a. Agora b. partnership
c. business in the community
18.This model has the characteristic of updated version of the existing social agreement and
emphasis on a strategy of sustainable development.
a. Agora b. partnership
c. sustainability and citizenship
19.This argument states that business nowadays plays an ever more important guiding role for
the whole of the social life, that an economization of society is underway. a. economization b. scandals
c. good business
20.This argument is also called ‘making the business case’ for ethics and corporate social
responsibility. a. economization
b. scandals c. good business
21.This principle means that businessmen should never knowingly do harm when discharging
business duties. a. normalfeasance b. non deception
c.safeguarding vulnerable segments
22.This principle states that businessmen ought to never intentionally mislead or unfairly
manipulate consumers. a. normalfeasance b. non deception
c.safeguarding vulnerable segments
23.This principle states that businessmen must always take extraordinary care when engaging in
exchanges with vulnerable segments.
a. normalfeasance b. non deception c. safeguarding vulnerable segments
24.This principle reminds businessmen of their social duties to do the common good. a. non deception
b. stewardship c. distributive justice
25.This principle suggests that there is an obligation in the part of all business organizations to
assess the fairness of business place consequences flowing from their collective business.
a. non deception b. stewardship
c. distributive justice
KEY ANSWERS Chapter 1-6
1. F 2. T
3. T 4. F
5. F
Test II 1. Relational state
2. Partnership 3. Business in the community
4. Sustainability and citizenship 5. Agora
Test III 1. CSR
2. Explicit elements 3. Tacit elements
4. Understanding 5. Vision
6. Agenda 7. Vision and mission
8. Stakeholders 9. Market
10.Accountability 11.Morality
12.Ethics 13.Micro level
14.Meso level 15.Macro level
Test IV 1. A
13. B 25. C
2. B 14. D
3. B 15. A
4. C 16. C
5. A 17. B
6. B 18. C
7. C 19. A
8. A 20. C
9. A 21. A
10.B 22. B
11.A 23. C
12.C 24. B
Name: Gibson A. Cayabyab Date:
Yr.Sec: BSA 3 – 10D
Test I. True or False. Write T if the statement is true and F if false. 1.Corporate governance is the set of processes, customs, policies, laws and institutions affecting the
way a corporation is directed, administered or controlled.
2.Economic efficiency is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled.
3.Shared values are standards by which members of an organization collectively see as important. Therefore, they tend to guide behaviour, relationships and interactions.
4.Common mindsets are standards by which members of an organization collectively see as important. Therefore, they tend to guide behaviour, relationships and interactions.
5.Common mindset or paradigm consists of a set of shared assumptions or beliefs. Test II. Fill in the blanks. Write the answer on the space provided.
1. Common mindset or ______ consists of a set of shared assumptions or beliefs.
2.____________is the set of processes, customs, policies and laws and institutions affecting the way a corporation is directed, administered or controlled.According to Anthony D’Souza, values have two
critical parts: intended or declared.
3___________.is the core purpose for which a person, team or organization is created.
4._________ and Objective define the end result the organization wants to achieve within the given timeframe.
5. Warren Bennis and Joan Goldsmith highlight four qualities of leadership namely vision, empathy, consistency and _____________.
Test III. Identification. Identify the following 1. They are the team who delivers the mission.
2. Is the set of processes, customs, policies and laws and institutions affecting the way a corporation is directed, administered or controlled.
3. In his own inimitable style characterized managers as people who do things right and leaders who do the right things.
4. They are required to issue certifications and quarterly financial reports.
5. They must one to an agreement on their own sense of mission for the organization.
6. Values that exist in the corporation’s policies and mission statement.
7. Requires that leaders come to a basic agreement on what is important since a clear mission is the foundation for strategic decisions.
8. Values that are lasting and are lived from day-to-day by the members.
9. Statement that tells the world why you and your team are making the effort to act and to succeed.
10. Are the principles, the standards, and the actions that people in an organization represent.
11. It involves looking beyond the organization to its customers, suppliers and the industry.
12. Is the core purpose for which a person, team or organization is created.
13.Is picturing excellence – what the person, team or organization wants to create in its best possible future.
14. Includes the strategy, plans, procedures, and key actions that will put all the elements into action.
15. Are champions ate communication and they consistently articulate their vision to make it a recognizable, driving force in the organization.
Test IV. Multiple Choice. Encircle the letter of the correct answer. 1. Warren Bennis and Joan Goldsmith highlight four qualities of leadership which includes
the following except: a. Vision
c. Consistency b. Empathy
d. Simple
2. One of the major functions of a shared vision is to: a. Align education
b. Upbringing information c. Perceptions influence us to move in different directions
d. All of the above
3.The principal stakeholders are the: a.Shareholders
b. Management c. Board of Directors
d. All of the above
4. Highly effective leaders build their organizations on bedrock of which values: a. Stewardship
b. Shepherdship c. Servant’s Heart
d. All of the above
5. It reduces inevitable internal conflicts about departmental “turf” or about use of resources and clarifies the rationale behind any changes:
a. Clarify of the mission b. Uniqueness of the mission
c. Communication of the mission d. All of the above
6. They must come to an agreement on their own sense of mission for the organization: a. Top-Management Team
7. They are the key to promoting and managing the mission: a. Top-Management Team
b. Middle Management c. Front-Liners
d. None of the above
8. They are to team who delivers the mission: a. Top-Management Team
b. Middle Management c. Front-Liners
d. None of the above
9. They are required to issue certifications and quarterly financial reports: a. CEOsCFOs
b. Secretaries c. Treasurers
d. None of the above
10. In his own inimitable style characterized managers as people who do things right and leaders who do the right things:
a. John Kotter c. Warren Bennis
b. Stephen Covey d. Anthony D’Souza
11. He wrote the book Seven Habits of Highly Effective People: a. John Kotter
c. Warren Bennis b. Stephen Covey
d. Anthony D’Souza
12. It is the set of processes, customs, policies and laws and institutions affecting the way a corporation is directed, administered or controlled:
e. Corporate Governance c. Social Governance
f. Corporate Document d. Social Document
13. G.R. Laczniak and P.E. Murphy suggested seven perspectives for ethical and socially responsible business includes:
e. Ethical Business puts people first f. Ethical Business must achieve a behavioural standard in excess of the law
g. Business should articulate and embrace a core set of ethical principles h. Adoption of a stakeholder orientation is essential to ethical decisions
i. All of the above
14.These are standards by which members of an organization collectively see as important: e. Shared Values
c. Common Mindset f. Characteristics Behaviour
d. Symbols
15.Consists of a set of shared assumptions or beliefs:
e. Shared Values c. Common Mindset
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