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Xaviers Institute
of Business Management Studies
Business Ethics
Max.
Marks: 80
SECTION – A
1.
Answer any ten of the following in about 3-4 lines each: (2x10-20)
a)
Define Business Ethics.
Answer : Business
ethics refers to the principles and standards that guide ethical behavior in
commercial activities. It
b)
What is morality?
Answer : Morality
refers to a set of principles or values that governs behavior and
decision-making based on ideas of right and wrong, good and bad, and just and
unjust. It is concerned with individual or
c)
How religion and ethics are related?
Answer : Religion
and ethics are often intertwined as many religions provide a moral framework
for ethical behavior and
d)
What is ethical dilemma?
Answer : An
ethical dilemma refers to a situation where an individual or group is faced
with a decision that involves conflicting
e)
Define Corporate Governance.
Answer : Corporate
governance refers to the system of principles, policies, and procedures that
governs how a company is managed and controlled. It involves the relationships
and responsibilities between
f)
What are attitudes?
Answer : Attitudes
are mental states or evaluations that individuals hold towards people, things,
or ideas, which can influence their behavior and decision-making. They are a
combination of beliefs, emotions,
g)
What is the psychological egoism?
Answer : Psychological
egoism is a theory that asserts that all human behavior is ultimately motivated
by self-interest.
h)
State the two unethical practices in Software Company?
Answer : There
are many unethical practices that can occur in a software company, but two
examples are:
1. Software piracy: This is the unauthorized copying,
distribution, or use of software without permission from the copyright owner.
It is a form of intellectual property theft and a
i)
What are tax ratios?
Answer : Tax
ratios are measurements used to assess the level and structure of taxation
within a country. These ratios are typically expressed as a percentage of gross
domestic product (GDP) and are
j)
List four features of utilitarianism?
Answer : Four
features of utilitarianism are:
1. Consequentialism: Utilitarianism is a
consequentialist theory, which means that it judges the morality of actions
based on their outcomes or consequences. According to utilitarianism,
k)
What is whistle blowing?
Answer :
l)
What is software privacy?
SECTION - B
Answer
any three of the following. Each question carries 5 marks. (3x5=15)
2.
Explain the significance of ethics in business planning and decision making.
Answer : Ethics
play a crucial role in business planning and decision-making for several
reasons:
1. Reputation: A company's reputation is a key factor in its success, and
ethical behavior is an important driver of reputation. Unethical behavior, on
the other hand, can damage a company's reputation and lead to loss of customers
and business partners.
3.
What are corporate crimes? What are their effects on society?
Answer : Corporate
crimes are illegal activities committed by corporations or individuals acting
on behalf of corporations in the pursuit of profit or other organizational
goals. These crimes can take many forms, including fraud, embezzlement,
environmental violations, antitrust violations, and more.
The effects
of corporate crimes on society can be significant and far-reaching. Some of the
negative effects of corporate crimes on society include:
4.
What are the implications of unethical practices on human resource management?
Answer : Unethical
practices in human resource management can have several negative implications,
including:
1. Poor morale: Unethical practices can create a toxic work environment and lead
to poor employee morale. This can result in reduced productivity, increased
absenteeism, and higher turnover rates.
5.
What do you mean by classical utilitarianism? Explain its principles.
Answer :
6.
Explain the benefits of good corporate governance.
Answer :
SECTION - C
Answer
any three of the following. Each question carries fifteen marks. (3x15=45)
7.
Explain the ethical issues involved in managing finance with an objective of
maximizing shareholders wealth rather than shareholders interests.
Answer : Maximizing
shareholder wealth is a common objective for many corporations, but it can
create ethical issues when it is pursued at the expense of other stakeholders'
interests.
Ethical
issues can arise in many aspects of finance management, including financial
reporting, insider trading, conflicts of interest, use of company resources,
pay and benefits, and social responsibility.
8.
Describe congnitivism and non-congnitivism ethical theories.
Answer : Cognitivism
and non-cognitivism are two broad categories of ethical theories that address
the question of how we can make moral judgments.
Cognitivism:
Cognitivism
is the view that moral judgments are statements that can be true or false, and
that they can be supported by
9.
Explain the impact of corporate governance of Narayana Murthy Committee.
Answer : The
Narayana Murthy Committee was formed in 2003 to examine corporate governance
practices in India and recommend measures to improve them. The committee was
headed by N.R. Narayana Murthy, the founder of Infosys Technologies Limited,
and consisted of other prominent members from the corporate sector, legal profession,
and academia.
10.
Explain the factors influencing ethical environment a service organization.
Answer :
11.
Explain the corporate social responsibility towards the educational
institutions.
Answer :
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