Business Ethics - WW2 / Quiz 1

The recent rash of business scandals and increased concerns about the environment have created fresh interest in the issues of ________ and ________.

• ethics; promotion responsibility

• ethics; social responsibility

• finances; employee discrimination

• management ethics; insider trading

Which of the following statements is true about Ethics?

• It is the study of the wants and needs in business.

• It is the study of what is right and wrong in human behavior and conduct in business.

• It is the study of the relationship between people in a business.

• None of the above.

A written set of rules that guide the employee in an organization on how to conduct himself in accordance with the company’s ethical standards and values.

• Mission Statement

• Goals and Objectives

• Executive Summary

• Code of Ethics

What do you think is the benefit of practicing good business ethics?

• Low morale of employees

• Lack of trust

• High employee retention rate

• Decrease in product sales

Kumpuruhos Company an ice-cream manufacturing company, encourages all stakeholders, including the top management and employees at all levels in their stores, to consider individual and community welfare in their day-to-day decisions. This action undertaken by Kumpuruhos Company reflects ________.

• environmentalism

• social responsibility

• the selling concept

• partner relationship management

What is an obligation to repay a person from whom one has received a favor?

• Filial piety

• Family orientation

• Utang na loob

• Padrino system

What Filipino values are shown when a person is willing to lend money to his friend just to provide comfort and please his visitors?

• Hospitality

• Loving and caring

• Utang na loob

• Pakikisama

What does “Padrino system” imply to the company’s hiring process?

• a highly qualified applicant will be employed easily.

• a highly qualified applicant will be interviewed first.

• a highly qualified applicant will be hired even without endorsement.

• a highly qualified applicant will not be hired because he/she is not endorsed.

When an employee becomes always late in the submission of the reports, what negative Filipino values does he/she have?

• Amor propio

• Maňana habit

• Bahala na mentality

• Padrino system

Which of the following Filipino values get along with different kinds of people? They can easily adjust to any situation and flexible?

• Generosity and helpful

• Pakikisama

• God Fearing

• Ningas-kugon