Match the items of List (I) with those of List (II); and choose the correct combination : Code :List - I List - II (a) Ethics are the principles of conduct governing an individual or profession. (i) John Donaldson (b) Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. (ii) Keith Davis (c) Ethics are a set of rules that defines right and wrong conduct. (iii) Shea (d) Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions, or practices and beliefs. (iv) R. Wayne Mondy
(a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)
(a)-(iii), (b)-(iv), (c)-(ii), (d)-(i) — option 2.
| Definition | Author | What is distinctive about it |
|---|---|---|
| (a) Ethics are the principles of conduct governing an individual or a profession | (iii) Shea | The key word is profession. This definition extends ethics beyond the individual to professional codes — medicine, law, accountancy — and is the narrowest and most practical of the four |
| (b) Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation | (iv) R. Wayne Mondy | Calls ethics a discipline — a field of study — and is the broadest, philosophical definition. Mondy is an author on human resource management |
| (c) Ethics are a set of rules that defines right and wrong conduct | (ii) Keith Davis | The shortest and most operational. Davis is best known for his work on business and society and on the social responsibility of business |
| (d) Business ethics is the systematic study of moral matters pertaining to business, industry or related activities | (i) John Donaldson | The only definition of business ethics specifically, rather than of ethics generally. Donaldson wrote extensively on business ethics as a field |
How to reason it out if the attributions are not remembered exactly. Definition (d) is the only one that mentions business, so it belongs to the writer identified with business ethics as a subject — Donaldson. That single placement eliminates options 1 and 4 at once, since neither ends with (i). Between options 2 and 3, the question is whether (a) belongs to Shea or Mondy: (a) speaks of principles of conduct, the shorter and more applied formulation, while (b) calls ethics a discipline, the academic formulation that belongs to the textbook author. That gives option 2.
What the four definitions have in common, and it is the substance behind the matching: every one of them treats ethics as a standard of right and wrong applied to conduct. They differ only in scope — individual, professional, academic or business — not in what ethics is.
Where business ethics stands apart from ethics generally : it must reconcile moral obligation with the profit motive, and it operates through institutions — codes of conduct, ethics committees, whistle-blower protection, corporate governance — rather than through individual conscience alone.
Hence, the answer is (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i).
Similar Questions
Which one of the following theory of corporate governance focuses on the principal-agent conflict, where managers may prioritize their own interests over those of shareholders, thereby necessitating monitoring, incentives, and control mechanism ?
Which of the following reflect Jensen’s “Science” of takeovers ?
A. Improve shareholder wealth
B. Reallocate resources productively
C. Impose financial discipline through debt
D. Operate as hostile disruptions
E. Function as an essential corrective force in capitalism
Choose the correct answer from the options given below :
Match List - I with List - II.
List - I
(Term)List - II
(Description)A. Folklore view I. Portrayed as destructive to employees and communities B. Scientific evidence II. Generates significant economic gains by reallocating resources C. Inefficient management III. Fails to maximize shareholder value D. Debt financing IV. Imposes financial discipline by reducing wasteful spending Choose the correct answer from the options given below :
In the paragraph, inefficient management teams are described as those who :
Jensen emphasizes that while popular belief portrays takeovers as destructive, empirical evidence shows they :
According to the paragraph, takeovers are not merely hostile disruptions but serve as :
Whistle blowing is:
John Challenger suggested that we should consider certain things in acting more ethically in downsizing. What things he sugegsted?
A. Planning
B. Pessimism about the future of the company
C. Emotions
D. Timing
E. Stakeholder perception
Choose the correct answer from the options given below:
Utilitarianism theory of ethics refers to which one of the following ?
Assertion (A) : Decisions in small matters largely tend to set a pattern for the more important ones you may make as managers.
Reasoning (R) : A multi-industry survey conducted in the USA indicated that 40% of the managers said that their superiors had at some time told them to do certain things unethical.
Code :
Important Questions from Corporate governance and business ethics
Corporations are controlled and directed by which one of the following?
As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.
A. Board of Directors
B. Managers
C. Shareholders
D. Employees (Company)
E. Trade unions
Choose the correct sequence from the options given below
Assertion (A) : Corporate governance is an important instrument of investor protection.
Reason (R) : Strong corporate governance is indispensable to resilient and vibrant capital markets.
Which one of the following options is correct?
Which among the following is not a correct statement with regard to Corporate Governance in India ?
List out from the given statements the important ethical principles that a business should follow:
a) To take the necessary action for the development of the concerned industry or business.
b) Pay taxes and discharge other obligations promptly.
c) To ensure the best utilisation of the human resources.
d) Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
e) Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
