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Social responsibility towards the environment - class-XI

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Carbon monoxide emitted by automobiles directly contributes to ____________.

  1. Water pollution

  2. Noise pollution

  3. Land pollution

  4. Air pollution


Correct Option: D
Explanation:

Carbon monoxide is the colorless, odorless and tasteless gas that is slightly less dense than air. It is emitted by vehicles. It mixes with the air and causes air pollution on a large scale. Carbon monoxide is released through emissions through automobiles, thermal power plants,etc. 

Sugarcane business is an example of businesses that are largely influenced by natural environment. 

  1. True

  2. False


Correct Option: A
Explanation:

Sugarcane is a major crop grown in canal irrigated areas of the country. It was observed that due to climatic aberrations especially rainfall and maximum temperature affect productivity, sugar recovery and burning in sugarcane crop. Burning in sugarcane is found to be inversely correlated with rainfall.

Proper environment protection measures include optimum utilization of resources. Optimum utilization implies _________.

  1. Resources should not remain idle.

  2. There shall not be shortage of resources.

  3. Resources should be put to proper use.

  4. All of the above


Correct Option: D
Explanation:

Optimum Utilization of Resources Management utilizes all the physical & human resources productively. This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses.

By cutting down waste, a business can cut down operating costs.

  1. True

  2. False


Correct Option: A
Explanation:

By taking steps to reduce waste, a business can:-

  • save money on supplies
  • conserve natural resources and energy
  • reduce current waste disposal costs and hedge against increased future disposal costs
  • meet customer demand for "green" products and environmentally conscious businesses
  • avoid adding to the environmental burden caused by producing and disposing of unnecessary materials
  • boost employee morale by giving staff members an opportunity to work together on an environmental project
  • reduce the risk of future liability associated with the disposal of solid wastes.

A Programme of Conservation of Wetlands is being implemented by the Ministry, since _______.

  1. 1987

  2. 1988

  3. 1989

  4. 1990


Correct Option: A
Explanation:

Wetlands are areas of land where the water level remains near or above the surface of the ground for most of the year. India has a wealth of wetland ecosystems distributed in different geographical regions. Wetland systems, directly and indirectly, support lakhs of people, providing goods and services to them. They help check floods, prevent coastal erosion and mitigate the effects of natural disasters like cyclones and tidal waves. They store water for long periods. The scheme on conservation and management of wetlands was initiated by the Ministry of Environment, Forest and Climate Change (MoEF&CC) in $1987$ with the following objectives:


  1. To lay down policy guidelines for conservation and management of wetlands in the country;
  2. To undertake intensive conservation measures in priority wetlands;
  3. To monitor the implementation of the programme; and
  4. To prepare an inventory of Indian wetlands.

Which of the following plays a major role in enhancing the quality of environment?

  1. Wetlands

  2. Forests

  3. Ozone cell

  4. All the above


Correct Option: B
Explanation:

Forests cover about a third of the earth’s land area and are essential to the health of our environment. For example, trees and forests absorb and store much of the carbon dioxide that otherwise would be contributing to climate change. Forests are home to about $80$ percent of remaining terrestrial biodiversity. Forests also regulate water cycles, maintain soil quality, and reduce the risks of natural disasters such as floods.Forest ecosystems are sources of wood and timber, of edible products including mushrooms and other fungi, meat (from wildlife), forage for livestock, fruit or honey. Some forest species have medicinal values.

Forests provide habitat for wildlife and they affect the volume and timing of water flowing out of the forested area as well as rates of soil formation or erosion.
Forests are one of a number of important elements in the global cycling of carbon, oxygen, and other gases of importance which influences the composition of the earth’s atmosphere

India had a Forest Policy since _________.

  1. 1894

  2. 1895

  3. 1896

  4. 1897


Correct Option: A
Explanation:

The British introduced scientific management of forests through a centralized approach to forest management and development. The first formal government approach to forestry can be traced to the enactment of the National Forest Policy of $1894$ which stressed on conserving forests for maintaining environmental stability and meeting basic needs of fringe forest user groups. The policy was revised in $1952$ and the new policy emphasized on an extension of forests beyond the traditional forest areas. This gave impetus to social forestry and $agro/farm$ forestry. This policy was the harbinger of the green movement in the country. It also proposed that $60$% of the land in the hills and $20$% in the plains and in all $33$% of the total geographical area should be under forest/tree cover.The National Forest Policy was once again revised in $1988,$ which envisaged community involvement in the protection and regeneration of forests. It accorded highest priority to sustainable management of the forest resource.

