Business Ethics_Q1_Exam_G12

What obligation towards the society was referred to as a corporation’s responsibility?

• Business Transaction

• Business Ethics

• Corporate Social Responsibility

• Corporate Social Obligation

Who said that the only social responsibility of business is to increase its profits?

• Milton Friedman

• Mitton Friedman

• Milton Freidman

• None of the choices

What is the most important responsibility of a business according to Milton Friedman?

• Care for the environment

• Employees Welfare

• Community Contribution

• Increase Profits

Which of the following is NOT a responsibility of the company to their shareholders?

• Managers have a responsibility to use carefully the money invested

• Managers have the responsibility to honestly communicate company information

• Managers have a responsibility to use their best judgment in developing, manufacturing and marketing their products

• Managers have a responsibility to provide steady dividends for those shareholders who need it for retirement

Which of the following is the term for the employment practice where workers are prevented from taking advantage of work opportunities because of their race, gender, religion or disability?

• Selective hiring

• Affirmative action

• Discrimination

• Social responsibility

What do we call with the ability that makes a judgment free from discrimination?

• Fairness

• Transparency

• Honest

• All of the choices

Which moral principle governs a person’s behavior?

• Standard

• Principle

• Attitude

• Ethics

Which of the following statements below best describes “Work Ethics”?

• Based on moral virtues of hard work

• Based on looking for shortcuts

• Based on working hard with supervision

• Based on trying to get the work on time

Which of the following is not one of Milton Friedman’s stand about Corporate Social Responsibility?

• Unwise

• Undemocratic

• Unfair

• None of the choices

Which of the following was described in socio-economic as an initiative which belongs neither to the traditional private for-profit sector nor to the public sector?

• Third World

• Third Class

• Third Sector

• All of the choices