Date Prepared: 01/07/2020

ASIA SOURCE iCOLLEGE

No. of Items: 60
4|F Gate 3 Plaza, Western Bicutan, Taguig City
EXAM PERIOD 3RD QUARTER
SUBJECT TITLE BUS7 – Business Ethics with CG
COURSE/SECTION ABM4A-M
INSTRUCTOR KRISTOFFER IAN A. BARREDO

Identification
Directions: Write your correct answer in your test booklet.
1. It is the application of general ethics idea to business behavior.
2. It is a science involves systemizing, defending, and recommending concepts of right and
wrong behavior.
3. It is a view of life and judgment of what is desirable.
4. It is a set of rules that governs the administration and management of companies.
5. It is a moral and normative science that refers to principles that define human behavior
as right, good and proper.
6. This normative theme contends that an act is morally right if and only if it best promotes
an agent’s long term interest.
7. It states that one should pursue his/her long term interest and not dictated what others
should do.
8. It states that everyone should follow their best long-term interest. Impersonal Egoism
9. This normative theme expresses business relationship between stock owners and their
managers running the day-to-day business of the company.
10. This theory argues that a corporate’s success in the marketplace can be best assured by
catering to the interest of all its stakeholders. This objective is achieved when
corporations adopt policies that ensure an optimal balance among all stakeholders.
11. This theory assumes that there is an implicit agreement between the society and any
created entity such as business unit, in which the society recognizes the existence of a
condition that it will serve the interest of the society in a certain specified ways.
12. An action is ethically right only if the sum of total utilities produced by that act is
greater than the sum of utilities produced by any other act that could have been
performed in its place.
13. This theory introduces an important humanistic dimension to business decisions,
which is to behave in the same way that one would wish to be treated under the same
circumstances and to always treat other people with dignity and respect.
14. This implies that an industrialist or businessman should consider himself to be a trustee
of the wealth he possesses.
15. It cites numerous instances of how moral values and ethics can be incorporated into one’s
work life.

ASIA SOURCE COLLEGE OF ARTS AND TECHNOLOGY 1|Page

 Date Prepared: 01/07/2020
ASIA SOURCE iCOLLEGE
No. of Items: 60
4|F Gate 3 Plaza, Western Bicutan, Taguig City
EXAM PERIOD 3RD QUARTER
SUBJECT TITLE BUS7 – Business Ethics with CG
COURSE/SECTION ABM4A-M
INSTRUCTOR KRISTOFFER IAN A. BARREDO

II. Essay with application. Answer in two to five sentences only.

Please explain the following (3 points each).

a. Ethics is different from religion. Why?

b. Ethics is different from feelings. Why?
c. Why should business act ethically?
d. Site some disadvantage of Universal Egoism.
e. Act vs. Rule Utilitarianism.
f. Difference between Virtue and Duty Ethics
g. Explain Intuitionism.
h. Difference between Distributive and Retributive Justice
i. Difference between Just Procedure and Just Outcome.
j. Difference between Balance and Impartiality.
k. Explain egalitarianism.
l. To be virtuous is to be excellent in some way. What does this mean?
m. Explain the principles of Professional Ethics.
n. Explain the principles of Personal Ethics.
o. Explain the Ethical decision making.

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Opportunity knocks once.

It the opportunity didn’t knock again
Build another door.
Good luck to your exams.

ASIA SOURCE COLLEGE OF ARTS AND TECHNOLOGY 2|Page