1. The American Accounting Association (AAA) model is a

1. Normative diagnostic tool, a guide in making ethical decisions
2. Objective diagnostic tool, a guide in making ethical decisions
3. Descriptive diagnostic tool, a guide in making ethical decisions
4. Applied diagnostic tool, a guide in making ethical decisions

2. Utilitarianism explains impartiality as

1. Your family members are more important than other beings whom you dont know.
2. Everyone is equally important, and one should give equal weight to each persons goof or utility/welfare
3. Your friends and family members are more important than being whom you dont know
4. Yourself is more important than other beings whom you dont know.

3. Corporate Governance code for the Capital Markets principle 8 requires to :

Select One:

1. Establish clear responsibilities for board oversight
2. Respect the rights of shareholders
3. Recognize and manage risk
4. Promote ethical and responsible decision-making

4. Utilitarianism explains that the only reason for performing action A rather than alternative action B is

1. That doing A will save money time and effort.
2. That doing either A or B is indifferent
3. That doing B will make mankind or, perhaps, all sentient happier than will doing A
4. That doing A will make mankind or, perhaps, all sentient happier than will doing B

5. In theory when both traders leave a market then

1. One should be made better off than they came and one should be worse off, because of the voluntary character of the exchange
2. Both should make worse off because of the voluntary character of the exchange
3. Both should be better off than they came, or at least no worse off, because of the voluntary character of the exchange
4. One should be made better off than they came and one should be worse off, because of the voluntary character of the exchange

6. Opportunities for social innovation are greatest when:

1. CSR is pursed by a firm to enhance human capital
2. CSR is aligned with a firms core skills and capabilities
3. CSR is pursed by a frim to improve its reputation
4. CSR spending of a firm is larger than that of its competitors

7. Majority of individuals do not mature beyond the

1. Post Post- Conventional level
2. Pre conventional level
3. Post conventional level
4. Conventional level

8. Which of the following is not one of the primary elements of a strong organizational compliance program?

1. A Written code of conduct
2. An ethics officer
3. Significant financial expenditures
4. Formal ethics training program

9. The aim of ethical theories is:

1. To present and defend systematic answers on what moral standards (norms and values) should we take into account when assessing actions, decisions and institutions and how should moral standards be justified?
2. To present and defend systematic answers on how should moral standards be justified?
3. To present and defend systematic answers on ones actions.
4. To present and defend systematic answers on what moral standards (norms and values) should we take into account when accessing actions, decisions and institutions?

10. Who said that the only one social responsibility of business is to increase profits?

1. Milton Friedman
2. Michael Porter
3. Edward Freeman
4. Michael Freeman

11. Universal Consequentialism

1. One takes into account how the consequences of an act will affect oneself.
2. Moral rightness depends on the consequences for an individual agent or a limited group.
3. Moral rightness depends on the consequences for all affected people or sentient beings
4. One only takes into consideration how the consequences of an act will affect oneself or a given group

12. Which stage of Kohlbergs theory of Cognitive Moral Reasoning and Development would, fulfilling agreed-to duties and obligations by displaying orientation towards authority, fixed rules, laws and maintenance of social order, fall into

1. 4 b. 2 c. 1 d. 3

13. Which approach of corporate social responsibility caters best when it comes to minimizing forms cost and at the same time maximizing benefits to the society.

1. Insider-initiated corporate philanthropy
2. Win-Win strategy that is doing well by doing good
3. Outsider-initiated corporate philanthropy
4. Delegated philanthropy

14. Which stage of Kohlbergs theory of Cognitive Moral Reasoning and Development would, the perspective of an individual that persons are ends in themselves and must be treated as such, fall into

1. Stage 2 Instrumental relativist orientation
2. Stage 6: Universal ethical principle orientation
3. Stage 5 Social contract orientation
4. Stage 3 Good boy or good girl orientation

15. Step 6 of the American Accounting Association (AAA) model looks at

1. What are the norms, principles and values related to the case?
2. What are the consequences of each possible course of action?
3. What are the alternative courses of action?
4. List the primary stakeholders

16. What attitude do most utilitarian take toward non-human animals?

1. Their suffering does not matter morally
2. Their suffering matters morally but not nearly as much as that of humans
3. Animal suffering is morally more important than human suffering because animals are not moral agents
4. If an animal suffers to the same extent as a human, the animals suffering is equally important

17. How many stages are there in Kohlbergs theory of Cognitive Moral Reasoning

1. 3 b. 6 c. 1 d. 2

18. Which moral philosophy seeks the greatest good for the greatest number of people?

1. Consequentialism
2. Utilitarianism
3. Ethical formalism
4. Egoism

19. Which level of Kohlbergs theory of Cognitive Moral Reasoning and Development would, the perspective of an individual recognizing that persons are ends in themselves and must be treated as such, fall into

1. Pre-conventional level
2. Conventional level
3. Post-conventional level
4. Concern for community level

20. Corporate Governance Code for the Capital Markets Principle 8 requires to:

1. Establish clear Responsibilities for Board oversight
2. Respect the rights of Shareholders
3. Recognize and manage risk
4. Promote ethical and responsible decision-making

21. Utilitarianism explains that the only reason for performing action A rather than alternative action B is

1. That doing A will save more time an effort
2. That doing either A or B is indifferent
3. That doing B will make mankind or, perhaps, all sentient beings happier that will doing A
4. That doing A will make mankind or, perhaps, all sentient beings happier than will doing B

22. Normative ethics is

1. Factual investigation of moral standards
2. The study of ethical terms, statements and judgments
3. Is a part of normative ethics that focus on particular fields
4. Systematic investigation of moral standards

23. Which of the following is NOT an example of genuine business innovation?

1. Charitable donation to an ecological organization
2. New product targeted at low-income customers
3. Development of less polluting fuel
4. Investment in alternative energy sources

24. How many levels are there in Kohlbergs theory of Cognitive Moral Reasoning

1. 1 b. 6 c. 3 d. 2

25. All definitions of Corporate Social Responsibility recognize that:

1. Companies must pay equal attention to business ethics and sustainability
2. The natural environment should be the main focus of CSR activities
3. Companies have a responsibility for their impact on society and environment
4. Business ethics is a complex issue