Business Ethics and Social Responsibility 4th Quarter Quiz

A form of business organization owned by one person

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

It is created by law and is owned by stockholder or shareholders.

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

Industries should give protection to the consumers’ rights to be safe, to be informed, to select, and to be heard.

• Responsibility to the General Public

• Responsibility to Customers

• Responsibility to Employees

• Responsibility to Investors

Business must be truthful in disclosing their profits and financial standing to avoid deceiving investors.

• Responsibility to the General Public

• Responsibility to Customers

• Responsibility to Employees

• Responsibility to Investors

A corporation company is VERY EASY to set up since it is created by law.

• True

• False

• Both A and B

• None of the above

It is the quality of making judgment that are free from discrimination.

• Accountability

• Fairness

• Transparency

• Responsibility

One of the minimum competencies expected of professionals which encompasses the ability to apply specialized knowledge or expertise.

• Technical Skills

• Human Skills

• Conceptual Skills

• Managerial Skills

It is the quality of being easily seen through.

• a.     Accountability

• Fairness

• Transparency

• Responsibility

In a non-government office, it is very important because the appropriate information disclosure is necessary to inform donors about how their money is used by a certain organization.

• Accountability

• Transparency

• Responsibility

• Fairness

Servant Leaders should use their powers to achieve their goals.

•   True

• False

• Both A and B

• None of the above