BUSINESS ETHICS BUSINESS ETHICS

QUIZ NO.2 QUIZ NO.2

Name: ______________________________________ Name: ______________________________________

Grade and Section: ___________________________ Grade and Section: ___________________________
1. What does the acronym CSR stand for? 1. What does the acronym CSR stand for?
A. Corporate Search and Rescue A. Corporate Search and Rescue
B. Corporate Social Responsibility B. Corporate Social Responsibility
C. Corporate Sensitive Reliability C. Corporate Sensitive Reliability
D. Corporate Social Reality D. Corporate Social Reality
2. Entrepreneurs have the responsibility to pay for the agreed prices with the 2. Entrepreneurs have the responsibility to pay for the agreed prices with the
suppliers. suppliers.
A. Give Guarantee of Minimum Price A. Give Guarantee of Minimum Price
B. Humane Behavior towards employees B. Humane Behavior towards employees
C. Pay Fair Prices of Goods at a reasonable time C. Pay Fair Prices of Goods at a reasonable time
D. Sensible and Attractive Salary D. Sensible and Attractive Salary
3. The entrepreneurs should give the assurance of lowest prices to the suppliers so that 3. The entrepreneurs should give the assurance of lowest prices to the suppliers so that
the certainty of the price will be sustained. the certainty of the price will be sustained.
A. Give Guarantee of Minimum Price A. Give Guarantee of Minimum Price
B. Humane Behavior towards employees B. Humane Behavior towards employees
C. Pay Fair Prices of Goods at a reasonable time C. Pay Fair Prices of Goods at a reasonable time
D. Sensible and Attractive Salary D. Sensible and Attractive Salary
4. Any unhealthy and hostile competitions among suppliers should not be allowed by the 4. Any unhealthy and hostile competitions among suppliers should not be allowed by the
entrepreneur. entrepreneur.
A. Provide Best Working Environments A. Provide Best Working Environments
B. Assumption of Welfare Arrangements B. Assumption of Welfare Arrangements
C. Pay Fair Prices of Goods at a reasonable time C. Pay Fair Prices of Goods at a reasonable time
D. Promote Healthy Competition D. Promote Healthy Competition
5. The following statements are responsibilities of entrepreneurs towards suppliers 5. The following statements are responsibilities of entrepreneurs towards suppliers
EXCEPT___________. EXCEPT___________.
A. Pay fair prices of goods. A. Pay fair prices of goods.
B. Promote healthy competition. B. Promote healthy competition.
C. Provide fair return of investment C. Provide fair return of investment
D. To inform about changes in the market D. To inform about changes in the market
6. Company XYY builds a relationship with society and the environment. What concept 6. Company XYY builds a relationship with society and the environment. What concept
best described the statement above? best described the statement above?
A. Environmental Responsibility B. Social and Environment Rights A. Environmental Responsibility B. Social and Environment Rights
C. Social and Environment Rights D. Social Responsibility C. Social and Environment Rights D. Social Responsibility
7. How do businessmen/women promote ethical behavior among customers? 7. How do businessmen/women promote ethical behavior among customers?
A. Avoid social actuations B. Develop a Code of Ethics A. Avoid social actuations B. Develop a Code of Ethics
C. Be thoughtful to others D. Report unethical actions C. Be thoughtful to others D. Report unethical actions
8. The following are group or stakeholders. Which should be EXCLUDED from the 8. The following are group or stakeholders. Which should be EXCLUDED from the
group? group?
 A. Customers B. Employees C. Managers D. Suppliers A. Customers B. Employees C. Managers D. Suppliers
9. Which of the following choices an entity that provide goods and services? 9. Which of the following choices an entity that provide goods and services?
A. Customers B. Consumers C. Suppliers D. Stakeholders A. Customers B. Consumers C. Suppliers D. Stakeholders
10. Which statement best describes social responsibility? 10. Which statement best describes social responsibility?
I. It refers to business ethics concept of being accountable for impacting society I. It refers to business ethics concept of being accountable for impacting society
and culture. and culture.
II. The obligation of an organization's management towards the welfare and II. The obligation of an organization's management towards the welfare and
interests of the society in which it operates. interests of the society in which it operates.

A. Statement I alone is SUFFICIENT to answer the question. A. Statement I alone is SUFFICIENT to answer the question.
B. Statement II alone is SUFFICIENT to answer the question B. Statement II alone is SUFFICIENT to answer the question
C. Statements I and II are SUFFICIENT to answer the question C. Statements I and II are SUFFICIENT to answer the question
D. Statements I and II are NOT SUFFICIENT to answer the question D. Statements I and II are NOT SUFFICIENT to answer the question
11. The following are responsibilities and accountabilities of entrepreneurs to its 11. The following are responsibilities and accountabilities of entrepreneurs to its
customers EXCEPT___________. customers EXCEPT___________.
A. Ensure quality products and services A. Ensure quality products and services
B. Honesty in advertising and promotion B. Honesty in advertising and promotion
C. Promote healthy competition C. Promote healthy competition
D. Provide free training D. Provide free training
12. Which among the government agencies below provide business protection? 12. Which among the government agencies below provide business protection?
A. Department of Labor and Employment A. Department of Labor and Employment
B. Department of Local Government B. Department of Local Government
C. Department of Trading Industry C. Department of Trading Industry
D. Department of Trade and Industry D. Department of Trade and Industry
13. What do you think is the utmost responsibility of a business organization? 13. What do you think is the utmost responsibility of a business organization?
A. Provide a clean, safe working environment A. Provide a clean, safe working environment
B. Provide jobs to the community B. Provide jobs to the community
C. Empower employees to make decisions on their own C. Empower employees to make decisions on their own
D. Provide technical advice D. Provide technical advice
14. The following statement are ethical consideration within business relationships 14. The following statement are ethical consideration within business relationships
EXCEPT… EXCEPT…
A. Communicating with customers A. Communicating with customers
B. Donating to local charities B. Donating to local charities
C. Obeying environmental laws C. Obeying environmental laws
D. Whistleblowing D. Whistleblowing
15. Which of the following rights gives consumers the freedom to review complete 15. Which of the following rights gives consumers the freedom to review complete
information about the products they are buying. information about the products they are buying.
A. right to choose A. right to choose
B. right to be informed B. right to be informed
C. right to be heard C. right to be heard
D. right to purchase D. right to purchase