All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Ethics
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II. Power to remit debt due by a director.
III. Power to appoint sole selling agents.
IV. Power to borrow in excess of capital and reserves for the company.
(a) Both (I) and (II) above
(b) Both (III) and (IV) above
(c) (I), (III) and (IV) above
(d) (II), (III) and (IV) above
(e) All (I), (II), (III) and (IV) above.
18. Law can be described as a consistent set of universal rules that are widely published, generally accepted and usually enforced. Which of the subsequent is not actual regarding the characteristics of law?
(a) Laws are enforced when people disobey them
(b) If a minority of members do not obey the law, it becomes difficult to enforce it
(c) The requirement how to act or not to act in a particular situation has to be published in written form
(d) Law is applicable to everyone who faces similar circumstances
(e) There should be any contradiction ranging from 2 requirements of the act.
19. Focus on corporate responsibility was highlighted through the industrial revolution and the years thereafter. Which of the subsequent happenings pertain to the industrial revolution during ‘nonconformist challenge’ in Britain?
I. Wealth and industry were approached in various ways from the perspective of the religion that people heading big businesses followed.
II. Quakers played an important role in shaping values of new entrepreneurial groups.
III. It reflected the needs of people who failed to prosper from the industrial revolution.
(a) Only (I) above
(b) Only (II) above
(c) Both (I) and (II) above
(d) Both (II) and (III) above
(e) All (I), (II) and (III) above.
20. A research was conducted by the Center for Advanced Purchasing Studies to obtain out the relationships of the American buyers with the foreign suppliers. Which of the subsequent is not a outcome of this study?
(a) Buyers who were lowest satisfied with the supplier relationship were those who perceived their suppliers to be most involved in unethical activities
(b) Significant differences did exist ranging from buyers’ and suppliers’ perceptions regarding how every believed the other to be involved in these activities
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