Industry Ethics And Legal Issues MCQ's with Answers
set VI
Q1. Maximum assistance in SIDBI Revolving Fund for Technology Innovation is?
a) 10 crores per project
b) 1 crore per project
c) 20 crores per project
d) 5 crores per project
Answer is b) 1 crore per project
Q2. Full form of the CSR?
a) Corporate social responsibility
b) Corporate sequence responsibility
c) Collection of responsibility
d) None of these
Answer is a) Corporate social responsibility
Q3. What are the types of intellectual properties?
a) Patent
b) Trademark
c) All of the above
d) None of these
Answer is c) All of the above
Q4. Which of the following is a profession where advance training and experience is not required?
a) Doctors
b) Accountants
c) Film stars
d) Lawyers
Answer is c) Film stars
Q5. A philanthropist is someone who
a) Buys products which have a positive impact on society
b) Boycotts products which have a negative impact on society
c) Both (a) and (b)
d) recognizes the social impact of business on society
Answer is d) recognizes the social impact of business on society
Q6. Trade secret refers to?
a) Secret information unknown to public
b) Information which is known to everyone
c) Information which is easily available
d) None of these
Answer is a) Secret information unknown to public
Q7. What is the first stage in decision making?
a) Observe
b) Act
c) Orient
d) Decide
Answer is a) Observe
Q8. Sans is an ethically centred production manager so he will ship a product
a) Only after all its problems have been eliminated
b) Only if the shipping people use packing material that does not harm the environment
c) Only after an ethics committee has approved It
d) As quickly as she can to meet the customer's schedule
Answer is a) Only after all its problems have been eliminated
Q9. What is the second stage in decision making?
a) observe
b) act
c) orient
d) decide
Answer is c) orient
Q10. Intellectual properties are:
a) Tangible properties
b) Intangible properties
c) Both
d) None of these
Answer is b) Intangible properties
Q11. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:
a) 35 per cent
b) 51 per cent
c) 25 per cent
d) None of the above
Answer is c) 25 per cent
Q12. implies that women entrepreneurs are now economically independent and take decisions independently.
a) Better utilization of resources
b) Improved quality life
c) Economic development
d) Employment generation
Answer is b) Improved quality life
Q13. All of the answers below are advantages to buying your own software EXCEPT
a) Having instruction manuals or documentation.
b) Getting expert help from the software company.
c) Giving free copies to your friends.
d) Having the personal satisfaction of doing what Is ethical and legal
Ans is c) Giving free copies to your friends.
Q14. A problem statement must be:
a) Clear and concise description of the issue
b) Infeasible to everyone
c) Lengthy
d) All of the above
Ans is a) Clear and concise description of the issue
Q15. What are the common ethical issues for IT users?
a) Software piracy
b) Proper utilization of computing resources
c) No sharing of information
d) All of the above
Ans is a) Software piracy
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