Values And Ethics In Management — Part 1 MCQs with Explanations
Practice high-yield Management Sciences MCQs on Values And Ethics In Management — Part 1 with worked academic solutions for CSS, PMS, FPSC, PPSC, NTS.
Questions
40
Difficulty Level
Exam-Level
Target Exams
CSS, PMS, FPSC...
Estimated Time
48 mins
Exam-Level CSS PMS FPSC PPSC NTS
Verified for Commission Syllabus • Oct 14, 2026
40
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Question 1 of 40
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Which is the element of business ethics?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the element of business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 2 of 40
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A code of ethics specifies
Correct Answer: Option D — All of these
Detailed Academic Explanation:
All of these is the correct answer to “A code of ethics specifies”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 3 of 40
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Business ethics is a dynamic philosophy of . . . . . . . . economic adjustment whose field is widening day-by-day.
Correct Answer: Option C — social
Detailed Academic Explanation:
social is the correct answer to “Business ethics is a dynamic philosophy of . . . . . . . . economic adjustment whose field is widening day-by-day.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 4 of 40
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"Ethics deal with the right actions of individuals". Who said this?
Correct Answer: Option C — Peter F. Drucker
Detailed Academic Explanation:
Peter F. Drucker is the correct answer to “"Ethics deal with the right actions of individuals". Who said this”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 5 of 40
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Business ethics is a
Correct Answer: Option A — universal philosophy
Detailed Academic Explanation:
universal philosophy is the correct answer to “Business ethics is a”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 6 of 40
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Which is fare the principle(s) of business ethics?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is fare the principle(s) of business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 7 of 40
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Business ethics deals primarily with
Correct Answer: Option C — moral obligation
Detailed Academic Explanation:
moral obligation is the correct answer to “Business ethics deals primarily with”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 8 of 40
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Good ethics is good
Correct Answer: Option C — Business
Detailed Academic Explanation:
Business is the correct answer to “Good ethics is good”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 9 of 40
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"The religions derive their moral percepts not only from human experience but froin revelations", Who said this?
Correct Answer: Option B — Thomas M. Garrett
Detailed Academic Explanation:
Thomas M. Garrett is the correct answer to “"The religions derive their moral percepts not only from human experience but froin revelations", Who said this”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 10 of 40
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The ethical issues relating to owners of business is/are
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “The ethical issues relating to owners of business is/are”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 11 of 40
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Match the following. List-I (Elements) List-II (Features) a. Corporate social responsibility 1. Less priced product b. Business ethics 2. Follow rule of system c. Strength 3. Entrepreneurship d. Marketing 4. Research
Correct Answer: Option C — a-1, b-2, c-3, d-4
Detailed Academic Explanation:
a-1, b-2, c-3, d-4 is the correct answer to “Match the following. List-I (Elements) List-II (Features) a. Corporate social responsibility 1. Less priced product b. Business ethics 2. Follow rule of system c. Strength 3. Entrepreneurship d. Marketing 4. Research”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 12 of 40
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A set of code of ethics for marketing manager are issued by
Correct Answer: Option A — AMA
Detailed Academic Explanation:
AMA is the correct answer to “A set of code of ethics for marketing manager are issued by”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 13 of 40
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Which of the following is a characteristics of
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which of the following is a characteristics of”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 14 of 40
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Which is the principle of business ethics?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the principle of business ethics”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 15 of 40
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Which of the following is not an essential feature of social environment?
Correct Answer: Option D — Bailment
Detailed Academic Explanation:
Bailment is the correct answer to “Which of the following is not an essential feature of social environment”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 16 of 40
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A document prepared to guide organisation members when encountering ethical dilemmas is a(n)
Correct Answer: Option C — code of ethics
Detailed Academic Explanation:
code of ethics is the correct answer to “A document prepared to guide organisation members when encountering ethical dilemmas is a(n)”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 17 of 40
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"Moraleis the capacity of a group of people to pull together persistently and consistently in pursuit of a common goal". Who said it?
