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MIDTERM (December)

Business Ethics (Grade 12)

Name: Grade : Date:

I. True or False.
1. Republic Act. No. 6727 is also known as the Wage Rationalization Act.
2. The Labor Code of the Philippines (or Presidential Decree No. 442)(a decree
instituting a labor code thereby revising and consolidating labor and social
laws to afford protection to labor, promote employment and human
resources development, and insure peace based on social justice.
3. Authentic and sustainable development means working at the real
solutions in order to eradicate or at least alleviate proverty.
4. Article 109 of the Consumer Act of the Philippines (Republic Act No. 7394)
declares that “The State shall protect the consumer from misleading
advertisements and fraudulent sales promotion practices.
5. Deceptive ads may occur not only through sentences or positions but also
through picture, individual or through certain combination of objects which
can deceive the eye and the mind.
II. Identification.
1. Those that makes false statements about or misrepresented the
2. Moral principles that guide the conduct of individuals.
3. An act, for an employee (or former employee) of disclosing what
he believes to be ethical or illegal behaviour to higher management or to an
external authority or the public.
4. Encompass the ability to apply specialized knowledge’s or
5. The ability to understand, communicate with, motivate and
support other people, both individually and in groups which defines human skills.
III. Essay.
1. Differentiate bribery from giving.
2. Define just wage in your own words?
3. Cite some examples of companies engaged in projects and activities geared
toward the promotion of the quality of life of people.
4. Discuss the business Role in Alleviation of Poverty.
5. Why accountability is important?
IV. Multiple Choice
1. Ethics are the students of conduct by which one’s actions are judged as
a. right or wrong c. fair or unfair
b. honest or dishonest d. all of these
2. The proprietorship form of business organization .
a. must have at least three owners in most states.
b. represents the largest number of businesses in the United States
c. combines the records of the business with the personal records of the
d. is characterized by a legal distinction between the business as an
economic unit and the owner.
3. The partnership form of business organization .
a. is a separate legal entity c. enjoys an unlimited life
b. is a common form of organization d. has limited liability
for service type business.
4. A business organized as a corporation
a. is not a separate legal entity in most states
b. requires the stockholders the personally liable for the debts of the
c. is owned by its stockholders
d. terminates when one of its original stockholders dies.
5. Which of the following is not an advantage of the corporate form of the
business organization?
a. limited liability of stockholders
b. transferability of ownership
c. unlimited personal liability for stockholders
d. unlimited life
Business Ethics (Grade 12)

Name: Grade : Date:

I. Multiple Choices.
1. What is the term which describes the opportunity of shareholders and
potential investors to openly observe companies financial transaction?
a. Code of Ethics c. Transparency
d. Social Audit d. Philanthropy
2. Which of the does transparency imply?
a. accountability c. communication
b. openness d. all of these answers
3. What does open communication allow?
a. opinions and ideas c. science, engineering, business and the
b. an excess of knowledge d. the possibility of self-correction
and group problem-solving.
4. It is sometimes difficult to determine in the moment what is ethical and what
is not because the idea of ethics is .
a. a dynamic concept c. a rigid concept
b. a fallacy d. an inappropriate guide
5. What is a corporate ethic code?
a. a seminar regarding business conduct
b. an agreement signed by employees stating that they will abide by the
company’s rules of conduct.
c. an exhortation in abroad, highly generalized language.
d. a detailed policy, containing specific behavioural requirements.
II. Matching Type.
1. Partnership a. The quality of making judgements that are free from
discrimination or free from bios.
2. Ethics b. A lack of honesty or integrity, using a position of trust or
authority to receive favours, often financial bribes.
3. Business c. Any person, company or other institution that owns at least
Ethics one share of a corporations’ stock.
4. Code of d. The obligation of a business to contribute to the well being
Ethics of a community.
5. Social e. It occurs when a person takes advantage of a situation or
Responsibility piece of information for his or her gain rather than for the
employers’ interests.
6. Shareholder f. A statement of rules for guiding the behaviour of
employees or members of an organization
7. Corruption g. Rules about how business and the organizational members
should behave
8. Trust h. Principles of morality or ruler of conduct.
9. Conflict of i. A business organization in which two or more individuals
Inherent manage and operate the business. Both owners are equally
and personally liable for the debts from the business.
10. Fairness j. The willingness of one person or group to have faith or
confidence in the goodwill of another person, even though
this parts them at risk.

