Business Ethics and Social Responsibility (Midterm)

He argues that the purpose of business is for life sustenance and life enhancement.

WHICH PILLAR OF ISLAM? obligatory prayers

It is an activity that involves the production and exchange of goods for economic purposes.

TRUE OR FALSE: There are things that are legal but not ethical.

These are collections of the religious writings of can ancient Hindu spiritual masters.

WHICH PILLAR OF ISLAM? Islamic tax

WHICH PILLAR OF ISLAM? fasting during the month of Ramadan

It aims to logically test the rightness or wrongness of human acts.

It is the Islamic legal/social system which aims for the advancement of goodness

_______ coined the term moralis in search for a Latin translation of the Greek word ethikos.

It is someone who owns productive assets that he can live comfortably on the income generated.

It investigates morally debatable issues such as death penalty.

ANALOGY- Haram: Unlawful; Halal: _____.

Which of the ff. is not included in Buddhism's Eightfold Path?

Ethics came the Greek word _____ which means character or dwelling.

Businesses like partnership and corporation must be registered in ________.

TRUE OR FALSE: Ethics and Etiquette are one and the same.

He argues that profit is the primary responsibility of business.

These are the priests and scholars who exercise spiritual powers.

It is a business created by operation law and having a separate juridical personality.

He argues that the motive of business is not the same as its purpose.

It is a Latin word which means "proper behavior of a person in society".

It encompasses virtues such as kindness, trustworthiness, tolerance, courage, and prudence.

Praecribere is Latin word which means _______.

Muslim means _____.

ANALOGY- Moksha: Spiritual Freedom; Artha: _____.

It is a set of principles used by professional organizations to govern decision-making.

These are the businesspeople and farmers whose role is to produce the material needs.

These are the administrators and the military whi exercise secular powers.

WHICH AMONG THE FORM OF BUSINESSES? principle of unlimited liability

It is a business owned by two or more persons who bind themselves in the enterprise.

These are the lowest members of society doing the dirtiest works.

It is a business composed of persons organized around a common goal.

It is the capacity to develop, organize, and manage business venture along with its risks.

The Greek word Christos means _____.

It claims thatg every member of the society belongs to a particular social position and role.

It involves the application of standards of moral behavior to business situations.

It refers to the Ten Commandments given by God to Moses.

WHICH PILLAR OF ISLAM? pilgrimage to Mecca

It focuses on the investigation of the sources of our ethical principles.

It attempts to come up with those ethical principles that can be used to judge our actions.

These are the peasants and workers who sreve the higher caste.

It is a business where the manager is also the owner.

WHICH AMONG THE FORM OF BUSINESSES? owners are called as stockholers or shareholders

WHICH PILLAR OF ISLAM? the declaration of faith in one God