____________ refers to social responsibility

a. Obligation to pursue policies, make decisions, and take actions that benefit society, by a business
b. A business tactic used to create relationship bonds with customers
c. Legal obligation of a company to protect their employees.
d. Responsibility of a business firm to its shareholders.

Half-yearly declaration of financial performance including summary of the significant events in lastsix-
months,should be sent to each household of shareholders is recommendation of
A)Kumar Mangalam Birla Committee (2000)
B) Naresh chandra Committee(2002)
C) Reserve bank of India report of the advisory group
D) N.R Narayana murthy committee(2003)

managers can encourage more ethical decision making in an organization by

A) Training employees in how to make ethical decisions
B) create an ethical climate
C) establish a specific code of ethics
D) all of these

Which three ethos should be integrated to arrive at good business ethics

A) Social ethos, Managerial Ethos & employment ethos
B) Environmental ethos,ethos of the local society and ethos of the local govt
C) Customer ethos,supplier ethos and ethos of financial institutions
D) Social ethos, professioanl ethos and personal ethos

Intellectual property must be protected by

a. All business organisations dealing in products and services
b. Only those business organisations that deal in services
c. Non profit making organisations
d. Only those business organisations that deal in financial derivatives

Siyarams Markets, a local supermarket chain in Canberra, expanded by purchasing four existing stores. One
of the stores was located in a neighbourhood lower-class community area of Canberra unlike the store's
typical upscale customer demographic. Rather than sell the property, the owners decided they had a(n)
______ to provide a neighborhood grocery store to that community.
a. Legal stakeholder duty
b. Fiscal responsibility
c. Social responsibility
d. Organizational responsibility

Organizations must protect intellectual property to safeguard it from

A) Industrialists
B) Infringement
C) Investors
D) None of these

Insider trading refers to the practice of purchasing or selling a publicly-traded company's securities while in
possession of
1.both non-public, material information about that company.
2.only non public, about that company.
3.only material information about that company.
4. none of these

Corporate governance comprises of ________ activities.

a. Direction and accountability
b. Direction, executive action, supervision and accountability
c. Executive action and direction
d. Direction, supervision and accountability

The Utilitarian theory states that the most ethical choice is the one that will
a. Create greatest good of selective people
b. Create greatest good of the greatest number of people
c. Generate average living of the greatest number
d. Focus on self as the greatest among the maximum people

Which of the following is NOT an example of a stakeholder group that an organization must satisfy to assure
long term survival?
Investors
Customers
Media
Employees

Categorical imperatives are descibes by

a. Immanuel Kant
b . Thomas Hobbes
C. Plato
D. Kholberg
In ________ Board there is no separation between ownership and management in
A. All Executive board
B. two-tie supervisory board
C.majority executive board
D.majority outside board

Increased importance of business ethics in India is due to

1.Increased social anti-sentiment towards unethical behavior
2.Investigative journalism.
3.Both increased social anti-sentiment towards unethical behaviour and investigative journalism
4. None of these

The concept of corporate sustainability is synonymous to the concept of

a. Good governance
b. Corporate governance
c. Public information
d. Sensitive information

Under section 135 of companies (Corporate Social Responsibility Policy) Rules, 2014 a Corporate Society
Responsibility Committee should be set up consisting of
a. 3 or more Directors
b. 2 or more Directors
c. 3 directors
d. 2 directors

------- is an integral part of successful organization?

A. Decision Making
B. Decision implementation
C. Both Decision Making and Decision implementation
D. None of these

Kamal is a lead independent director in a company. The role played by him is/are:
a. To improve corporate governance standards of the company by working as a watchdog.
b. To direct the company with technical expertise, independent judgement and innovation.
c. To monitor the output and efficiency of the company
d. All of these
The need for Corporate Social Responsibity arises from
All of these

Bayer AG, Syndial SpA, Crompton Corp, DuPont Dow Elastomers, and Zeon Chemicals are all international
manufacturers of rubber chemicals. They have all been indicted as participants in a price-fixing scheme that
drove up the costs of chemicals used to make shoes, tyres, and other products. They would be most likely to
use the ______________ model to justify their actions
A. Economic
B.Stakeholder
C.Shareholder
D.Accounting

Which of the following is NOT an example of a stakeholder group that an organization must satisfy to assure
long term survival?
Investors
Customers
Media
Employees

which of the following statements about ethics is true?

