1. Trade between two countries can be useful if cost ratios of goods are:
Correct : D. Different
2. The term Euro Currency market refers to
Correct : B. The market where the borrowing and lending of currencies take place outside the country of issue
3. Which of the following theories suggests that firms seek to penetrate new markets over time?
Correct : B. Product cycle theory
4. Dumping refers to:
Correct : B. Sale of goods abroad at low a price, below their cost and price in home market
5. International trade and domestic trade differ because of:
Correct : D. All of the above
6. The margin for a currency future should be maintained with the clearing house by
Correct : D. Both the buyer and the seller
7. The following statement with respect to currency option is wrong
Correct : D. Call option will be used by exporters
8. Govt. policy about exports and imports is called:
Correct : A. Commercial policy
9. Which of the following is international trade:
Correct : A. Trade between countries
10. Market in which currencies buy and sell and their prices settle on is called the
Correct : C. Foreign exchange market
11. ___ Companies are registered in one country, doing business in others.
Correct : C. Off-shore
12. The difference between interest rates in Russia and Switzerland stands for about ___
per annum.
Correct : B. 5%
13. It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures.
Correct : A. Universal Culture
14. ___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness.
Correct : B. High fit
15. Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___.
Correct : D. Both a and b
16. State whether it is true or not: “Around the World, wherever you are, get what you want-fast from our family of Web sites.”
Correct : B. True
17. ___ has become a world-leading marketer of toys.
Correct : A. California
18. The main benefits for industrial countries would come from the liberalization of their
___ market.
Correct : B. Agriculture
19. The non-tariff barriers are:
Correct : C. Both a and b
20. What is meant by the phrase CSR?
Correct : A. Corporate Social Responsibility
21. What does Milton Friedman believe to be the sole responsibility of business?
Correct : A. The only social responsibility of business is to its shareholders
22. What is the enlightened self-interest model of CSR?
Correct : A. That it is in an organization's own best interest to put itself first rather than its ethics
23. What does the importance of ethical behaviour, integrity and trust call into question?
Correct : A. The extent to which managers should attempt to change the underlying beliefs and values of individual followers
24. Which of the following would most effectively act as the primary objective of a business organisation?
Correct : A. To make a profit
25. Which of the following does the term Corporate Social Responsibility relate to?
Correct : D. All of the above
26. What is Ethics to do with?
Correct : C. Right and wrong
27. Which legislation relates to the concept of business ethics?
Correct : A. Freedom of Information Act
28. A stakeholder orientation includes all of the following activities except:
Correct : D. Minimizing The Influence Of Stakeholder Information On The Firm
29. 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 : B. Ethical Issue
30. What type of justice exists if employees are being open, honest, and truthful in their communications at work?
Correct : D. Interactional
31. Better access to certain markets, differentiation of products, and the sale of pollution-control
technology are ways in which better environmental performance can:
Correct : A. Increase Revenue
32. Atmospheric issues include all of the following except:
Correct : D. Water Quantity
33. Most companies begin the process of establishing organizational ethics programs by
developing:
Correct : B. Codes Of Conduct
34. When a firm charges different prices to different groups of customers, it may be accused of:
Correct : A. Cultural Relativism
35. Successful global initiatives addressing standards for business must begin and end with:
Correct : A. the role of corporate governance and shareholder power in corporate decision making
36. The social economy partnership philosophy emphasizes:
Correct : A. Cooperation And Assistance
37. Which of the following is a problem presented by ethics audits?
Correct : C. Selecting auditors may be difficult
38. The first step in the auditing process should be to secure the commitment of:
Correct : B. Top Executives And Directors
39. ____________ refers to a strategic process involving stakeholder assessment to create longterm relationships with customers, while maintaining, supporting, and enhancing the natural environment.
Correct : B. Green marketing
40. A ________ _________ sets out the purpose and general direction for the organisation?
Correct : C. Mission statement
41. Which of the following would most effectively act as the primary objective of a business organization?
Correct : B. To make a profit.
42. What is the purpose of a balanced scorecard?
Correct : D. To combine a range of qualitative and quantitative indicators of performance.
43. Which of the following does the term Corporate Social Responsibility relate to?
Correct : D. All of the above.
44. Who are organisational stakeholders?
Correct : D. All of the above.
45. What is Ethics to do with?
Correct : B. Right and wrong.
46. 'Ethics deals with the right actions of Individuals' Who said?
Correct : B. P F Drucker
47. Which of the following word refers to 'doing business with your grandchildren's interests at heart'?
Correct : B. Sustainability
48. Which is the element of business ethics?
Correct : D. All of the above.
49. 'Social responsibility is to pursue those policies & decisions or to follow lines of actions which are desirable in terms of the objective & value of our society' who said??
Correct : A. H R Bowen
50. Which is the principle of corporate responsibility?
Correct : D. All of the above
51. Which is the element of social responsibility?
Correct : D. All of the above
52. Which one of the following is not principle of business ethics?
Correct : D. Principle of dissatisfaction.
53. Business ethics is a dynamic philosophy of ---- economic adjustment whose field is widening day-by-day
Correct : A. Socio
54. The social responsibility of business towards the owners of business includes
Correct : D. All of the above.
55. CSR that extends beyond legal mandates can help meet social expectations in the absence of:
Correct : A. Statutory devices.
56. The relationship between standards of CSR & potential legal requirements governing
corporate operation lies at the heart of the
Correct : A. The business community.
57. The argument for CSR involves
Correct : D. All of the above
58. The spending on CSR activity is mandatory in India for following organisations:
Correct : B. 2% spending for above 5 cr profit organisations.