Ethics REVIEWER

BUSINESS ETHICS REVIEWER
1. Metaphysics is a nature of reality
2. Epistemology is the nature of knowledge
3. Axiology is the nature of values
4. Plato largely shares the teaching of his master, Socrates, the Father
of Idealism.
5. Aristotle said: “He who has never learned to obey cannot be a good
commander”
6. According to Socrates, “The unexamined life is not worth living.”
7. “Women have to work 5 times harder than men and still get paid less money
for the same job.” Is a Negative belief.
8. “I am a valuable contributor and the place I want to work wants me.” Is a

Positive belief
9. “Failure is a stepping stone on the journey to success.” Is an example of

Positive belief
10. “I need to be a workaholic to feel successful.” Is an example of a negative

belief.
11. “I don’t want to be a millionaire because rich people are bad, not to
mention mean.” Is an example of negative belief
12. “My worth as a human being is only proportionate to how I see myself,
and I’m worthy of all things good.” Is an example of a positive belief.
13. .“I am the most powerful moral obligation among Filipinos values. I am
a technique of reciprocity.” Is an example of Utang na loob.
14. “I am a value of belongingness and loyalty with sensitivity to the

feelings of others on the principle of “give and take”. I am also a folk
concept of good public relations.” which is an example of Pakikisama
15. “I am dependent on what others will think, say and do. I cannot say
“NO” even if it is against my will to do what is being requested.” Is an example of
Hiya
16. “It is a common expression among Filipinos and I rest on the fatalistic
outlook and strong dependence on the “spirits.” I leave everything in the hands of
fate.” Is an example of Bahala Na.
17. “I am an individuals”. A sense of self-esteem or self-respect that

prevents a person from swallowing his pride. Is an example of Amor Propio
18. Filial Piety is a virtue of respect for one's parents, elders, and
ancestors is Morally Good
19. The Mañana Habit, the habit that encourages procrastination is Morally
Unacceptable.
20. Joy and Humor, this famous trait is the ability of Filipinos to find
humor in everything. It sheds light on the optimism and positivity of Filipinos in
whatever situation they are in so as to remain determined in going through
struggles or challenges, which is Morally Good.
21. Ningas-Kugon, leaving work either half-baked or unfinished is Morally

Unacceptable
22. Ethics is concerned with the standards of conduct acceptable to a group, a

profession, or members of an organization.
23. The proprietorship form of business organization is characterized by the

Owner’s in direct control of decision making.
24. The partnership form of business organization address the issues on decision
making, salaries and/or contribution.
25. A business organized as a corporation is a legal entity that is separate from

its owners.
26. The sole proprietor has unlimited control over the business.
27. In a partnership, profits and losses are shared equally unless otherwise
agreed.
28. One of the attributes of a corporation is limited liability.
29. Business activities must be viewed and examined from the perspective
of morality.
30. Business without ethics threatens the survival of human society.
31. Business Ethics is a form of applied ethics or professional ethics that

examines
ethical principles and moral or ethical problems that arise in a business
environment.
32. Social Responsibility is an ethical framework which suggests that an entity, be

it an organization or individual, has an obligation to act for the benefit of
society at large.
33. Corporate Social Responsibility is a continuing commitment by business to

behave ethically and contribute to economic development while improving the
quality of life of the workforce and their families, the local community, and
society at large.
34. Moral Responsibility is not in the four levels of responsibility of William Saucer
in the Journal of Business Ethics.
35. The acronym “TRAIN” represents Tax Reform for Acceleration and Inclusion
36. Accountability explain or justify one’s actions and decisions; the

process of explanation and justification
37. Transparency is the minimum degree of disclosure to which agreements,

dealings, practices and transactions are open for all verification.
38. Fairness involves the balancing of interests involved in all decision-making

including any decisions related to hiring/firing and the compensation/rewards
system.
39. Disclosing conflicts of interest such as a company that sells one of its
business units to its CEO is an example of transparency
40. A council meeting that allows the citizens to attend an open process
communication is an example of transparency.
41. A good example of Accountability is when employees completes any tasks

that have been designated to them
42. A good example of fairness is when the employers pay appropriate wages,
help their employees to balance the demands of their jobs with their lives, and
maintain safe workplaces
43. Code of Ethics is a set of rules about good and bad behavior.
44. Code of Ethics is a written set of guidelines issued by an organization to its
workers and management to help them conduct their actions in accordance
with its primary values and ethical standards.
45. Working cooperatively with others in order to achieve objectives is an

Acceptable Behavior.
46. Considering other people’s perspectives in order to help reach an agreement

is an Acceptable Behavior
47. Isolation, deliberate exclusion and/or non co-operation at work is an

Unacceptable Behavior
48. It is an acceptable practice that an individual shall be deemed to be under the

influence of alcohol if he/she exceeds a blood alcohol level of 0.05% (0.02%
for heavy vehicle drivers)
49. Using the organization’s computer resources to seek out, access or send any
material of an offensive, obscene or defamatory nature is prohibited and
giving disciplinary action is an Acceptable policy.
50. Philosophy is the study of the nature of reality and existence, of what it is
possible to know, and of right and wrong behavior, or a particular set of beliefs of
this type.

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BUSINESS ETHICS REVIEWER

1. Metaphysics is a nature of reality

2. Epistemology is the nature of knowledge

3. Axiology is the nature of values

6. According to Socrates, “The unexamined life is not worth living.”

8. “I am a valuable contributor and the place I want to work wants me.” Is a

9. “Failure is a stepping stone on the journey to success.” Is an example of

10. “I need to be a workaholic to feel successful.” Is an example of a negative

14. “I am a value of belongingness and loyalty with sensitivity to the

17. “I am an individuals”. A sense of self-esteem or self-respect that

21. Ningas-Kugon, leaving work either half-baked or unfinished is Morally

22. Ethics is concerned with the standards of conduct acceptable to a group, a

23. The proprietorship form of business organization is characterized by the

25. A business organized as a corporation is a legal entity that is separate from

28. One of the attributes of a corporation is limited liability.

30. Business without ethics threatens the survival of human society.

31. Business Ethics is a form of applied ethics or professional ethics that

32. Social Responsibility is an ethical framework which suggests that an entity, be

33. Corporate Social Responsibility is a continuing commitment by business to

36. Accountability explain or justify one’s actions and decisions; the

37. Transparency is the minimum degree of disclosure to which agreements,

38. Fairness involves the balancing of interests involved in all decision-making

41. A good example of Accountability is when employees completes any tasks

45. Working cooperatively with others in order to achieve objectives is an

46. Considering other people’s perspectives in order to help reach an agreement

47. Isolation, deliberate exclusion and/or non co-operation at work is an

48. It is an acceptable practice that an individual shall be deemed to be under the

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