Assessment

I. Multiple Choice

Directions: Read and analyze each item. Encircle the letter of the correct answer. You
may also view this exam on google class. Submit your work in the pigeon boxes which
are provided in your department/college, or to google class on or before the date as
reflected in your study schedule.

1. The following are the principles of personal ethics, except

A. Basic Justice, fairness B. Concern for the right of others
C. Compliance with the law D. Confidentiality

2. All the recognized professions have several common characteristics and this include
the following, except
A. A need for private confidence B. A responsibility to serve the public

C. A complex body of knowledge D. Standards of admission to the profession

3. Among are the included in business ethics, except

A. Fair competition B. Social responsibility
C. Concern for environment D. Professional behavior

4. The following are the primary reason why people act unethically, except
A. The person chooses to act selfishly
B. The person’s ethical standards are similar from those of society as a
whole
C. The person’s ethical standards are different from those of society as a
whole
D. None of the above

5. Among are the characteristics and values associated with ethical behavior, except
A. Accountability B. Honesty C. Confidentiality D. Integrity E. None of
these

6. Examples of direct misrepresentation about the product include the following except
A. False advertising B. Deceptive packaging
C. Mislabeling D. Caveat emptor

7. Examples of indirect misrepresentation about the product include the following

except
A. Caveat emptor B. Deliberate withholding adverse information
C. Business ignorance D. False advertising

8. Examples of direct misrepresentation about the product include the following except
A. Adulteration B. Short merging
C. Short measurement D. Over persuasion
9. Interlocking directorship can be committed by
A. Rank and file employees B. Members of the board of directors

C. Top executive officers D. Middle-level managers

10. The following constitute unfair labor practices of an employer except

A. To restrain employees to form a union
B. To violate a collective bargain or agreement
C. To discriminate with regard to wages, hours of work
D. To terminate employment of employees found to have violated
company policy or employment contract

11. The following are examples of unethical practices of employer except

A. Acceptance of gifts from a customer in exchange for a favor that is
detrimental to its interest of his employer
B. Engagement in the same type of business as his employer
C. Disclosure of confidential company information to someone else for
personal gain
D. Application for a loan from his employer to settle personal liabilities

12. The following are examples of dishonest acts of an employee toward his employer
except
A. Working overtime upon instruction of his supervisor
B. Bringing home office supplies for personal use
C. Overstating business trip expense by submitting false receipts
D. Dong personal errands during office hours.

13. The following are examples of conflict of interest, except

A. The employee discloses or uses confidential information for his or someone
else’s personal gain
B. The employee engages another type of business as his employer.
C. The employee uses for his own benefit a business opportunity in which his
employer has or might be expected to have an interest
D. An employee holds significant interest or shares of stock of a supplier which
prejudice his employer

14. The following are the unethical practices of the board of directors, except
A. Plain Graft B. Outsider Trading
C. Interlocking Directorship D. Negligence of duty

15. Among are the unethical practices of executive officers and lower-level management,
except
A. Claiming a vacation trip to be a business trip.
B. Unfair labor practices
C. Ineffective controls
D. Having employees do work related to the business
16. Top management's commitment in the "Unified Code of Conduct for Business"
included the following, except
A. To lead by example in conducting business with integrity.
B. To communicate within the company and the general public the company's
position against bribery, corruption and unethical business practice,
C. To institute training programs or business ethics covering all levels of
the organization.
D. To support strategy integrity practices and efforts and allocate sufficient
resources for their implementation.

17. Among the commitments of the "Finance and Accounting Section of an organization"
is.
A. To pay taxes in compliance with all laws
B. To have appropriate tools to receive, monitor and act on internal and
external complaints of employees.
C. To communicate rules and guidelines or giving gifts, entertainment tokens of
hospitality and contributes to / from public or private organizations.
D. To prohibit contracting a third party to bribe or commit corrupt practices in
behalf of the company.

18. In the "Unified Code of Conduct for Business" the logistics department commits to do
the following, except
A. Not to penalize employees for refusing to pay bribes or facilitation payments
even if it results in failure to meet deadlines or revenue is lost.
B. Not to tolerate any breaches or violation of existing laws in exchange for
undue advantage and unethical concessions a favor.
C. To pay correct duties and taxes based on transparent assessment of goods
and services.
D. To protect employees from retaliation when complaints are failed
against them.

19. In the “Unified Code of Conduct for Business” the human resources department
commit to do the following, except
A. Employees filing complaints will be protected from all types of retaliation
B. Have instituted training programs on business ethics covering only
the top levels of organization.
C. To have appropriate tools to confidentially receive, monitor, and act on
internal and external complaints.
D. In the spirit of fairness and due process, all employees have the right to file
and respond to complaint against practices suspected to be illegal or
unethical.

20. A code of conduct is a formal expression of the organization’s value and ethics that
includes the following, except
A. To ensure compliance with legal and other obligations to legitimate
stakeholders.
B. To promote responsibility and accountability of individuals for reporting and
investigating reports of unethical practices; and
 C. To guide directors and senior executives as to the practices necessary to
maintain confidence in the organization's integrity.
D. Other members of staff should also have a code of conduct relevant
to them which may be not the same as that for directors and senior
executives or may be not complementary version,

II. True or False

Directions: Read the following sentences. Write the letter “T” if the statement is True
and “F” if the statement is False. Write your answer on the space before the number.
You may also view this test at our google class.

