1) A system of moral principles or rules of conduct relating to human behavior a) ethical dilemmas b) reputation c) guilt d) Code of Ethics 2) Truthfulness, sincerity, or frankness. a) values b) honesty c) trust d) Code of Ethics 3) Lacking moral principles a) ethical dilemmas b) values c) unethical d) reputation 4) Jason figured out his teacher’s password to unlock her electronic grade-book. What is the ethically correct thing for him to do?  a) Tell the teacher so she may change it. b) Give the password to all the other students. c) Keep it to himself, if someone else figures out the password it is not his problem. d) Use the password to change his grades. 5) ______ are principles of morality or rules of conduct. a) customs b) cultures c) traditions d) ethics 6) Jeth, the manager of ABC company, hires his wife’s young nephew instead of hiring a more qualified applicant. This is ________. a) disclosure b) confidentiality of information c) conflict of interest d) compliance 7) What is not something you ask yourself when faced with an ethical dilemma? a) Is it legal? Will I go to jail? b) Is it against school/company policy? c) What's in it for me? d) How will others be affected by my actions? 8) What is not considered unethical business practice? a) Treating employees unfairly b) Selling substandard products. c) Training employees right out of school. d) Lying about a price to make a bigger profit. 9) How might an employer treat an employee fairly? a) Provide good training b) Offer less than the average pay for the job c) Encourage the employee to leave the company d) Ask the employee to do another’s work 10) Which is NOT a consequence of unethical business practices? a) Losing repeat business b) Having a well-trained employee c) Being fined by the Government d) Losing employees 11) The only social responsibility that businesses have is to focus on how business decisions affect the company's operation. a) True b) False 12) _____________ is the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its social environment. a) business ethics b) customs c) traditions d) social responsibility 13) Businesses do not have to provide opportunities to balance work and life pressures and preferences. a) true b) false 14) Do businesses have a responsibility to the environment? a) yes b) no 15) Price gouging during a natural disaster is a(n) ______ act. a) unethical b) practical c) ethical d) impractical 16) It is a technique of reciprocity of debt of gratitude to others within the family circle or primary group, sometimes unlimited in nature, emotional rather than financial or rational. a) filial piety b) padrino suki c) utang na loob d) amor propio 17) One of the Filipino values which is used to indicate procrastination – the action of delaying or postponing something. a) padrino suki b) mañana habit c) utang na loob d) amor propio 18) One of the Filipino values in which we are taught to become respectful individuals. This is mainly due to the influence of Christianity that tells us to honor both our parents and our elders. a) filial piety b) padrino suki c) utang na loob d) amor propio 19) “Dare to disagree” this is a classical philosophy of ___________. a) Plato b) Socrates c) Aristotle d) Confucius 20) The Golden Rule is a well-known principle of ___________. a) Plato b) Socrates c) Aristotle d) Confucius 21) It is one of the Filipino values wherein ______ is a phrase Filipinos use most often. It can mean "living it all up to God", "come what may", "whatever will be will be", and the list goes on. a) filial piety b) padrino suki c) bahala na d) none of these are correct 22) What can entrepreneurs learn from Socrates? a) Socratic Method is a way of thinking that allows individuals to define their own purpose for learning and explore this purpose through open-minded questioning of what they hold to be true. b) Entrepreneurs can find value in Socratic Method because they, too, are bombarded by assumptions based on what others and they themselves believe to be the best plan of action for pursuing a business idea. c) Entrepreneurial Learning or the acquisition of knowledge necessary for creating a business venture is built around the constant questioning and testing of these assumptions theories about what we hold to be true for validity. d) All of the above. 23) Some Filipino values can be integrated and promoted in business practices and some should be avoided to prevent problems. a) true b) false 24) Governments and organizations need to build the best systems to let humans fulfil their natural drives. a) false b) true 25) In creating a business policy and business practices, always make it simple and understandable to all employees. a) yes b) no

Business Ethics (Action Plan in Assisting Small Businesses in Practicing Ethics and Social Responsibilty

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