Correct Answer: Option B — Alexander Leighton
Detailed Academic Explanation:
Alexander Leighton is the correct answer to “"Moraleis the capacity of a group of people to pull together persistently and consistently in pursuit of a common goal". Who said it”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 18 of 40
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Building a sustainable environment includes
Correct Answer: Option C — both A & B
Detailed Academic Explanation:
both A & B is the correct answer to “Building a sustainable environment includes”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 19 of 40
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The stakeholder view of social responsibility states that organizations must respond to the needs of
Correct Answer: Option C — all interested parties
Detailed Academic Explanation:
all interested parties is the correct answer to “The stakeholder view of social responsibility states that organizations must respond to the needs of”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 20 of 40
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According to concept of moral laxity, workers will often behave unethically because
Correct Answer: Option C — other issues seem more important at the time
Detailed Academic Explanation:
other issues seem more important at the time is the correct answer to “According to concept of moral laxity, workers will often behave unethically because”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 21 of 40
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Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of
Correct Answer: Option D — shareholders
Detailed Academic Explanation:
shareholders is the correct answer to “Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 22 of 40
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"Social responsibility is the personal obligations of everyone as he acts in his own interest to assure that the right and legitimate interests of all other are not impinged". Who said it?
Correct Answer: Option C — Koontz and O' Donnell
Detailed Academic Explanation:
Koontz and O' Donnell is the correct answer to “"Social responsibility is the personal obligations of everyone as he acts in his own interest to assure that the right and legitimate interests of all other are not impinged". Who said it”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 23 of 40
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Corporate contributions for charitable and social responsibility purposes is called
Correct Answer: Option A — corporate philanthropy
Detailed Academic Explanation:
corporate philanthropy is the correct answer to “Corporate contributions for charitable and social responsibility purposes is called”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 24 of 40
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Philanthropic activity can be seen as developing since
Correct Answer: Option B — 1800
Detailed Academic Explanation:
1800 is the correct answer to “Philanthropic activity can be seen as developing since”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 25 of 40
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Teleology in ethics supports which one of the following the most?
Correct Answer: Option C — It focuses on purpose of each action and judges the consequences of an action
Detailed Academic Explanation:
It focuses on purpose of each action and judges the consequences of an action is the correct answer to “Teleology in ethics supports which one of the following the most”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 26 of 40
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Which of the following is not a norm of corporate governance?
Correct Answer: Option C — Disclosure norms of earning per share
Detailed Academic Explanation:
Disclosure norms of earning per share is the correct answer to “Which of the following is not a norm of corporate governance”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 27 of 40
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A political party always endeavors to promote national interests as distinguished from selfish
Correct Answer: Option A — interests
Detailed Academic Explanation:
interests is the correct answer to “A political party always endeavors to promote national interests as distinguished from selfish”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 28 of 40
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Ethical codes are products of
Correct Answer: Option D — all of the above
Detailed Academic Explanation:
all of the above is the correct answer to “Ethical codes are products of”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 29 of 40
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Which is the section of Corporate Social Responsibility?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is the section of Corporate Social Responsibility”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 30 of 40
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Which of the following is not a principle of CSR?
Correct Answer: Option C — Promotional activities
Detailed Academic Explanation:
Promotional activities is the correct answer to “Which of the following is not a principle of CSR”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 31 of 40
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The three basic principles of business ethics are shown by which one of the following?
