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MGT610-Buisness Ethics Quiz MCQs Lecture 1-22 Midterm Objective Questions

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


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