ACLC College

Ormoc Branch
Prelim Examination in
BUSINESS ETHICS W/ GOOD GOV’T & SOCIAL RESPONSIBILTY
Prepared by: Irina R. Lambonao, MBA, LPT
1st Sem. - SY: 2020-2021

Name:_____________________________________ Course & Year:__________ Score:_____

General Direction: This is a 70-item test comprising different types of tests. Read and understand
each direction carefully and answer responsibly. Attach file to answer.
I. Fill in the blank.
Direction: Supply with the correct answer to complete the statement. (10pts.)
1. Business Ethics is a subject t that deals with moral guidelines and good corporate governance.
2. An organization or entity whose primary objectives is to provide good and services for profit is called
Public benefit entities.
3. Ethics is a set of belief about right and wrong behavior within a society. It is also a study of morality.
4. All about behavior that is honest and forthright is called Integrity.
5. Social Responsibility is an organization’s obligation to maximize its positive impact on shareholders
and minimize its negative impact.
6. A set of rules and regulations created by the government to govern the whole society Law.
7. Review your decision and its consequences is the last step in the decision-making process.
8. Identify the decision is the first step in the decision-making process.
9.The inability to recognize ethical issues or shortsightedness about values is called Normative myopia.
10. The term moral imagination means creativity in identifying options.
II. Enumeration (20pts.)
Direction: Enumerate the correct answers.
1-4 List down the benefits of business ethics.
5-7 The three types of justice.(2pts.each)
8-11 The steps in decision-making process.
12-14 Three different moral approaches to resolve conflicts in decision-making.(2pts.each)
III. Matching type. (10pts.)
Direction: Match the following description of theories/sources of ethical standards in column A
with its corresponding approach in column B. Write the letter of your choice on the space
provided before each number.
Column A Column B
C 1. It focuses on respect for human dignity. A. Common good approach
E 2. Under this approach, a decision-maker is expected B. Principle Approach
to consider the effect of each decision alternatives C. The Right Approach
on all parties and select the one that optimizes the D. The Fairness/Justice Approach
satisfaction of the greatest number of people. E. Utilitarian Approach
D 3. This approach maintains that moral decision must be F. The virtue Approach
based on standards of equity and impartiality. G. Character Approach
F 4. An approach that ethical actions should be consistent
with certain virtues that provide for the full
development of humankind.
A 5. When debriefing ethical dilemma, this approach can
be useful when the issues involve the overall or
environment.
IV. Illustration (20pts.)
Direction: Make a Venn Diagram, and write at least 4 similarities and differences of the Law
and Ethics. ( put word or phrase only, not a sentence)
 V. Essay (10pts.)
Direction: Explain your answer concisely and limit your explanation to one paragraph only with
a minimum of 5 sentences.

1. Why do we need to study Business Ethics?

*Good luck and stay safe always!*