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AKS 4 - Ethics and Business Elements

Total questions: 25

Worksheet time: 18mins

Name
Class
Date
1.

Which of the following is NOT a part of Corporate Social Responsibility (CSR)?

a)

Ethics

b)

Human Rights

c)

Environmental Protection

d)

Customer Opinions

2.

Which is NOT a reason that companies should participate in CSR?

a)

It helps maintain low production costs.

b)

It builds trust among investors.

c)

It enhances brand image.

d)

It helps brand become a preferred customer choice.

3.

Which of the following is the easiest way to define ethics?

a)

Knowing what is wrong.

b)

Making the most profit.

c)

Being a good competitor.

d)

Doing the right thing.

4.

Which group should abide by a business' ethics?

a)

customers

b)

employees

c)

investors

d)

all of the above

5.

Ethics should be a part of every business. True or False?

a)

True

b)

False

6.

Which of the following statements BEST describes ethics?

a)

The laws governing what we do.

b)

The societal norms people follow.

c)

The basic standards people are willing to accept.

d)

The feelings of what is right and wrong.

7.

Which of the following scenarios would be considered unethical?

a)

A company employee decides to complete a task another employee is responsible for.

b)

An associate asks the HR director to give her time off to go to a doctor's appointment.

c)

A manager takes some extra supplies leftover from a project to use with her daughter's Girl Scout troop.

d)

The director of a team doesn't want the group to know they could take an extension on their project deadline, so he doesn't tell them.

8.

Which area of Corporate Social Responsibility is the scenario below describing?

The "Adopt-a-Road" program allows businesses to do clean ups that impact their local community's water supply.

a)

Environmental Responsibility

b)

Philanthropy

c)

Ethical Labor Practices

d)

Volunteering

9.

Which area of Corporate Social Responsibility is the scenario below describing?

A company donates money to the local Boys & Girls Club to renovate their facilities.

a)

Environmental Responsibility

b)

Philanthropy

c)

Ethical Labor Practices

d)

Volunteering

10.

Which area of Corporate Social Responsibility is the scenario below describing?

A local business allows employees to take extra paid time off (PTO) when they donate their time helping local schools or charitable organizations.

a)

Environmental Responsibility

b)

Philanthropy

c)

Ethical Labor Practices

d)

Volunteering

11.

Which area of Corporate Social Responsibility is the scenario below describing?

A benefit for working at one local private school is that they offer free childcare on-site for employee's children who are not of school age.

a)

Environmental Responsibility

b)

Philanthropy

c)

Ethical Labor Practices

d)

Volunteering

12.

Read the scenario below and decide which business activity the business is completing.

When a business collects cash payments from their customers.

a)

Operations

b)

Investment

c)

Financing

13.

Read the scenario below and decide which business activity the business is completing.

After the first year in a pandemic, a local restaurant visits the bank to get a small loan so they can stay in business.

a)

Operations

b)

Investment

c)

Financing

14.

Read the scenario below and decide which business activity the business is completing.

Café Bruges is a locally owned, independent coffee shop that has three locations, and the owner decides to use some of the profits that the company has generated over the past 20 years to purchase a property for a fourth location.

a)

Operations

b)

Investment

c)

Financing

15.

Read the business scenario below and decide which type of business ownership is being described.

A.J. is a local photographer who charges upward of $5,000 to photograph weddings, and wants to ensure that her personal assets cannot be lost due to a lawsuit involving her business. She meets with an attorney, and creates a business structure in which the business is a completely separate entity from herself. in this new business structure, the company pays taxes on the revenue it generates, and then A.J. pays personal income taxes on the salary that the company pays her.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

16.

Read the business scenario below and decide which type of business ownership is being described.

Brayan has worked in the fast food business since high school, and worked his way through college as a manager, but he has decided to go into business for himself. He buys a used food truck from a local auction and begins to perfect his hot pressed Cuban and Media Noche sandwiches to sell at local events from the food truck, which he calls "Havana 2U." He doesn't have any employees, so he preps the ingredients and presses the sandwiches himself. He reports the profits on his personal income tax return.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

17.

Read the business scenario below and decide which type of business ownership is being described.

Jimena and Sherlyn share a love of baking, and they decide to start a business selling fancy (and delicious) pastries, cakes, and cookies through a website that Sherlyn sets up. They share the duties and the expenses as they grow their business. They also share the profits based on the brief agreement that they wrote, and they each pay personal income tax on the profits that they make.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

18.

Read the business scenario below and decide which type of business ownership is being described.

This form of business ownership is the most complicated to set up, is very difficult to dissolve, and offers the lowest amount of liability to its owners.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

19.

Read the scenario below and decide which management function is being described.

A manager sets sales goals for a team of sales associates.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

20.

Read the scenario below and decide which management function is being described.

When a manager praises an employee for a job well done.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

21.

Read the scenario below and decide which management function is being described.

A manager of a call center for a house cleaning service monitors each employee's hold times, call volumes, and percentages of customers who purchase services during phone calls, and meets with employees to discuss ways to improve performance.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

22.

Read the scenario below and decide which management function is being described.

As manager of Colorsplash Nail Salon, Yuri is responsible for scheduling nail techs, assistants, and a receptionist, to make sure that there is enough staff to handle all of the appointments and walk-ins, and that all other responsibilities are taken care of.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

23.

Which of the groups below is NOT a stakeholder in a business?

a)

Employees

b)

Suppliers

c)

Competitors

d)

Government

24.

Which of the following stakeholders has the greatest concern about the profits that a company is making?

a)

Suppliers

b)

Investors

c)

Employees

d)

Government

25.

Which stakeholder in a business is concerned with planning, organizing, and controlling?

a)

Communities

b)

Customers

c)

Employees

d)

Managers