MGT610 Business Ethics Mid  Term Paper


Question No: 1 ( Marks: 1 ) - Please choose one
The modern corporations consist of ________.
None of the given
Stock holders, Employees, Customers
Stock holders, Employees, Directors
Directors, Managers, Customers

Question No: 2 ( Marks: 1 ) - Please choose one
Which one of the following is NOT the criterion employed by different ethicists to evaluate moral reasoning?
Moral reasoning must be logical
Factual evidence must be accurate, relevant, and complete
Moral standards must be consistent
Moral development must be ethical

Question No: 3 ( Marks: 1 ) - Please choose one
Mujeeb and Imran are defendants charged by the government for insider trading. According to the prisoner's dilemma scenario what will result in the worst outcome for
Mujeeb?
Mujeeb confesses and Imran does not.
Both Mujeeb and Imran confess.
Both Mujeeb and Imran stay silent.
Mujeeb doesn't confess and Imran does.

Question No: 4 ( Marks: 1 ) - Please choose one
Who is the supporter of Categorical Imperative?
Kant
Sidgwick
Bentham
Mill

Question No: 5 ( Marks: 1 ) - Please choose one
If Sameer destroy Sajjid s property or injure him bodily, Sameer will be held morally responsible for paying him damages. This is an example of:
Redistributive justice
Compensatory justice
Distributive justice
Socialist s justice

Question No: 6 ( Marks: 1 ) - Please choose one
Suppose a female manager supervises 10 people and one of them is a friend of hers. One day she catches her friend stealing from the company. Should she turn in her friend as company policy requires or should she say nothing to protect her friend. This is an example of?
Demands of caring
Demand of justice
Conflict between caring and justice
None of the given options

Question No: 7 ( Marks: 1 ) - Please choose one
Which one of the following moral judgment approaches will be used when someone's actions and policies will substantially affect the welfare and freedom of specifiable individuals?
Utility
Rights
Justice
Caring

Question No: 8 ( Marks: 1 ) - Please choose one
In which system slavery would be entirely legal?
Free market system
Command economy system
Voluntary exchange system
Pure free market system

Question No: 9 ( Marks: 1 ) - Please choose one
Who has defended free markets on the basis of utilitarian argument?
Friedrich A. Hayek
Alasdair MacIntyre
Adam smith
John Locke

Question No: 10 ( Marks: 1 ) - Please choose one
Which of the following is an economic system in which the means of production are privately owned and operated for a profit?
Communism
Captalism
Liberalism
Socialism
Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following economist has the harshest and most influential critics of the inequalities that private property institutions and free markets accused of creating?
John Maynard Keynes
Karl Marx
Adam Smith
David Ricardo
Question No: 12 ( Marks: 1 ) - Please choose one
Which of the following is NOT a moral outcome of perfectly competitive markets?
Justice
Utility
Rights
Faith

Question No: 13 ( Marks: 1 ) - Please choose one
Chicken Delight is chain of food stores whose major product is chicken. Chicken Delight would sell a franchise license to a person only if the person also agreed to purchase a certain number of cookers, fryers, and other suppliers. This is an example of:
Tying arrangement
Exclusive dealing arrangement
Retail price maintenance agreement
Manipulation of supply

Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following refers to the undesirable and unintended contamination of the environment by the manufacture or use of commodities?
Toxic substance
Pollution
Acid rain
Airborne toxic

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the public policy view advocate breaking large firms up into smaller units?
The Chicago school view
The do-nothing view
The anti-trust view
The regulation view

Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following is the discipline that studies the moral relationship of human beings to, and also the value and moral status of, the environment and its non-human
contents?
Environmental ethics
Business ethics
Moral ethics
Social ethics

Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following is a cost that manufacturers don t bear?
Private cost
Social cost
Product cost
None of the given options

Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is not based on the idea that the environment should be protected for the sake of human beings?
Environmental ethic
Ecological ethic
Blackstone s ethic
Utilitarian ethic
Ecological ethics or deep ecology is not based on the idea that the environment should be protected for the sake of human beings. Instead, ecological ethics are based on the idea that nonhuman parts of the environment deserve to be preserved for their own sake, regardless of whether this benefits human beings.

Question No: 19 ( Marks: 1 ) - Please choose one
Which one of the following is the principal Utilitarian remedy for pollution?
To internalize the external costs of production
To externalize the internal costs of production
To minimize the total social cost of production
To maximize the total social cost of production

Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following seems to be consistent with the utilitarian way of dealing with pollution (i.e. by internalizing costs)?
Rights
Justice
Both rights and justice
None of the given options

Question No: 21 ( Marks: 1 ) - Please choose one
Who summarized the procedure for cost and benefit analysis?
Adam Smith
Thomas Klein
John Rawls
Samuel Johnson

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following discipline argued that to solve our ecological problems, we must first change the destructive modes of thinking?
Ecological ethic
Social ecology
Social audit
Eco-feminism

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following describes provides a new model with some tools for navigating the deep and often confusing relationship between client and caregiver and for preventing the harmful consequences of ethical misconduct?
Ecological ethic
Social ecology
Ethic of caring
Eco-feminism
The Ethics of Caring provides a new model with some tools for navigating the deep and often confusing relationship between client and caregiver and for preventing the harmful consequences of ethical misconduct.

Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following is the only way of ensuring a supply for tomorrow s generations?
Conservation
Reservation
Preservation
None of the given options

Question No: 25 ( Marks: 1 ) - Please choose one
Which of the following statements could NOT be made by a believer in ecological ethics?
The world must be protected for the sake of human beings
The well-being of all the life on earth has value in itself
Humans have no right to reduce the diversity of life except to satisfy vital needs
Appreciate the quality of life rather than striving for a higher standard of living

Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following is based on the idea that nonhuman parts of the environment deserve to be preserved for their own sake?
Environmental ethic
Deep ecology
Blackstone s ethic
Utilitarian ethic

Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following theory assumes that the manufacturer can discover the entire risk associated with using a product before it is actually used?
The liability theory
The due care theory
The contractual theory
The social cost theory

Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following is NOT a valid criticism on the ethics of advertising?
Advertising uses images that many find vulgar and offensive
Advertising debases the tastes of consumers
Advertising is wasteful
Advertising promotes monopolies

Question No: 29 ( Marks: 1 ) - Please choose one
All of the following are deceptive or manipulative marketing practices, EXCEPT:
Multiple pricing
Bait and switch selling
Markdowns from a suggested retail price that is never charged
Everyone can freely enter and exit the market

Question No: 30 ( Marks: 1 ) - Please choose one
How many people died each year in America by lighter explosions?
100
200
300
400

Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following is the degree of risk associated with using a product?
Reliability
Service life
Maintainability
Product safety

Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following is one of the areas of producer responsibility according to due care theory?
Duty to produce healthy products
Duty to disclosure
Duty not to coerce
Duty not to misrepresent

Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following is the only way of indicating whether a process is fair or discriminatory?
See what happens to minorities as a group
See what happens to minorities only
See what happens to a group only
See what happens to majority only

Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following is NOT a statement which presents the firm s view on ethics?
Value statement
Morality
Ethical philosophy
Code of ethics

Question No: 35 ( Marks: 1 ) - Please choose one
A bakery advertises that its latest product can lower cholesterol even though the bakery cannot prove this claim. This situation involves an ethical issue related to which element
of the marketing mix?
Product
Price
Promotion
Distribution

Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following books was written by John Kenneth Galbraith?
The Affluent Society
The Road of Serfdom
The Wealth of Nations
The Prisoner s Dilemma

Question No: 37 ( Marks: 1 ) - Please choose one
Who argued that advertising is manipulative: it is the creation of desires in consumers for the sole purpose of absorbing industrial output?
Nicholas Kaldor
Kotler
K. Galbraith
Hayek

Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following is a proposed program where a large scale publicly funded education program aimed at empowering ordinary citizens?
Investment in men
Investment in women
Investment in children
Investment in non-humans

Question No: 39 ( Marks: 1 ) - Please choose one
Which of the following attributes translates the statement Marketers should not exploit the credulity, lack of knowledge or inexperience of consumers ?
Safety
Legality
Honesty
Truthfulness

Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following is a wrongful act of distinguishing illicitly among people not on the basis of individual merit, but on the basis of prejudice or some other invidious or morally reprehensible attitude?
Discrimination
Job discrimination
Affirmative action
Discriminatory practice

Question No: 41 ( Marks: 1 ) - Please choose one
Which of the following is the primary function of commercial advertisements?
Provide unbiased information
Sell products to prospective buyers
Provide biased information
None of the given options

Question No: 42 ( Marks: 1 ) - Please choose one
Which of the following makes freedom of choice impossible?
Information
Probability
Misrepresentation
Ignorance

Question No: 43 ( Marks: 3 )
What do you understand by environmental injustice?

Question No: 44 ( Marks: 3 )
Define Eco-feminist and social ecology.

Question No: 45 ( Marks: 3 )
What is the Galbraith s major proposal called? Briefly discuss.

Question No: 46 ( Marks: 5 )
Discuss why we cannot rely on market mechanism to ensure adequate conservation for
future generations.

Question No: 47 ( Marks: 5 )
Critics of the social costs view of business' duties to consumers point out that it leads to an increased number of "strict liabilities" lawsuits and may bankrupt the insurance industry. What are the facts concerning this issue? Is it a valid criticism?

Question No: 48 ( Marks: 10 )
What do you mean by industrial ecology? What are the ethical responsibilities of ecology based organization? Why do we need industrial ecology?

 


Question No: 49 ( Marks: 10 )
Internet privacy forms a subset of computer privacy. Experts in the field of Internet privacy have a consensus that Internet privacy does not really exist. Privacy advocates believe that it should exist. Do you agree with this statement or not ? Explain your arguments with the help of example.