BETHICS- QUIZ

0.0(0)
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/75

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

76 Terms

1
New cards

FALSE

The three major forms of business ownership are (1) sole proprietorships, (2) partnerships, and (3) cooperatives.

2
New cards

FALSE

Partnerships are the most common forms of business organizations.

3
New cards

FALSE

A small business owned by partners can only be set up as a sole proprietorship.

4
New cards

TRUE

The liability of stockholder is limited to his/her investment in the business.

5
New cards

TRUE

A corporation is a separate legal entity distinct from its owners.

6
New cards

FALSE

A sole proprietorship business is duly registered in securities and exchange commission.

7
New cards

TRUE

A partnership must have a written agreement.

8
New cards

FALSE

The corporation is the only legal form of business ownership.

9
New cards

TRUE

A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests.

10
New cards

TRUE

Partners are 'jointly and severally liable' for the firm's debts.

11
New cards

PARTNERSHIP

What form of business organization where two or more members share in the business?

12
New cards

SOLE PROPRIETORSHIP

What type of business ownership which is managed by one person who handles all the activities on a day-to day basis?

13
New cards

CORPORATION

What has a life of its own and does not dissolve upon the death or withdrawal of a shareholders?

14
New cards

A FORM OF BUSINESS ORGANIZATION WHERE TWO OR MORE PARTNER SHARE IN THE BUSINESS

Which of the following is not true of a corporation?

15
New cards

DECISION NEED AN APPROVA BY THE PARTNER

Which of the following is not a characteristic of sole proprietorship?

16
New cards

A MAN WHO OWNS AN OPERATES A LAUNDRY BUSINESS THAT IS DULY REGISTERED IN DTI

Which of the following businesses represents a sole proprietorship?

17
New cards

JOINTLY LIABLE FOR ALL THE DEBTS AND OBLIGATIONS OF THE PARTNERS

One advantage of operating a partnership would include the following except:

18
New cards

PARTNERS AGREE ON HOW DISPUTES WILL BE RESOLVED LEGALLY

The following is a disadvantage of partnership except;

19
New cards

CORPORATION

What Business entity is owned by many people shareholders/stockholders?

20
New cards

CORPORATION

What type of ownership does Jollibee, McDonald and SM belong?

21
New cards

ENTREPRENEUR

Who is the person who uses opportunities to organize and operate a business and who accepts the risk of operating a business?

22
New cards

DIVISION OF LABOR

What is the separation of task which allows an individual to be an expert in one thing in order to improve efficiency in society?

23
New cards

BUSINESS ORGANIZATION

What is a group of individuals systematically united for the accomplishment of a common purpose or undertaking for profit in any several ways allowed and regulated by law?

24
New cards

SERVE THE OVERSEAS FILIPINO WORKER

The following are the roles of business organization except?

25
New cards

COOPERATIVES

What is owned and controlled by all the members of the business?

26
New cards

FALSE

The Last type of harassment is quid pro quo involving an employer who asks an employee or applicant for sexual favor in return for employment or promotion.

27
New cards

TRUE

Policies and procedure establish rules of conduct within an organization. duties and responsibilities each employee must follow

28
New cards

FALSE

Equal opportunity sets employment example are dress code and workplace safety procedure.

29
New cards

TRUE

The Philippine labor code states that overtime work is required when the country is at war.

30
New cards

FALSE

Bribery occurs when an individual must choose between promoting personal interest and avoiding such actions.

31
New cards

TRUE

Good corporate governance is the main factor that determines the integrity of the company.

32
New cards

FALSE

Customer are interested in the fair compensation for work and proper safe workplace.

33
New cards

EMPLOYEE CONDUCT, EQUAL OPPORTUNITY, ATTENDANCE AND TIME OFF

What are the common practices in business organization?

34
New cards

CORPORATE GOVERNANCE

What is a system of rules, practices and processes by which a firm is directed and controlled

35
New cards

CUSTOMER

Who among the stakeholders that are interested in the good value of products and services?

36
New cards

TRANSPARENCY

What is the openness and willingness by the company timely information that Accurately reflects the financial situation, performance, ownership and corporate governance to provide clear, factual and of the company?

37
New cards

GOVERNMENT

What type of stakeholders that are interest in the legal and ethical governance?

38
New cards

ATTENDANCE AND TIME OFF

What common practices in business organization that outline the employee's responsibility to adhere to work schedule but also define how employee may schedule leaves or absences?

39
New cards

BUSINESS OWNER, CUSTOMERS, MANAGEMENT AD EMPLOYEES , SUPPLIERS, INVESTORS, GOVERNMENT, COMMUNITY

The stakeholders

40
New cards

FAIRNESS

What type of core principles of good corporate governance that require balancing the interest of different stakeholder?

41
New cards

NON-COMPETITION

The following are the example of employee conduct except?

42
New cards

CUSTOMER

Which of the following is not considered a key player in corporate governance?