Ethics is the set of moral principles or values that defines right and wrong for a person or group

______ is a more Pragmatic and action-oriented concept of corporate social responsibility

Social responsibility view
Social obligation view
Social economic view
social responsiveness view

long term impact of compromising with environmental values is global climatic change by (a) release of
greenhouse gases to atmosphere (b) release of ozone depleting agents to atmosphere
both a and b are correct
Only (a) is correct
only (b) is correct
Both (a) and (b) are incorrect

Which statement is correct in context to section149, shall have a Board of Directors consisting of individuals
as directors and shall have—
(a) a minimum number of three directors in the case of a public company ,
(B)two directors in the case of a private company
(c)one director in the case of a One Person Company and a maximum of fifteen directors:
(d) All the above
A _____ helps in building a strong ethical structure
a. Virtue theory
b. Public hearing activity
c. Legal affairs activites
d. Model ethical codes

As per Section 135 of the companies act 2013 and companies rule 2014 required that every company having
net worth of rupees 500 crore or more, or turnover of rupees 1000 crore or more or a net profit of rupees 5
crore or more during any financial year shall ensure that the company spends in every financial year in
pursuance of its Corporate Social Responsibility (CSR) Policy
a. At least 2% of the average net profits made during the two immediately preceding financial years
b. At least 5% of the average net profits made during the three immediately preceding financial years
c. At least 5% of the average net profits made during the two immediately preceding financial years
d. At least 2% of the average net profits made during the three immediately preceding financial years

which committte recommended Both the managing director as also the whole time directors should not be
appointed for more than 5 years at a time
a. Kumar Mangalam Birla Committee
b. JJ Irani Committee
c. Naresh Chandra Committee
d. NR Narayan Murthi Committee

Companies are not considered unethical if they do not perform their ____ responsibilities.
a. Discretionary
b.legal
c.fiscal
d.overt

Financial reporting in respect of each product segment should be available to shareholders and the market to
obtain a complete financial picture of the company was proposed by
A)Kumar Mangalam Birla Committee (2000)
B) Naresh chandra Committee(2002)
C) Reserve bank of India report of the advisory group
D) N.R Narayana murthy committee(2003)

___________should have a full knowledge and understanding of corporate activity profile

a.EtMS auditor
b.an ethical leader
c.account personal
d.executives and supervisors

environmental injury does not include

a. flash floods
b. land slides
c.natural weather
d.acid rain

Generally a board member who is a source of information about a firm’s day to day activities is classified as
a(an) _ Director
a. Lead Independent
b. Inside
c. Related
d. Encumbered

_________________ has replaced Clause 49 II A of the SEBI Listing Agreement.

a. SEBI Regulations 2015 (Listing Regulations)
b. SEBI Regulations 2013 (Listing Regulations)
c. Companies Act 2014 (Listing Regulations)
d. RBI Regulations

Performance of the Boards of Directors is better when

a. CEO is also the chairperson of the board of directors.
b. board includes employees as voting members
c. board is homogenous in composition
d. outside directors own significant equity in the organization

Ethics is also known as code of

a.Practices
b.Conduct
c.Professionals
d.Wisdom

An independent director in a family board has many benefits except?

d.An outside/independent director can support the necessary reorganisation and help to moderate its
impact on family members.
a.He can refrain himself from getting involved either in family problems or in day to-day company affairs.
b.He can counsel against nepotism on the issue of succession.
c. He can help to sort out the governance processes for the benefit of family directors.
Ramesh, a security specialist at the Rocky Flats nuclear facility outside Denver, became alarmed about the
temporary removal of 450 kilograms of plutonium oxide from a vault-like room to a "soft room" protected
by drywall that you could punch a hole through. Graf eventually had to take his concerns to the media before
the plutonium was stored once again in a safe location. Ramesh actions can be described as a(n) .
a. Whistleblower
b. Ethical ombudsman
c. Secondary stakeholder
d. Cover stakeholder

______ plays an important role in developing a satisfactory ethics management system.

1.Auditor and ethical leader
2.Supervisor and coordinator
3. Ethical leader and coordinator
4. Only an auditor

Gender diversity is in practice in many companies across the globe in order to

a. Increase the board size
b. Give employment to women
c. Uplift the standard of corporate governance
d. Increase confidence in corporate governance

Naresh Chandra Committee (2002) states that

a.All independent directors should be required to attend atleast one training course before
assuming responsibilities as an independent director, or within one year of becoming an
independent director

A person shall not be appointed as small shareholder director of a company. If the person is not eligible for
appointment in terms of company rules 2014.
a. Section 149(6)
b.Section 149
c.Section 164
d.Section 167

