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WorksheetsAKS 4 - Ethics and Business Elements
Total questions: 25
Worksheet time: 18mins
Which of the following is NOT a part of Corporate Social Responsibility (CSR)?
Ethics
Human Rights
Environmental Protection
Customer Opinions
Which is NOT a reason that companies should participate in CSR?
It helps maintain low production costs.
It builds trust among investors.
It enhances brand image.
It helps brand become a preferred customer choice.
Which of the following is the easiest way to define ethics?
Knowing what is wrong.
Making the most profit.
Being a good competitor.
Doing the right thing.
Which group should abide by a business' ethics?
customers
employees
investors
all of the above
Ethics should be a part of every business. True or False?
True
False
Which of the following statements BEST describes ethics?
The laws governing what we do.
The societal norms people follow.
The basic standards people are willing to accept.
The feelings of what is right and wrong.
Which of the following scenarios would be considered unethical?
A company employee decides to complete a task another employee is responsible for.
An associate asks the HR director to give her time off to go to a doctor's appointment.
A manager takes some extra supplies leftover from a project to use with her daughter's Girl Scout troop.
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.
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.
Environmental Responsibility
Philanthropy
Ethical Labor Practices
Volunteering
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.
Environmental Responsibility
Philanthropy
Ethical Labor Practices
Volunteering
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.
Environmental Responsibility
Philanthropy
Ethical Labor Practices
Volunteering
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.
Environmental Responsibility
Philanthropy
Ethical Labor Practices
Volunteering
Read the scenario below and decide which business activity the business is completing.
When a business collects cash payments from their customers.
Operations
Investment
Financing
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.
Operations
Investment
Financing
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.
Operations
Investment
Financing
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.
Sole Proprietorship
Partnership
Corporation
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.
Sole Proprietorship
Partnership
Corporation
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.
Sole Proprietorship
Partnership
Corporation
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.
Sole Proprietorship
Partnership
Corporation
Read the scenario below and decide which management function is being described.
A manager sets sales goals for a team of sales associates.
Planning
Organizing
Leading
Controlling
Read the scenario below and decide which management function is being described.
When a manager praises an employee for a job well done.
Planning
Organizing
Leading
Controlling
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.
Planning
Organizing
Leading
Controlling
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.
Planning
Organizing
Leading
Controlling
Which of the groups below is NOT a stakeholder in a business?
Employees
Suppliers
Competitors
Government
Which of the following stakeholders has the greatest concern about the profits that a company is making?
Suppliers
Investors
Employees
Government
Which stakeholder in a business is concerned with planning, organizing, and controlling?
Communities
Customers
Employees
Managers
