Business ethics short test

I. Multiple Choice. Write the word/words of the correct answer which satisfies the given
condition.
1. A business owned by one person is known as __.
Sole Proprietorship Partnership Corporation Cooperative
2. These are standards of conduct by which one’s action are judged.
Guide Standards Ethics Etiquette
3. It is the quality of making judgements that are free from discrimination.
Transparency Accountability Fairness Integrity
4. It is the ability to account for your actions and performance to your stakeholders.
Fairness Accountability Transparency Justice
5. What is the term which describes the opportunity for shareholders and potential investors o
openly observe companies financial transactions?
Social Audit Code of Ethics Transparency Philanthropy
6. What does open communication allow?
Opinions and ideas
An excess of knowledge
Science, engineering, business and humanities
The possibility of self- correction and group problem – solving
7. This is considered the oldest philosophy of Western culture. It refers to the world of mind and
ideas, where reason is primary.
Realism Pragmatism Idealism Existentialism
8. It is concerned with the reality and existence and the philosophy of being.
Epistemology Metaphysics Axiology Logic
9. Who is the father of Idealism?
Socrates Plato Aristotle John Locke
10. Which of the following is an important American school of philosophy whose members were
Pierce, James and Dewey?
Positivism Idealism Pragmatism Phenomenology