FINALTERM EXAMINATION
Spring 2009
MGT610- Business Ethics

Marks: 81

Question No: 1 ( Marks: 1 ) - Please choose one
The modern corporations consist of ________.

  • None of the given
  • Stock holders, Employees, Customers
  • Stock holders, Employees, Directors
  • Directors, Managers, Customers


Question No: 2 ( Marks: 1 ) - Please choose one
Which one of the following is NOT
the criterion employed by different ethicists to
evaluate moral reasoning?

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


Question No: 3 ( Marks: 1 ) - Please choose one
Mujeeb and Imran are defendants charged by the government for insider trading.
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.


Question No: 4 ( Marks: 1 ) - Please choose one
Who is the supporter of Categorical Imperative?

  • Kant
  • Sidgwick
  • Bentham
  • Mill


Question No: 5 ( Marks: 1 ) - Please choose one
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:

  • Redistributive justice
  • Compensatory justice
  • Distributive justice
  • Socialist s justice


Question No: 6 ( Marks: 1 ) - Please choose one
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?

  • Demands of caring
  • Demand of justice
  • Conflict between caring and justice
  • None of the given options


Question No: 7 ( Marks: 1 ) - Please choose one
Which one of the following moral judgment approaches will be used when someone s
actions and policies will substantially affect the welfare and freedom of specifiable
individuals?

  • Utility
  • Rights
  • Justice
  • Caring


Question No: 8 ( Marks: 1 ) - Please choose one
In which system slavery would be entirely legal?

  • Free market system
  • Command economy system
  • Voluntary exchange system
  • Pure free market system


Question No: 9 ( Marks: 1 ) - Please choose one
Who has defended free markets on the basis of utilitarian argument?

  • Friedrich A. Hayek
  • Alasdair MacIntyre
  • Adam smith
  • John Locke


Question No: 10 ( Marks: 1 ) - Please choose one
Which of the following is an economic system in which the means of production are
privately owned and operated for a profit?

  • Communism
  • Captalism
  • Liberalism
  • Socialism

Question No: 11 ( Marks: 1 ) - Please choose one
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?

  • John Maynard Keynes
  • Karl Marx
  • Adam Smith
  • David Ricardo

Question No: 12 ( Marks: 1 ) - Please choose one
Which of the following is NOT a moral outcome of perfectly competitive markets?

  • Justice
  • Utility
  • Rights
  • Faith


Question No: 13 ( Marks: 1 ) - Please choose one
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:

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


Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following refers to the undesirable and unintended contamination of the
environment by the manufacture or use of commodities?

  • Toxic substance
  • Pollution
  • Acid rain
  • Airborne toxic


Question No: 15 ( Marks: 1 ) - Please choose one
Which of the public policy view advocate breaking large firms up into smaller units?

  • The Chicago school view
  • The do-nothing view
  • The anti-trust view
  • The regulation view


Question No: 16 ( Marks: 1 ) - Please choose one
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?

  • Environmental ethics
  • Business ethics
  • Moral ethics
  • Social ethics


Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following is a cost that manufacturers don t bear?

  • Private cost
  • Social cost
  • Product cost
  • None of the given options


Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is not based on the idea that the environment should be protected
for the sake of human beings?

  • Environmental ethic
  • Ecological ethic
  • Blackstone s ethic
  • Utilitarian ethic


Question No: 19 ( Marks: 1 ) - Please choose one
Which one of the following is the principal Utilitarian remedy for pollution?

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


Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following seems to be consistent with the utilitarian way of dealing with
pollution (i.e. by internalizing costs)?

  • Rights
  • Justice
  • Both rights and justice
  • None of the given options


Question No: 21 ( Marks: 1 ) - Please choose one
Who summarized the procedure for cost and benefit analysis?

  • Adam Smith
  • Thomas Klein
  • John Rawls
  • Samuel Johnson


Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following discipline argued that to solve our ecological problems, we must
first change the destructive modes of thinking?

  • Ecological ethic
  • Social ecology
  • Social audit
  • Eco-feminism


Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following describes provides a new model with some tools for navigating
the deep and often confusing relationship between client and caregiver and for preventing
the harmful consequences of ethical misconduct?

  • Ecological ethic
  • Social ecology
  • Ethic of caring
  • Eco-feminism


Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following is the only way of ensuring a supply for tomorrow s generations?

  • Conservation
  • Reservation
  • Preservation
  • None of the given options


Question No: 25 ( Marks: 1 ) - Please choose one
Which of the following statements could NOT be made by a believer in ecological
ethics?