43
New cards

CORPORATE GOVERNANCE

The system by which business are controlled?

44
New cards

BOARD OF DIRECTORS

A group of individuals who oversee governance of an organization?

45
New cards

FINANCE AND ACCOUNTING

Which of the following is not one of the underlying principles of good corporate governance?

46
New cards

CINFLICT OF INTEREST

What occurs when an individual must choose between promoting personal interest and avoiding such actions?

47
New cards

A PERSON WORKING FOR APPLE AND MICROSOFT AT THE SAME TIME

Which of the following is an example of conflict of interest?

48
New cards

UNWANTED TOUCHING, JOKING, OR ADVANCES OF A SEXUAL NATURE

What is sexual harassment?

49
New cards

TELL A MANAGER OR OTHER TRUSTED ADULT

What should you do if you see someone being sexually harassed?

50
New cards

WHEN A PERSON OFFERS SOMETHING OF VALUE TO ANOTHER PERSON IN ORDER TO RECEOVE SOMETHING IN EXCHANGE

Which of the following constitutes bribery?

51
New cards

BRIBERY

What is the offering, giving, receiving or soliciting of any item of value to influence the actions of an official or other person in charge of a public legal duty?

52
New cards

BRIBERY, CONFLICT OF INTEREST, HARASSMENT, FORCED OVERTIME

examples of morally unacceptable policies and practices in conducting business

53
New cards

FORCED OVERTIME

What is the mandatory overtime when an employer requires employee to work more than their regularly scheduled 40-hour week?

54
New cards

VISION STATEMENT

What is the desired image of what you want your business to become in the future and provides you and your employees with direction, purpose motivation and inspiration to achieve the desired outcome for your business

55
New cards

ETHICAL PRINCIPLES AND GUIDELINES

What is the set code of ethics?

56
New cards

WORKPLACE ETHICS

what is called the moral principles, standards of behavior or set of values that guide the person’s action in the workspace?

57
New cards

CONVENTIONAL

What type of corporate culture where companies have conventional culture work in more traditional manner?

58
New cards

ELITE CULTURE

what type of corporate culture were common among younger employees?

59
New cards

TEAM ORIENTED CULTURE

Netflix gives its employees unlimited family leave. The company does not have a travel policy and annual employee reviews. The company doesn’t care about the R spend in the office, but rather care about what is accomplished?

60
New cards

HORIZONTAL CULTURE

Pinterest mined data from the pinboards of each of its employees to find shared interest between them. Tracy a software engineer at Pinterest described the workplace as a very collaborative work environment.

61
New cards

CONVENTIONAL CULTURE

DPI gives its employees a cash subsidy of 1000 pesos for good grooming allowance for the purpose of purchasing their company uniforms.

62
New cards

MISSION STATEMENT

What is the definition of the company business, who it serves, what it does, its objective, and its approach to reaching those objectives?

63
New cards

CORPORATE CULTURE

What is defined as the values, standards, attitudes, and beliefs shared by the members of an organization?

64
New cards

HORIZONTAL CULTURE

What type of organizational culture where everyone is encouraged to pitch in their ideas and more common among younger companies?

65
New cards

TEAM ORIENTED CULTURE

What type of organizational culture prioritizes the employee happiness?

66
New cards

TEAM ORIENTED CULTURE, ELITE CULTURE, HORIZONTAL CULTURE, CONVENTIONAL CULTURE

The common organizational cultures

67
New cards

CODE OF ETHICS

what sets the company mission, values, ethos, objectives, and responsibilities to guide employees on how to deal with different scenarios in the workplace?

68
New cards

ELITE CULTURE

Google is known for hiring only the best people to join its ranks. In its career page under how we hire it is stated select: “ there no one kind of googler, so we are always looking for people who can bring new perspective and life experiences to our teams”

.

69
New cards

FALSE

An elite culture prioritize employee happiness and also believe that when an employee is happy, they become more productive and does more willing to go extra mile for customer.

70
New cards

TRUE

In horizontal culture everyone is encouraged to pitch in their ideas and this kind of culture is common among younger companies.

71
New cards

FALSE

Business ethics is defined as the values, standard, attitudes, and belief shared by the members of the organizations.

72
New cards

BRIBERY

CONFLICT OF INTEREST

HARASSMENT

FORCED OVERTIME

Unacceptable policies and practices: enumerate

73
New cards

FAIRNESS

ACCOUNTABILITY

TRANSPARENCY

Core principles of corporate governance: ENUMERATE

74
New cards

EMPLOYEE CONDUCT

ATTENDANCE AND TIME OFF

EQUAL OPPORTUNITY

COMPUTER USE

NON COMPETITION

FINANCE AND ACCOUNTING

Common practices in business organizations

75
New cards

SOLE PROPRIETORSHIP

PARTNERSHIP

CORPORATION

Business Organizations: ENUMERATE

76
New cards

MISSION, VISION, OBJECTIVES, RESPONSIBILITIES

The code of ethics