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12 Questions

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Business Ethics Review Quiz

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Questions and Answers

What are the twin essentials of business according to the text?

Innovation and Sustainability

Responsibility and Obligation

Efficiency and Effectiveness

Profitability and Accountability (correct)

What is defined as a business unit where the manager is also the owner?

Partnership

Sole Proprietorship (correct)

Cooperative

Corporation

Who are considered the owners of a non-stock corporation?

Stock Holders

Members (correct)

Directors

Managers

What does the term 'ethics' refer to?

The investigation of human actions' rightness or wrongness Signup and view all the answers

What does 'morality' refer to?

The quality of rightness or wrongness of a particular action Signup and view all the answers

Which act promulgated in 1960 is known as 'An Act to Ordain a Cooperative Code of the Philippines'?

R.A. 6938 Signup and view all the answers

What does an entrepreneur do?

Shifts economic resources to areas of higher productivity Signup and view all the answers

How is a capitalist typically portrayed?

Greedy, unjust, manipulative, and selfish Signup and view all the answers

Milton Friedman gained fame for advocating what idea?

The social responsibility of businesses to increase profits Signup and view all the answers

True-blooded entrepreneurs differ from regular business persons in that they:

Actively contribute positively to society beyond capital investment Signup and view all the answers

Paul F. Camenisch published an essay on:

Getting to the heart of the matter in business ethics Signup and view all the answers

Henry Ford is famous for being:

The founder of a car manufacturing company Signup and view all the answers