Business and Responsibility Quiz

Which is not a nature of business?

• Personal hobbies
• Manufacturing processes
• Consulting services
• Retail sales

_____________ is shown when one admits his/her mistake and is responsible for it.

• Accountability
• Blame-shifting
• Denial
• Excuse-making

Which is not a role of a corporation?

• Conducting market research
• Maximizing shareholder profits
• Developing new products
• Engaging in charitable activities as a primary role

Chanyeol should pay the money collection which he lost in the restaurant, being the treasurer of the lending company where he works.

• No, Chanyeol is not responsible for the money.
• Chanyeol should only pay half of the lost money.
• The restaurant should cover the loss instead of Chanyeol.
• Yes, Chanyeol should pay the lost money.

Sehun is exhibiting transparency when he holds an open bidding for companies next budget.

• Budgeting without oversight
• Transparency in budgeting
• Secretive financial planning
• Closed-door negotiations

Do not mind immoral activities in the company.

• Encourage unethical behavior in the workplace.
• Do not condone immoral activities in the company.
• Support immoral activities in the company.
• Ignore all company policies regarding morality.

it involves important operations like advertising marketing etc.

• Marketing
• Customer Service
• Public Relations
• Sales

Rosie, the accountant, bribed the personnel to reduce their company’s tax payable.

• Rosie helped the company save money legally.
• Rosie committed tax fraud.
• The personnel received a bonus for their work.
• Rosie was promoted for her honesty.

Is it ethical for a manager to accept gifts from suppliers?

• Yes, it is a common practice.

• No, it can lead to conflicts of interest.

• Only if the gifts are disclosed.

• Yes, but only small gifts are acceptable.

_____________ refers to the practice of ensuring that financial statements are accurate and free from fraud.

• Auditing

• Bookkeeping

• Tax Preparation

• Financial Planning