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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: (2×10-20)
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. (3×5=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. (3×15=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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