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WorksheetsBusiness Ethics and Social Responsibility
Total questions: 10
Worksheet time: 5mins
Which is not a form of business ownership?
Sole proprietorship
Partnership
Corporation
Retail
What is the simplest form of business organization?
Sole proprietorship
Partnership
Corporation
None of the above
How a corporation differs from a sole proprietorship?
Corporations are owned by only one person.
Corporations can sell stocks to large and small investors to raise money for the business.
Sole proprietorships have limited liability for the owners.
Sole proprietorships require a legal charter to start the business.
It is an activity of exchanging goods , for gaining profit.
Business
Organization
It is a group of people who work together to achieve common goal.
Business
Organization
Fairness involves balancing the interests involved in all decision-
making including decisions related to employees’ hiring, firing, compensation, and reward system.
True
False
Transparency allows stakeholders to understand whether the
activities of social institutions such as internet organizations and NGOs provide a genuine service to civil society and whether money is used appropriately.
True
False
Transparency means to be liable to explain or justify one’s action and decision.
True
False
Accountability is the quality of making judgment that is free from discrimination.
True
False
You insert the exact amount into the vending machine at school for a can of soda. Two cans are released from the machine. What will you do with the extra can of soda?
Offer the can of juice to your classmate.
Keep the extra can of soda for you.
Report an incident to appropriate school personnel.
