WESTERN CAGAYAN SCHOOL OF ARTS & TRADES

Centro 03, Lasam, Cagayan

SENIOR HIGH SCHOOL

Business Ethics and Social Responsibility

Midterm Examination
2nd Semester S.Y. 2019-2020
I. MULTIPLE CHOICE. Choose the letter that corresponds to the correct answer. Write
your answers on a separate sheet of paper.
1. This is a form of business organization defined as the business unit where the manager is also
the owner. This is also considered as the simplest form of business organization.
a. Sole Proprietorship b. Partnership c. Corporation d.
Cooperative
2. This is an artificial being created by operation of law, having the right of succession, and the
powers, attributes, and properties expressly authorized by law or incident to its exercise.
a. Sole Proprietorship b. Partnership c. Corporation d.
Cooperative
3. What do you call the person/s who form/s a partnership form of organization?
a. Proprietor b. Stockholder c. Partners d. members
4. Which of the following is NOT an advantage of a sole proprietorship?
a. Ease of Ownership c. establishing and operating your business is
simple
b. you keep all the profits d. Unlimited liability
5. Which of the following is NOT an example of a sole proprietorship business?
a. Avenue Hardware b. Vulcanizing Shop c. SM Megamall d. Sari Sari Store
6. Which of the following is an example of a partnership form of business?
a. SGV & Company b. Lasam District Hospital c. Robinsons Mall d. 7-Eleven
7. What agency of the government regulates and supervises cooperatives?
a. Cooperative Development Association
b. Cooperative District Authority
c. Cooperative Development Authority
d. Cooperative Management Authority
8. Which of the following is a manifestation that Business institution is a significant factor in the
improvement of living?
a. Every year, thousands of Filipino graduates dream of entering the workforce.
b. Through the Corporate Social Responsibility (CSR) activities, more basic goods are
extended to the less fortunate.
c. Business enhances entrepreneurial ability.
d. Electricity, Appliances, modern gadgets, internet facilities, transportation we use today
are products of business activities and operations.
9. Which of the following best manifest that business helps the government and other social
agencies in responding to the basic needs of Filipinos ?
a. Every year, thousands of Filipino graduates dream of entering the workforce.
b. Through the Corporate Social Responsibility (CSR) activities, more basic goods are
extended to the less fortunate.
c. Business enhances entrepreneurial ability.
d. Electricity, Appliances, modern gadgets, internet facilities, transportation we use today
are products of business activities and operations.
10. Which of the following best manifest that the different forms of business organizations are also
the major players in creating employment?
a. Every year, thousands of Filipino graduates dream of entering the workforce.
b. Filipinos are motivated to create new ideas, to launch novel products, and to improve the
quality of goods and services.
c. Business is also a powerful institution that can challenge and change the common
practices of a particular society.
d. The business institution undeniably harness and improves nature almost to perfection.
11. This is the ability of the receiver to have full access to the information he wants, not just the
information the sender is willing to provide.
a. Transparency b. Fairness c. Accountability d. Protocol
12. Which of the following bill of the government supports transparency?
a. RH Bill b. SOGIE Bill c. FOI Bill d. Cybercrime Prevention
13. This is the acknowledgement and assumption of responsibility.
a. Transparency b. Fairness c. Accountability d. Protocol
14. This is formal behaviour that shows respect and is correct for a particular situation, especially a
formal occasion.
a. Protocol b. Decorum c. policies d. fairness
15. This is a course or principle of action adopted or proposed by a government, party, business, or
individual.
a. Protocol b. Decorum c. policies d. fairness

16. This is a system of rules about the correct way to behave on an official occasion
a. Protocol b. Decorum c. policies d. fairness
 17. This is the amount that permits the recipient workers to live in a manner consistent with his
position in society.
a. Just wage b. Conflict of Interest c. Bribery d. Kickbacks

18. This is the giving of something of value to a person in a position of trust who in turn violates
his/her duty or the law in order to benefit the giver.

a. Just wage b. Conflict of Interest c. Bribery d. Kickbacks

19. This arise when an employee who is duty bound to protect and promote the interest of his
employer violates this obligation by getting himself into a situation or actuation is influenced by
what he can gain personally from it rather than what his employer can gain.
a. Just wage b. Conflict of Interest c. Bribery d. Kickbacks

20. Who among the following Philosophers developed the process of intellectual inquiry based on
dialectic dialogue. In this process questions are asked and answered in an attempt to arrive at
universal truths.

a. Socrates b. Plato c. Aristotle d. Confucius

21. He is known for developing the Thoery of forms, The true essence of material objects exists in
another non-material realm.
a. Socrates b. Plato c. Aristotle d. No Confucius ne of the
above
22. He believes that the highest function of the human soul is to achieve of the form of the good.
a. Socrates b. Plato c. Aristotle d. Confucius