Harm Principle, one of the first principles to be applied for deciding on the ethically of an action towards
environment, states one should not do something to the environment which (a) one would not like to be
done on oneself (b) if done on oneself, Would harm or injure oneself.
O Both (a) and (b) are correct
O Only (a) is correct
O Only (b) is correct
O Both (a) and (b) are incorrect
K.M. Birla Committee was set up by
a.SEBI
b.RBI
c.CII
d.MCA

One of the difficulty in maintaining ethical practices in an organisation is

a. Technology limitations
b. Workforce limitations
c. Managerial limitations
d. Honesty and integrity of the employees

__________ is/are described as Intellectual Property

a. inventions and images used in commerce
b. Literary and artistic works used for commercial Purpose
c. Designs and symbols used in commerce
d. All of these

If a company appoints a new director or reappointment of a director, the shareholders must beprovided with
information
a) A brief resume of the director.
b) Nature of his expertise in specific functional areas.
c) Names of companies in which the person also holds the directorship and the membership ofcommittees of
the board.
d) All of these.

Ethical consumerism movement has a central theme to

a. Eradicate all sorts of unethical practices associated with manufacturing
b. Eradicate all sorts unethical practices prevalent in manufacturing
c. Bring a global change in the manufacturing environment and approach towards product generation
d. All of these

__________ among the following options best described as Business Ethics?

a.Nobility of operation philosophy that is upheld by actual practices of a business enterprise.
b.Good behaviour of business managers.
c.An abstract description used by the society.
d.Summary of ethics practiced by different constituent professions.
The clause ______________ of the Listing Agreement that applies to all companies whose equity shares are
listed on a recognized stock exchange. The options provided are:
49
42
152
52

the second category of people impacted by corporate decisions and actions are
a.company board of directors, employees, suppliers, and customers
b.company's employees,suppliers,customers and business investors
c.Business competitors,company board of directors, employees, suppliers
d.Business competitors,company board of directors and business investors

The best option among the following to explain Jurisprudence is

a. Analysing changes in ethics policy of the company by CII
b. Analysis of the cases related to ethics by the Supreme Court
c. The philosophy and theory of law-looking into the purposes for certain laws being enactied
d. Examining existing ethical opinions and standards of behaviour of business organisations

The age limit and tenure of directors in PSUs and PSBs are governed by the

Human Resources Development

Corporate governance revolves closely around the relationship between which two parties?
a. Workers and the board of directors
b. The board of director and shareholders
c. The board of directors and managers
d. The board of directors and consumers

An ethical dilemma is a:
A. Problem in the decision-making process betweeen two possible alternatives, neither is morally acceptable.
B. Problem in the decision-making process between morally right and wrong alternatives
a. Only A is correct.
b. Both A and B are correct.
c. Both A and B are fales.
d. Only B is correct

Sarbanes-Oxley Act of 2002 is also known as

a. Auditors Act
b. Investor Protection Act
c. Companies, and Investor Protection Act
d. Corporate and Auditing Accountability and Responsibility Act

According to the Naresh Chandra Committee (2002) an independent director of a company is a non-
executive director who
a. Has not been a director, independent or otherwise, of the company for more than 3 (three) terms of 3
(three) years each [not exceeding 9 (nine) years in any case].
b. Is not related to promoters or management at the board level or at one level below the board.
c. Has not been an executive of the company in the immediately preceding 3 (three) financial years.
d. is not a partner or an executive of the statutory audit firm or the internal audit firm that is

Nisha and daughters enterprises aim to establish an effective corporate governance mechanism. It is
compulsary for the company to frame risk management policy. Nomination and renumeration policy and
board diversity policy as mandated by
a.both companies act 2013 and the new sebi listing
requirement 2015

b.Comapnies Act,2013
c.new sebi listing requirements,2015
d.none of these

According to companies act 2013 an independent director shall hold office for a term upto Consecutive years
on the board of a company
a.5
b.3
c.2
d.4

independent Director is
a. Non- Executive element on the board
b. Executive element on the board
c. Chairman of the board
d. CEO

__________ is/are can be affected adversely by Business Scams

a. Concerned country
b. Wealth of Investors
c. Owners of the company
d. All of these
Ethics can be visualised as representing _____ of human strata.
a.macro- conscience
b.micro- conscience
c.Heart
d.any of these

______________ plays a key role in ensuring compliance to ethical requirements?

a. Legal aspects identification
b. Environmental aspects identification
c. Ethical performance environment
d. Creation of a sincere and dedicated workforce

the first category of people impacted either directly or indirectly by corporate decisions and actions comprise
a.Business investors
b. company's employees
c. company board of directors
d.customers

advisory directors are appointed for the tenure of?

