Discounting costs highlights the savings of future generations due to present generations accounting for the loss now. 8. Business Ethics Questions; Business Ethics Questions; Business Ethics Questions. Page 1. Get industry recognized certification . What do we mean by Corporate Social Responsibility? Helpful? Reminiscent of the __________ tradition, it is suggested that some animals have the cognitive capacity to possess a conscious life of their own, and people have a duty not to treat these animals as mere objects and means to their own ends. 2017/2018. © 2020 SAGE Publications SAGE Publications India Pvt. c. Business, politics and private life share the same ethics as part of a moral community, c. Rights listed in the UN Declaration of Human Rights 1948. 2. Please sign in or register to post comments. This section contain Social Responsibility and Ethics practice question answers for the preparation of various interviews, undergraduate, postgraduate courses and entrance exams like ugc net, B. Com, M. Com and many other. Practice now and certify! The nomination committee is currently looking to appoint an additional member to the audit committee. Human Resource Management: Strategic and International Perspectives, Introduction: Context and Challenges for HRM, Globalism, Multinational Enterprises and HRM, Diversity in Organisations: HRM and International Practices, HRM in Small to Medium Sized Enterprises (SMEs), upgrade your version of Internet Explorer, Rules or standards governing a profession, Business is outside the realm of ethical enquiry and morally neutral or amoral, Ethics in business do exist but differ from ethics in other spheres and may appear amoral in other spheres, Business, politics and private life share the same ethics as part of a moral community, Special privileges awarded to criminals and prisoners, What the European Parliament decides is right, Rights listed in the UN Declaration of Human Rights 1948, Rules designed to frustrate legal proceedings, Determine the strategy of the organisation, Dominate the operational issues in the organisation, Have an interest or concern in the activities of an organisation, The responsibility of an organisation to use its resources solely to increase profits, The responsibility of an organisation to fulfil its economic, social and environmental obligations to all of its stakeholders, The responsibility of an organisation to donate any excess profits to charities and community organisations, The responsibility of an organisation to protect the environment at all costs, Because it is specifically about organisation survival, It is ecocentric, eco-efficient, with 5Rs – rethink, reinvent, redesign, redirect and recover, It is anthropocentric, eco-effective, with 5Rs – rethink, reinvent, redesign, redirect and recover, It is ecocentric, eco-effective with 5Rs – reduce, reuse, repair, recycle and regulate, It is ecocentric, eco-effective with 5Rs – rethink, reinvent, redesign, redirect and recover, Beliefs or guiding principles that are core to the organisation and help steer the right actions, The collective value of the organisation’s assets, A statement setting out the organisation’s strategy, Because of the responsibilities that HRM has for the key processes and practices in an organisation, Because of the HRM role in promoting fairness and justice in an organisation, Because of the ethical component set out in HRM professional standards and codes of conduct. Take Vskills Practice Test with MCQs on Business Ethics for enhanced learning and superior opportunities. Ltd. 4. Course. 77 9. You are using a browser version that is no longer supported by this website and could result in a less-than-optimal experience. Institutional theory is based on the shareholder concept. 成原• 1 year ago. Sustainable practices lead to reduced cost savings. Which of the following relating to discounting future liabilities is correct? Share. Correct answer: (B)Institutional shareholders prefer to exert their power privately rather than publicly. In terms of the ASX principles, which of the following would most likely be the best candidate for appointment? Correct answer: (B)Social contract is the key concept of legitimacy theory. 2. Missed some questions? Which of the following is not a driver of responsible competitiveness? three pillars of sustainability. ABC Ltd is a mining company listed on the Australia stock exchange. Ramandeep Ghuman. Chapter 02 Business Ethics MULTIPLE CHOICE QUESTIONS. a. Southern Cross University. The key concept of enlightened self-interest is stakeholder relations. A board that is elected in a classified system is known as a: 5. Knowing what the future must be, creative businesses then look backwards and determine what must be done to arrive at that future. Does not have outside relationships with other directors. Related documents. Which of the following relating to CSR theories is correct? Neuro notes (Karlie Harris) Human rights of asylum seekers Ethics ass 2 … 2. Discounting future cash flows is not aligned with the aims and objectives of sustainability reporting. Moral judgements; Determinants of what is right or wrong; Rules or standards governing a profession; Elements of all of the above; Answer: d. Elements of all of the above. 4. Discounting distant future costs that are to be incurred increases the current liability that is to be reported now. 3. What are some of the elements of a transformational sustainability strategy? It means that all resources can be regulated by the government. An executive director with a qualification in accounting. Because it is inclusive of all species. The huge unmet market potential among the world's developing economies can only be met in sustainable ways. Ethics. Practice for BBA or MBA exams using these MCQ. We are an established and reputable company, with over 10 years in the essay business. An independent non-executive director with a qualification in finance. b. Submit. Multiple choice Questions on Business Ethics and Governance. These shareholders often aim to improve outcomes rather than sell their shareholding. d. It is ecocentric, eco-effective with 5Rs – rethink, reinvent, redesign, redirect and recover, b. Beliefs or guiding principles that are core to the organisation and help steer the right actions. 8. 1. The responsibility of an organisation to fulfil its economic, social and environmental obligations to all of its stakeholders. Stakeholder theory requires organisations to manage community perceptions to survive. Test your understanding of key ethics concepts with Study.com's helpful multiple choice quizzes. Which statement best describes ethics in business? Applied Ethics And Sustainability (SOC10236 ) Uploaded by. A non-executive director who was previously the CFO of ABC Ltd a year ago. Your response should be at least 200 words in length. A non-independent non-executive director with qualifications in accounting and auditing. Which statement best describes ethics in business? Terms of Service • Copyright Notice • Privacy PolicyPrivacy Policy. Which of the following statements regarding institutional shareholders is correct? 10. Comments. It means that all resources cannot be duplicated. Full file at https://testbankuniv.eu/ Correct answer: (C)Does not have any other relationships with the company other than his or her directorship. Stakeholders are the individuals or groups who: d. Have an interest or concern in the activities of an organisation. Close Submit … To ensure full site functionality, please use an alternative web browser or upgrade your version of Internet Explorer. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. Academic year . Institutional shareholders prefer to exert their power privately rather than publicly. Discounting social issues are done in terms of the accounting standards so there are no ethical issues as the process is fair. A (n) _____________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. Correct answer: (A)An independent non-executive director with a qualification in finance. A stakeholder orientation includes all of the following activities except: Correct answer: (D)minimizing the influence of stakeholder information on the firm. QUESTIONS/ ANSWERS. Social contract is the key concept of legitimacy theory. Which of the following is not a recognised form of organisational justice? Two members are independent non-executive directors with engineering and mining qualifications. Does not have any other relationships with the company other than his or her directorship. - Page 3 Report This Question.
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