No verified paper has been uploaded for AJKPSC-PMS Ethics (for Non-Muslims) Set-1 yet.
The MCQs below are drawn from the Ethics (for Non-Muslims) subject category.
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751
Which of the following options correctly identifies Principle 2 of the Insurance Marketplace Standards Association (IMSA) principles?
Principle 2 of the IMSA framework focuses on the quality of interaction between the insurer and the consumer. It mandates that companies must provide competent, professional, and customer-focused sales and service to ensure that policyholders are treated fairly and receive products that genuinely meet their needs throughout the duration of the insurance contract.
752
Which components are recognized as the primary elements of business ethics?
Business ethics is built upon a foundation of moral principles. Values represent the core beliefs of an organization, while rights and duties define the obligations and protections afforded to stakeholders, including employees, customers, and shareholders. These elements guide decision-making processes and ensure that business operations remain consistent with societal expectations and legal requirements, fostering trust and long-term sustainability.
753
Which of the following elements are considered primary sources of ethical standards: 1. Religion, 2. Legal system, 3. Economic system, 4. Culture, 5. Family system?
Ethical frameworks are primarily shaped by deeply ingrained social and personal values. Religion, culture, and the family system are fundamental pillars that instill moral values in individuals from an early age. While legal and economic systems provide regulatory frameworks, they are often considered secondary or institutional manifestations of ethics rather than the primary sources of individual moral development.
754
From which Greek word is the term 'ethics' derived?
The word 'ethics' originates from the Greek term 'ethikos,' which is rooted in 'ethos,' meaning custom, habit, or character. In philosophical study, ethics examines the principles of right and wrong conduct. It involves the systematic analysis of human behavior to determine what is considered good or virtuous, providing a foundation for moral philosophy and professional standards of conduct in various fields.
755
The ethical principle 'Hurt not others with that which pains yourself' is attributed to the teachings of which religion?
This specific phrasing is widely recognized as a core ethical tenet within Buddhism, often referred to as the 'Golden Rule' of the faith. It emphasizes the importance of empathy and non-violence in human interactions, suggesting that one should treat others with the same consideration they would desire for themselves to avoid causing suffering.
756
Which term describes the fundamental moral beliefs held by an individual?
Values represent the core moral beliefs and principles that guide an individual's behavior and decision-making processes. These values are often shaped by cultural, social, and personal experiences. While personal in nature, they frequently align with broader societal norms, creating a framework for what a community considers to be right or wrong, ethical or unethical, in various professional and personal contexts.
757
Which human resource management approach is grounded in the ethical philosophy of achieving the greatest good for the greatest number of people?
The utilitarian approach is defined by the principle of maximizing overall happiness or utility for the greatest number of people. While the source identifies 'approach based on rights' as the answer, this is often debated in business ethics literature. The utilitarian framework specifically focuses on outcomes and aggregate welfare, whereas rights-based approaches focus on individual entitlements. This discrepancy suggests a potential conflict in the source material's classification.
758
Which of the following practices are considered major areas of unethical behavior in the insurance industry?
Unethical behavior in insurance undermines consumer trust. Misrepresentation involves providing false information to secure a sale. Providing biased illustrations without showing conservative scenarios misleads clients about potential returns. 'Churning' or replacing policies without a genuine need is harmful to the client, as it often incurs unnecessary fees and resets surrender charge periods. All these practices violate professional standards and regulatory requirements designed to protect the policyholder.
759
Which of the following represent the primary responsibilities of a business toward its customers?
Businesses have ethical and legal obligations to their customers. Key responsibilities include understanding and satisfying customer needs, ensuring products are safe and free from adverse effects, and providing mechanisms for grievance redressal. While family welfare and general health are important societal goals, they are not typically classified as direct operational responsibilities of a business entity toward its customer base.
760
Which business model prioritizes the interests and rights of customers above other considerations?
The Vendor Model is characterized by a primary focus on customer needs, rights, and interests. In this framework, the organization aligns its products, services, and management systems to deliver value directly to the consumer. By prioritizing customer satisfaction and protection, businesses operating under this model aim to build long-term loyalty and trust, which are essential for sustainable success in competitive markets.
