St.

Matthew Academy of Cavite

“A Christ Centered School”
PRELIMINARY EXAM
BUSINESS ETHICS AND SOCIAL RESPONSIBILITIES
NAME: Jularbal, Alissa May M. GR.& SEC. ABM 12-A

PART 1
1. An activity that is part and parcel of human society. BUSINESS

2. Is the difference between the amount earned and the amount spent in buying, operating, or producing
something. PROFIT

3. Type of business that provide services rather than products to customers. SERVICE BUSINESS

4.Type of business that sells product they purchase from other business to customers. MERCHANDISING
BUSINESS

5.Type of business that change basic inputs into products that are sold to customers. MANUFACTURING
BUSINESS

6. Total undivided authority, low organizational cost and license fee are advantages of what form of
business organization? SOLE PROPRIETORSHIP

7 A form of business organization whose entity is created by law that is separate and distinct from its
owners. CORPORATION

8. The first step in forming a corporation is to file an application of incorporation with the government
that is done through. SECURITY AND EXCHANGE COMMISSION

9. The standards of conduct by which one’s actions are judged. ACCOUNTABILITY

10. The only social responsibility of business is to increase its profits. EARNING A PROFIT

11. The state shall protect consumer from misleading advertisements and fraudulent sales promotion
practices. DECEPTIVE ADS

12. Is an act for an employee or former employee of disclosing what he believes to be unethical or illegal
behavior to higher management to an external authority or t public. WHISTLE BLOWING

13. Is characterized as the buying or selling of shares of stock on the basis of information INSIDER
TRADING

14. Whistle blowing is taken from, the perspective of. DUTY AND RIGHT THEORY

15. A decree instituting a labor code thereby revising and consolidating labor and social laws to afford
protection to labor, promote employment and human. DERCREE NO. 442 LABOR CODE OF THE
PHILIPPINES

16. Is the ability to account for your actions and performance to your stakeholders. ACCOUNTABILITY
STRUCTURE

17. Encompass the ability to apply specialized knowledge or expertise. TECHNICAL SKILLS

18. It is the quality of making judgment are free from discrimination. FAIRNESS

19. The ability to understand, communicate with, motivate, and support other people, both individually and
in groups. HUMAN SKILLS
 20. It is essential in building families, and through families, in strengthening civil societies. It has become
increasingly popular word in recent times. TRANSPARENCY

21. Are the skills and the mental ability that managers must have to analyze and diagnose complex
situations. CONCEPTUAL SKILLS

22. In order to connect and interact effectively and respectfully with people and stakeholders from
various background diverse cultures and with different interests inside and outside the organization,
working professionals needs to have. RELATIONAL INTELLIGENCE

Part 2
Advantages of sole proprietorship

23. Total Undivided authority

24. No restrictions on type of business (as long as its legal)

Disadvantages of partnership

25. Unlimited liability

26. Difficulty of ownership transfer

Characteristics that distinguish a corporation from proprietorships and partnership

27. The corporation has continuous life

28. Ability to obtain capital

29. Transferable ownership right

30. The corporation must pay an income tax on its earnings, and the stockholders are required to pay
taxes on the dividends they receive.

4 levels of responsibility in a business organization

31. Discretionary responsibility

32. Legal responsibility

33. Unethical responsibility

34. Earning a profit

Accountability is

35. To be accountable is to be liable to explain or justify one’s actions and decisions.

36. Accountability implies responsibility

37. is the ability to account for your actions and performance to

your stakeholders.

Accountability is not

38. It does not imply a management relation

39. Is not synonymous in responsibility

40. It is not about confrontation

Essay. What is the impact of women in organizations?

41-50

Women is good with communication skills or let’s say all women is born with a soft skill. Women have
a huge impact to organizations, the women's participation on management teams have a significant impact
on organizational social motives and outcomes. Companies with more women in leadership positions are
believed to have done a pretty good job of recruiting quality executives from the entire available resource
stream, and will thus be better able to interact with consumers, employees, and other constituents.
Women's management styles are more effective at promoting work / life balance, environmental
sustainability, and team participation. Organizations with a greater percentage of women on their
companies are much more inclined to grant to charity than firms with a lower proportion of female board
members. All of the things that men can do, can be also practiced and proven by women also. Women can
bring success to an organization, because of our communication skills which is a need to every business
firm. Women executives will bring talents, multiple perspectives, and innovative solutions to the table, so
when these three factors are combined, they will help develop new perceptions that will lead to better
business decision-making. And the patience that women has, gives a huge impact in organizations.