The Policy Statement of abatement of pollution was adopted in ______.

  1. 1991

  2. 1992

  3. 1993

  4. 1994


Correct Option: B
Explanation:

The Policy Statement for Abatement of Pollution, adopted in $1992$ lays emphasis on pollution prevention in place of the conventional end-of-the-pipe treatment also identified the adoption of best available and practicable technologies as the key element for pollution prevention. The focus of the programme is on such issues such as the promotion of clean and low waste technologies, waste minimization, reuse or recycling, improvement of water quality, environment audit, natural resource accounting, development of mass-based standards, institutional and human resource development etc. The whole issue of pollution prevention and control is dealt with by a combination of command and control methods as well as voluntary regulations, fiscal measures, promotion of awareness etc.

The National Afforestation and Eco development Board was constituted in ________.

  1. 1992

  2. 1993

  3. 1994

  4. 1995


Correct Option: A
Explanation:

The National Afforestation and Eco-Development Board , was set up in August $1992,$ is responsible for promoting afforestation,tree planting, ecological restoration and eco-development activities in the country, with special attention to the degraded forest areas and lands adjoining the forest areas, national parks, sanctuaries and other protected areas as well as the ecologically fragile areas like the Western Himalayas, Aravallis, Western Ghats, etc.

_________ label has been introduced to label consumer products that are environment friendly.

  1. Eco mark

  2. Agmark

  3. Euro-mark

  4. None of them


Correct Option: A
Explanation:

To increase consumer awareness, the Government of India launched the eco-labelling scheme known as $`Ecomark'$ in $1991$ for easy identification of environment-friendly products. Any product which is made, used or disposed of in a way that significantly reduces the harm it would otherwise cause the environment could be considered as Environment-Friendly Product. The $'Ecomark'$ label is awarded to consumer goods which meet the specified environmental criteria and the quality requirements of Indian Standards. Any product with the $Ecomark$ will be the right environmental choice.

A programme of Environment Impact Assessment (EIA) was introduced in India ___________.

  1. 1976

  2. 1977

  3. 1978

  4. 1979


Correct Option: C
Explanation:

Environmental Impact Assessment $(EIA)$ is an important management tool for ensuring optimal use of natural resources for sustainable development. $EIA$ is a tool to anticipate the likely environmental impacts that may arise out of the proposed developmental activities and suggest mitigation measures and strategies.
$EIA$ was introduced in India in $1978,$ with respect to river valley projects.

Forest Policy was revised in _____________.

  1. 1952 and again in 1988

  2. 1962 and again in 1989

  3. 1942 and again in 1962

  4. 1952 and again in 1961


Correct Option: A
Explanation:

The British introduced scientific management of forests through a centralised approach to forest management and development. The first formal government approach to forestry can be traced to the enactment of the National Forest Policy of $1894$ which stressed on conserving forests for maintaining environmental stability and meeting basic needs of fringe forest user groups. The policy was revised in $1952$ and the new policy emphasised on extension of forests beyond the traditional forest areas. This gave impetus to social forestry and $agro/farm$ forestry.

This policy was the harbinger of the green movement in the country. It also proposed that $60$% of the land in the hills and $20$% in the plains and in all $33$% of the total geographical area should be under forest/tree cover. The serious depletion of forest resources due to biotic and industrial pressure and other reasons made the policy makers review the situation in the late eighties and evolve a new strategy for conservation of forests. The National Forest Policy was once again revised in $1988,$ which envisaged community involvement in the protection and regeneration of forests. It accorded highest priority to sustainable management of the forest resource.

