SME SOCIAL RESPONSIBILITY SDGs

What does the term SME represent?

• Small and Medium Establishments

• Small and Medium Enterprises

• Small and Micro Enterprises

• Small and Major Enterprises

Under RA 9178, what advantage is granted to registered Barangay Micro Business Enterprises (BMBEs)?

• Exemption from income tax on business operations

• Free use of land and buildings

• Automatic financial aid from the government

• Permission not to pay employees

Which government agency leads the development of Micro, Small, and Medium Enterprises (MSMEs) under RA 9501?

• Securities and Exchange Commission (SEC)

• Department of Trade and Industry (DTI)

• Department of Labor and Employment (DOLE)

• Bureau of Internal Revenue (BIR)

Why is the Magna Carta for MSMEs (RA 9501) significant for entrepreneurs?

• It discourages them from starting new ventures

• It offers better access to financing, training, and technology

• It restricts the total number of MSMEs in each city

• It benefits only foreign business owners

How would an entrepreneur show transparency in managing a company?

• Hide the firm’s financial documents from investors

• Report only good results to the public

• Announce all employee salaries publicly

• Share accurate and truthful details about operations

Which ethical principle means being responsible and answerable for business actions and decisions?

• Accountability

• Transparency

• Fairness

• Profitability

Which situation shows fairness in a workplace?

• Giving special treatment to relatives of the owner

• Paying employees equally for the same type of work

• Hiding important safety information about a product

• Using confidential information for personal gain

A company shows only positive financial results and hides its losses. What ethical value is being violated?

• Accountability
• Transparency

• Fairness

• Profitability

Why is creating and maintaining business enterprises vital for the community?

• It destroys business competition

• It generates employment and helps people achieve financial independence

• It allows business owners to escape taxes

• It removes the need for social involvement

Which concept refers to an entrepreneur’s ethical duty to respect human rights and protect the environment?

• Social Responsibility

• Profit Maximization

• Price Regulation

• Competition Control