HOLLAND-Pre-Final Examination: Entrepreneurial Mind

What is the main goal of social responsibility in business?

• Maximizing shareholder profit

• Ignoring environmental concerns

• Benefiting society while conducting business

• Eliminating business competition

Milton Friedman's Shareholder Theory states that:

• Businesses should prioritize social good over profit

• Businesses exist only to generate profits for shareholders

• Companies should avoid all regulations

• Social responsibility should be legally required

What is the top level of Carroll's CSR Pyramid?

• Economic

• Legal

• Ethical

• Philanthropic

Which of the following is NOT a benefit of Corporate Social Responsibility (CSR)?

• Improved brand reputation

• Lower employee satisfaction

• Competitive advantage

• Customer loyalty

Moral relativism suggests that morality:

• Is absolute and unchanging

• Depends on cultural or individual perspectives

• Should always be based on religious beliefs

• Does not exist in business

What is franchising?

• Buying an independent business

• Renting a store from a corporation

• Operating a business under another company's brand and system

• Partnering with competitors

A franchisor is the company that:

• Buys the franchise

• Provides the franchise rights and brand

• Regulates franchise businesses

• Supplies business loans

E-commerce refers to:

• Selling products only in physical stores

• Buying and selling goods online

• Manufacturing goods in bulk

• Eliminating competition

Which e-commerce type involves consumers selling to other consumers?

• B2B

• C2C

• B2C

• C2B

What is a growing trend in Philippine e-commerce?

• The decline of mobile payments

• AI-driven shopping and live selling

• A decrease in online businesses

• The elimination of digital wallets