Business Ethics and Social Responsibility

How can belief systems influence decision-making processes in business?

• By prioritizing profit above all else
• By disregarding customer preferences
• By focusing solely on short-term goals
• By shaping perceptions of right and wrong

How does the Filipino value system influence decision-making in business?

• By promoting corruption and nepotism
• By prioritizing individual gain over collective well-being
• By emphasizing mutual respect and cooperation
• By disregarding ethical considerations for profit

What is the primary objective of distinguishing between good policies/practices and morally unacceptable ones in business?

• To increase shareholder wealth
• To exploit loopholes in regulations
• To foster a positive corporate image
• By shaping perceptions of right and wrong

Which of the following is an example of a good policy/practice in business?

• Providing fair wages and benefits to employees
• Ignoring environmental regulations to cut costs
• Engaging in deceptive advertising to boost sales
• Discriminating against certain demographics in hiring

What is a characteristic of morally unacceptable policies/practices in business?

• Complying with labor laws and regulations
• Transparency and honesty in financial reporting
• Exploiting vulnerable populations for profit
• Prioritizing employee well-being and safety

Which Filipino value is considered GOOD for fostering strong interpersonal relationships and community cohesion?

• "Hiya" (Sense of shame)
• "Bayanihan" (Community spirit)
• "Utang na loob" (Debt of gratitude)
• "Ningas cogon" (Procrastination)

What makes the value of "katipiran" (Thriftiness) morally unacceptable in certain contexts?

• It promotes wasteful spending habits
• It may lead to exploitation and unfair treatment of others
• It fosters generosity and sharing
• It encourages saving and financial responsibility

Which of the following is an example of how cultural beliefs impact business practices?

• Ignoring employee feedback and concerns
• Implementing diversity and inclusion programs
• Exploiting natural resources without regard for sustainability
• Offering flexible work arrangements to accommodate religious holidays

Why is it beneficial to encourage employees to play active roles as decision-makers in a business enterprise?

• To discourage employee engagement and job satisfaction
• To maintain a hierarchical structure with limited autonomy
• To foster innovation and creativity throughout the organization
• To centralize decision-making at the top management level

In what way can the Filipino value of "pakikisama" affect workplace dynamics?

• By promoting favoritism and cliques
• By encouraging individualism and competition
• By fostering a sense of camaraderie and teamwork
• By ignoring employee grievances and concerns