Fifth Assessment

January 2022

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

Grade 12 - ABM

Name: ______________________________________

TEST I:
Choose the letter of the best answer.

1. Which is NOT a form of business ownership?

A. Sole Proprietorship C. Corporation
B. Partnership D. Retail

2. Easy to start; owner is own boss; owner keeps all the profits and shoulders losses. These are
some descriptions of what type of business.
A. Sole Proprietorship C. Corporation
B. Partnership D. Franchise

3. Which of the following statements is true about Ethics?

A. It is the study of the wants and needs in business.
B. It is the study of what is right and wrong in human behavior and conduct in business.
C. It is the study of the relationship between people in a business.
D. None of the above.

4. What form of business consists of two or more people to carry on, as co-owners of a business
for profit?
A. Sole Proprietorship C. Corporation
B. Partnership D. Cooperative

5. Your mother has Php 100,000. She wants to invest her money in the form of business that has
the least amount of personal liability. What form of business would you recommend?
A. Sole Proprietorship C. Corporation
B. Partnership D. Cooperative

6. Which is considered an unethical business practice?

A. Treating employees fairly.
B. Selling a good quality product.
C. Hiring the most qualified applicants for vacant positions.
D. Buying substandard materials for production.

7. How a corporation differs from a sole proprietorship?

A. Corporations are owned by only one person.
B. Corporations can sell stocks to large and small investors to raise money for the business.
 C. Sole proprietorships have limited liability for the owners.
D. Sole proprietorships require a legal charter to start the business.

8. Rosa is a newly hired bookkeeper in an accounting firm. She sees to it that every transaction is
recorded in the journal and ledger entries. What character trait does Rosa possess?
A. She is organized. C. She is frustrated.
B. She is detailed. D. She is complacent.

9. John is always late in his client’s meeting. What can you say about him?
A. John is very dedicated. C. John is unprofessional.
B. John is lazy. D. John is busy.

10. Paolo, a maintenance assistant caught the cashier in the supermarket taking some money from
the counter and putting it inside her pocket. What do you think he should do?
A. Report immediately the incident to the manager.
B. Ignore because it is not his money.
C. Confront the cashier and tell her that you saw what she did.
D. Tell her you will not tell anyone unless she gives you a share on the money she stole.

11. Ely is always late coming to work yet he has no recorded tardiness because he and the
timekeeper are best friends. What character trait does he possess?
A. He is dishonest. C. He is mischievous.
B. He is decent. D. He is friendly.

12. A written set of rules that guide the employee in an organization on how to conduct himself in
accordance with the company’s ethical standards and values.
A. Mission Statement C. Executive Summary
B. Goals and Objectives D. Code of Ethics

13. As an employee assigned in a baggage counter, Maggie always makes sure that all the items
are in safe and in good condition, because of this, many customers are really satisfied and
secured in her service. What can you say about Maggie?
A. Maggie is very trustworthy and dedicated.
B. Maggie is very dependable.
C. Maggie is a good steward.
D. All of the above.

14. The class adviser of Grade 12 – ABM 1, Mrs. Tamayo, always makes sure that whenever there
are school activities, she gives all the members of the class chance to participate because she
always believes that everyone has his/her own talents and potentials. Based on the paragraph,
what does Mrs. Tamayo want to imply to her students?
A. Appropriateness C. Fairness
B. Gentleness D. Politeness
15. What do you think is the benefit of practicing good business ethics?
A. Low morale of employees C. High employee retention rate
B. Lack of trust D. Increase in product sales

16. What is fairness?

A. Something that is beneficial for you.
B. Something that is beneficial for all of society.
C. The quality of treating people equally.
D. None of the above.

17. Stewardship is not limited to money. What other thing that God expects you manage?
A. Education C. Health
B. Time D. Wealth

18. What does accountability refer to?

A. Being responsible for one’s action. C. The ability to hire and fire an employee.
B. Providing access to information. D. All of the above.

