IIBM Institute of Business Management
Examination Paper
MM.100
Business Ethics
Section A: Objective Type (30 marks)
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This section consists of Multiple Choice questions & Short Answer type questions.
Answer all the questions.
Part one questions carry 1 mark each & Part Two questions carry 5 marks each.
Part One:
Multiple Choices:
1. Term used to denote the existence of information of an electronic network of linked computer system a. Information technology
b. Nanotechnology
c. Cyberspace
d. None of the above
2. Egalitarianism is
a. Equal distribution of all benefits & burdens on peoples
b. Equal distribution of all benefits on people
c. Equal distribution of all burdens on people
d. None of the above
3. Justice of blaming or punishing persons for doing wrong is
a. Libertarianism
b. Compensatory justice
c. Retributive justice
d. Socialism
4. Markets in which each individual is able to voluntarily exchange goods with others
a. Restricted Markets
b. Free Markets
c. Open Markets
d. None of the above
5. The Marxist view of history as determined by changes in the economic methods by which humanity produces the materials on which it much live
a. Alienation
b. Immiseration
c. Social Darwinism
d. Historical materialism
IIBM Institute of Business Management
1
Examination Paper of Business Ethics
6. Market in which a single firm is the only seller in the market and which new sellers are barred from entering is
a. Pure monopoly
b. Oligopoly
c. Bipoly
d. None of the above
7. Oligopoly markets that are dominated by a few large firms
a. Highly concentrated market
b. Concentrated market
c. Imperfectly competitive market
d. None of the above
8. Ozone depletion is caused by release of
a. Sulfurdioxide
b. Chlorofluorocarbons
c. Carbondioxide
d. None of the above
9. The private internal costs and the wider external costs of engaging in a particular economic activity a.