Business Ethics Exam Practice
MCQ's 2026 Questions and Answers
Updated 2026
AccordingBtoBCraneBandBMattenB(2010)BBusinessBethicsBisBtheBstudyBofBbusinessBsitu
ations,BactivitiesBandBdecisionsBwhere...B
a.B...BentrepreneurialBopportunitiesBareBevaluatedB
b.B...BmaximisingBprofitBisBreconciledBwithBsociety'sBexpectations
c.B...BissuesBofBrightBandBwrongBareBaddressed
d.B...BexamplesBofBcorporateBmisbehaviourBareBhighlightedB
e.B...BquestionsBareBraisedBaboutBcorporateBmotivationsB-
BAnswerBc.B...BissuesBofBrightBandBwrongBareBaddressed
WhichBofBtheBfollowingBisBnotBaBMillenniumBDevelopmentBGoal?
a.BReduceBchildBmortalityB
b.BAchieveBuniversalBprimaryBeducationB
c.BEradicateBextremeBpovertyBandBhunger
d.BReduceBdomesticBviolenceB
e.BImproveBmaternalBhealthB-BAnswerBd.BReduceBdomesticBviolence
WhichBofBtheBfollowingBstatementsBisBincorrect?B
a.BInBEurope,BcorporateBcodesBofBethicsBareBtheBkeyBguidelinesBforBethicalBbehaviour.
B
b.BInBAsia,BtopBmanagementBisBresponsibleBforBethicalBconductBinBbusiness.B
c.BInBNorthBAmerica,BtheBdominantBapproachBtoBstakeholderBmanagementBisBaBfocus
BonBshareholderBvalue.B
d.BInBAsia,BmanagerialBdiscretionBisBtheBkeyBguidelineBforBethicalBbehaviour.B
, e.BInBNorthBAmerica,BtheBindividualBisBresponsibleBforBethicalBconductBinBbusiness.B-
BAnswerBa.BInBEurope,BcorporateBcodesBofBethicsBareBtheBkeyBguidelinesBforBethicalB
behaviour.
MiltonBFriedmanB(1971)BfamouslyBdevelopedBtheBBusinessBSeparationBThesis.BWhichB
ofBtheBfollowingBstatementsBisBnotBpartBofBthisBview?
a.BOnlyBhumanBhaveBmoralBresponsibility.B
b.BBusiness'sBfirstBresponsibilityBisBtoBmakeBprofitB
c.BSocialBcostsBandBbenefitsBmustBbeBaccountedBforBatBconsumerBpricesB
d.BSocialBissuesBandBproblemsBareBtheBresponsibilityBofBtheBgovernmentB
e.BIt'sBtheBmanager'sBresponsibilityBtoBactBsolelyBinBtheBinterestBofBshareholders.B-
BAnswerBc.BSocialBcostsBandBbenefitsBmustBbeBaccountedBforBatBconsumerBprices
AccordingBtoBCarrol'sB(1975,B1979)BmodelBofBCSR,BwhichBofBtheBfollowingBbusinessBr
esponsibilitiesBdoesBsocietyBdesireBfromBbusinesses,BratherBthanBrequireBorBexpect?
