Pre-Finals Set B

Question 1

is a set of principles or tenets which together form the basis of a religion, philosophy, or moral code

Answer 1

Belief System

Question 2

the most powerful influences on human behaviour

Answer 2

Religious Beliefs

Question 3

defined as a set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and often containing a moral code governing the conduct of human affairs

Answer 3

Religion

Question 4

What is the belief of Judaism?

Answer 4

Employee Relations

Question 5

Employee Relations

Answer 5

Judaism

Question 6

illustrated by the widely quoted Talmudic tradition that in one’s judgment in the next world the first question asked is: “Were you honest in business?”

Answer 6

Judaism

Question 7

are obliged to pay their workers on time, pay their workers a living wage and treat their workers with dignity and respect.

Answer 7

Judaism

Question 8

for the workers, it is important not to steal company time.

Answer 8

Judaism

Question 9

What is the belief of Christianity?

Answer 9

Stewardship and Fiarness

Question 10

Stewardship and Fiarness

Answer 10

Christianity

Question 11

They depend on the Lord’s leadership for their business by asking blessings through prayer to provide strategic direction, resources, earnings, etc.

Answer 11

Christianity

Question 12

They also believed that the Lord delight in justice. Therefore, in conducting a business transaction, they must be fair, like paying the workers with fair wages and appropriate work conditions.

Answer 12

Christianity

Question 13

What is the belief of Islam?

Answer 13

Customer Relations

Question 14

Customer Relations

Answer 14

Islam

Question 15

Prophet Muhammad’s doctrine on honesty and kind dealings with customers are the secrets of success in business.

Answer 15

Islam

Question 16

According to them, no fraud or deceit, sellers must avoid making many oaths when selling merchandise.

Answer 16

Islam

Question 17

They are also strict when it comes to weights and measures.

Answer 17

Islam

Question 18

What is the belief of Buddhism?

Answer 18

Hardwork and Mindfulness

Question 19

Hardwork and Mindfulness

Answer 19

Buddhism

Question 20

Work hard, no excuses, to those who do not want to work, they let their chance pass by. If you work hard, rest well.

Answer 20

Buddhism

Question 21

focuses on balance

Answer 21

Buddhism

Answer 22

Buddhism

Question 23

Their practice of mindfulness can be a key to good business.

Answer 23

Buddhism

Question 24

Remember to be calm, and not to obsess too much about positive or negative feedback.

Answer 24

Buddhism

Question 25

What is the belief of Taoism

Answer 25

Lead by Example

Question 26

Lead by Example

Answer 26

Taoism

Question 27

They believe such good behavior is an essential part not only of self-improvement but of improving the world as a whole.

Answer 27

Taoism

Question 28

They suggest that the ideal way for an owner to run his or her business is by example.

Answer 28

Taoism

Question 29

A good leader is one that the people respects and whose instructions are willingly followed.

Answer 29

Taoism

Question 30

What is the belief of Shintoism?

Answer 30

Work is work

Question 31

Work is work

Answer 31

Shintoism

Question 32

Work is understood to be a self-expression of the great life force.

Answer 32

Shintoism

Question 33

Japanese people try to unify themselves with the great life force by concentrating on their own work.

Answer 33

Shintoism

Question 34

the company name is more important than the job title, the community they belong to is much more important than what they do.

Answer 34

Shintoism

Question 35

is a self-regulating business model that helps a company be socially accountable - to itself, its stakeholders, and the public.

Answer 35

Corporate social responsibility (CSR)

Question 36

Models of Corporate Social Responsibility

Answer 36

1. Friedman’s model 2. Carroll’s model 3. Ackerman’s model 

Question 37

Who created the Friedman's Model?

Answer 37

Milton Friedman

Question 38

A businessman should perform his duty well, he is performing a social as well as a moral duty.

Answer 38

Friedman's Model

Question 39

A businessman has no other social responsibility to perform except to serve his shareholders and stockholders.

Answer 39

Friedman's Model

Question 40

Who created the Carroll's Model?

Answer 40

Dr. Archie B. Carroll

Question 41

the Pyramid of Corporate Social Responsibility

Answer 41

Carroll's Model

Question 42

What are the four different areas in the pyramid structure from Carroll's Model?

Answer 42

1. Economic 2. Legal 3. Ethical 4. Philanthropic

Question 43

the “main areas” one company should focus its duties and responsibilities in terms of CSR.

Answer 43

Economic, Legal, Ethical and Philanthropic

Question 44

Be profitable.

Answer 44

Economic Responsibility *base*

Question 45

Be profitable.

Answer 45

Economic Responsibility *base*

Question 46

Obey the law

Answer 46

Legal Responsibility *2nd from base*

Question 47

Be ethical

Answer 47

Ethical Responsibility *3rd from base*

Question 48

Be a good corporate citizen

Answer 48

Philanthropic Responsibility *top*

Question 49

The model has emphasized on the internal policy goals and their relation to the CSR.

Answer 49

Ackerman’s Model

Question 50

How many stages does Ackerman's Model have?

Answer 50

Four

Question 51

Managers of the company get to know the most common social problem and then express a willingness to take a particular project which will solve some social problems.

Answer 51

First stage

Question 52

Intensive study of the problem by hiring experts and getting their suggestions to make it operational.

Answer 52

Second Stage

Question 53

Managers take up the project actively and work hard.

Answer 53

Third Stage

Question 54

Evaluating of the project by addressing the issues.

Answer 54

Fourth Stage

Question 55

What are the four stages involved in CSR according to Ackerman's Model?

Answer 55

1. Managers of the company get to know the most common social problem and then express a willingness to take a particular project which will solve some social problems. 2. Intensive study of the problem by hiring experts and getting their suggestions to make it operational. 3. Managers take up the project actively and work hard. 4. Evaluating of the project by addressing the issues.