Republic of the Philippines

Department of Education
Schools Division of Marinduque
MARINDUQUE NATIONAL HIGH SCHOOL- SENIOR HIGH SCHOOL

BUSINESS ETHICS
2nd Semester- Quarter 3
SY: 2021-2022
SUMMATIVE TEST

Name: _______________________ Teacher: _____________________

Section: ______________________ Score: _______________________

IDENTIFICATION: Direction: Identify the terms being describe and write your answer on the
space provided before the number.

__________________ 1. Filipino Value System that respect for one’s parents, elders, and
ancestors.

__________________ 2. A Filipino values influence business practices that pertains to the belief
of practice that it is alright to postpone work or finishing tasks to another day. Instead of
finishing the task at hand, one opts to rest or engage in leisurely activity.

__________________ 3. is an arrangement between two or more parties (often established

businesses) who have agreed to combine their resources in order to accomplish a specific project.

__________________ 4. create employment opportunities and provide the benefits of ownership

to members.

__________________ 5. business ethics are based on Al-qur’an and Hadits.

__________________ 6. They believe that “There is one God. Souls are reborn. The goal is to
achieve union with God, which a person does by acting selflessly, meditating and helping others.

__________________ 7. is a process that seeks to identify both the social and the economic
needs within a community, and seek to create strategies that will address those needs in ways
that are practical and int he best interests of the community over the long run.

__________________ 8. Role of a Partnership that businesses are designed to serve a particular

need that people have, and to provide trusted goods and services related to that need.

__________________ 9. “Doing more and better with less” increasing net welfare gains from
economic activities by reducing resource use, degradation, and pollution along the whole life
cycle of the corporation, while increasing quality of life, is what role of a cooperative.

__________________ 10. emphasized personal and governmental morality, correctness of social

relationship, justice, kindness, and sincerity.

__________________ 11. makes the most ethical actions possible for the benefits of the people.

__________________ 12. The word happiness in the ethics is translate in greek term as.

__________________ 13. is the ability to account for your actions and performance to your
stakeholders.

__________________ 14. is when a person is responsible fro taking care of something on behalf
of another.
__________________ 15. adopted by organizations to assist members in understanding the
difference between “right” and “wrong” and in applying that understanding to their decisions.

__________________ 16. Ethics is an philosophical term derived from the greek word ______.

__________________ 17. Filipino values that initial show of enthusiasm over a project during
its beginning and the waning of this interest over the project over time.

__________________ 18. is a business owned by only one person. It is the simplest form of
business organization.

__________________ 19. are formed by business to purchases supplies or obtain services at a

lower cost.

__________________ 20-23. Four key dimensions of integrity capacity

__________________ 21.

__________________ 22.

__________________ 23.

__________________ 24. They believe that “People reach enlighten, or wisdom, by following
the Eight-fold Path and understanding the Four Noble Truths.

__________________ 25. provide employment, pay local taxes, respond to production and
consumption.

__________________ 26. in the context of a business of organization involves balance of the

interest involved in all decision-making including any decisions related to hiring, firing
(including the investigation process), and the compensation and rewards.

__________________ 27. is an arrangement between two or more parties (often established

businesses) who have agreed to combine their resources to accomplish a specific projects. This
arrangement remains valid until the completion of a project or a certain period elapse.

__________________ 28. LLS stand for.

__________________ 29. He was an English philosopher and political radical. He is primarily

known today for is moral philosophy, especially his principles of consequences.

__________________ 30-32. Three forms of partnerships:

__________________ 31.

__________________ 32.

__________________ 33. is the extent to which investors have already access to required
financial information about company, such as price levels, market depth and audited financial
reports.

__________________ 34. a distinct Filipino values system which is rooted primarily in personal
alliance systems based on commercial relationships.

__________________ 35. requires two or more individuals agreeing to start a business where
one or more of the partners are liable only for the amount they have invested.

__________________ 36. The believe that the bible is the guidelines of business ethics.
__________________ 37. this code which is to avoid any actual conflicts of interest between
your private interest, or either your family member and the interest of the company.

__________________ 38. is defined by the way of people live their family as an influence of
one’s culture and be able to value the different Filipino value system, its influences in business.

__________________ 39. an act of any partner is binding on all other partners, so long as the act
appears to be appropriate for the partnership.

__________________ 40. MARELCO is what form of business?

__________________ 41. In this code we must adhere and comply with all the legal terms, laws
and regulations given by the government in which all organizations must fairly comply.

__________________ 42. is a principle used when a person does not know what to accomplish
or is too slothful to do anything at all.

__________________ 43. is a business organization that has a separate legal personality from its
owners.

__________________ 44. it is the set of moral principles or values that may be general or
professional. It tells us what is right or wrong in business situation.

__________________ 45. it is the set of procedures designed to ensure that the company is
manage din the interest of the shareholders.

__________________ 46. breaches the code and given a failure or zero mark performance or
either a sanction of termination depending on the severity of the malpractice done by the
employee.

__________________ 47. Role of a corporation to pays higher salaries and wages to employees
which makes them stay in the company until they retire.

__________________ 48. Jollibee is what form of business?

__________________ 49. He concludes that the role of the leader is to create the environment
in which all members of an organization can realize their own potential.

__________________ 50. A business owned by the two or more people, with a maximum of 20
owners, who have agreed to share all assets, liabilities, profits, and losses of a company.

__________________ 51. He say “Good people do not need laws to tell them to act responsibly,
while bad people will find a way around the laws”

__________________ 52. It is set of principles or tenets which together form the basis of a
religion, philosophy, or moral code.

__________________ 53. They believed that There is one God. People serve God by living
according to his teachings. God handed down the Ten Commandments to guide human
behaviour.

__________________ 54. Aling Nena’s Sari sari store is what form of business?

__________________ 55. BONUS

*********** GOOD LUCK **********

Prepared by:

Jeffrey M. Linga Elaine Monta

Subject Teacher Subject Teacher

Believe in yourself and all that you are. Know that there is something inside you that is greater
that any obstacle.
-Christian D. Larson

_____________________________________________________________________________________
BUSINESS ETHICS ANSWER KEY:

1. Filial Piety
2. Manana Habit (Procrastination)
3. Joint Venture
4. Worker Cooperative
5. Islamic Business Ethics
6. Sikhism
7. Socio-economic development
8. Produce of Goods and Services
9. Respond to production and consumption
10. The Philosophy of Confusion or Confucianism
11. Act of Utilitarianism
12. Eudaimonia
13. Accountability
14. Stewarship
15. Code of Ethics or Ethical Codes
16. Ethos
17. Ningas Cogon (flame blaze/combustion)
18. Sole Proprietorship
19. Business Cooperatives
20. - 23.
Process
Judgment
Development
System Dimensions
24. Buddhism
25. Cooperative
26. Fairness
27. Joint Venture
28. Limited Liability Company
29. Jeremy Bentham
30. - 32.
General Partnership
Limited Partnership
Joint Ventures
33. Transparency
34. Suki System (Loyal Customer)
35. Limited Partnership
36. Christian Business Ethics
37. Conflicts of Interest
38. Filipino Values System
39. Mutual Agency
40. Cooperative
41. Compliance
42. Bahala na (Trust in God)
43. Corporation
44. Business Ethics
45. Corporate Governance
46. Violation of the code of ethics and code of conduct
47. Offer better jobs in terms of compensation ans stability
48. Corporation
49. Aristotle
50. General Partnership
51. Plato
52. Belief System
53. Judaism
54. Sole Proprietorship
55. Bonus