19. Which is considered unethical business practice?

A. Training employees unfairly. C. Good word of mouth from customers.
B. Selling quality product. D. All of the above.

20. All of the following are considered abusive conduct in the workplace EXCEPT
A. Invading the personal space of co-workers.
B. Insulting co-workers.
C. Receiving a performance review from a supervisor.
D. Giving nasty gestures at co-workers.

21. After finding a diamond ring in a hotel room. You:

A. Keep it because you believe in the finder’s keeper philosophy
B. Turn it over to the lost and found department of a hotel
C. Consider it yours unless the previous occupant looks for it and the front desk calls your
attention to turn over it.
D. None of the above.

22. After lunch, the waiter brings the check. Upon checking it, no dessert, and drinks to the bill. You:
A. Pay the bill. It was their mistake.
B. Call the waiter and ask him to recompute the check and add the dessert and drinks.
C. Pay the bill and give him the bigger tip since you saved money because of the dessert and
drinks that were not included in the bill.
D. None of the above.

23. In a team meeting, your boss congratulates you for a project that was done by someone else
from the team. You:
A. Stay silent in the meeting and later approach your co-worker you are sorry the boss did that.
B. Explain to boss immediately that it was not your work and give credit where credit is due.
 C. Never say anything about it.
D. None of the above.

24. Your company has a policy that prevents employees from accepting gifts. The policy also
requires that you inform your manager about the gift. A supplier you have known for several
years offers you a hotel gift certificate. You:
A. Accept the gift and tell your manager afterward.
B. Accept the gift and do not tell your manager about it.
C. Inform your boss and hope for approval.
D. None of the above.

25. You are with some friends at the park. There are three different bins in the area. A friend threw
an empty soda can in the paper bin. You:
A. Better not say anything.
B. Move the can into the correct bin.
C. Give him stick to take the can out and advise him to put it in the correct bin.
D. None of the above.

26. You insert the exact amount into the vending machine at school for a can of soda. Two cans are
released from the machine. What will you do with the extra can of soda?
A. Offer the can of juice to your classmate.
B. Keep the extra can of soda for you.
C. Report an incident to appropriate school personnel.

27. Employees expect that their employers will be transparent. What does this refer to?
A. The need for an office space to use glass walls.
B. Employers are responsible for their employees’ actions.
C. Employers to provide honest and clear information to their employees.

28. Joseph found out his teacher’s password to open her Facebook account. What is the ethically
correct thing for him to do?
A. Give the password to all other students.
B. Tell the teacher so she may change it.
C. Keep it to himself.

29. Arriving to work on time is an example of which characteristic of a good employee?

A. Timeliness
B. Accountability
C. Adaptability

30. Providing wrong information on the resume is an example of which of the following:
A. Lack of transparency on employee’s part.
B. Poor transparency on an employer’s part.
C. Lack of accountability on an employer’s part.
31. Which of the following are the functions of a Code of Ethics?
A. It can express a shared commitment on the part of a professional society’s members to strive
and to satisfy certain ethical standards and principles.
B. It can help foster an environment in which ethical behavior is the norm.
C. It can serve as a guide or reminder in specific situations.
D. All of the above.

32. Which of the following is a practice of fair treatment of workers at workplace?

A. Recreation facilities at the workplace.
B. Rights of workers to fairness and dignity.
C. Right of workers to have a share in company’s profit.
D. None of the above.

33. Ethical issues do not exist in accounting because the field involves primarily objective data.
A. True B. False

34. Which of the following is the study and practice of decisions about what is good or right?
A. Law C. Ethics
B. Morals D. Business

35. A businessman who owns a medical store in a small town is the only outlet that sells face mask.
There is a great necessity and high demand for the use of the item due to COVID-19 pandemic,
so he charges irrational amount of doubling the price. The community gets mad of the situation.
This business practice is most likely:
A. Ethical because it is not illegal for the owner to set its prices based on maximizing profits.
B. Unethical because the owner focuses only on the impact of decisions on his business.
C. Unethical because business operates in a community and communities have expectations
for behavior of individuals, groups, and businesses.
D. None of the above.