Which of the following are the heavily polluting industries?
I. Cement    II. Thermal Power Plants
III. Sugar       IV. Oil Refineries

  1. I and II are correct

  2. II and Ill are correct

  3. I, II and III are correct

  4. All of the above


Correct Option: D
Explanation:

Industrial production has grown in India by more than $50-$fold over the past century. Cement, Thermal power plants, sugars and oil refiners are all considered as heavily polluting industries. These  contribute to the environment in terms of suspended particulate matter, gases and effluents. About $77$ per cent of the industries contribute to water pollution while $15$ per cent to air pollution and the remaining eight per cent to both air and water pollution. 

The national apex body for assessment, monitoring and control of water and air pollution is __________.

  1. The Central Pollution Control Board

  2. The Ministry of Environment and Forests

  3. The Ministry of Finance

  4. None of the above


Correct Option: A
Explanation:

The Central Pollution Control Board $(CPCB)$ of India is a statutory organisation under the Ministry of Environment, Forest and Climate Change.It serves as a field formation and also provides technical services to the Ministry of Environment and Forests of the provisions of the Environment (Protection) Act, $1986$. Principle functions of $CPCB$ are $(i)$ to promote cleanliness of streams and wells in different areas of the States by prevention, control and abatement of water pollution, and $(ii)$ to improve the quality of air and to prevent, control or abate air pollution in the country


The Wildlife (Protection) Act was adopted in ________.

  1. 1971

  2. 1972

  3. 1973

  4. 1974


Correct Option: B
Explanation:

The Wildlife Protection Act, $1972$ is an Act of the Parliament of India enacted for the protection of plants and animal species. Wildlife Protection Act $1972$ was passed on $August 21, 1972,$ but was later implemented on $September 9, 1972.$

This act prohibits the capturing, killing, poisoning or trapping of the wild animal. It extends to the whole of India except the State of $Jammu\quad and\quad Kashmir.$ The objectives are as follows:
  • Prohibition of hunting
  • Protection and management of wildlife habitats
  • Establishment of protected areas
  • Regulation and control of trade in parts and products derived from wildlife
  • Management of zoos

Which of the following does not consist of environmental degradation?

  1. Land degradation and soil erosion

  2. Problem of overgrazing and ecological degradation

  3. Floods

  4. None of the above


Correct Option: D
Explanation:

Environmental degradation is the deterioration of the environment through depletion of resources such as air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution.It is defined as any change or disturbance to the environment perceived to be deleterious or undesirable. Ecological effect or degradation is created by the consolidation of an effectively substantial and expanding human populace, constantly expanding monetary development or per capita fortune and the application of asset exhausting and polluting technology. It occurs when earth’s natural resources are depleted and environment is compromised in the form of extinction of species, pollution in air, water and soil, and rapid growth in population.

A National Environmental Awareness Campaign (NEAC) is organised ______.

  1. annually

  2. twice a year

  3. once in three years

  4. once in five years


Correct Option: A
Explanation:
National Environment Awareness Campaign is an important campaign of the Ministry of Environment
and Forests $(MoEF),$ Government of India. This campaign was initially organised in $1986,$ with the objective
of creating environmental awareness at the national level and, since then, it has become an annual activity.In this campaign, nominal financial assistance is provided to $NGOs,$ schools, colleges, universities, research institutes, women and youth organisations, army units, government departments etc. from all over the country for conducting awareness raising and action oriented activities. 

Fairness in employment practices centers on ________.

  1. hiring no family members of friends

  2. giving people equal rewards for accomplishing the same tasks

  3. obeying equal employment opportunity legislation

  4. avoiding conflicts of interests


Correct Option: D
Explanation:

A company is said to have adopted fairness in employment practice when it follows a policy of recruiting on the basis of qualification and other merits and not on the basis of bribe, recommendation etc.

This would avoid conflicts among workforce and top level management.

Top managers demonstrate commitment to ethical business practices with ________.

