OFFICE OF THE SHS DEPARTMENT

SY 2024-2025

PERSONALITY DEVELOPMENT
Second Quarter Exam

Name: ________________________________________________ Score: ______________

Grade and Section: ______________________________________ Date: ______________

I. MULTIPLE CHOICE
Directions: Read the questions carefully and choose the best answer by writing it on the blank
space provided before each item.

_____1. Which of the following is a form of business organization where a single individual owns and operates
the business?
A. Corporation B. Sole Proprietorship C. Partnership D. Limited Liability Company (LLC)

_____2. What is a characteristic of a corporation?

A. Owned by a single individual.
B. Has limited liability for its owners.
C. Profits are taxed only once.
D. The owners are personally responsible for debts.

_____3. Which of the following is a characteristic unique to a corporation compared to other business
organizations?
A. Profits are taxed at the owner's personal tax rate.
B. The business is owned and managed by the same person.
C. The ownership of the business is divided into shares that can be traded.
D. The business has limited liability for its owners.

_____4. Which of the following is a key difference between a sole proprietorship and a corporation?
A. A sole proprietorship has limited liability, while a corporation has unlimited liability.
B. A corporation is owned by one person, whereas a sole proprietorship is owned by multiple
individuals.
C. A sole proprietorship is easy to establish with fewer regulations, while a corporation requires
complex legal processes.
D. A corporation does not pay taxes, while a sole proprietorship does.

_____5. Which of the following is an advantage of forming a partnership?

A. Partners share unlimited liability.
B. The business is required to pay taxes separately from the owners.
C. Partners can pool resources and skills for better decision-making and management.
D. Partnerships are difficult to establish and manage.

_____6. Which of the following is an example of a sole proprietorship?

A. The Apple Store
B. Jane’s Photography
C. General Motors
D. Wal-Mart

_____7. Which of the following is an example of a corporation?

A. Starbucks B. The Local Butcher Shop C. R&R Consultancy D. The Corner Bookstore

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 1

_____8. Which of the following is an example of a sole proprietorship, and why?

A. Joe's Car Repair Shop – Owned and run by Joe, who handles all aspects of the business.
B. Smith & Johnson Law Firm – Owned by two partners who share responsibilities.
C. Starbucks – A coffee shop with multiple locations and shareholders.
D. Google – A technology company with investors and employees.

_____9. Which of the following scenarios is an example of a partnership?

A. A family-owned restaurant run by a single individual.
B. A law firm where two lawyers share ownership and responsibility.
C. A corporation owned by multiple shareholders with limited liability.
D. An online store owned and operated by one person.

_____10. Which of the following best describes a corporation?

A. A business owned by a single individual with unlimited liability.
B. A business where the owners (shareholders) are not personally liable for the company’s debts.
C. A business run by multiple partners who share profits and losses.
D. A business formed by a group of people for charitable purposes.

_____11. Which of the following best explains how large corporations contribute to economic development?
A. By employing a small number of highly skilled workers.
B. By increasing competition and driving innovation in the market.
C. By focusing solely on maximizing profit without concern for social welfare.
D. By operating only in niche markets with little influence on the broader economy.
_____12. How do small businesses contribute to socioeconomic development in local communities?
A) They generate a large number of employment opportunities and contribute to local economic
activity.
B) They only cater to high-income customers, limiting their impact on the community.
C) They generally operate on a global scale and do not affect local economies.
D) They focus solely on maximizing profits and do not contribute to social welfare.
_____13. In what way do partnerships promote socioeconomic development?.
A) Partnerships tend to focus on global expansion and create jobs in other countries.
B) They encourage the sharing of resources, skills, and expertise, leading to greater innovation and
productivity.
C) Partnerships are primarily concerned with maximizing profits, without any focus on social impact.
D) Partnerships generally focus on providing services to only a select few, limiting their economic
impact.

_____14. Which of the following business types is most likely to have the greatest impact on rural economic
development?
A. A sole proprietorship run by an individual entrepreneur in a small town.
B. A partnership operating a multinational business.
C. A corporation with global operations and no local ties.
D. A LLC based in an urban area focusing on high-tech products.

_____15. Which of the following is an example of how a business organization can contribute to socioeconomic
development in terms of social welfare?
A. By reducing operational costs through outsourcing to lower-wage countries.
B) By focusing solely on maximizing shareholder returns without considering community impacts.
C) By investing in local community programs, providing scholarships, and promoting sustainable
practices.
D) By expanding into international markets without improving local economic conditions.