a. 5 years
b.3-4 years
c.2-3 years
d. more than 5 years

the company and independent directors shall abide by the provisions specified in
a.Schedule IV of the Companies Act, 2013
B.Schedule VI of the Companies Act, 2013
c.Schedule IV of the Companies Act, 2015
d.Schedule VI of the Companies Act, 2015

Petro Refiners Ltd. Urgently wants technology to improve efficiency. Which of the practices is lawful and
NOT infringement of a technology from other enterprises
Attend Petroleum trade fair to gather business intelligence

_________ refer to those products that are produced through ethical means by organisations that would
guard and uphold ethical practices and ethical requirements of all operations and activities
O Ethical products
O Consumer products
O Environmental products
O Green products
criteria for appointment and performance evaluation of independent directors is mentioned in
a. Clause 49 of Companies act 2014
b. Clause 49 (revised) of Companies Act 2013
c. Clause 35 B
d. Clause 35 A

An ethics auditor must be

a. A person with knowledge of SOX Act
b. A person with the Audit expertise
c. A person who has undertaken audit cases
d. None of these

A business activity is bound by the and/or addressing the requirementof the supplier as well as the customer
informal commitment
formal commitment
Both informal and formal commitment
none of these

Several members of the board of directors of Amyra Textile Products (ATP) have proposed creating the
position of lead director, what circumstances would most likely have initiated this proposal?
a. ATP has been the imitation of several hostile takeovers in the last two years
b. The CEO Chairperson of the board has been suspected of opportunistic behavior
c. The board has been successful in reducing the percentage of CEO pay that is composed of stock options
d. The firm is traded on the National Stock Exchange (NSE) and must change its corporate governance to
comply with NSE’s new rules

The CEO of Singham Cup is not happy by a lack of effort and insights his directors provide during board
meetings. The directors are all outsiders, experiences and run their own successful firms. The CEO genuinely
seeks their greater involvement. What would you recommend?
a. The directors should own stock in the company’
b. Implementation of a director appraisal system
c. Election of a lead director
d. All of these

In decision making micro-impact ethical spheres include

a. Business Expansion
b. Corporate Practices
c. Diversifications
d. Acquisitions

Sustainbility plan and development must be published by the corporate in

a. Business responsibility report
b. corporate responsibility report
c. Both Business responsibility report and corporate responsibility report
d. none of these

Unethical practices include

a.Any business activity that follows a motivation induced path (action desig course and/or sequence)
deviated from pure knowledge-driven path to leverage a preconceived or a pre-designed advantage of an
individual or group of individuals
b.Any act or part of an act that would meet the description and/or defit the word corruption
c.Practice to serve self interst at the cost of the society
d.All of these

Increased importance of business ethics in india is due to

a.both increased social anti sentiment toward unethical behaviour and investigative journalism
b.investigative journalism
c. increased social anti sentiment toward unethical behaviour
d.None of these

All of the following are correct about the fraud and corporate governance failure at satyam computer
services ltd except?
a. the CEO was never held responsible for his unethical actions

what is the meaning of green governance?

a. comprises of climate change , CO2 emission and energy efficiency
b. related only to greenhouse effect
c. only refers to climate change
d.none of these

________ can be stated as human conduct

a. Ethics
b. Social Pysclogoy
c.organisational behaviour
d. Jurisprudence

According to section 149,Every company shall have a Board of Directors consisting of individuals as directors
and shall have—
(a) a minimum number of three directors in the case of a public company
(b) two directors in the case of a private company
(c) one director in the case of a One Person Company and a maximum of fifteen directors:
(d) All the above

Professional ethics must comprise of the attributes of

a. Common Sense and Responsibility
b. Accountably and Common Sense
c. Responsibility and accountability
d. None of these

Companies are not considered unethical if they do not perform their ____ responsibilities.
a. Discretionary
b. legal
c.fiscal
d.overt

Toxic Workplace Culture means: A. Workplace infected by infighting and grapevine. B. Low morale and
negativity that spreads across organisation affecting productivity and people.
A. Both A and B are correct.
B. Only A is correct.
C. Both A and B are False.
D. Only B is correct

The Companies Act, 2013 states that (1) It is mandatory to appoint at least one woman director as a board
member in certain types of companies. (2) It is mandatory to appoint at least one woman director as a board
member in all companies. (3) At least have directors from three different cases.
a. Only (1) and (3) are correct.
b. Only (2) is correct.
c.Only (1) is correct.
d.Only (3) is correct.
If an independent director resigns or is removed from the board of the company he/she must be replaced
within a period of __________ from the date of resignation or removal.
a.30 days
b.180 days
c.280 days
d. 80 days