  1. the adoption of written codes of ethics

  2. employee empowerment

  3. decentralized decision making practices

  4. collusion with other companies


Correct Option: A
Explanation:
  • Managers at all levels and in all functional areas face ethical issues. In fact, there is seldom a decision wherein an ethical dimension is not involved. Matters of right and wrong, just and unjust, and fair and unfair arise frequently. In order to deal with these issues, managers need some guidelines.
  • Organisations, formulate both business and non-business guidelines in the form of a code of conduct or code of ethics. The need for a corporate code of conduct has increased due to frequent corporate scandals, inside trading and misuse of funds. With globalization of business, more and more companies are developing a code of ethics to be observed. Moreover, every profession has a code of conduct for its members.
  • A code of ethics should reflect top management's desire for compliance with the values, rules, and policies that support an ethical climate. The development of a code of ethics should involve the President, Board of Directors, and Chief Executive Officers who should be implementing the code.
  • Legal staff should also ensure that the code has assessed key areas of risk correctly, and that it provides buffers for potential legal problems. 

An experiment about negotiations conducted with graduate business students revealed that they would _________________.

  1. misrepresent the truth to gain advantage

  2. not lie even if it meant losing advantage

  3. curse and intimidate the opponents to win

  4. curse and intimidate the arbitrator to win


Correct Option: A
Explanation:

An experiment about negotiations conducted with graduate business students revealed that they would misrepresent the truth to gain an advantage.

misrepresenting any truth and misinforming is unethical and should be avoided.

What are the corporate codes of ethics?

  1. Are always externally audited

  2. Create guidelines for employees to work

  3. Are always compliance based

  4. Are always integrity based.


Correct Option: B
Explanation:
A code of ethics is a guide of principles designed to help professionals to conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values and the standards to which the professional is held. A code of ethics, also referred to as an "ethical code", may encompass areas such as business ethics, a code of professional practice and an employee code of conduct.

Government gives awards for ethics shown by business people. The name of the award is ______________________.

  1. Indira Gandhi Paryavaran Puraskar

  2. Indira Gandhi Literacy Puraskar

  3. Rajeev Gandhi Paryavaran Puraskar

  4. Mahatma Gandhi Paryavaran Puraskar


Correct Option: A

Which statement is false?

  1. Fewer and fewer companies are adopting codes of ethics.

  2. More and more companies are adopting codes of ethics.

  3. Some ethical responses can be learned through experience.

  4. Social responsibility involves providing quality products and pricing products fairly.


Correct Option: A
Explanation:

Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. The field of ethics, along with aesthetics, concern matters of value, and thus comprise the branch of philosophy so in today's dynamic environment every small medium or large companies are adopting codes of ethics.

The issue of fraudulent asset valuation is included in _________.

  1. ethics in compliance

  2. ethics in finance

  3. ethics in marketing

  4. ethics in production


Correct Option: B
Explanation:
“Ethics in Finance” will address the professional intersection where financial theory meets practice and where the concept of ethical behavior crosses from the abstract to the concrete. 
Issue of fraudulent asset valuation is an example of unethical practice in finance. This is the most common ethical issue which companies and individual face in the field of finance.

The primary responsibility of a business is towards ________.

  1. employees

  2. owner

  3. banker

  4. employer


Correct Option: A
Explanation:

Primary responsibility of business is towards their employee as they are the most important asset (Human resource) who invest their efforts in favor of the company to better its position. Without employees company cant run.

Which one of the following is a measure to improve ethical behavior of business at societal level?

  1. Indira Gandhi Paryavarari Puraskar

  2. Mumbai Grahak Panchayat

  3. Ethical Committee comprising BOD

  4. All of the above


Correct Option: B
Explanation:

Mumbai Grahak Panchayat $(MGP)$ is perhaps the largest voluntary consumer organisation in India with a membership of 24,500 families. It has been engaged in activities of consumer protection and education for the last 33 years. Its unique collective group buying system provides a best practice model for sustainable consumption.

Which of the following Acts made code of ethics mandatory for companies listed on the stock exchange?

  1. Companies Act, $2006$

  2. Sarbanes- Oxley Act, $2002$

  3. Limited Liability Partnership Act, '$2008$

  4. None of the above


Correct Option: B
Explanation:
Section 302 of Sarbanes Oxley Act of 2002, an Act enacted by U.S. congress to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes contains following provisions for whistle-blowers:
• Make it illegal to “discharge, demote, suspend, threaten, harass or in any manner discriminate against” whistle-blowers.
• Establish criminal penalties of up to 10 years for executives who retaliate against whistle-blowers.
• Require board audit committees to establish procedures for hearing whistle-blower complaints.
• Allow the secretary of labor to order a company to rehire a terminated employee with no court hearing.
• Give a whistle-blower the right to a jury trial, bypassing months or years of administrative hearings.