23. His ideas centered around matter and motion

a. Socrates b. Plato c. Aristotle d. Confucius

24. This is the oldest among the major religions of the world. It has neither a single and specific
human founder nor a specific historical beginning.
a. Buddhism b. Hinduism c. Christianity d. Judaism
25. This religious belief can be understood as a reaction against the complex rituals and the caste
system of Hinduism.
a. Buddhism b. Islam c. Confucianism d. Judaism
26. Strictly speaking, this is not a religion. It is more of a body of Philosophical teachings. It is widely
considered as an ethical system and thus mainly seen as a way of life.
a. Buddhism b. Islam c. Confucianism d. Judaism
27. This is the world’s largest religion.
a. Buddhism b. Hinduism c. Christianity d. Judaism
28. This literally means “submission to God”.
a. Buddhism b. Islam c. Confucianism d. Judaism
29. This is the oldest among m onotheistic religions. It is founded on two main sources, the
written torah and the oral torah.
a. Buddhism b. Hinduism c. Christianity d. Judaism
30. This means that one should realize the importance of meditation in order to gain deeper
insights.
a. Right Concentration b. Right Mindfulness c. Right effort d. Right Livelihood

31. This is the feeling of obligation to repay someone who extended assistance to another which
may take place in
undetermined and in whatever way.
a. Utang na loob b. MaÑana habit c. Bahala na Attitude d. Padrino System
32. A Filipino trait characterized retreating or withdrawal from certain undertaking to God to
interfere
and determine the outcome of his needs.
a. Utang na loob b. MaÑana habit c. Bahala na Attitude d. Padrino System
33. Delaying or setting aside a certain task assigned on the next day although it can be done today.
a. Utang na loob b. MaÑana habit c. Bahala na Attitude d. Padrino System
34. A Filipino trait wherein one gains favor, promotion, or political appointment through family
affiliation
or friendship, as opposed to one's merit.
a. Utang na loob b. MaÑana habit c. Bahala na Attitude d. Padrino System
35. Which of the following best manifest an advantage of a SUKI System?

a. Filipinos are not overly fond of saying “no” and Filipinos are not overly fond of saying “no”
and
day might not actually pan out
b. Reduced efficiency
c. Damaged reputation
d. Loyal Customers keep on returning getting the best price.

36. The following are disadvantages of Manana Habit EXCEPT

a. Reduced efficiency
 b. Damaged reputation
c. Missed opportunities
d. loyal customers

37. Nepotism is the hiring of family members despite of their qualifications, what could be the
disadvantage
of this?
a. Entitled employees just because they are relatives of the business owner.
b. Close family ties is observed.
c. Family members are trained on how to manage the business.
d. Family members who can help the company through their expertise.
38. Which of the following is true about Utang na Loob?
a. Obligation and responsibility are often viewed in terms of reciprocity
b. An obligation to appropriately repay a person who has done
c. Utang na loob thus goes much deeper than ordinary debt or even the western concept of owing
a
favor.
d. All of the above
TRUE or FALSE. Write “TRUE’ if the statement is correct and write “FALSE” if the statement is
wrong.
39. Corporation is the most complex form of business organization and it has also a separate legal identity.
40. The belief of Plato that ideal society is one ruled by just philosopher – king, is a contrary to the idea of
democracy.
41. Buddhism puts high value on spiritual liberation over material well-being. Thus, profit as a purpose of
business
must be seen in a larger context of being simply a means rather than an end in itself.
42. In Jewish thought, neither selfless love nor selfish love ids seen as ideal. Applying this to the conduct of
business, the businessperson must strike balance between gaining profit as a manifestation of love
toward the self and his or her family and the sharing of profit as a manifestation of love toward the
other member of the society.
43. Utang na Loob may be good or bad for business depending on a lot of considerations, but it affects
the way business s conducted especially when the business person is confronted with ethical issue.
44. Filipinos usually say “Bahala na” when they are unable to decide their next course of action or when
they have no idea what will happen next. They say this phrase as if all they want is to go
with the
flow, not minding what the outcome might be.

ESSAY. Answer the following questions in 3-5 sentences.

45-46. According to Paul F. Camenisch, The Primacy of Business is Social Function. Explain.
47. Why is Cooperative sometimes NOT considered as a business organization?
48. Explain how Businesses create employment.
49. How can we observe transparency in a school?
50. Ana is a supply/purchase officer of a government agency. She procures office supplies from Addilyne’s
Office supplies because Addilyne’s gives her 10% incentive from the total purchases. Canvasses show that
Addilyne’s Office Supplies has the lowest price in the locality. Can we consider this as a form of corruption
Why or why not?
51. Does the “No NOON BREAK” Policy of business establishments and government agencies violate the right of
employees to eat their lunch? Why or why not?

52-53. According to Socrates, “Wealth does not bring goodness, but goodness brings wealth and every other blessing,
both to the individual and to the state”,how can we relate this to business?

54-56. You are planning to put up a business in Mindanao, products should you least consider and why?

57-58. “Close Family Ties” is a positive Filipino values, how can this be a disadvantage to a business establishment?

59-60. Extra sensitivity or “Balat Sibuyas” is a negative Filipino Value, How can this be a disadvantage in a business?
Provide concrete examples in sales.

Prepared by: Checked and Approved by:

IAN CRIS J. VINOYA EMELITA P. COLLADO

Subject Teacher Principal II