MGT610 Final Term Past Papers 2008-2009

Final Term Spring 2009

MGT610- Business Ethics

Q1. The modern corporations consist of ________. (1 marks)

•  Stock holders, Employees, Customers

 Stock holders, Employees, Directors

•  Directors, Managers, Customers

Q2. Which one of the following is NOT the criterion employed by different ethicists to evaluate moral reasoning? (1 marks)

•  Moral reasoning must be logical
•  Factual evidence must be accurate, relevant, and complete
•  Moral standards must be consistent

 Moral development must be ethical

Q3. Mujeeb and Imran are defendants charged by the government for insider trading. (1 marks)

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.

Q4. Who is the supporter of Categorical Imperative? (1 marks)

•  Kant
•  Sidgwick
•  Bentham

 Mill

Q5. 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: (1 marks)

•  Distributive justice
•  Socialist s justice

Q6. 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? (1 marks)

•  Demands of caring
•  Demand of justice

 Conflict between caring and justice

Q7. Which one of the following moral judgment approaches will be used when someone (1 marks)

S actions and policies will substantially affect the welfare and freedom of specifiable individuals?

Utility

Rights

Justice Caring

Q8. In which system slavery would be entirely legal? (1 marks)

•  Free market system
•  Command economy system
•  Voluntary exchange system

 Pure free market system

Q9. Who has defended free markets on the basis of utilitarian argument? (1 marks)

•  Friedrich A. Hayek
•  Alasdair MacIntyre

Q10. Which of the following is an economic system in which the means of production are privately owned (1 marks)

and operated for a profit?

•  Communism

 Capitalism

•  Liberalism
•  Socialism

Q11. 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? (1 marks)

•  John Maynard Keynes

 Karl Marx (51p)

•  David Ricardo

Q12. Which of the following is NOT a moral outcome of perfectly competitive markets? (1 marks)

•  Justice

 Utility

•  Rights

 Faith

Q13. 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: (1 marks)

 Tying arrangement (63p)

•  Exclusive dealing arrangement
•  Retail price maintenance agreement
•  Manipulation of supply

Q14. manufacture or use of commodities? (1 marks)

 Pollution(66p)

•  Acid rain

Q15. Which of the public policy view advocate breaking large firms up into smaller units? (1 marks)

 The anti-trust view (65p)

Q16. 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? (1 marks)

 Environmental ethics(68p)

•  Business ethics
•  Moral ethics
•  Social ethics

Q17. Which of the following is a cost that manufacturers don t bear? (1 marks)

•  Private cost

 Social cost (95p)

•  Product cost

Q18. Which of the following is not based on the idea that the environment should be protected for the sake of human beings? (1 marks)

 Ecological ethic(78p)

Q19. Which one of the following is the principal Utilitarian remedy for pollution? (1 marks)

 To internalize the external costs of production (81p)

•  To externalize the internal costs of production
•  To minimize the total social cost of production
•  To maximize the total social cost of production

Q20. Which of the following seems to be consistent with the utilitarian way of dealing with pollution (i.e. by internalizing costs)? (1 marks)

•  Rights

 Justice(81p)

•  Both rights and justice

Q21. Who summarized the procedure for cost and benefit analysis? (1 marks)

 Thomas Klein(83p)

•  John Rawls
•  Samuel Johnson