MGT610 Final Term Solved MCQs by Junaid

1. Benefits of free Market

•  Individual Liberty
•  Fairness
•  Responsiveness
•  Efficiency
•  Flexibility
•  Entrepreneurship
•  Economic Growth

2. Type of Market

•  Monopolistic Market

3. Briefly Explain Regulation View.

Answer: According to the regulation view that governments take strict action against the large industries because large industries pay the large number of taxes. Those who advocate regulation do not wish the lose economic offered by the large industries. But they ensure a large industry do not harm the consumer.

Q4. Quote any advertisement firm your daily life that is unethical. explain that advertisement. why do you think it is unethical?

Cheat on your girlfriend, not on your workout. This was the extremely unethical.

•  False sharing news
•  Use misleading image
•  Use bait and Switch

Q5. What is Holism?

Answer: Holism is a concept of a nature where the nature and human together form a moral community

6. Name any three Regulating Bodies.

•  Committee of Advertising Practice (CAP)

7. Practices of discrimination

Answer: Discrimination refers to treating people unfairly based on their character and personal attributes Such as Gender, Race, Disability. Here Some Common Practices of Discrimination.

•  Housing discrimination
•  Male and Female discrimination
•  Education discrimination
•  Police Discrimination
•  Health Discrimination

8. Social cost theory and its critics

Social Cost Theory:

•  Manufacture is responsible for all the Harm
•  Manufacture should to pay all the injury harm due the defection of his or her products. Social Coset theory Crises.
•  Unjust to manufacture since compensatory justice says one should compensatory injured parties only if the harm is predictable and avoidable.
•  Wrongly awareness that it prevents accidently, instead it encourages the consumer carelessness by receiving them of responsibility of their injury.

9. Environmental crises in social system

Answer: Many thinkers argued the environment crises we face are rooted in social system of hierarchy and domination that characterized social. The system of hierarchy the one group has power to the other. Defining the Environmental crises in term of Social System are overlooked fact that the environmental problem just a social problem. We cannot understand easy and much less solved. We should solve the social problem before the environmental Problem.

10. Explain Do nothing view oligopolies.

Answer: Do nothing claims that the power of oligopolies is not large as it appears. Though the competition between them declined. And they maintain the competition between the industries to sustainable products replaced it. Government, union and other large corporates has the Counter village force that hold corporation in cheeks.

11. Due care theory.

Answer: Due care theory is the base concept that the producer has full fill his responsibilities and protection of interest his consumer.

12. Advertising ethics

Answer: Advertising ethic are the moral of principles that governs how the business communication with the member of its target audience. The advertising is the form of communication. All communication has three components.

•  Author message
•  Medium that caries the message
•  Audience who receives it

13. Economic harms of advertising

14. Pollution.

Answer: A harmful material in the atmosphere.

Q15. How Kant justifies secondary constraints in the contract theory?

Answer: Kant argued easily show the misrepresentation in making of contract cannot be universalized.

16. What is Air pollution and it’s cause and effect.

Air pollution:

Air pollution refers to any physical, biological and chemical change in the air. There is a certain percentage of gasses present into the atmosphere. Air increase and decrease the structure of these gasses into harmful.