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Question Bank of Previous University Exam Papers
BUSINESS ETHICS
- Define business ethics. What are its features?
- Explain the importance of business ethics as an important tool in developing a good business reputation.
- What is business ethics? How does it differ from moral values?
- What is the code of conduct of business houses?
- Explain the normative principles of ethics.
- Write in detail with illustrations your views on ethics and morality.
- According to you how difficult is ethical decision-making? What are the steps to ethical decision- making?
- What is social responsibility of business enterprises and how it can be achieved?
- What are the various social responsibilities towards various sections of the society?
- Explain the strategies for pursuing social responsibility.
- What is whistle blowing? What are the characteristics of a whistler blower?
- How to achieve fairness and justice in administration?
- What is the different unfair business practices followed in business?
- ‘Commonwealth Games and the 2G Spectrum have exposed the extent of corruption which has seeped into the social fabric of India.’ Explain how corruption adversely impacts the society.
- Discuss the responsibilities of business houses towards its employees.
- Explain the nature of business ethics.
- Explain the Utilitarian theory with appropriate examples.
- ‘If an action produces most utility, is it always moral?’ Discuss the statement in light of the Utilitarian approach to ethics.
- Discuss the theory of rights and duties with examples.
- Explain the theory of justice. What are the types of justice?
- What is fairness? What are the three basic principles of fairness?
- What is Consequentialism? Explain with appropriate examples.
- Discuss Kohlberg’s six-stage of moral development with illustration.
- Discuss the Kohlberg’s six stage of moral development to establish any violation of moral responsibility.
- ‘The rights of individuals are also intricately joined with the duties of the individual in an organization.’ Discuss the statement.
- What is ethical dilemma? How can ethical dilemmas be resolved?
- State the ethical dilemmas faced at the workplace.
- What are the guidelines for managers in ethical decision-making?
- What are the rights and obligations of an individual in an organization?
- Discuss the concept of creative accounting with appropriate example.
- What is ethical leadership? What are the general guidelines for practicing ethical leadership?
- What is your understanding of an ethical leader? What do you think should be the qualities of an ethical leader to lead the nation?
- What is Kantianism? What do you understand by categorical imperatives?
- Define and discuss the theory of deontology.
- Explain Aristotle’s virtue ethics.
- What are scams and scandals? Explain with examples.
- How important is financial stability in the face of governance risk?
- ‘Corporate Social Responsibility (CSR) can be made an effective strategy for good governance’. Elucidate the statement.
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CORPORATE GOVERNANCE
- What is corporate governance? How can it enhance the prospects of a business?
- Explain the role of corporate governance in the financial sector.
- Trace the evolution of corporate governance in the corporate world.
- What are the principles of good corporate governance?
- Discuss some of the scams in the corporate sector and the need for corporate governance.
- Discuss the new provisions in Clause 49 of SEBI guidelines on corporate governance.
- Explain the Anglo-American model of corporate governance.
- Briefly discuss the Models of Corporate Governance: a. Indian model; b. Japanese Model; c. German Model
- Discuss the ‘best practices’ in corporate governance.
- Discuss with illustrations corporate governance under Indian ethos.
- What is the Sarbanes-Oxley Act? Explain any three important Sections of the Act.
- What is the Sarbanes-Oxley Act? Explain with reference to corporate governance.
- Why do you think so many big corporate got into business troubles since late 1990s? What measures were taken by USA as well as India to contain the problem of non-transparent governance of listed companies since 2001?
- Discuss the significance of ethics in corporate governance with examples.
- What are the ethical approaches to better corporate governance?
- Elaborate Ganguly Committee in detail.
- Explain the recommendations of the Narayan Murthy Committee constituted by SEBI for good corporate governance.
- Who is a director? What are the duties and responsibilities of a director?
- What is legal position of a director? What is the qualification of a director and under what circumstances a director can be disqualified?
- What is a Board? What are the powers of a Board?
- Who is an independent director? What are its roles and responsibilities in corporate governance?
- What is the role of family owned businesses in better corporate governance?
- Discuss the role of investors in promoting corporate governance.
- What are the rights and responsibilities of shareholders in general meetings?
- What is the need of corporate governance rating? What would it reveal about the company?
- How is the corporate governance rating going to improve the overall reporting standards?
