action and analysing past experience are the subject matter of corporate planning
- D
All of the above
- Option : D
- Explanation :
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| List-I (Thinkers) | List-II (View) |
| (A) George A. Steiner | 1. The aim of the business is to earn profits by utilizing the resources and engaging in open and free competition, without deception or fraud. |
| (B) Milton Friedman | 2. Social values would dominate business values if businesses concerned themselves with ethics. |
| (C) Theodore Levitt | 3. "As a Statement of purpose, maximizing of profit is not only unsatisfying, it is not even accurate. A more realistic statement has to be more complicated. The corporation is a creation of society whose purpose is the production and distribution of needed if the whole is to be accurate; you cannot drop one element without doing violence to facts". |
| (D) V. B. Dyes | 4. "The managers of the biggest companies know as a business gets larger, the public takes more interest in it because it has a greater impact on the community. The antennae of these managers are tuned to public opinion and they react to it. They seek to maintain a proper image of their company in the public mind. This leads to the assumptions of greater social responsibilities". |
- Option : B
- Explanation :
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25. The upper limits of ethical standards for international companies are set by _________.
- Option : A
- Explanation :
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