Far Eastern UniversityInstitute of Accounts, Business, and Finance

Nicanor Reyes St., Manila, Philippines

Name: ________________________________ Date:________________Subject & Section: ______________________

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 ResponsibilityB. EthicsC. ResponsibilityD. Social Responsibility

2. It is the simplest business form under which one can operate a businessA. PartnershipB. Sole proprietorshipC. CEOD. Corporation

3. A corporation that is registered and operates in more than one country at a time. A. Sole proprietorshipB. Multinational corporationsC. CorporationD. Partership

4. Applies to all types of businesses (except)A. Small businessesB. Sole proprietorshipsC. Medium BusinessesD. 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 responsibilityB. Economic responsibilityC. Legal responsibilityD. Ethnical responsibility

6. What do you call for the constituents who have aspect of a company’s products, operations, markets, industry and outcomes?A. StockholderB. CommunityC. StakeholderD. Customers

7. It is the most obvious responsibility of one’s organization which means to be profitable.A. Economic responsibilityB. Legal responsibilityC. Ethical responsibilityD. Philanthropic responsibility

8. They are the most influential people in one’s corporation or organization.A. CommunityB. CustomersC. InvestorsD. 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. 1950-1960C. 1970-1980D. 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. 1990sB. 1980sC. 1970sD. 1950s

12. ________ time focus on profitability and economies of scale.

A. 1990B. 1980C. 1970D. 1960

13. The following are benefits of Social Responsibility except for:A. Great trust with stakeholdersB. Great customer satisfactionC. Cheaper labor costsD. 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 CoveyB. Samuel GriffinC. Geoffrey WindsorD. George Perkins

16. ________ is the glue that holds organizational relationships together.A. MoneyB. CompetitorsC. GovernmentD. Trust

17. These are rewards to employees for contributing to and gaining from organizational success and allows them to gain from it.A. Performance appraisalB. Employee Stock Ownership PlansC. Healthcare benefitsD. Social programs

18. Shareholders are concerned about ethics, social responsibility and ___________.A. Economic well-being

B. Employee commitmentC. Corporate reputationD. Loyalty

19. Half of investors usually sell their stocks within ___ year(s).A. OneB. ThreeC. FiveD. Ten

20. Investor relationships require dependability, commitment and __________.A. QualityB. AuthorityC. ProductivityD. Trust