Republic of the Philippines

Department of Education- Region X

Division of Valencia City
CENTRAL BUKIDNON INSTITUTE
Bagontaas, Valencia City 8709, Bukidnon
SY 2019-2020
Business Ethics and Social Responsibility

Name: ____________________________________ Grade: _________ Section: ______________ Date: ____________

Direction: Circle or darken the letter that corresponds to the BEST answer. There is only
one BEST answer for each question.
1. An organization that provides goods and services to earn or maximize a profit.
A. Business B. Companies C. Employees D. Investor
2. Tangible item that satisfies human want or need.
A. Foods B. Goods C. Cash D. Gift
3. An activities that benefits consumers or other businesses.
A. Home Credit B. Banking C. Loans D. Services
4. Is the natural resources that can be used to produce goods and services.
A. Land B. Water C. Crops D. Plants
5. Is the total human resources required to turn raw materials into goods and services.
A. Land B. Income C. Labor D. Root crops
6. Is the total of tools, equipment, machinery and buildings used to produce goods and
services.
A. Finance B. Capital C. Industry D. Source
7. Is an individual who takes initiatives to bundle resources in innovative ways.
A. Economics B. Funds C. Entrepreneurship D. Supply
8. It is the reward to the business.
A. Financial side B. Rites C. Profit D. Deliver
9. It is the method a society uses to allocate its resources
A. Monetary s B. Means C. Income D. Economic System
10. It is an economic system in which both the factors of production and the businesses are
owned by private individuals.
A. Capitalism B. Earnings C. Profits D. Financial System
11. It is also known as market economy.
A. Capitalism B. Pure Capitalism C. Takings D. Economic scheme
12. An economic system based on a market economy with limited government involvement.
A. Capitalism B. Pure Capitalism C. Returns D. Mixed Capitalism
13. In which the government controls the factor of production.
A. Private enterprise B. Pure Capitalism C. Communism D. Mixed Capitalism
14. It is an economic system in which the government controls the operation and direction
of basic industries but private ownership also exists.
A. Socialism B. Free enterprise C. Collectivism D. Private enterprise
15. In this economic system, in which there is both private and government ownership and
production of goods and services.
A. Collectivism B. Venture C. Mixed economic System D. Private enterprise
16. Accounts for all goods and services a country produces, no matter where they were
produced.
A. Gross National Product
B. Gross Nature Price
C. Gross National Peace
D. Gross Nation Product
17. The total market value of all goods and services that a country produces in a year with in its
national boundaries.
A. Gross Domestic Price
B. Gross Domestic Product
C. Gross Development Product
D. Gross Diversified Product
18. The degree of material wealth in a country.
A. Capitalism B. Project C. Monetary System D. Standard of living
19. A set of guidelines for maintaining ethics in the workplace.
A. Code of Ethics B. Code of Conduct C. System D. Average of living
20. A conflict between self-interest and a professional obligation.
A. Principles B. Behavior C. Conflict of Interest D. Livelihood
21. The study of right and wrong and the set of moral values that govern behavior
A. Values B. Actions C. Ethics D. Occupation
22. The application of moral standards to business situations
A. Business Ethics B. Events C. Morals D. Job
23. Employees take advantage of the situation for personal gain rather than for the employers
interest
A. Trade Ethics B. Trial C. Principles D. Conflict of Interest
24. Informing the press or government officials about unethical practices within one's
organization
A. Deal morals B. Tryout C. Whistle Blower D. Clash of Interest
25. A written document that outlines ethical standards in a company
A. Code of Ethics B. Interview C. Shriek r D. Concern
26. The obligation of the business to consider their impact on society as part of their business
decisions making. "corporate citizenship"
A. Regulations B. Consultation C. Whistle D. Social Responsibility
27. Society benefits most when business is left alone to produce profitable products that society
needs.
A. Policy B. Discussion C. Economic Model D. Social liability
28. This is not only has this responsibility to shareholders but also other "stakeholders" and
society
A. Strategy B. Debate C. Economic replica D. Socioeconomic Model
29. Charity, giving money
A. Approach B. Philanthropy C. Fiscal replica D. Socioeconomic representation