The Clause ___________ of the Listing Agreement shall be applicable to all companies whose equity shares
are listed on a recognized stock exchange.
a.42
b.49
c.152
d.52

A company selecting an independent director from the data bank must

a.conduct a due diligence before selecting a person.
b.take approval from the Industry Regulator.
c.take approval from the Confederation of Indian Industry
d. take approval from the Securities and Exchange Board of India

As per Carroll, Corporate Social Responsibility comprises of __________ categories.

a.Legal and ethical
b.Economic and legal
c.Ethical and philanthropical
d.Economic, legal, ethical and philanthropical

In India regulatory body ___________ has tightened laws related control unfair practices to promote ethical
behaviour.
a.Telecom Regulatory Authority of India
b.National Stock Exchange
c. NASDAQ
d. Delhi Stock Exchange

Select the correct option for Corporate Social Responsibility dimensions. A. Value creation and profit. B.
Profit, people and planet. C. Profit only.
a.Only B is correct.
b.All A, B and C are correct.
c.All A, B and C are false.
d.Only B and C are correct.

Consider the two statements and select the correct code. Statement (1) There is a strong inherent
relationship between social responsibility of business firms and their economic performance. Statement (2)
Social responsibility undertaken by an organisation guarantees profitability.
a.Statement (2) is Correct and Statement (1) is Incorrect
b.Statement (1) is Correct and Statement (2) is Incorrect
c.Both Statement (1) and (2) are Correct
d. Both Statement (1) and (2) are Incorrect

Following can be an important part of the model professional ethics code of an organisation.
a.Identifying profitable expansions and diversifications for the corporate.
b.Translating corporate mission statements to actual practice.
c.Consistent policies and practices
d. Examining all activities and operations from customers' perspectives.

Select the correct option(s) with regard to tax audit as mandatory for: (1) Companies having turnover of
more than INR Icrore. (2) Professionals with service of 50 lacs or more in financial year. (3) Companies having
net profit of 25 las or more.
a.Only (1) and (2) are correct.
b.Only (1) and (3) are correct.
c.Only (2) and (3) are correct.
d.All (1), (2) and (3) are correct.

The strategy could be considered essentially as a public relations approach which is defensive in nature.
a.social responsiveness
b.ethical responsiveness
c.communicative responsiveness
d.media responsiveness

The Companies Act, 2013 states that (1) It is mandatory to appoint at least one woman director as a board
member in certain types of companies. (2) It is mandatory to appoint at least one woman director as a board
member in all companies. (3) At least have directors from three different cases.
a.Only (2) is correct.
b. Only (1) is correct.
c. Only (1) and (3) are correct.
d.Only (3) is correct.

Consider the two statements and select the correct code. Statement (1) There is a strong inherent
relationship between social responsibility of business firms and their economic performance. Statement (2)
Social responsibility undertaken by an organisation guarantees profitability.
a.Both Staternent (1) and (2) are Correct
b.Statement (2) is Correct and Statement (1) is Incorrect
c.Statement (1) is Correct and Statement (2) is Incorrect
d.Both Statement (1) and (2) are Incorrect

Nike a leader in the sports shoe industry, with sales of 95 bilionea had 40 percent share of the American
ancakermarket. This Oxgon-based company ha also become a lightning rod for worldwide protests over p
conditions in factories across Southeast Asia. Ina May 995 speech the founder and CEO. admitted that the
Nike product has become on you wages forced overtime, and arbitrary abuse. How did a prominent
compensa **swoosh" logo is a symbol for the "Just Do come to be at deplorable labour practices 1e's
phenomenal success is die to which developed by Phi Knight during he student des Co School. The strategy
holes outsourcing aling to contra countries and pooring the company's resources in practing On

When Nike was founded in 1964, the company contracted with manufacturers in Japan, but as wages in that
country rose, Nike transferred production to contractors in Korea and Taiwan. This decision was unethical
from the
a.Manufacturing perspective
b.Legal Perspective
c.Marketing perpective
d.None of these

John woodman defended nike by arguing, "yes, they are low images. But we've come in here and given jobs
to thosand………..
low wages to workers employed in indonsian plants are justified

In order to promote ethical decision making there is need of supportive

A. Organisational cultural and evaluative tools

Unethical practices at Nike comprised of

All of these