III. Answer the following questions

1. Define the following terms.
a. Fairness e. competence
b. Justice f. professionalism
c. Accountability g. responsibility
d. transparency h. stewardship
2. What the basic skills needed in the workplace?
3. How can you be a good steward of your home, you school, your workplace and
the environment?
4. What is organizational diversity? What is the role of women in business
5. Define Philosophy.
3rd SEMESTER PRELIM (February)
Business Ethics (Grade 12)

Name: Grade : Date:

I. Identification
1. Concerned with reality and existence.
2. The principles of conduct governing individual or a group.
3. Raises questions about the nature of knowledge.
4. Key dimensions to epistemology.
5. Explores the nature of values.
6. Father of idealism.
7. Theologian of the 4th and 5th centuries.
8. A father of Realism.
9. God exists and can be known through faith and reason.
10. A kind of contemporary philosophies that appeared as a revolt
against the mathematical, scientific philosophies that preceded it.
II. Enumeration
1 – 2 Metaphysics can be subdivided into two categories
3 – 4 Two Kinds of Ethics
5 – 6 Philosophy comes the Two Greek words
III. Essay
1. What is business ethics
2. What relevance does ethics have to business?
3. Cite some examples of business ethics issues.
IV. Matching Type
1. Alexander the a. Revolt against mathematical and scientific
Great philosophies
2. Epicurus b. also known as experimentalism
3. Descartes c. w/ concept of logical positivism
4. Basis of the d. argue that ethical statements are meaningless
Philosophy of
5. Dualism e. believe that values are related to the environment in
which they are formed.
6. Virtues f. Famous leader whom Aristotle tutored
7. Consequentialism g. Holds that we ought to do whatever maximizes good
8. Psychological h. one of the greatest Presocratic philosophers who held
Realism that time and change are illusory
9. Ethical Relativists i. Philosopher who believed that the Gods had no
interest in humans
10. Logical Positivists j. Philosopher who used to argument “ I think, therefore
I am”
11. Thales k. Positive character traits
12. Darmeniches l. rejects the idea that our minds or mental states are
more fundamental than our bodies or physical state.
13. St. Augustine m. sought to unite Christian theology w/ Platonic
14. Rationalists n. sought to unite Christian w/ Arestotelian Philosophy
15. St. Thomas o. states that human actions are governed by self
Aquinas interest.
16. Plato p. Happiness was achieved by accepting whatever
happened whether good or bad.
17. Pragmatism q. the Greek thought of as the first western Philosopher
18. Existentialism r. Basic knowledge arises from reason
19. Analytic s. Student of Socrates
20. Aristotle t. Teleological
Final (December)
Business Ethics (Grade 12)

Name: Grade : Date:

I. Write the acronym of the following words.
1. PSE 6. SRI
2. PSEi 7. EOC
3. BPI 8. PRME
5. CSR 10. CEO
II. Identification. Write the correct answer on the space provided.
1. The activity of making, buying or selling goods or providing
services in exchange for money.
2. Means to be liable to explain or justify one’s action and decisions.
3. Refers to the principles about how business and the organizational
members should behave.
4. The possession of moral excellence and firmness.
5. A situation that has the potential to undermined the impartiality
of a person because of the possibility of a clash between the
person’s self-interest and professional interest or public interest.
6. The beliefs, customs arts, etc of a particular society, group, place
or time.
7. Dishonest or illegal behaviour especially by powerful people such
as government officials.
8. Moral principles that govern a person’s or group behaviour.
9. A non-profit, voluntary citizens group which is organized on a
local, national or international level.
10. The rules governing conduct by which an individual lives his or
her personal life.
III. Answer the following questions.
1. What is character formation? How important are these for Filipino human
development and economic progress?
2. How would you define sustainability? Explain, using illustration and
3. In your own words what is “Humanistic Approach”?

IV. Multiple Choice. Encircle the letter of the correct answer.

1. What does CSR stand for?
a. Companies’ Social Responsibility c. Corporate Social Revolution
b. Common Sense of Responsibility d. Corporate Social Responsibility
2. NGO stands for?
a. National Government Office c. National Government organization
b. Non-government Organization d. Not Granted Organization
3. Which of the following would not be considered an external stakeholder.
a. regulators c. customers
c. employees d. investors
4. What pioneer of modern day microcredit receives the Nobel Peace Prize in
a. Bill and Melinda Gate c. Muhammed Yunos
b. Bill Clinton d. Natalie Postmes
5. Owner of SM malls in the Philippines?
a. Manny Pacquiao c. Henry Sy
b. Henry Moore d. Benigno Aquino Jr.
IV. Essay
What are some of the strengths of Filipino character? And some weakness too.
What are the implications of these character strengths and weaknesses for doing
business and for business ethics?