a.BLegalBresponsibilitiesB
b.BEnvironmentalBresponsibilitiesB
c.BPhilanthropicBresponsibilitiesB
d.BEconomicBresponsibilitiesB
e.BEthicalBresponsibilities.B-BAnswerBc.BPhilanthropicBresponsibilities
WhichBisBnotBanBessentialBfeatureBofBaBcorporation?B
a.BEvidenceBtoBsuggestBthatBlegalBdesignationBofBaBcorporationBmakesBitBunableBtoBb
eBanythingBbutBaltruistic
b.BABcorporationBisBessentiallyBdefinedBinBtermsBofBlegalBstatusBandBtheBownershipBo
fBassetsBc.BCorporationsBareBtypicallyBregardedBasB'artificialBpersons'BinBtheBeyesBofBt
heBlawB
MCQ's 2026 Questions and Answers
Updated 2026
AccordingBtoBCraneBandBMattenB(2010)BBusinessBethicsBisBtheBstudyBofBbusinessBsitu
ations,BactivitiesBandBdecisionsBwhere...B
a.B...BentrepreneurialBopportunitiesBareBevaluatedB
b.B...BmaximisingBprofitBisBreconciledBwithBsociety'sBexpectations
c.B...BissuesBofBrightBandBwrongBareBaddressed
d.B...BexamplesBofBcorporateBmisbehaviourBareBhighlightedB
e.B...BquestionsBareBraisedBaboutBcorporateBmotivationsB-
BAnswerBc.B...BissuesBofBrightBandBwrongBareBaddressed
WhichBofBtheBfollowingBisBnotBaBMillenniumBDevelopmentBGoal?
a.BReduceBchildBmortalityB
b.BAchieveBuniversalBprimaryBeducationB
c.BEradicateBextremeBpovertyBandBhunger
d.BReduceBdomesticBviolenceB
e.BImproveBmaternalBhealthB-BAnswerBd.BReduceBdomesticBviolence
WhichBofBtheBfollowingBstatementsBisBincorrect?B
a.BInBEurope,BcorporateBcodesBofBethicsBareBtheBkeyBguidelinesBforBethicalBbehaviour.
B
b.BInBAsia,BtopBmanagementBisBresponsibleBforBethicalBconductBinBbusiness.B
c.BInBNorthBAmerica,BtheBdominantBapproachBtoBstakeholderBmanagementBisBaBfocus
BonBshareholderBvalue.B
d.BInBAsia,BmanagerialBdiscretionBisBtheBkeyBguidelineBforBethicalBbehaviour.B
, e.BInBNorthBAmerica,BtheBindividualBisBresponsibleBforBethicalBconductBinBbusiness.B-
BAnswerBa.BInBEurope,BcorporateBcodesBofBethicsBareBtheBkeyBguidelinesBforBethicalB
behaviour.
MiltonBFriedmanB(1971)BfamouslyBdevelopedBtheBBusinessBSeparationBThesis.BWhichB
ofBtheBfollowingBstatementsBisBnotBpartBofBthisBview?
a.BOnlyBhumanBhaveBmoralBresponsibility.B
b.BBusiness'sBfirstBresponsibilityBisBtoBmakeBprofitB
c.BSocialBcostsBandBbenefitsBmustBbeBaccountedBforBatBconsumerBpricesB
d.BSocialBissuesBandBproblemsBareBtheBresponsibilityBofBtheBgovernmentB
e.BIt'sBtheBmanager'sBresponsibilityBtoBactBsolelyBinBtheBinterestBofBshareholders.B-
BAnswerBc.BSocialBcostsBandBbenefitsBmustBbeBaccountedBforBatBconsumerBprices
AccordingBtoBCarrol'sB(1975,B1979)BmodelBofBCSR,BwhichBofBtheBfollowingBbusinessBr
esponsibilitiesBdoesBsocietyBdesireBfromBbusinesses,BratherBthanBrequireBorBexpect?
a.BLegalBresponsibilitiesB
b.BEnvironmentalBresponsibilitiesB
c.BPhilanthropicBresponsibilitiesB
d.BEconomicBresponsibilitiesB
e.BEthicalBresponsibilities.B-BAnswerBc.BPhilanthropicBresponsibilities
WhichBisBnotBanBessentialBfeatureBofBaBcorporation?B
a.BEvidenceBtoBsuggestBthatBlegalBdesignationBofBaBcorporationBmakesBitBunableBtoBb
eBanythingBbutBaltruistic
b.BABcorporationBisBessentiallyBdefinedBinBtermsBofBlegalBstatusBandBtheBownershipBo
fBassetsBc.BCorporationsBareBtypicallyBregardedBasB'artificialBpersons'BinBtheBeyesBofBt
heBlawB