Correct Answer: Option C — Utilitarianism, principle of right and principle of justice
Detailed Academic Explanation:
Utilitarianism, principle of right and principle of justice is the correct answer to “The three basic principles of business ethics are shown by which one of the following”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 32 of 40
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Match the following List-I List-II a. Organisational system 1. Advertising b. Marketing 2. Language c. Organisational culture 3. Selection d. Personal ethics 4. Moral development
Correct Answer: Option C — a-3, b-1, c-2, d-4
Detailed Academic Explanation:
a-3, b-1, c-2, d-4 is the correct answer to “Match the following List-I List-II a. Organisational system 1. Advertising b. Marketing 2. Language c. Organisational culture 3. Selection d. Personal ethics 4. Moral development”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 33 of 40
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The idea of 'Fair Trade' can be best described as
Correct Answer: Option B — companies operating fair, non exploitative, practices with their suppliers
Detailed Academic Explanation:
companies operating fair, non exploitative, practices with their suppliers is the correct answer to “The idea of 'Fair Trade' can be best described as”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 34 of 40
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The scope of social responsibility is not limited towards consumers, employer, customer, financers, suppliers of goods, but it is aimed at
Correct Answer: Option C — human welfare
Detailed Academic Explanation:
human welfare is the correct answer to “The scope of social responsibility is not limited towards consumers, employer, customer, financers, suppliers of goods, but it is aimed at”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 35 of 40
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Which administrative measures can prove conducive to the process of morale building?
Correct Answer: Option D — All of these
Detailed Academic Explanation:
All of these is the correct answer to “Which administrative measures can prove conducive to the process of morale building”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 36 of 40
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Which is an example of ethical code?
Correct Answer: Option D — All of the above
Detailed Academic Explanation:
All of the above is the correct answer to “Which is an example of ethical code”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 37 of 40
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Match the following. List-I (Ethical Issues) List-II (Features) a. Local community 1. Protecting environment b. Competitive Institution 2. Product differentiation c. Government 3. Excise duties d. Creditors 4. Loan facilities
Correct Answer: Option C — a-1, b-2, c-3, d-4
Detailed Academic Explanation:
a-1, b-2, c-3, d-4 is the correct answer to “Match the following. List-I (Ethical Issues) List-II (Features) a. Local community 1. Protecting environment b. Competitive Institution 2. Product differentiation c. Government 3. Excise duties d. Creditors 4. Loan facilities”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 38 of 40
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Match the following. List-I (Items of Reasoning) List-II (Features) a. Employee counselling 1. Advice b. Suggestion schemes 2. Performance based incentives c. Recognition 3. Awards d. Joint consultation 4. Decision-making
Correct Answer: Option C — a-1, b-2, c-3, d-4
Detailed Academic Explanation:
a-1, b-2, c-3, d-4 is the correct answer to “Match the following. List-I (Items of Reasoning) List-II (Features) a. Employee counselling 1. Advice b. Suggestion schemes 2. Performance based incentives c. Recognition 3. Awards d. Joint consultation 4. Decision-making”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 39 of 40
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Which of the following is/are the component(s) of ethics by field of interest?
Correct Answer: Option D — All of these
Detailed Academic Explanation:
All of these is the correct answer to “Which of the following is/are the component(s) of ethics by field of interest”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
Question 40 of 40
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Statement I According to Plato, a capitalist system is unjust because of many reasons including distributive injustice. Statement II Capitalism leads to the alienation of workers.
Correct Answer: Option B — Statement II is correct, but Statement I is incorrect
Detailed Academic Explanation:
Statement II is correct, but Statement I is incorrect is the correct answer to “Statement I According to Plato, a capitalist system is unjust because of many reasons including distributive injustice. Statement II Capitalism leads to the alienation of workers.”. This question is standard in competitive examination syllabi for Values And Ethics In Management.
💡Key Conceptual Anchor:Values And Ethics In Management
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Business Communication — Part 1
Master the next curriculum module with 40 exam-standard MCQs.
In competitive commission exams (FPSC, PPSC, KPPSC, SPSC, CSS, PMS), questions are frequently phrased with distractor options designed to catch rote learners. Whenever you answer an MCQ, read the Detailed Academic Explanation and Conceptual Anchor to understand why the remaining options are incorrect.