- “Independent directors are known to bring objective view in Board deliberations. They also ensure that there is no dominance of one individual or special interest group or the stifling of healthy debate. They act as the guardians of the interest of all shareholders and stakeholders, especially in the areas of potential conflict.” Discuss the above statement in the light of Clause 49 of the listing agreement.
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SHORT NOTES
- Ethics and Law
- Moral Values
- Deontology
- Virtue Ethics
- Whistle Blowing
- Insider Trading
- Corruption
- SOX
- Directors’ Remuneration
- Non-Executive Directors
- Disclosure Norms
- Bank Frauds
- Money Laundering
- Distributive Justice
- Retributive Justice
- Holistic Approach to Governance
- Nominee Director
- Creative Accounting
- Code of Conduct
- Ethical audit
- Morality
- Corporate Governance
- CSR
- CGR
- Managerial Ethics
- Ethics of Care
- Teleology
- Compensatory justice
- Nomological Axiom
- Moral Development
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Sample CASE STUDIES (Also refer Cases given in the PPTs)
1. The Ethics of Looking Busy
“Some bosses just like you to be there, whether you need be there or not. So I have come up with ways to look like workaholic,” Jane Nugent said. “I can be off shopping or on a two-hour lunch, and everyone back at the office thinks I’m still there,” she noted, smiling. Jane then listed her strategies:
Before leaving, place a fresh, steaming cup of coffee on your desk; people will assume you’ll be right back;
Always leave the lights on and the computer running;
Hang around the office until the last supervisor leaves – then go…
Arrive early and let them see you, your car, and your office up and running, and then leave for the morning;
Go in on Saturday and stay for a few hours – you don’t need to work , just make sure someone sees you;
If you leave early, call back in and ask someone to look something up in your office – they will assume you’re at an out-of- office meeting;
If you must make personal calls, always have a pad in front of you, write on it frequently and speak firmly (the rest of the office will think you’re negotiating)
Leave personal belongings (coat, jacket) in your office to give the impression that you are returning.
- Evaluate Jane’s strategies from an ethical perspective.
- Should Jane consider flexible hours? Why? Explain in detail.
- Does Jane have enough to keep her busy at her job? Is it dishonest for her to continue her facade?
- Are Jane’s actions just a response to management’s basis of evaluation that time spent in the office equals performance?
2. Read the case and answer questions at the end.
Arthur Edward Anderson (1885-1947), the founder of Arthur Anderson & Co. must have turned in his grave in 2001, as the auditor firm founded by him became a synonym for
scandal in the accounting profession. On 15th August 2001, Sherron Watkins, an employee of Enron, questioned the company’s accounting practices, in a single-page letter to its CEO. Enron, the energy giant that ruled the world, and its auditor Arthur Anderson & Co., became the ridicule of the world. In early 2002, the US Justice Department began criminal investigations into Enron’s bankruptcy. In 2002, Arthur Anderson was convicted by the lower and appellate courts for obstruction of justice. The firm had worked hand in glove with Enron and cooked its account books. The audit firm that once had an 85,000 strong workforce now had closed offices and business interests around the globe. The firm’s name is so tarnished that there is no other business going on in it, other than attending to over a hundred civil suits.
- What do you think can be the outcomes of an accounting fraud to the society and business at large?
- Why do you think that the history of accounting fraud repeats itself, such as so many frauds which we have heard after Enron scandal?
- Describe the CRISIL methodology for CG Rating.
- Write a detailed note on Sarbanes Oxley Act.
3. Read the case and answer questions at the end.
A junior member of staff has just returned to work after taking special leave to care for her elderly mother. For financial reasons she needs to work full-time. She has been having difficulties with her mother’s home care arrangements, causing her to miss a number of team meetings (which usually take place at the beginning of each day) and to leave work early. She is very competent in her work but her absences are putting pressure on her and her overworked colleagues. You are her manager, and you are aware that the flow of work through the practice is coming under pressure. One of her male colleagues is beginning to make comments such as “a woman’s place is in the home”, and is undermining her at every opportunity, putting her under even greater stress.
(a) In light of the above case, elaborate the ethical dilemma.
- How should you proceed so as not to discredit yourself, your profession or the practice for which you work and at the same time maintaining integrity and confidentiality in your actions?
OR
- How important are Independent Directors in an organization. Give your opinion.
- Write a detailed note on the principles and structure of corporate governance.
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