The idea of business ethics caught the attention of academics, media and business firms by the end of __________.

  1. First World War

  2. Second World War

  3. Cold war

  4. None of the above


Correct Option: C
Explanation:

The notion of ethics in business can be traced back to the earliest forms of bartering, based on the principle of equal exchange. Countless philosophers and economists have examined the topic, from Aristotle and his concept of justice to Karl Marx's attack on capitalism. But the modern concept of business ethics dates back to the rise of anti-big business protest groups in the United States in the $1970s$. The subject gradually became an academic field in its own right, with both philosophical and empirical branches. Eventually, ethics have been incorporated into businesses, reflected today in corporate social responsibility strategies and codes of conduct. Business ethics is now not only a firmly established academic field, it is something companies realize they need to manage and internalize.

Providing information to law enforcement or regulatory agencies about illegal or improper activities of business or by its employees is known as _______.

  1. ethical wrong

  2. whistle blowing

  3. ethical dilemma

  4. ethical wonder


Correct Option: B
Explanation:
A whistle-blower is a person who publicly complains about concealed misconduct on the part of an organization or a body of people, usually from within that same organisation. This misconduct may be classified in many ways, for example, a violation of a law, rule, regulation and/or a direct threat to the public interest, such as fraud, health/safety violations, and corruption.

Whistle-blowers frequently the face retaliation - sometimes from the organisation or the group which they have accused of, unless a system is in place that would ensure confidentiality. In addition, people are more likely to take action with respect to unacceptable behavior within an organization, if there are complaint systems that ensure confidentiality and indemnity. 

Which one of the following is not the primary element of a strong organizational compliance program?

  1. A written code of conduct

  2. An ethics officer

  3. Significant financial expenditures

  4. A formal ethics training program


Correct Option: C
Explanation:

Elements of business ethics 
1. The first element is a strong code of ethics.
2. The second key element to a solid ethics foundation is ethics training.
3. The third key element to a strong ethics foundations is an "ethics coach".


Thus significant financial expenditure is not the key element of business ethics.

__________ also serves to inform employees of the vision that the company's executives have for the company's image and goals.

  1. Customer feedback

  2. Code of ethics

  3. Ethics coach

  4. Mission


Correct Option: B
Explanation:
A code of ethics should reflect top management's desire for compliance with the values, rules, and policies that support an ethical climate. The development of a code of ethics should involve the Board of Directors, and Chief Executive Officers who should be implementing the code.
Legal staff should also ensure that the code has assessed key areas of risk correctly, and that it provides buffers for potential legal problems. 
The code of ethics outlines a set of fundamental principles which could be used as the basis for operational requirements (things one must do), operational prohibitions (things one must not do). It is based on a set of core principles and values and is by no means designed for convenience. The
employees subjected to the code are required to understand, internalize, and apply it to situations which the code does not specifically address.

Business must first be responsible to __________.

  1. employees

  2. customers

  3. owners

  4. bankers


Correct Option: B
Explanation:

Customer satisfaction is a vital factor in successful business strategy. An organization with a strong ethical environment places its customer's interest as foremost. As customers are the backbone of any enterprises therefore business must be responsible to its customer.

Spending money on restoring the environment, affected out of products of inherently dangerous nature is considered as part of __________.

  1. business ethics

  2. corporate philanthropy

  3. whistle blowing

  4. corporate leadership.


Correct Option: A

"Adhering to rules and authority" comes under which scope of ethics?

  1. Ethics in marketing

  2. Ethics in compliance

  3. Ethics in finance

  4. Ethics in production


Correct Option: B
Explanation:
Compliance is about obeying and adhering to rules and authority. The motivation for being compliant could be to do the right thing out of the fear of being caught rather than a desire to abide by the law.
An ethical climate in an organisation ensures that compliance with law is fueled by a desire to abide by the laws. Organisations that value high ethical values comply with the laws not only in documents but go beyond what is stipulated or expected of them. 

