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Examination Paper of Business Ethics
IIBM Institute of Business Management
Examination Paper

MM.100

Business Ethics
Section A: Objective Type (30 marks)




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

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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. Private cost
b. Market cost
c. Social cost
d. None of the above
10. Acid rain occurs due to
a. Sulfur oxides
b. Nitrogen oxides
c. Both (a) & (b)
d. None of the above

Part Two:
1. Write short note on “Depletion of Minerals”?
2. Explain Oligopolistic Competition?
3. Write short note on “Immiseration of workers”?
4. What is Retributive Justice?

END OF SECTION A

IIBM Institute of Business Management

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Examination Paper of Business Ethics
Section B: Caselets (40 marks)





This section consists of Caselets.
Answer all the questions.
Each caselet carries 20 marks.
Detailed information should form the part of your answer (Word limit 200 to 250 words).

Caselet 1
The stakes were high for Gene Elliot, whose on-the-job injuries were estimated to be serious enough to merit at least a $2.4 million settlement. But who should pay for his injuries: Turner Construction or B&C Steel? Or should he be forced to pay for at least part of his injuries because of his own carelessness?

Gene Elliot worked for Mabey Bridge and Shore, a small business that rented temporary steel pedestrian foot bridges to other companies. The temporary bridges had to be put together by the renter, and Gene Elliot’s job was to go to the site where the steel bridge was going to be installed, show the renter how to bolt the bridge sections together and how to install the bridge over a river or waterway, and inspect the bridge to make sure it was done properly and according to Mabey Bridge’s high standards. Elliot was a devoted hard worker who strove to do everything possible to ensure that a bridge installation was successful and according to Mabey’s standards. Turner Construction was a general contractor hired to build Invesco Field at the Mile High Stadium in Denver, Colorado. Part of the job involved installing a temporary pedestrian bridge over the Platte River near the stadium. Turner Construction subcontracted (hired) B&C Steel to build and install the bridge,...
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