MGT610-Buisness Ethics Quiz MCQS #Objective #Questions #MidTerm
1. In which year Justice Department charged the accounting firm of Arthur Anderson for obstruction of justice?
- 2000
- 2001
- 2002 ✔
- 2003
2. To which of the following we cannot assign monetary value?
- Friendship
- Love
- Peace
- All of the above ✔
3. A medicine for the patients of river blindness was developed by which one of the country?
- UK
- US ✔
- German
- China
4. Which of the following is false of Nozick’s theory of justice?
- Theory is historical ✔
- Theory is no patterned
- Theory is redistributive
- None of the above
5. Socialist view on distribution is best described as:
- From each according to his ability, to each according to his needs ✔
- The benefits a person receives should be proportional to his contribution
- From each they choose, to each as they are chosen
- Always treat humanity as an end in itself rather than as a means
6. Who considers it wrong to tax someone to provide benefits to someone else?
- Libertarian ✔
- Socialist
- Capitalist
- None
7. Which one of the following generally refers to matters that are more serious than fairness?
- Justice ✔
- Right
- Duty
- None
8. Which one of these is a graphic demonstration that rational individual choices do not necessarily result in rational collective choices?
- Game theory
- Prisoner’s dilemma
- Moral Reasoning ✔
- Moral responsibility
9. Weighing Social Costs and Benefits is a technique used in?
- Justice concept
- Right concept
- Caring concept
- Utilitarianism concept ✔
10. Through utilitarianism offers a clear-cut method of calculating morality. What are the number of problems identified in this method?
- 5 ✔
- 4
- 3
- 2
11. Which of the following is TRUE in free market economy?
- Prices are controlled by law
- There will be no advertising ✔
- There will be no monopolies
- The government allocates resources
12. Which of the following is/are characteristics of Economic freedom?
- Absence of government coercion
- Constraint on the production distribution
- Maintain liberty itself
- All of the given ✔
13. Which of the following use a command system?
- Communitarian system ✔
- Free market system
- Pure free market system
- None
14. Which of the following is/are classification of countries with respect to economy?
- Free
- Mostly free
- Mostly unfree
- All of the given options ✔
15. Which of the following is a degree of competition?
- Perfect competition
- Monopoly
- Oligopoly
- All of the above ✔
16. The kind of care that is owed to those with whom we have special concrete relationships is known as?
- Utilitarian standards
- Standards of justice
- Standards of caring ✔
- None
17. According to Aristotle, which of the following enable humans to act in accordance with their specific purpose?
- Moral responsibility
- Moral Virtues ✔
- Moral standards
- None
18. How many considerations be kept in mind when to determine that what are the moral things to do on any particular occasion?
- 2
- 4
- 3 ✔
- None
19. Every person should be given equal shares of a society’s or a group’s benefits and burdens referred as?
- Utilitarianism
- Egalitarianism ✔
- Socialism
- None
20. What is the number of characteristics that differentiate between moral and non-moral standards?
- 5 ✔
- 4
- 2
- 1
21. Which of the following laws have no concern with morality?
- Parking laws
- Dress codes law
- Both a & b ✔
- None
22. Which of the following purpose that nations should not artificially limit imports nor artificially promote exports?
- Economic freedom
- Free trade ✔
- Economic freedom index
- Invisible hand
23. Which one of the following is not a feature of moral standard?
- Prohibit
- Value
- Condemn
- All of the given ✔
24. Carol Gilligan three stages of moral development include all except?
- Progressing from selfish
- Conventional morality
- Principled morality
- Development psychology ✔
25. Who has used the theory of natural right by Locke to argue for free market?
- Adam smith
- John Locke
- Friedrich A. Hayek ✔
- Alasdair Macintyre
26. Idea of a precise quantitative method for decision making for decision making is most fully realized in
- Bentham ✔
- James Rachel’s
- Carol Gilligan
- Henry Fayol
27. Literally the word ethics means:
- Understanding human nature
- Study of morality ✔
- Study of properties of chemical substances
- None
28. In which year Adam Smith asserted that the wealth of a nation consisted of the goods and services available to its citizens?
- 1676
- 1776 ✔
- 1876
- 1976
29. Kant’s moral philosophy is based on which of the following?
- Consequences of action ✔
- Consequences of reasons
- False pretenses
- Human reason
30. ___ is defined as Tendency to make ethical choices only on the basis of what looks right or reasonable according to one’s own belief or value system
- Ethical Relativism ✔
- Cultural Relativism
- Descriptive Relativism
- Epistemological Relativism
31. The categorical imperative incorporates two criteria for determining moral right and wrong. Which of the following is one of the criteria?
- Relativism
- Consistency
- Inconsistency
- Reversibility ✔
32. In a command economy, all decisions are taken by the:
- People
- Government ✔
- Voters
- Workers
33. Which one of the following is not considered as a moral standard?
- Maximize social utility
- Respect moral rights
- Exercise caring
- Undistribute benefits and burdens ✔
34. Which of the following is considered as the basis of cost-benefit analysis?
- Ethical relativism
- Utilitarianism ✔
- Behaviorism
- Rationalism
35. Which one of the following is a source of absorbing moral standards?
- Family
- Friends
- School
- All of the above ✔
36. Which of the following is Not the feature of perfect competition?
- There are numerous buyers and sellers, none of whom has a substantial share of the market
- All buyers and sellers can not freely and immediately enter or leave the market ✔
- All buyers and sellers can freely and immediately enter or leave the market
- All buyers and sellers are utility maximizers
37. Utilitarianism lies under which of the following ethical theories?
- Virtue
- Intuitionism
- Deontological
- Teleological ✔
38. Which one of the following is a component of free market systems?
- Private property system ✔
- Involuntary exchange system
- Command system
- None
39. Every person has a right to freedom from coercion that takes priority over all other rights and values is known as?
- Karl’s principle
- Nozick’s principle ✔
- Blanc’s principle
- None