Mohan joined a company as Chief Finance Officer (CFO). He observes that the company is involved in concealing tax and engaged in other malpractices. He brought this fact to the notice of the Income Tax Authorities. This action of Mohan would be termed as _______.

  1. cartelisation

  2. misconduct

  3. ethical wrong

  4. whistle blowing


Correct Option: D

Sarbanes Oxley Act of $2002$ is named after which of the following experts?

  1. Aristotle

  2. Smator Paul Sarbanes

  3. Michael Oxley

  4. Both (b) and (c)


Correct Option: D
Explanation:

The Sarbanes-Oxley Act, officially named the Public Company Accounting Reform and Investor Protection Act of $2002$, became law on $July\ 30, 2002$. The law was informally named after its sponsors, Senator Paul Sarbanes (D-MD) and Representative Michael G. Oxley (R-OH).

Which of the following ethical issue is related to finance?

  1. Abusing co-workers

  2. Black mailing

  3. Insider trading

  4. Using of power and abusive language.


Correct Option: C
Explanation:

Insider trading is a word that has many definitions and connotations and which includes both legal and illegal activities. 


It can also be described as an insider trading of a company’s stock, securities, bonds and stock options by persons with possible access to non-public information about the company. 

Nevertheless, insider trading can take place lawfully every day, when trading by the corporate insiders such as officers, directors, employees and large shareholders to buy or sell stock in their own companies if this trading will not be taking advantage of the non-public information and also be within the boundaries of the company’s policies and the rules governing this trading. 

However, the term “insider trading" is mostly used to describe a practice in which an insider party trades based on non-public material information gained through the performance of the insider’s obligation at the company, in violation of other relationships of faith and assurance or otherwise when the non-public information was stolen from the company. 

In other words, insider trading is buying, selling or dealing in securities, bonds, and stocks of a company by a director, manager, or employee of the company who has confidential information that is not accessible to the public.

Which of the following statements is not correct?

  1. Ethics pays in long term

  2. Codes of ethics foster ethical, ethical behavior because they expand the opportunity to behave ethically

  3. Ethics is good for company

  4. Without a code of ethics or formal policy on ethics employees are likely to base their peers and superiors behave.


Correct Option: B
Explanation:
Ethical conduct is in the long-term interests of businessmen. A business enterprise that is honest and fair to its customers, employees, and other stakeholders earns their trust and goodwill.
It ultimately results in customer    satisfaction, healthy competition, industrial growth and high earnings. 

Businesses must balance their desire to maximize profits against the requirements of stakeholders. 
Maintaining this balance often requires trade offs. To address this unique aspect of business, rules are articulated to guide it to earn profits without harming individuals or society as a whole. 

While referring to business activity profile, Mahatma Gandhi once mentioned that all business entrepreneurs should ask themselves the question whether the activities they are contemplating would be of some use to the common man. This statement emphasizes the importance of nobility of business purpose.

Activity to improve ethical behavior by enacting various legislation is not taken at _________.

  1. government level

  2. institutional level

  3. industrial level

  4. societal level


Correct Option: A
Explanation:
The major problem for implementing effective Codes of Ethics remains that no law or Code will be of much value if individual civil servants lack the technical competence to recognize an ethics problem for what it is, or if they do not know what standards their organization expects of them, or (worst of all), if they consider it to be not in their interests, personally or professionally, to take a stand for integrity and against corruption.

Measures taken to improve ethical behavior at Government Level are

-companies to follow various legislation such as the Minimum Wages Act, Essential Commodities Act etc,
- framing laws and strict penalties if laws do not adhere.
- The government should announce the certain reward for individuals who practice ethical behavior like Indira Gandhi Paryavaran Puraskar
-Using mass media to educate people.

Which of the following action indicate ethical practice on part of business?

  1. To promote harmful products

  2. To promote corruption

  3. To promote harmless products

  4. To promote alcohol


Correct Option: C
Explanation:

Promoting harmful products, corruption and alcohol are not a ethical practice. But promoting harmless product are an ethical activity.