30. All activities undertaken to protect the rights of consumers.
A. Come up to B. Patronage C. Duplication D. Consumerism
31. A business entity, who sells service to customers.
A. Service Concern B. Investment C. Repetition D. Customer
32. A business entity engage in the buying and selling of products.
A. Overhaul B. Merchandising C. Reappearance D. Purchaser
33. A business that produce goods.
A. Refurbish B. Commodities C. Manufacturing D. Procurer
34. Engage in the production of agricultural goods and animals.
A. Smarten up B. Possessions C. Developed D. Agricultural
35. Posses two nature and characteristic of business entity.
A. Hybrid Business B. Property C. Urbanized D. Undeveloped
36. To gain profit, primary motivation in starting and improving a business entity.
A. Cross commerce B. Money C. Residential D. Emergent
37. A sort of enjoyment and a challenge to other people who are bored.
A. Business B. Currency C. Adventure D. Developing
38. The secondary motivation to provide some sort of satisfaction and enjoyment for the owner.
A. Industry B. Legal tender C. Escapade D. Satisfaction
39. The organized performance of all selling functions. True marketing starts with the customer,
not with the product.
A. Marketing B. Lawful C. Adventure D. Pleasure
40. It is not necessary for a business to grow bigger, but it is necessary that it constantly grows
better. Innovation may be finding new uses for old products.
A. Advertising B. Innovation C. Venture D. Contentment
41. Is the simplest form of business organization.
A. Sole Proprietorship B. Corporation C. Partnership D. A and C
42. Two or more people share ownership of a single business
A. Sole Proprietorship B. Corporation C. Partnership D. A and C
43. A form of business operation that declares the business as a separate, legal entity guided
by a group of officers known as the board of directors.
A. Sole Proprietorship B. Corporation C. Partnership D. A and C
44. To be more personally in control of your financial future.
A. Control B. Company C. Enterprise D. Contentment
45. They wanted to give the demands of the people.
A. Organize B. Service C. Endeavor D. Gratification
46. Third reason to be in business is to be able to help others and to do good for society.
A. Export B. Currency C. Suburban D. Benefit Society
47. To make money.
A. Money B. Profit C. Duplication D. Non-Profit
48. Balance and record daily sales and cash receipt daily
A. Capital B. Bookkeeping C. Repetition D. Earnings
49. Formalize and Revised Strategy
A. Marketing B. Accounting C. Recurrence D. Take-home pay
50. As a business owner needs to secure barangay, municipal clearance and registering with
the monthly , quarterly and yearly statutory compliance of these government bodies.
A. Book B. Receipt C. Repetition D. Reportorial Requirements
51. It shows that how well an individual is doing to satisfy his or her needs for goods and
services.
A. Standard of living B. Depository C. Mortgage D. Services
52. Groups, individuals, and organizations that are directly affected by the practices of an
organization and, therefore, have a stake in its performance
A. Average of living
B. Organizational Stakeholders
C. Benefit Society
D. Strategy
53. Businesses follow proper accounting procedures, provide information to shareholders about
financial performance, and protect shareholder rights and investments
A. Principles B. Collection C. Investors D. Procurer
54. The expectation of an expanded role for business in protecting and enhancing the general
welfare of society
A. Communism B. Scheme C. Concept of Accountability D. Private enterprise
55. When two or more firms agree to collaborate on such wrongful acts as price fixing.
A. Commerce B. Corporation C. Workforce D. Collusion
56. Responding to increased demand with overly steep (and often unwarranted) price
increases.
A. Finance B. Capital C. Price gouging D. Source
57. A company does as little as possible and may attempt to deny or cover up violations
A. Values B. Performance C. Obstructionist Stance D. Livelihood
58. A company does everything required of it legally but no more
A. Defensive stance B. Free enterprise C. Collectivism D. Private enterprise
59. A company meets its legal and ethical requirements and also goes further in certain cases .
A. Defensive stance B. Free enterprise C. Collectivism D. Accommodative Stance
60. A company actively seeks to contribute to the well-being of groups and individuals in its
social environment
A. Defensive stance B. Pro Active stance C. Collectivism D. Accommodative Stance