T 1. A considerable portion of the ethical values of a society cannot be incorporated into

laws because of the judgmental nature of certain values.

T 2. To understand the importance of a Code of Ethics for professionals, one must

understand the nature of a profession as opposed to other vacation.

F 3. Company operations influence employees, customers, suppliers and competitors,

while business decisions affect communities, governments and the environment.

F 4. Fairness and closeness are one of the characteristics and values associated with
ethical behavior

T 5. The need for ethics in society is sufficiently important that may need commonly held
ethical values are incorporated into laws.

T 6. Manager is expected to act in the best interest of the business, he can be expected
to act in a manner that is not contrary to the law or to his conscience.

F 7. A manager should cooperate with his colleagues and to attempt to secure personal
advantage at their expense. 

F 8. Business ethics is an area of corporate responsibility where businesses are legally

bound and socially obligated to conduct business in an unethical manner.

T 9. One of the specific purposes of business ethics is to assist the business world in
formulating codes of conduct which can be used as a guide in formulating business
plans and strategies and in making business decisions.

T 10. Since individual values differ, what is ethical or unethical in making profit also
varies from person to person.

T 11. A manager indirectly betrays trust placed on him by higher executive officers if the
administrative and accounting controls in his office are so weak or effective that
employees are given the opportunity to misappropriate funds or engage in petty thievery.

F 12. Caveat emptor is direct misrepresentation and unethical because a seller is a

witness for the goods he is selling.
T 13. Executive officer and lower managers ask company employees to do personal
thing for them on company time is unethical.

T 14. The employee uses or discloses confidential company information for his or
someone else's personal gain is an example of conflicts of interest.

F 15. Insider trading occurs when a broker or another person with access to confidential
information uses that information to trade in shares and securities of a corporation, thus
giving him a fair advantage over the other purchasers of these securities.

F 16. The Ant-Money Laundering Act criminalizes money laundering and organized
crime.

T 17. Corruptions spread when there are opportunities, when risk is minimal in
comparison to benefits obtained

T 18. Having defined workflows, clear directives on financial approving authorities, and
standard procurement instructions can help flag irregularities in a business or
organization.

T 19. Conflict of interest occurs when a business interest or relationships is placed

before the personal interest,

T 20. Corruption is the abuse of private and public office for personal gain. It includes
acts of bribery, embezzlement, nepotism, kickbacks and state capture

T 21. Corruption causes businesses to flee from the country because businessmen find
it a constant threat for their progress.

T 22. Major corruption arises whenever major events involving large sums of money
multiple parties or huge quantities or products are at stake.

T 23. The Anti-Graph and Corrupt Practices Act criminalizes active and passive bribery,
embezzlement, extortion, abuse of office and conflict of interest in the public sector.

T 24. Corruption leads to waste or the efficient use of public resources.

T 25. Corruption creates unfair competition and decreases the cost of doing business.
Every form of corruption is bad for economic growth and could result to tarnished
reputation of an entire country.

III. Identification

Directions: Identify the following questions and write your answer on the blank provided.
You may also view this exam on google class. Submit your work in the pigeon boxes
which are provided in your department/college, or to google class on or before the date
as reflected in your study schedule.
Fair Business Competition 1. It means achieving success solely by offering better
products, services and terms that the competitors.

Ethical Dilemma 2. Refers to standards of moral conduct, behavior and judgment in

business. It involves making the moral and right decisions while engage in such
business activities as manufacturing and selling a product and providing a service to
customers.

Competitive values 3. It is a form of business competition where success is gained by

the merits of one's goods and services. 

Business Ethics 4. An area of corporate responsibility where businesses are legally

bound and socially obligated to conduct business in an ethical manner.

Recipients and payers 5. Refers to a key area of business influence on society.

Persuasion 6. The process of appealing to the emotions of a prospective customer and

urging him to buy an item of merchandise he needs.

Conflict of interest 7. It arises when an employee who is duty bound to protect and
promote the interests of his employer violates this obligation by getting himself into a
situation where his decision or actuation is influenced by what he can gain personally
from it rather than what his employer can gain from it.

Disloyal selling 8. It happens when this person is compelled to decide which of the two
corporation’s interest should be protected or upheld.

Adulteration 9. Refers to unethical practice of debasing a pure or genuine commodity

by imitating or counterfeiting it,

Direct Misinterpretation 10. Characterized by actively misrepresenting about the

product or customers.
Caveat emptor 11. It means “let the buyer beware”.

Business ignorance 12. It is a passive deception because the businessman is unable

to provide the customer with the complete information that the latter needs to make a fair
decision.

Interlocking directorship 13. Often practiced by a person who holds directorial

positions in two or more corporation that do business with each other

Misbranding 14. The practice of making false statements on the label of a product or
making its container similar to a well-known product for the purpose of deceiving the
customer as to the quality and/or quantity of a product being sold.

Measurement Understatement 15. This unethical practice is found in selling situations

where the price of the product depends on its length such as selling cloths or textile,
electric cords or wires or on its volume such as selling rice by the sack.