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Q4 Business Ethics Post Test 2

Total questions: 20

Worksheet time: 8mins

Name
Class
Date
1.

It is important to pay attention to your credits because these determine what interest rate you are offered when you decide on your next loan.

a)

True

b)

False

2.

The principle of diminishing interest will help you build financial achievements.

a)

True

b)

False

3.

Financial freedom is to have enough savings and cash on hand to sustain the kind of life we desire for ourselves and our families.

a)

True

b)

False

4.

It is the responsibility of the corporation or business to think beyond profit for the reason that it helps the community where the business is located to generate jobs for the people

a)

True

b)

False

5.

Job creation is the process of creating new jobs, especially to provide work for people in the community through the establishment of the enterprise.

a)

True

b)

False

6.

Corporate social responsibility is created as an act of protecting the profit of the company and is a genuine social responsibility toward doing something good for the world.

a)

True

b)

False

7.

A good marketing strategy applies effectively in achieving this financial freedom.

a)

True

b)

False

8.

Economic responsibility is the primary responsibility of the company that needs to consider since the company's main goal is to help the economy's development, generate employment and provide goods or services for public use and consumption.

a)

True

b)

False

9.

Corporate Social Responsibility (CSR) is purposely created by companies to contribute to sustainable development that is economically, socially, and environmentally that is beneficial to stakeholders.

a)

True

b)

False

10.

Society benefits from business organizations that do good and practice their social responsibility.

a)

True

b)

False

11.

This concept includes behavior that is not necessarily codified into law and may not serve the organization's direct economic interest.

a)

Economic responsibilities

b)

Ethical responsibilities

c)

Legal responsibilities

d)

Discretionary responsibilities

12.

Which is not a characteristic of corporate social responsibility?

a)

Product safety

b)

Environmental policies

c)

Consumer rights

d)

Price-fixing

13.

This concept emphasizes the business expectations to fulfill their economic goal within the legal framework.

a)

Economic responsibilities

b)

Ethical responsibilities

c)

Legal responsibilities

d)

Discretionary responsibilities

14.

In developing the framework of business social responsibility, one of the key considerations of every business organization is to guarantee the safety of the services or products offered. This reflects what particular social responsibility of business?

a)

Corporate Social Responsibility

b)

Duty not to cause harm

c)

Legal responsibilities

d)

Discretionary responsibilities

15.

All definitions of Corporate Social Responsibility recognize that

a)

companies have responsibility for their impact on society and environment

b)

the natural environment should be the main focus of CSR activities

c)

business ethics is a complex issue

d)

companies must pay equal attention to business ethics and sustainability

16.

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 preservation of the environment.

a)

Sustainable development

b)

Philanthropic social responsibility

c)

Legal responsibilities

d)

Discretionary responsibilities

17.

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.

a)

Economic responsibilities

b)

Legal responsibilities

c)

Ethical responsibilities

d)

Discretionary responsibilities

18.

This is considered the highest criterion of social responsibility because it goes beyond societal expectations to contribute to the community's welfare.

a)

Economic responsibilities

b)

Ethical responsibilities

c)

Legal responsibilities

d)

Discretionary responsibilities

19.

This is a business practice of the organization that accounts for the social and environmental impacts that the business operation creates.

a)

Corporate Social Responsibility

b)

Legal responsibilities

c)

Ethical responsibilities

d)

Discretionary responsibilities

20.

Implementing social responsibility on a global level is complex because

a)

consumers in most countries do not care about social responsibility.

b)

of the need to balance economic responsibility with other responsibilities.

c)

employees speak many languages and some information is hard to translate.

d)

global companies are rarely subject to local laws and regulations.