TEST II:
Identify what principle (Accountability, Fairness, Transparency, or Stewardship) is being
applied in the following situations. Write it on the blank provided.

___________36. Ms. Reyes keeps her class record organized and updated because she is very
objective in giving grades.

___________37. The ABC company holds monthly board meeting to ensure that every member is
well-informed about the current business situations.

___________38. Company X hires external auditor to assess and evaluate their financial
statements. If the auditor finds out any discrepancy, the company will make sure
that the accountants and other financial executives as part of their responsibilities
in the company will make the necessary adjustments.
___________39. Mr. Roxas, the manager of the Treasury Department, reported the savings of the
company in all partner banks accurately.

___________40. The security guard of the building always makes rounds every 2 hours during his
night shift to make sure that the company’s assets are secured.

___________41. Ms. Cruz uses rubrics in evaluating students’ task performance.

___________42. Private Schools’ Association implements guidelines in conducting school activities

like field trip.

___________43. Mrs. Delos Reyes entertains queries of students on the computation of their
grades.

___________44. Ms. Jimenez, the department head, reported the financial statement of the
department in full details.

___________45. The school’s guard reported the incident to the guidance office.

TEST III:
Write ETH if the statement is ETHICAL; UNETH if the statement is UNETHICAL.

___________46. Obeying company’s rules and regulations.

___________47. Developing professional relationships with co-workers.

___________48. Taking credit for others hard work.

___________49. Using or taking company’s supplies for personal purposes.

___________50. Conducting personal business during working hour.

___________51. Engaging in negative gossip about someone you work with.

___________52. Extending lunch/ snack breaks.

___________53. Showing initiative without being told.

___________54. Lying inside and outside the workplace.

___________55. Using foul language on co-workers in and out of the workplace.

Write LIE if the statement is FALSE; TRUTH if the statement is TRUE.

__________56. Ethics is a set of principles of conduct governing an individual or group.

__________57. Code of Ethics is a written statement of policies and principles that guides the
behavior of all employees or members of an organization.

__________58. Employees should obey only written work rules.

__________59. Ethical character traits include integrity, honesty, and justice.

__________60. To enhance the profits of the business continuously is the objective of the Code of
Ethics.

TEST IV:
CASE STUDY: Sarah-Matteo Wedding (20 points)

Sarah Geronimo and Matteo Guidicelli had a “secret

marriage,” as the media described it, last February 20,
2020 at the Victory Christian Fellowship Church, followed
by a “secret” post-marriage dinner with Matteo’s family
and very close friends (including Swatch Lady Virgie
Ramos who reportedly reserved the venue) at the Ministry
of Crab restaurant in Shangri-La at the Fort, BGC.
However, Atty. Romy Macalintal asserts that there is no
such thing as ‘secret marriage’ because a marriage cannot be celebrated without at least two witnesses
and the person authorized to solemnize it. Hence, the Sarah-Matteo marriage cannot be secret because
of the presence of those witnesses aside from some friends or relatives who might have been invited
to attend the ceremony. He added that it might be “secret” to the parents of the bride (Divine and Delfin)
but not to the entire world. It is a common knowledge that Sarah’s parents are against Matteo (and all
the other actors linked to her before). Was Sarah’s decision to marry Matteo, morally right? Did she
disobey her parents? In Ephesians 6: 1-3 it says, “Children, obey your parents in the Lord, for this is
right. Honor your father and mother, which is the first commandment with promise: that it may be well
with you and you may live long on earth.”

If you were Sarah, whom do you follow? Your heart or the law of God?
Explain your answer in an essay form. Rubric is provided.