MGT610 Final Term Objective

FINALTERM EXAMINATION

Fall 2008 MGT610Business Ethics (Session - 1) Marks: 81

Q1. The ____________ refers to the potential conflict between management and shareholders due to management's control of financial rewards as well as the possibility of incompetent performance by managers. (1 marks)

Agency problem

Liquidity problem

Regulatory problem

Diversification problem

Q2. A shift to judgments based on rules or norms of a group to which the individual belongs is characteristic of which level of moral development? (1 marks)

Post-formal Pre-conventional Conventional Post-conventional

Q3. Commodities that are considered valuable only because they lead to other good things are called: (1 marks)

Instrumental goods Instrumental values Intrinsic goods Intrinsic values

Q4. The desire for a good or a service best represents: (1 marks)

Need Want Desire None of the given

Q5. Which of the following choices does NOT describe a situation that is covered by the concept of rights? (1 marks)

The absence of prohibitions against an activity The authorization to do something to secure one's interests The necessity of doing something required by authority The existence of prohibitions on others to enable individuals to pursue an activity

Q6. Which of the following holds that all public offices and employment should be made available to everyone? (1 marks)

The principle of equal liberty The difference principle The principle of equal opportunity The principles of ethics

Q7. Which of the following is FALSE of Nozick s theory of justice? (1 marks)

Theory is redistributive None of the above options Theory is historical Theory is no patterned

Q8. Which of the following does NOT (1 marks)

describe virtue ?

The traits that everyone needs for a good life An excellence that is admired in a person A disposition to act in multidimensional way A specific state of character

Q9. Who presented the theory of absolute advantage? (1 marks)

Adam Smith Friedrich A. Hike Murray Roth bard