NEW
Font size
WorksheetsBusiness Ethics - WW2 / Quiz 1
Total questions: 15
Worksheet time: 11mins
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
All definitions of Corporate social Responsibility recognize that
companies have responsibility for their impact on society and environment
the natural environment should be the main focus of CSR activities
business ethics is a complex issue
companies must pay equal attention to business ethics and sustainability
This refers to the effort of the business organization to balance between maintaining the needs of the present and the ability of future generations to meet their needs through the preservations to meet their needs through preservation of the environment.
Sustainable development
Legal responsibilities
Philanthropic social responsibility
Discretionary responsibilities
This view argued that a company should be operated on a profit-orientation basis where its mission is to increase its profit as long as it stays within the rules of ethics.
Economic responsibilities
Legal responsibilities
Ethical responsibilities
Discretionary responsibilities
This means to ensure the receipt of a favorable price based on a scope of work and adhering to a code of conduct to avoid violating public laws
Corporate Social Responsibility
Legal Responsibility
Sound Business Practices
Discretionary responsibilities
What is the main characteristic of the stakeholder approach?
The idea that many different groups have a legitimate interest in the corporations
It is a critical perspective on corporations and business.
A focus on social and environmental responsibilities of a corporation.
The assumption that shareholders are not the main stakeholders in the corporation.
