Diagnostic Test
Business Ethics and Social Responsibility
1. . It is a business owned by one person only.
A. Corporation c. Sole proprietorship e. Profit
B. Business d. Partnership
2. It is the amount received minus the amount spent.
A. Corporation c. Sole proprietorship e. Profit
B. Business d. Partnership
3. It is an independent entity distinct from its owners.
A. Corporation c. Sole proprietorship e. Profit
B. Business d. Partnership
4. It involves important operations like advertising, marketing, etc.
A. Corporation c. Sole proprietorship e. Profit
B. Business d. Partnership
5. It is a business venture by two or more people
A. Corporation c. Sole proprietorship e. Profit
B. Business d. Partnership
6. Which is not true of a corporation?
A. The life of a corporation has no limit.
B. The business does not have any independent legal status.
C. The business operates even without any real oversight from the owners.
D. Corporation files taxes separately from its owners.
7. All of these are advantages of a partnership, except:
A. there is sharing of burden.
B. the partners both own and control the business.
C. there is better decision-making because two heads decide.
D. it has lower start-up cost
8. Which is not a nature of business?
A. It aims to earn profits.
B. There are four forms of business organization.
C. It is an active process.
D. It involves significant operations such as buying, assembling, etc.
9. It is the explication and justification process.
A. accountability B. fairness C. transparency D. efficiency
10. It is giving to a person what is due to him/her.
A. accountability B. fairness C. transparency D. efficiency
11. This act should be done accurately to the company’s investors.
A. hiring B. reporting C. organizing D. auditing
12. This approach makes a person more honest and sincere.
A. accountability B. fairness C. transparency D. efficiency
13. This means that the standard of judging is free from bias.
A. accountability B. fairness C. transparency D. efficiency
14. It is the explication and justification process
A. accountability B. fairness C. transparency D. efficiency
15. It is giving to a person what is due to him/her.
A. accountability B. fairness C. transparency D. efficiency
16. . This act should be done accurately to the company’s investors
A. accountability B. fairness C. transparency D. efficiency
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17. XYZ Company does not accept members of LGBTQIA+ community.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
18. Diggie’s hotdogs are made under strict processing standards.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
19. The company accountant orders office supplies from her husband’s store.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
20. Strawberry, a new brand of computer, launched its new laptops at an overpriced amount.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
21. Lobo Enterprise rejects all differently abled persons.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
22. Super Milk does not put on the can’s label the ingredients they used.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
23. The food products of XYZ Corporation are well-sealed.
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
24. The manager joins the contract bidding of their proposed new building
A. Ethical Issues in Finance
B. Ethical Issues in Human Resource Management
C. Ethical Issues in Marketing
D. Ethical Issues in Production
25. Motives and the willingness of individuals to act for the good of others, even though that
action might result to personal loss.
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
E. Jeremy Bentham and John Stuart Mill
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26. The role of the leader is to create an environment in which all members of an organization
can realize their own potential.
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
E. Jeremy Bentham and John Stuart Mill
27. Happiness or well-being is the highest aim of moral thought and conduct.
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
E. Jeremy Bentham and John Stuart Mill
28. Utilitarianism is a moral theory that advocates actions that promote overall happiness or
pleasure and rejects actions that cause unhappiness or harm.
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
E. Jeremy Bentham and John Stuart Mill
29. We have the right to think of ourselves
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
E. Jeremy Bentham and John Stuart Mill
30. He was the student of Socrates and the teacher of Aristotle. He wrote in the middle of the
4th Century BCE in ancient Greece. This is Plato’s philosophical idea:
A. Aristotle
B. Plato
C. Socrates
D. Imannuel Kant
31. It is a philosophy or belief suggesting that an action is morally right when the majority of
people benefit from it.
A. Socialism
B. Capitalism
C. Utilitarianism
D. Communism
32. . Jews believe that there is one God, and their written laws rely on the ____.
