________ is concerned with good and bad aspects of human behaviour.
Values
While Ethics is the academic field dedicated to this study, values are the fundamental beliefs that inform what is considered good or bad behaviour by individuals and within societies. Therefore, values are deeply concerned with defining and understanding these aspects of human action.
The following statements relate to value based organisations. Choose the correct code for the statements being correct or incorrect.
Statement I: People differ in their choice of values, the enforcement of one group's value on an individual is an ethical issue. Still there is a good deal of commonality in the values that businesses hold.
Statement II : Ethical codes are statements of the norms and beliefs of an organisation which are proposed, discussed and defined by the management of the firm which is then published and distributed.
Which of the following statements are applicable to value-based pricing concept?
A. Design product to deliver desired value at target price
B. Set target price to match customer perceived value.
C. Determine costs that can be incurred.
D. Convince buyers of product's value.
E. Assess customer needs and value perceptions.
Choose the most appropriate answer from the options given below:
Match List I with List II
| List I : Leadership style | List II : Leadership behaviour | ||
| A. | Developer | I. | Delegation of responsibility with firm accountability |
| B. | Benevolent Autocratic | II. | Respecting collective commitment and team efforts |
| C. | Bureaucratic | III. | Expressing professional concern for subordinates |
| D. | Executive | IV. | Adherence to rules and procedures |
Choose the correct answer from the options given below:
| List I (Leadership Theory) | List II (Base) |
| (a) The Great Man Theory | (i) Leadership qualities can be acquired. |
| (b) The Trait Theory | (ii) Different personality traits to deal with diverse situations. |
| (c) The Situational Theory | (iii) Leaders are born, not made. |
| (d) The Contingency Theory | (iv) Leader-match theory. |