Oroquieta City
SENIOR HIGH SCHOOL DEPARTMENT
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
Summative Test
August __, 2019
B. Identify the following statements as to what type of Economic System (Capitalism, Communism, or Socialism) it
pertains to. Write your answer on the blank provided before the number. (1 point each)
_______________________1. Businesses are owned and operated by individuals and corporations.
_______________________2. There is no competition as the government owns and operates businesses.
_______________________3. Profits go to the government.
_______________________4. Many people work in the government, with some options in choosing a career.
_______________________5. Competition is encouraged by market forces and government regulations.
II. ODD ONE OUT. You are given three choices, two of them have something in common and the other one is different
(odd one out). Box the letter of the item that is the odd one out. (1 point each)
1. A. Abusive behavior 6. A. Observable Culture
B. Conflict of Interest B. Shared Values
C. Character C. Code of Ethics
III. MULTIPLE CHOICE. Encircle the letter of your answer. (1 point each)
1. It teaches that no one person’s welfare is more worthy than any others and thus ethical acts and choices should be
acceptable and reasonable form all relevant points of view.
A. Social Perspective B. Ethics Perspective C. Value Perspective
2. It describes how a society distributes its resources to produce goods and services.
A. Capitalism System B. Economic System C. Socialism System
3. It has evolved to accommodate global inputs in trade, market, and processes.
A. Capital Environment B. Social Environment C. Economic Environment
4. It has pushed organizations to explore more aspects of the business at a faster rate.
A. Technological Environment B. Economic Environment C. Socialism Environment
5. Resources, which include natural, human, and financial resources
A. Factors of Production B. Challenge of Production C. Decisions in Production
6. These are decisions that are described to be unique, nonrecurring and need custom-made decisions.
A. Economic Environment B. Technological Environment C. Government and Legal
Environments
7. This focuses on following rules, laws, policies, and regulations as the primary responsibility of ethics.
A. Compliance-based Culture B. Values-based Culture C. Tradition-based Culture
8. Reinforces a particular set of values rather than a particular set of rules
A. Compliance-based Culture B. Values-based Culture C. Tradition-based Culture
9. The character traits that would constitute a good and meaningful life
A. Ethics B. Virtues C. Virtue Ethics
10. Molding cultures in consideration of justice, public policy, law, civic virtues, organizational structure, and political
philosophy
A. Social Virtues B. Virtue Ethics C. Social Ethics
IV. MODIFIED TRUE OR FALSE A. Determine if the statement is correct. If it is correct, write TRUE on the space provided.
If false, look for the answer on the box and write it on the space provided before the
number to replace the underlined word/words. (1 point each)
A. Law D. Ethical Issue H. Corporate Culture
B. Ethics E. Shared Values I. Ethical Values
C. Utilitarianism F. Personal Integrity J. Free Enterprise System
_______________________1. Decisions made in every aspect of the company must consider ethics, remembering the
greater good and doing what is morally right.
_______________________2. Leaders and managers are responsible for the creation of corporate culture.
_______________________3. Ethical business leadership provides an environment that creates circumstances where
good people are able to do good deeds and bad people are prevented from doing bad
decisions and actions.
_______________________4. Personal integrity is a business environment created by an organization to foster a common
understanding of what the company advocates.
_______________________5. Ethics govern a country, and the citizens are expected to follow what the laws require,
expect, or permit.
Trust in the Lord your God and lean not on your own understanding. God bless!
- CPL