Division of Northern Samar

Gamay 1 District
GAMAY NATIONAL HIGHSCHOOL
Gamay, Northern Samar
SENIOR HIGHSCHOOL DEPARTMENT

FINAL EXAMINATION
IN
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

Name of Learner:__________________________________ SCORE___________/50

Grade Level
/Strand:____________________________________Section:_____________Date:_________________

Test 1. Direction: MULTIPLE CHOICE: Read and analyze each statement below and choose the letter
that corresponds the correct answer.

1. It refers to the obligation to demonstrate that work has been conducted in compliance with
agreed rules and standards or to report fairly and accurately on performance results or plans of
an individual or an organization to account for its activities.

a. Responsibility b. Transparency
c. Accountability d. Fairness

2. What responsibility of an entrepreneur to pay their employees of their business atleast the
minimum hourly wage in their locality?

a. Pay wages/salaries b. Assignment of right jobs

c. Create and maintain an ergonomic workplace d. none of the above

3. What responsibility of an entrepreneur in which employees cannot be disadvantaged, dismissed

or not given employment for any mentioned?

a. Facilitate employees compensation insurance c. Train and educate employees

b. Support career development d. Enforce anti discrimination law

4. Reward employees fairly and attractively is one of the responsibilities of an entrepreneur to his
employees.

a. Respect human rights b. Give rewards and benefits

c. To give security and employment d. All of the above

 5. Kind of social responsibility that follows moral and ethical values to deal with all the stakeholders.

a. Ethical responsibility b. Legal responsibility

b. Philanthropic responsibility c. Economic responsibility

6. The most basic responsibility that maximizes the shareholders value by paying good return.

a. Economic responsibility b. Philanthropic responsibility

c. Ethical responsibility d. Legal responsibility

7. At the top the carols pyramid occupying the smallest space is?

a. Philanthropic b. Economic

c. Legal d. Ethical

8. The lowest level of the pyramid represents a business first responsibility which is to be profitable.

a. Philanthropic b. Ethical

c. Legal d. Economic

9. What are the importance of establishing and sustaining business enterprises.?

a. It can increase poverty b. More jobless and unemployment

c. There is an increase of force labor d. It can alleviate poverty

10. Who will benefit more in society responsible investment (SRI)?

a. The disadvantage population b. The advantage population

c. The elites d. All of the above

Test II- FILL IN THE BLANK: Direction: Read each statement and fill in the correct answer.

11. ______________________ The government imposes various types of taxes, like income tax, sales
tax, tariff duties and wealth tax on the entrepreneur and business for raising financial resources.

12. ______________________ Is an entity ( person) that extends credit by giving another entity
permission to borrow money intended to be repaid in the future

13. ______________________ It is the deterioration of the environment through depletion of resources

such as air, water and soil.

14. ______________________ Is the replacing of regular workers with temporary workers who receive
lower wages with no or fewer benefits.
15. ______________________ Initiatives involves improving the firms business operation while
participating in sustainable practices using new manufacturing process.

16. ______________________ Behavior of the firm that is expected by the society but not modified in
law.

17. ______________________ The second level of carrolls pyramid and the most important
responsibility out of four level.

18. ______________________ The lowest level of carrolls pyramid represents a business first
responsibility which is to be profitable.

19. _____________________ These enterprises contribute directly to a regions productivity and

earnings.

20. _____________________ We need modernization for the fast pace production and efficiency labor.

TEST III – MODIFIED TRUE OR FALSE :Direction: Write true if the statement is correct. If incorrect,
replace the underlined word to make the statement true.

21. Code of ethics should be written in broad idealistic terms to communicate the company ethical
vision, yet be succinct enough to be contained in a values statement.

22. Ethics is a prime concern in marketing and the areas of price, placement and promotion are no
exception.

23. Unfair competition is consists of dishonest and illegal activities perpetrated by individuals or
companies.

24. Sustainability is having residual income to cover your living expenses.

25.Financial Freedom is increasingly important in the business world.

TEST 1V – ESSAY

26-35 Ten years from now you already own business and in that span of time you’ve encountered
different ethical issues that can hinder the progress of your company. So as an entrepreneur, mention
two different unethical issues you have encountered and what are the detailed business policies and
practices you made to address it. (10pts)

36-45 Explain the carrolls pyramid of social responsibility. (10 pts)

46- How do large corporations can help during health crisis. ( 1pt)
TEST V – illustrate and name your dream business in the future. (47-50)

GOODLUCK AND GODBLESS!!!!

PREPARED BY:

LILIAN T. MENGULLO
SUBJECT TEACHER

CHECKED BY:

RENATO C. CASUCO
SENIOR HIGHSCHOOL DEPARTMENT HEAD

NOTED BY:

ZENAIDA A. AQUINO, HT-VI

SCHOOL HEAD