1.
‘Values’ is derived from
→ The Latin word "valere", which means to be strong, to be worth, or to be of worth.
2. An individual’s value system influences an individual’s
→ Behavior, decision-making, attitude, and perception.
3. Human values do not include
→ Selfishness (or any anti-social trait like greed, hatred, etc., which go against core human values
like compassion, honesty, and respect)
1. Aesthetic values concentrate mainly on
→ Perception and appreciation of beauty.
2. Perception and enjoyment of beauty comes under:
→ Aesthetic values.
3. Vasudhaiva Kutumbakam
→ Means "The world is one family" (Ancient Indian ethos promoting global unity and responsibility).
4. Indian ethos does not teach us which of the following aspect to carry our responsibility for
humanity?
→ Moral Relativism (Indian ethos emphasizes moral objectivism and universal values).
5. Moral Relativism holds
→ That morality is relative to cultural or individual preferences.
6. Consequentialism is a type of moral ethical theory that weighs
→ Outcomes or consequences of actions.
7. Which school of thought reflects making decisions for the good of most people?
→ Utilitarianism.
8. Holistic approach includes
→ Physical, emotional, intellectual, ethical, and spiritual dimensions.
9. Which of the following does not lead to mutual respect?
→ Discrimination or Prejudice (any value/behavior that violates equality).
10. Which of the following is NOT a social value that is generated by a firm?
→ Maximizing short-term profits (social values are more about community benefit, equality, etc.).
11. Karma Management principles include
→ Accountability, ethical intent, and selfless service.
12. Ethics attempt to distinguish between
→ Right and wrong, good and bad conduct.
13. Which of the following is an instrumental value
→ Honesty (as a means to achieve terminal values like trust or peace).
14. Value crisis can occur at
→ Individual, societal, and global levels.
15. Which of the following ethical theories aims at realizing the best consequences, and is future
oriented and endeavors to achieve the best possible outcomes?
→ Utilitarianism or Consequentialism.
16. Which is not a challenge in business decision making?
→ Strict adherence to laws (usually this aids ethical decisions).
17. Which of the following actions can be termed as breach of Professional Ethics?
→ All of the above (a–d).
18. Which among the following is true about ethics of research and experimentation
→ All 1, 2, 3, and 4 are correct.
19. Which of the following is the most appropriate definition of "practice" vis a vis professional
ethics?
→ Ongoing, responsible application of professional knowledge and skills.
20. Value based leadership does not emphasize on
→ Personal gain or profit maximization.
21. The levels of ethical reasoning include identifying of
→ Moral issues, values, stakeholders, and consequences.
1. Renewable sources of energy are:
a) Coal and Petroleum
b) Nuclear and Natural Gas
c) Solar, Wind, and Hydropower
d) Diesel and Kerosene
2. Whistle blowing is:
a) Following company policies
b) Reporting unethical or illegal practices within an organization
c) Promoting a company in public
d) Advertising for an organization
3. Stakeholders are considered more important to an organization when:
a) They invest a lot of money
b) The company has a monopoly
c) Their interests are integrated into decision-making
d) They are silent and passive
4. Reports of Club of Rome related to:
a) International trade agreements
b) Military conflicts and defense strategies
c) Global sustainability and resource limits
d) Space exploration missions
5. Which of the following ethical values help individuals to strengthen and advance ethical
standards?
a) Dishonesty and selfishness
b) Integrity, fairness, and responsibility
c) Popularity and influence
d) Competitiveness and ambition