LIBUNGAN HIGH SCHOOL

SENIOR HIGH SCHOOL DEPARTMENT

2nd SEMESTER MIDTERM EXAMINATION
SY 2019 – 2020

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

Name: _________________________________________ Date: ___________

Year & Section: __________________________________ Score: __________

General Direction: Read each of the following questions carefully. Write your answers clearly on the space provided. No cheating!
I. Multiple Choice: Select the letter that corresponds to the correct answer and write it on the space provided before the number.
1. Is the branch of philosophical thinking that investigates the set of questions that arises when one considers how to act?
a) Ethics b) Deontological ethics c) Virtue ethics d) Logic
2. Which of the following describes the main role of business organizations in the society?
a) Create wealth. c) Provide products and services.
b) Provide employment. d) Create more business establishments.
3. _____ is essential to business survival, job creation and it contributes to and boosts the economy.
a) Product b) Selling c) Marketing d) Profitability of the business
4. The word entrepreneur first appeared in the French dictionary in what year?
a) 1273 b) 1523 c) 1753 d) 1723
5. What is business organization?
a) Group of individuals systematically united for the accomplishment of a common purpose or undertaking.
b) Group of individuals who undertakes and manages a business by taking a financial risk.
c) Group of businesses which were organized to help each other’s businesses.
d) Group of entrepreneurs who operate business to fulfill their personal needs.
6. A person who uses opportunities to organize and operate a business, and accepts the risks of operating a business is called
______?
a) employer b) marketer c) businessman d) entrepreneur
7. Which of the following government agencies is responsible for adequate supervision over business organizations’ activities
and operations?
a) DTI b) NBI c) SEC d) PSE
8. Under what Corporation Code of the Philippines states that corporation are established, not only for private gains but also as”
effective partners of the government in spreading the benefits of capitalism for the social and economic development of the
nation”.
a) Batas Pambansa Bilang 58 b) Batas Pambansa Bilang 68
c) Batas Pambansa Bilang 78 d) Batas Pambansa Bilang 98
9. Which of the following best describes the effect of business organization in the society?
a) They create a cleaner and greener environment.
b) They serve as catalyst to generate more income and jobs that boost the economy.
c) They create more high arcing buildings for government officials and businesses.
d) They serve as venue for young marketers to showcase their skills.
10. Sole proprietorship is best defined as_______.
a) when to or more individuals come together, contribute resources to form a business.
b) an entity that is legally recognized as separate and distinct from its owners.
c) a business owned and controlled by all the members of the business.
d) a business owned by a single individual.
11. Whose philosopher stated that “The whole is greater than the sum of its parts” as support for partnership?
a) Aristotle b) Confucius c) Plato d) Socrates
12. It is an entity that is legally recognized as separate and distinct from its owners?
a) Cooperative b) Corporation c) Partnership d) Sole proprietorship
13. This document defines the ownership, operating procedures, and conditions of the business?
a) Article of Incorporation and By-laws b) Blue book c) Bible d) Corporate book
14. Muslim are obliged to earn _____money, not just earn from any enterprise.
a) Riba b) unlawful c) Haram d) Halal
15. _____ is another way to offer gratitude to Allah.
a) Ramadan b) Tha Hajj c) The Zakat d) The Siyam
16. Which of the following Impact of Islam does not belong to the Islamic code of ethics that governed strictly by Muslim?
a) Be Humble b) Treat workers Unfairly c) Be Honest d) Keep One’s word
17. It is one of the Noble Eightfold Path which refers to understand wholesome and unwholesome deeds and comprehend the law
of karma.
a) Right Speech b) Right action c) Right View d) Right effort
18. The following were norms in the past but are no longer morally acceptable now, except _______?
a) bribery b) racism c) sexism d) slavery
 19. Which of the following inappropriate practices and policies designed to harm others and withhold the rights of an individual?
a) violence b) humiliation c) destructiveness d) discrimination
20. This inappropriate practices and policies designed to diminish people’s psychological needs and dignity.
a) violence b) humiliation c) destructiveness d) discrimination
21. Bribery is committed by an employee when he/she __________?
a) Refuses to render overtime.
b) Choose to favor his/her relative over the other.
c) Accept gifts from supplier to expedite required services or secure contracts.
d) Demean other people or make suggestive comments about them.
22. Whose philosopher invented the dialectic method which compels the audience to think through a problem to a logical
conclusion?
a) Aristotle b) Confucius c) Plato d) Socrates
23. This philosopher believe that philosophy should achieve practical results for the greater good of society.
a) Aristotle b) Confucius c) Plato d) Socrates
24. Which of the following refers to as a logical argument where the conclusion is inferred from two or premises?
a) Logic b) Fallacy c) Prior Analytics d) Syllogism
25. According to him, one can be taught a virtue or qualities every person should have.
a) Aristotle b) Confucius c) Plato d) Socrates
26. Which of the following best describes the help that the classical philosophies do in the business setting?
a) It provides the organization a set of desirable characteristics for each member to follow.
b) It provides accurate judgments on what is right or wrong, just and unjust.
c) It provides a venue for the employees to share their own philosophy in life.
d) It provides adequate solutions to problems faced by business individuals.
27. Which of the following belief systems consider as the world’s largest religion with more than two billion followers?
a) Buddhism b) Christianity c) Islam d) Judaism
28. ____ is the holy book and a product of divine inspiration and considered by believers as the infallible word of God.
a) Bible b) Gospel c) Torah d) Qur’an
29. The word Islam (salam) is literally interpreted as_______?
a) Enlightenment b) Justice c) Peace d) Purity
30. It is the obligation of Jews to avoid poverty by earning a living through gainful employment falls unto what impact of Judaism in
Business Practices?
a) Business in good faith b) Trading c) Treatment of workers d) right livelihood

II. Identification: Give what is being ask in each of the following items.
A. Identify the corporate culture of the companies cited below if it’s (a) Team-oriented culture, (b)Elite culture,
(c)Horizontal culture, or (d)Conventional culture. Write only the letter of your answer on the space provided
before the number.
_______________31) Google is known for hiring only the best people to join its ranks.
_______________32) BDO gives its employees a cash subsidy for the purpose of purchasing their company uniforms.
_______________33) Netflix gives its employees unlimited family leave and doesn’t care about the hours spent in the
office, but rather care about what is accomplished.
_______________34) Pinterest mined data from the pin boards of each of its employees to find shared interests
between them.

B. Choose which principles corresponds to the policies. Write only the letter of your choice on the space provided.

A. FAIRNESS B. ACCOUNTABILITY C. TRANSPARENCY

Policies Principles
Employee Conduct 35)
Equal Opportunity 36)
Attendance and Time Off 37)
Computer Use 38)
Noncompetition 39)
Finance and Accounting 40)

“The man of few words and settled mind is wise; therefore, even a fool is thought to be wise when he is silent.
It pays him to keep his mouth shut.” -Proverbs 17:27-28
GOB BLESS YOU ALL!!!
PREPARED BY: SHIERY MAE C. FALCONITIN