Aspiration of Indians to build a strong nation is a short time coupled with their Colonial legacy, has led to two divergent strands of values. This can be attributed to which category of reasons for unethical behavior?

  1. Cultural and social reason

  2. Sanctions and discrimination

  3. Greed for quick money

  4. Absence of well organised consumer movement


Correct Option: A
Explanation:

Cultural environments that condone corruption. Such as defending or even admiring crooks. Or rationalizing false arguments with no moral basis . Who ought to promote that culture? Social leaders? Everyone?

 Indian peoples aspiration to build a strong nation in a short time coupled with our colonial legacy has lead to two divergent stand of values. Traditionally idealized value and operative values.

Measures to improve ethical behavior of business are framed at which level?

  1. Societal level

  2. Government level

  3. Institution level

  4. All of the above


Correct Option: D
Explanation:

following are the measures to improve ethical behavior of business :-

1. Institutional level
2.Government level
3. Societal level.

Which of the following ethical issue is related to production?

  1. Black market

  2. Grey market

  3. Price discrimination

  4. None of the above


Correct Option: D
Explanation:
This area of business ethics deals with the duties of a company to ensure that their products and production processes do not cause harm to society at large. 
Some of the more acute dilemmas in this area arise out of the fact that there is usually a degree of danger in any product or its production process and it is difficult to define the degree of permissibility, since the degree of permissibility may depend on the changing state of preventative technologies or changing social perceptions of acceptable risk.

 — Defective, addictive and inherently dangerous products.

 — Ethical relations between the company and the environment include pollution, environmental ethics and carbon emissions trading.

 — Ethical problems arising out of new technologies, for example, genetically modified food.

 — Product testing ethics.
The most systematic approach to fostering ethical behavior in business is to build a corporate culture
that would link ethical standards and business practices.

Corporate codes of ethics.

  1. Are always externally audited

  2. Create guidelines for employees to work by

  3. Are always compliance based

  4. Are always integrity based


Correct Option: B
Explanation:
A corporate code of conduct may be defined as a document containing the core values and moral principles which all those working in the company are expected to follow in the course of their duties as well as in their daily activities. It reflects commitment of the company to ensure ethical behaviour on the part, of its members. It also indicates how an employee should act in general or in specific situations. A code of conduct lays down 'do’s' and `don'ts'. It describes socially acceptable and responsible behaviour. Hence, a code of ethics is a tangible guide to ethically desirable behaviour. 

Pick the odd one. It is UNCOMMON for business to behave ethically because.

  1. It has to meet stock holder expectations

  2. It has to ignore their employees relations

  3. To build trust with shareholders

  4. All of the above


Correct Option: B
Explanation:

Ignoring employees relations are not ethical because employees are the most important resource of the company .

EBEN is?

  1. European Business Ethics network

  2. European Business Ethics nation

  3. European Business Ethics national

  4. None of the above


Correct Option: A
Explanation:

The European Business Ethics Network $(EBEN)$ is an international network of academics and practitioners that promotes ethical business practice and increases awareness about ethical challenges in the global marketplace. 

Government gives awards for ethics shown by business people. The name of the award is?

  1. Indira Gandhi Paryavaran Puraskar

  2. Indira Gandhi Kiteracy Puraskar

  3. Rajeev Gandhi Paryavaran Puraskar

  4. Mahatma Gandhi Paryavaran Puraskar


Correct Option: A
Explanation:

Indira Gandhi Paryavaran Puraskar ( Indira Gandhi Environment Award) is an environment award instituted by the Ministry of Environment and Forests, Government of India in the year $1987$, in order to encourage public participation in environment. It is awarded to individuals and organizations that have made significant and measurable contributions in the field of environment protection and improvement.The prize is presented every year on an occasion related to the environment.

Focusing more on the environmental impacts helps to attract and retain employees, and customers.

  1. True

  2. False


Correct Option: A
Explanation:

Make it clear to employees that you welcome — and will implement — good ideas that also foster sustainability. For example, installing motion sensors in your workplace that turn off the lights when nobody is in the room will help save energy and save money. Establish a program that rewards and recognizes employees who come up with ideas that reduce waste and save resources. That's certainly a win for people, planet and profits.

