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B.Com General — free MCQ practice

Choose from 86 questions across 3 subjects and 9 topics. Open any question for its answer and worked solution, or keep learning through bite-sized lessons and reviews with Quill.

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B.Com General subjects

Business Ethics (30)Economics (29)Commerce (27)

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Ethics and Social ResponsibilityBusiness EconomicsBusiness EnvironmentEconomic Systems and MarketsManagerial EconomicsBusiness OrganisationBusiness StudiesCommerceForms of Business Ownership

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Ethics is best defined as what?Read the answer and worked solution →An ethical issue arises in which situation?Read the answer and worked solution →Falsely assigning blame to a coworker counts as which ethical violation?Read the answer and worked solution →A conflict of interest arises when what happens?Read the answer and worked solution →

Worked practice questions

Ethics is best defined as what?

  1. A set of moral standards for judging right and wrong
  2. A body of law enforced by the courts of a country
  3. A written policy issued by a company to its staff
  4. A code of conduct agreed between rival businesses
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Correct answer: A. A set of moral standards for judging right and wrong

1. Ethics is a set of moral standards for judging whether something is right or wrong. 2. It sits beneath both law and company policy rather than being either of them. 3. Law is enforced by the state, and a company policy is one firm putting its own expectations in writing. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 2 "Making Ethical Decisions and Managing a Socially Responsible Business", section 2.1 Understanding Business Ethics_

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An ethical issue arises in which situation?

  1. Whenever a business decision reduces its profits
  2. Whenever two managers disagree about a forecast
  3. When someone must choose among actions that may be unethical
  4. When a regulator opens a formal inquiry into a firm
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Correct answer: C. When someone must choose among actions that may be unethical

1. An ethical issue is a situation where someone must choose between a set of actions that may be ethical or unethical. 2. The defining feature is the choice, not the outcome or the profit involved. 3. Disagreements over forecasts and regulatory inquiries may or may not involve such a choice. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 2 "Making Ethical Decisions and Managing a Socially Responsible Business", section 2.1 Understanding Business Ethics_

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Falsely assigning blame to a coworker counts as which ethical violation?

  1. Saying things that you know are not true
  2. Taking unfair advantage of another person
  3. Buying influence within the organization
  4. Permitting organizational abuse to continue
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Correct answer: A. Saying things that you know are not true

1. Falsely assigning blame or inaccurately reporting conversations is lying. 2. Lying belongs to the category of saying things you know are not true. 3. The common excuse that this is the way the game is played here does not make the statement true. 4. Unfair advantage, buying influence, and organizational abuse describe different conduct entirely. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 2 "Making Ethical Decisions and Managing a Socially Responsible Business", section 2.1 Recognizing Unethical Business Activities_

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