A. Qur’an C. Holy Bible
B. Torah D. Talmud
33. Buddhists follow the teachings of ____.
A. Indira Gandhi C. Siddhartha Gautama
B. Pratimoksa D. Brahman
34. Hindus believe in ____.
A. Indira Gandhi C. Siddhartha Gautama
B. Pratimoksa D. Brahman
35. Christians follow the ____.
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A. Holy Bible C. Torah
B. Qur’an D. Talmud
36. The source of rules for the Islam is called ____.
A. Holy Bible C. Torah
B. Talmud D. Qur’an
37. They have a positive attitude towards business and wealth creation.
A. Islam C. Hinduism
B. Christianity D. Judaism
38. Charity and justice in business must be exercised.
A. Islam C. Hinduism
B. Christianity D. Judaism
39. One should not forget to consider the good acts others may have done particularly in times
of great need.
A. Bahala na C. Utang na Loob
B. Ningas Cogon D. Padrino System
40. It connotes the eagerness of the Filipinos just at the beginning, but then rapidly lose interest
shortly after it begins, or lack of follow-up.
A. Bahala na C. Utang na Loob
B. Ningas Cogon D. Padrino System
41. Filipino culture and politics, is the system of value in which one gets support, endorsement,
or political appointment through family affiliation (nepotism) or friendship (cronyism), as
opposed to one's worth. Meaning, the owner or manager hires friends or relatives regardless
of their qualifications.
A. Bahala na C. Utang na Loob
B. Ningas Cogon D. Padrino System
42. Spanish term meaning caring for oneself, or self-love. It is a feeling of self-esteem or self-
respect that prevents a person from swallowing his or her pride. Sensitivity to personal insult
or offending situation is included.
A. Nongas Cogon C. Amor Propio
B. Mañana Habit D. Delicadeza
43. It is defined as acting in a manner which is refined or being delicate in taste. Often, it may
mean good decorum or absolute obedience to what is right, legal, or ethical.
A. Nongas Cogon C. Amor Propio
B. Mañana Habit D. Delicadeza
44. It might just as well mean putting off something until another time. This habit has made
Filipinos less efficient and less energetic in doing the task.
A. Nongas Cogon C. Amor Propio
B. Mañana Habit D. Delicadeza
45. This belief in putting life in the hands of God may be a symbol of how devout Filipinos can
be. They just leave everything to God, including their problems and their sufferings. They are
fatalistic, putting their lives in the hands of fate.
A. Bahala na C. Utang na Loob
B. Ningas Cogon D. Padrino System
46. helps you identify your business' strengths, weaknesses, opportunities, and threats.
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
47. Measures your business’ performance against similar sized businesses in your industry.
A. SWOT Analysis C. Benchmarking
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B. Market Research D. Trend Analysis
48. Investigates your business' market and industry to identify trends, changes, and customer or
client demands.
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
49. Uses business data collected over time to identify consistent results or trends.
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
50. provide useful information to help develop your business skills.
A. SWOT Analysis C. Benchmarking
B. Market Research D. Webinar
51. Investigates your business' market and industry to identify trends, changes, and customer or
client demands.
A. Swot Analysis C. Market Research
B. Webinar D. Benchmarking
52. Measures your business' performance against similar sized businesses in your industry.
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
53. States clearly what you want to achieve
A. Specific C. Attainable
B. Measurable D. Relevant
54. Check if your objective is something you have the time and resources to meet
A. Specific C. Achievable
B. Measurable D. Relevant
55. uses business data collected over time to identify consistent results or trends
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
56. provide useful information to help develop your business skills
A. SWOT Analysis C. Benchmarking
B. Market Research D. Webinar
57. set a specific date for completion
A. Specific C. Achievable
B. Measurable D. Timely
58. helps you identify your business' strengths, weaknesses, opportunities, and threats
A. SWOT Analysis C. Benchmarking
B. Market Research D. Trend Analysis
59. make sure you can evaluate success
A. Specific C. Achievable
B. Measurable D. Timely
60. make sure your objectives improve profit drivers and improve some part of your business
A. Specific C. Achievable
B. Measurable D. Relevant
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This study source was downloaded by 100000795692722 from CourseHero.com on 02-08-2023 05:26:05 GMT -06:00
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