MGT610-Mid-Term-Solved-MCQS

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School

Virtual University of Pakistan**We aren't endorsed by this school

Course

ETHICS MGT610

Subject

Management

Date

Dec 18, 2024

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Uploaded by KidWalrus4803

1 MGT610 Mid Term Busines Ethics Solved MCQS

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

3 Question No: 9 ( Marks: 1 ) - Please choose one 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 Capitalism Liberalism Socialism 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:

4 Tying arrangement Exclusive dealing arrangement Retail price maintenance agreement Manipulation of supply Question # 1 of 15 ( Start time: 08:56:08 PM ) Total Marks: 1

5 Question # 3 of 15 ( Start time: 08:58:22 PM ) Total Marks: 1 Which theory claims that people would be lazy without private property? Select correct option: Capitalism

6 Socialism Utilitarianism None of the above

7 Question # 5 of 15 ( Start time: 09:00:22 PM ) Total Marks: 1 According to Aristotle’s view, how do we learn virtue? Select correct option: By habit By dialectical argument By rational instruction By learning from our mistakes

8 Question # 7 of 15 ( Start time: 09:02:22 PM ) Total Marks: 1 The concept that there are no relevant differences among people that can justify unequal treatment is known as? Select correct option: Egalitarianism Utilitarianism

9 Socialism None of the above Question # 9 of 15 ( Start time: 09:05:10 PM ) Total Marks: 1 Socialist view on distribution is best described as: Select correct option:

10 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

11 Question # 10 of 15 ( Start time: 09:06:06 PM ) Total Marks: 1 Factual evidence has the following properties except? Select correct option: Time bound Accurate Relevant Complete

12 Question # 11 of 15 ( Start time: 09:06:55 PM ) Total Marks: 1 In which country Locke’s property rights have been influential? Select correct option: England Germany America Greek

13 Question # 12 of 15 ( Start time: 09:07:27 PM ) Total Marks: 1 Which of the following are the criteria for determining moral right and wrong? Select correct option: Universalizability Reversibility Both a & b None of the above

14 Question # 13 of 15 ( Start time: 09:08:06 PM ) Total Marks: 1 Utilitarianism is unable to deal with following kind of moral issues? Select correct option: Rights Justice Both a & b None of the above

15 Question # 15 of 15 ( Start time: 09:09:28 PM ) Total Marks: 1 Privacy is an example of? Select correct option: Positive right Basic need Negative right None of the above

16 Question # 1 of 15 ( Start time: 09:16:17 PM ) Total Marks: 1 Which theory includes means of production and selling one's labor? Select correct option: Capitalist systems

17 Free economy system Socialist system None of the above capitalist systems offer only two sources of income–owning the means of production and selling one's labor–workers

18 Question # 4 of 15 ( Start time: 09:19:21 PM ) Total Marks: 1 Who presented the theory of absolute advantage? Select correct option: Adam Smith Friedrich A. Hike

19 Murray Roth bard Eric Mack Question # 5 of 15 ( Start time: 09:20:14 PM ) Total Marks: 1 Which of the following are components of free market systems? Select correct option: Private property system

20 Voluntary exchange system Both a & b None of the above Question # 7 of 15 ( Start time: 09:21:55 PM ) Total Marks: 1 Question # 8 of 15 ( Start time: 09:22:44 PM ) Total Marks: 1 How many sources of income Capitalist systems offer?

21 Select correct option: 4 3 2 5

22 Question # 9 of 15 ( Start time: 09:23:40 PM ) Total Marks: 1 Which of the following refers to the ability of a person or a country to produce a particular good at a lower opportunity cost than another country? Select correct option: Absolute advantage Comparative advantage

23 Resource efficiency Natural advantage Question # 15 of 15 ( Start time: 09:29:34 PM ) Total Marks: 1 Which of the following is the combining of two or more independent bodies into a single body? Select correct option:

24 Joint venture Merger Management contract Licensing

25 Question # 1 of 15 ( Start time: 09:39:55 PM ) Total Marks: 1 Which one of the following does not come under Interpersonal Concordance Orientation? Select correct option: Trust Opinion Affection Loyalty

26 Question # 2 of 15 ( Start time: 09:41:02 PM ) Total Marks: 1 Which one is considered as primary economic institution? Select correct option: Business Enterprises Banks

27 Insurance companies None of the above Question # 3 of 15 ( Start time: 09:41:52 PM ) Total Marks: 1 The idea that moral rightness or wrongness is culture-dependent is an example of Select correct option:

28 Moral relativism Moral absolutism Categorical imperative Universality Question # 4 of 15 ( Start time: 09:43:02 PM ) Total Marks: 1 What was the number of the patients suffering from river blindness in Africa andLatin America?

29 Select correct option: 16million 17million 17.5 million 18million Question # 6 of 15 ( Start time: 09:44:50 PM ) Total Marks: 1

30 The type with which one looks only at moral rules or actions of a particular type is known as? Select correct option: Rule utilitarianism Utilitarianism Both a & b None of the above

31 Question # 9 of 15 ( Start time: 09:48:59 PM ) Total Marks: 1 Question # 10 of 15 ( Start time: 09:50:01 PM ) Total Marks: 1 First principle of John Rawls theory is called: Select correct option: Difference principle Principle of equal liberty Principle of fair equality of opportunity Original position

32 Question # 12 of 15 ( Start time: 09:52:10 PM ) Total Marks: 1 The behavior respects the basic rights of the individuals involved and whether the behavior is consistent with one's agreements and special duties is referred as? Select correct option: Standards of justice Standards of caring

33 Standards that specify how individuals must be treated None of the above Question # 13 of 15 ( Start time: 09:53:20 PM ) Total Marks: 1 Greater economic freedom ranking countries enjoy the following except?

34 Select correct option: Highest standards of living Greatest degree of political freedom Both a & b None of the above Question # 15 of 15 ( Start time: 09:55:24 PM ) Total Marks: 1 Which one of the following study aims to discover “what should be”?

35 Select correct option: Moral Study Descriptive Study Normative Study Study of Ethics Which one of the country has more collectivist culture? USA Japan Pakistan

36 None of the above Which one of the following is a component of free market systems? Private property system Involuntary exchange system Command system None of the given Which philosopher of utilitarianism presents the cost-benefit analysis? Aristotle Mill

37 Kant Bentham Right action comes to be defined in terms of moral principles chosen because of their logical comprehensiveness, universality, and consistency is known as? Select correct option: Interpersonal Concordance Orientation Universal Ethical Principles Orientation Social Contract Orientation Law and Order Orientation

38 Which of the following is NOT a feature of free market? Select correct option: Free choice Free enterprise Price flexibility Price fixing In which Year Township and village enterprises (TVEs) legalized? Select correct option: 1974 1984 1994 2004

39 Moral standards are absorbed from? Select correct option: Family & Friends Experience Intellectual capital All of the above Which one of the following ethic sees concrete communities and communal relationships as having a fundamental value? Select correct option: The care of ethic Demands of caring Communitarian ethic Socialism