  • The world must be protected for the sake of human beings
  • The well-being of all the life on earth has value in itself
  • Humans have no right to reduce the diversity of life except to satisfy vital needs
  • Appreciate the quality of life rather than striving for a higher standard of living


Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following is based on the idea that nonhuman parts of the environment
deserve to be preserved for their own sake?

  • Environmental ethic
  • Deep ecology
  • Blackstone s ethic
  • Utilitarian ethic


Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following theory assumes that the manufacturer can discover the entire risk
associated with using a product before it is actually used?

  • The liability theory
  • The due care theory
  • The contractual theory
  • The social cost theory


Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following is NOT a valid criticism on the ethics of advertising?

  • Advertising uses images that many find vulgar and offensive
  • Advertising debases the tastes of consumers
  • Advertising is wasteful
  • Advertising promotes monopolies


Question No: 29 ( Marks: 1 ) - Please choose one
All of the following are deceptive or manipulative marketing practices, EXCEPT:

  • Multiple pricing
  • Bait and switch selling
  • Markdowns from a suggested retail price that is never charged
  • Everyone can freely enter and exit the market


Question No: 30 ( Marks: 1 ) - Please choose one
How many people died each year in America by lighter explosions?

  • 100
  • 200
  • 300
  • 400


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Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following is the degree of risk associated with using a product?

  • Reliability
  • Service life
  • Maintainability
  • Product safety


Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following is one of the areas of producer responsibility according to due
care theory?

  • Duty to produce healthy products
  • Duty to disclosure
  • Duty not to coerce
  • Duty not to misrepresent


Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following is the only way of indicating whether a process is fair or
discriminatory?

  • See what happens to minorities as a group
  • See what happens to minorities only
  • See what happens to a group only
  • See what happens to majority only


Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following is NOT
a statement which presents the firm s view on ethics?

  • Value statement
  • Morality
  • Ethical philosophy
  • Code of ethics


Question No: 35 ( Marks: 1 ) - Please choose one
A bakery advertises that its latest product can lower cholesterol even though the bakery
cannot prove this claim. This situation involves an ethical issue related to which element
of the marketing mix?

  • Product
  • Price
  • Promotion
  • Distribution


Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following books was written by John Kenneth Galbraith?

  • The Affluent Society
  • The Road of Serfdom
  • The Wealth of Nations
  • The Prisoner s Dilemma


Question No: 37 ( Marks: 1 ) - Please choose one
Who argued that advertising is manipulative: it is the creation of desires in consumers for
the sole purpose of absorbing industrial output?

  • Nicholas Kaldor
  • Kotler
  • K. Galbraith
  • Hayek


Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following is a proposed program where a large scale publicly funded
education program aimed at empowering ordinary citizens?

  • Investment in men
  • Investment in women
  • Investment in children
  • Investment in non-humans


Question No: 39 ( Marks: 1 ) - Please choose one
Which of the following attributes translates the statement Marketers should not exploit
the credulity, lack of knowledge or inexperience of consumers ?

  • Safety
  • Legality
  • Honesty
  • Truthfulness


Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following is a wrongful act of distinguishing illicitly among people not on
the basis of individual merit, but on the basis of prejudice or some other invidious or
morally reprehensible attitude?

  • Discrimination
  • Job discrimination
  • Affirmative action
  • Discriminatory practice


Question No: 41 ( Marks: 1 ) - Please choose one
Which of the following is the primary function of commercial advertisements?

P
  • rovide unbiased information
  • Sell products to prospective buyers
  • Provide biased information
  • None of the given options


Question No: 42 ( Marks: 1 ) - Please choose one
Which of the following makes freedom of choice impossible?

  • Information
  • Probability
  • Misrepresentation
  • Ignorance


Question No: 43 ( Marks: 3 )
What do you understand by environmental injustice?

Question No: 44 ( Marks: 3 )
Define Eco-feminist and social ecology.

Question No: 45 ( Marks: 3 )
What is the Galbraith s major proposal called? Briefly discuss.

Question No: 46 ( Marks: 5 )
Discuss why we cannot rely on market mechanism to ensure adequate conservation for
future generations.

Question No: 47 ( Marks: 5 )
Critics of the social costs view of business' duties to consumers point out that it leads to
an increased number of "strict liabilities" lawsuits and may bankrupt the insurance
industry. What are the facts concerning this issue? Is it a valid criticism?

Question No: 48 ( Marks: 10 )
What do you mean by industrial ecology? What are the ethical responsibilities of ecology
based organization? Why do we need industrial ecology?

Question No: 49 ( Marks: 10 )
Internet privacy forms a subset of computer privacy. Experts in the field of Internet
privacy have a consensus that Internet privacy does not really exist. Privacy advocates
believe that it should exist. Do you agree with this statement or not ? Explain your
arguments with the help of example.