Far Eastern University

Institute of Accounts, Business, and Finance

Nicanor Reyes St., Manila, Philippines
Name: ________________________________
Subject & Section: ______________________

Date:________________

I. Multiple choice. Encircle the letter of the correct answer.

1. Entails developing businesses with a positive relationship to the society which they operate
in.
A. Corporate Responsibility
B. Ethics
C. Responsibility
D. Social Responsibility
2. It is the simplest business form under which one can operate a business
A. Partnership
B. Sole proprietorship
C. CEO
D. Corporation
3. A corporation that is registered and operates in more than one country at a time.
A. Sole proprietorship
B. Multinational corporations
C. Corporation
D. Partership
4. Applies to all types of businesses (except)
A. Small businesses
B. Sole proprietorships
C. Medium Businesses
D. Multinational corporations
5. It is one of the layers in the Pyramid of Social Responsibility, which promotes human welfare
and goodwill. What is it?
A. Philanthropic responsibility
B. Economic responsibility
C. Legal responsibility
D. Ethnical responsibility
6. What do you call for the constituents who have aspect of a companys products, operations,
markets, industry and outcomes?
A. Stockholder
B. Community

C. Stakeholder
D. Customers
7. It is the most obvious responsibility of ones organization which means to be profitable.
A. Economic responsibility
B. Legal responsibility
C. Ethical responsibility
D. Philanthropic responsibility
8. They are the most influential people in ones corporation or organization.
A. Community
B. Customers
C. Investors
D. Stockholders
9. During that time, laws are passed that require protection of natural environment, safer
products, promotion of equity and supporting work diversity
A. 1920-1940
B. 1950-1960
C. 1970-1980
D. 1990-2000
10. Which of the following is learned from economic crises?
A. Transparency
B. Liquidity
C. Diversification
D. (Answer) All of the Above
11. During ______,the people put greater role and responsibility in ethics and social
responsibility.
A. 1990s
B. 1980s
C. 1970s
D. 1950s
12. ________ time focus on profitability and economies of scale.
A. 1990
B. 1980
C. 1970
D. 1960
13. The following are benefits of Social Responsibility except for:
A. Great trust with stakeholders
B. Great customer satisfaction
C. Cheaper labor costs

D. Stronger employee commitment

14. ____ of consumers say they would avoid or refuse to buy from certain businesses if
consumer-organizational trust is breached.
A. 50%
B. 75%
C. 90%
D. 100%
15. He said that low trust results in organizational decay and relationship deterioration.
A. Stephen Covey
B. Samuel Griffin
C. Geoffrey Windsor
D. George Perkins
16. ________ is the glue that holds organizational relationships together.
A. Money
B. Competitors
C. Government
D. Trust
17. These are rewards to employees for contributing to and gaining from organizational success
and allows them to gain from it.
A. Performance appraisal
B. Employee Stock Ownership Plans
C. Healthcare benefits
D. Social programs

18. Shareholders are concerned about ethics, social responsibility and ___________.
A. Economic well-being
B. Employee commitment
C. Corporate reputation
D. Loyalty
19. Half of investors usually sell their stocks within ___ year(s).
A. One
B. Three
C. Five
D. Ten
20. Investor relationships require dependability, commitment and __________.
A. Quality
B. Authority
C. Productivity

D. Trust