San Roque National High School

San Roque, Gapan City

FINAL EXAMINATION
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
ABM 12- A & B

CHOOSE THE LETTER OF THE BEST ANSWER

1. What is the most important responsibility of business according to Milton Friedman?

a. Care of the environment c. Contribute to the community
b. Take care of employees d. Increase profits
2. As an organizational manager, what is the best way to encourage ethical behaviour in your employees?
a. Hide difficulty decisions from employees c. Ignore unethical behaviour
b. Have very strict rules in place d. Lead by example
3. What happens if a company makes unsafe products?
a. The company can improve its profits
b. The company may have to recall the product and replace it at great expense
c. The unsafe products can improve the company’s reputation
d. Customers will accept the unsafe products because they have no choice
4. Which of the following is NOT a responsibility that businesses owe to their shareholders?
a. Managers have a responsibility to use carefully the money invested
b. Managers have a responsibility to honestly communicate company information
c. Managers have a responsibility to use their best judgement in developing, manufacturing, and marketing their
products
d. Managers have a responsibility to provide steady dividends for those shareholders who need it for retirement
5. Which of the following approaches to ethical decision-making will yield an unethical decision?
a. Strive to treat people impartially and consistently
b. Apply existing laws to the situation
c. Remain within the letter of the law while intending to mislead people
d. Apply the Golden rule to the situation
6. The ethical norm of _____ addresses people’s responsibilities to each other
a. Rights b. Caring c. Utility d. Justice
7. Fairness in trading practices. Trading conditions, sales practices, consultancy services, tax payments, internal
audits, external audits, and executive compensation also fall under what field?
a. Sales and marketing c. Production
b. Finance and accounting d. Human resource management
8. It is the study of knowledge, reality, and existence.
a. Philosophy b. Mathematics c. Biology d. Humanities
9. The theory focus on the person’s actions or the actions of others toward the person.
a. Ethical theory b. Justice theory c. Right theory d. Philosophical theory
10. It defines justice as the ideal, morally correct state of things and persons.
a. Ethical theory b. Justice Theory c. Right theory d. Philosophical theory
11. It is a very specific and defined field of human endeavour.
a. Business b. Business ethics c. Businesswoman d. Business Math
12. Refers to some problem-solving techniques designed to help the practitioner when confronted with dilemmas.
a. Business b. Business ethics c. Businesswoman d. Business Math
13. What notion should be at the heart of ethical theory, according to virtue ethics?
a. Duty b. Intrinsic value c. Moral character d. Pleasure
14. What is the relationship between duty and virtue, according to virtue ethics?
a. Duty is defined as what a virtuous person would do.
b. Virtue is defined as a character trait that leads us to do our duty.
c. The two concepts are independent of one another
d. If one does one’s duty, virtue is unnecessary
15. It is refers to a corporation’s responsibilities or obligations toward society.
a. Corporate Service Responsibility c. Corporate Social Responsibility
b. Corporate Science Responsibility d. Corporate Socio Responsibility
16. Any person or organization who can positively or negatively impacted by or cause an impact on the action of
company.
a. Shareholder b. Stockholder c. Studentholder d. Stakeholder
 17. Engage in economic transactions with the business (for example stockholders, customers, suppliers, creditors, and
employees)
a. Primary stakeholder b. Secondary stakeholder c. Internal stakeholder d. External stakeholder
18. Stakeholder that do not engage in direct economic with the business but they are affected by or can affect its
actions.
a. Primary stakeholder b. Secondary stakeholder c. Internal stakeholder d. External stakeholder
19. Group of people who work for the company.
a. Employees b. Owner c. Investor d. Customers
20. They are considered the king of business because they are the one who is going to consume the product.
a. Employees b. Owner c. Investor d. Customers
21. The individual or group who invest their money in the organization.
a. Employees b. Owner c. Investor d. Customers
22. The individual or group who owns the organization.
a. Employees b. Owner c. Investor d. Customers
23. What does CSR stand for?
a. Companies’ Social Responsibility c. Corporate Social Revolution
b. Common Sense Responsibility d. Corporate Social Responsibility
24. ____ are those groups, individuals, and organizations that are directly affected by the practice of an organization
and have a stake in its performance.
a. Agents b. Entities c. Investors d. Stakeholders
25. What is social responsibility?
a. An ethical ideology that an organization or individual has an obligation to act to benefit society.
b. A way of conducting business through balancing the behavior of a company with the expectations of society.
c. A duty everyone has to perform so as to maintain a balance between the economy and the ecosystem.
d. All of these answer
26. Which of the following would NOT be considered an external stakeholder?
a. Regulators b. Employees c. Customers d. Investors
27. What does SRI stand for?
a. Socially Responsible Investment c. Sociology Responsible Investment
b. Socially Revolution Investment d. Sociology Revolution Investment
28. It is ‘making money while influencing positive change’
a. Impact Invention b. Impact Innovation c. Impact Investing d. Impact Intuition
29. They provide inputs to the organization like raw material, equipment
a. Suppliers b. Customers c. Creditors d. Clients
30. They are the individual, bank or financial institution who provides funds to the organization
a. Suppliers b. Customers c. Creditors d. Clients

For numbers 31-40. Matching Type. Choose the letter of the correct answer.

31. Ability to choose for oneself between right and wrong; a. Temperance
The ability to answer for one’s conduct obligations. D
32. Adherence to moral and ethical principles; soundness b. Industry
Of moral character; firm adherence to a code. K
33. An act of giving particular attention, to hold in high or special c. Order
Regard, to honor or hold in high esteem. G
34. Mental or moral strength to venture, persevere, and d. Responsibility
Withstand danger, fear, or difficulty H
35. Avoid extremes. Forbear resenting injuries so much e. Frugality
As you think they deserve. I
36. Be not disturbed at trifles, or at accidents common f. Justice
Or unavoidable. J
37. Let all your things have their places. Let each part of g. Respect
Your business have its time. C
38. Eat not to dullness. Drink not to elevation. A h. Courage
39. The quality of being impartial or fair; the administration i. Moderation
Of equitable law. F
40. Lose no time. Be always employed in something useful. j. Tranquility
Cut off all unnecessary actions. B
k. Integrity

For numbers 41-50. Identify the following and choose the letter of the correct answer in the box below.
A. Socrates E. John Locke I. Hegel
B. Plato F. Francis Bacon J. Augustine
C. Rene Descartes G. Comenius K. Kemerut
D. Aristotle H. Immanuel Kant
E.
 41. Libido Dominande (the desire to dominate) J
42. “Learn from ideas you dislike” I
43. “If you want to get a good job, then you ought to go to college” H
44. “Education is necessary to all” G
45. The Father of Scientific Method F
46. Tabula Rasa E
47. “What makes people happy?’ D
48. “I think therefore, I am” C
49. The proponent of Four big ideas to make life fulfil B
50. The lover of wisdom. A

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Maybe it would be your last examination in my class

But it does not mean that it would be the last time we walk to the same path
Good luck to the next chapter of your journey my dear senior high students
Be FAIR
Be ACCOUNTABLE
Be TRANSPARENT
Use ETHICS and be SOCIALLY RESPONSIBLE
Looking forward to be YOUR Company’s STAKEHOLDER in the near future

GOD BLESS!!!

-Ma’am Ronalette Danes-