Prevention of wastage of materials and energy can be done through _______.

  1. Recycling

  2. Reducing consumption

  3. Selection of suitable facility for production

  4. All of the above


Correct Option: D
Explanation:
  • Recycling: Place blue recycling bins around the office for easier trash disposal. You can also provide smaller containers for recyclable materials along with individual employee wastebaskets. Demonstrate your support for sustainable products by asking your office manager to prioritize the purchase of office supplies that contain recycled materials.
  • Reducing consumption: Encourage employees to minimize waste by reducing unnecessary printing, turning lights off in rooms that are not being used and bringing their own mugs and reusable water bottles from home.
  • Selection of suitable facility for production: selecting the best method of production which reduces wastage of material and energy.

Identify the measures taken by businesses to protect environment.

  1. Installing and maintaining pollution control equipment.

  2. Having an audit system for checking the efficacy of environment protection measures.

  3. Participating in environmental protection measures.

  4. All of the above


Correct Option: D
Explanation:

There are many measures which can be taken by businesses to protect environment. All the above 3 are examples of the steps which  businessmen can apply in their business and contribute to the environment which will protect environment to a certain limit.

The Sarbanes-Oxley Act, $2002$ was enacted and passed in USA to _________.

  1. punish those who committed accounting frauds in the late $1990s$

  2. improve corporate profits

  3. help laid-off employees get their jobs back

  4. help restore confidence in corporate America


Correct Option: A
Explanation:
The U.S. Congress passed the Sarbanes-Oxley Act $2002$, also known as the Corporate Responsibility Act of $2002$, mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.
$SOX$ protects employees that report fraud and testify in court against their employers. Companies are not allowed to change the terms and conditions of their employment. They can't reprimand, fire, or blacklist the employee. $SOX$ also protects contractors. Whistle blowers can report any corporate retaliation to the $SEC.$

The latest trend followed by businesses in promoting environmental protection is ___________.

  1. Going green

  2. Technology

  3. Cost efficient model

  4. None of the above


Correct Option: A
Explanation:

The latest trend followed by businesses in promoting environmental protection is 

Despite extensive economic growth and increases in the quality of life over the last century, concern remains that the era of industrialization has had substantial negative effects on the natural environment and that these effects diminish the vitality and sustainability of our economic systems[i]. In addition to the localized problems pollution, recent scientific discoveries have revealed global scale effects such as ozone depletion and climate change[ii]. The long-term economic impacts of these effects may be quite substantial as a large portion of the world’s economic output is dependent upon the viability of natural systems.

Environmental sustainability and fight against climate change is a long-term strategic issue for the modern world within the broader context of sustainable development. It is an established fact now that climate change has the potential to alter the ability of the earth’s physical and biological systems. It impacts different regions and sectors differently based on their sensitivity and adaptive capacity, and therefore, vulnerability.

The condition of the natural world depends significantly on what profit-making companies are doing, the way they are working, the kind of goods they are producing, and the attitude they are taking toward the natural world.

  1. True

  2. False


Correct Option: A
Explanation:

Protecting the environment is itself a business, and many organizations, especially nonprofits, take that as their guiding purpose.Their direct influence over the natural world, however, is slight when compared against all the globe’s for-profit companies chugging away in the name of earning money. Whether the place is Cancun, or China, or the United States, the condition of the natural world depends significantly on what profit-making companies are doing, the way they’re working, the kinds of goods they’re producing, and the attitude they’re taking toward the natural world. Three common attitudes are

  1. Accelerate and innovate,
  2. Monetize and count,
  3. Express corporate responsibility.

There’s a subtle difference between environmental conservation and protection. Conservation means leaving things as they are. Protection opens the possibility of changing the natural world in the name of defending it. One way for a business to embrace the protection of nature is through technological advance. New discoveries, the hope is, can simultaneously allow people to live better, and live better with the natural world. Looking at a stained paradise like Cancun, the attitude isn’t so much worry that we’re ruining the world and won’t be able to restore a healthy balance, it’s more industrially optimistic: by pushing the accelerator, by innovating faster we’ll resolve the very environmental problems we’ve created.

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