_____16. Which of the following is an example of fairness in a business organization?

A. A company offering equal pay for equal work, regardless of gender or ethnicity.

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 2

 B. A business leader making decisions based solely on personal relationships.
C. A company hiding its financial records to avoid public scrutiny.
D. A business prioritizing profits over the well-being of employees.
_____17. Which of the following demonstrates accountability in a non-profit organization?
A. The non-profit regularly publishes reports on the use of donations and how they support the
mission.
B. The organization does not share information about its financial status with the public.
C. The non-profit allocates funds without tracking how they are spent.
D. The leaders of the organization avoid communicating with stakeholders.
_____18. Which of the following best describes transparency in a business organization?
A. A company sharing quarterly financial reports with shareholders and the public.
B. A business keeping its pricing strategy secret to gain competitive advantage.
C. A company hiding negative customer reviews to protect its reputation.
D. A corporation making decisions without consulting employees or stakeholders.

_____19. Which of the following is an example of fairness in a non-profit organization?

A. Offering volunteer opportunities to people of all backgrounds and abilities.
B. Prioritizing the needs of wealthy donors over those of the people being served.
C. Selecting board members based solely on personal connections.
D. Keeping the salaries of key staff secret from the public.

_____20. How does accountability in a business setting typically manifest?

A. By ensuring that leaders are personally responsible for their actions and the company's
outcomes.
B. By allowing employees to make decisions without oversight or responsibility.
C. By maintaining secrecy around company operations to protect competitive advantage.
D. By allowing the business to operate without adhering to laws and regulations.
_____21. Which of the following observations best analyzes the impact of a flexible work-from-home policy on
employees?
A) Employees will always prefer to work from the office to improve collaboration.
B) The policy will increase employee satisfaction and productivity by offering greater work-life
balance.
C) It will lead to a decrease in overall productivity as employees will not feel the need to work.
D) Employees will not be affected by the policy because they are already highly motivated.
_____22. How does a price skimming strategy affect a company’s market share and revenue?
A. It will lead to higher customer loyalty but lower initial profits.
B. The company will attract a large customer base quickly by offering low prices.
C. The company will maximize revenue in the short term by targeting early adopters and gradually
lowering prices.
D. It will result in no significant change in revenue but will enhance brand image.

_____23. Which of the following observations demonstrates an effective Corporate Social Responsibility (CSR)
policy?
A. A company contributing to environmental sustainability by reducing waste and carbon emissions.
B. A company focusing solely on profit maximization without any regard for social impact.
C. A company making minimal donations to charity without involving employees in the initiatives.
D. A company offering large bonuses to its executives while cutting costs on employee benefits.
_____24. What is the potential impact of a strict performance appraisal policy on employee motivation?
A. It may encourage employees to perform at their best if feedback is constructive and
development-oriented.
B. It could demotivate employees if it focuses solely on penalizing poor performance without
offering support for improvement.
C. It will have no effect on employees, as they will continue to perform their duties regardless.
D. It will lead to a complete breakdown in communication between employees and management.

_____25. Which of the following observations reflects a strong ethical business practice?
A. A company that uses sustainable materials but underpays workers to reduce costs.
B. A company that prioritizes profit over employee welfare and community interests.

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 3

 C. A company that regularly reviews its ethical standards and ensures they are aligned with industry
norms.
D. A company that hides its unethical practices from stakeholders to avoid negative publicity.

_____26. Which of the following is an example of a morally unacceptable business practice?

A. A company ensures equal pay for equal work and promotes diversity in its workforce.
B. A business adopts sustainable practices and invests in renewable energy sources.
C. A corporation pays low wages to workers while reporting high profits, without sharing any of the
profits with employees.
D. A non-profit organization operates transparently and regularly publishes detailed financial
reports.
_____27. Which of the following corporate policies would be considered morally acceptable?
A. A company that engages in child labor in developing countries to reduce production costs.
B. A business that discriminates against employees based on their race or gender in hiring practices.
C. A company that ensures transparency by sharing its financial reports and adhering to ethical
labor practices.
D. A corporation that hides its environmental pollution by falsifying reports to authorities.

_____28. Which of the following marketing strategies would be considered morally unacceptable?

A. Advertising a product with accurate claims about its benefits and side effects.
B. Using manipulative tactics in advertising that deceive customers into making unnecessary
purchases.
C. Providing clear information about the pricing, availability, and features of a product.
D. Offering discounts and promotions in a way that is transparent and fair to all customers.

_____29. Which of the following financial practices would be considered morally unacceptable in a business
setting?
A. A business properly discloses its financial statements to investors and follows accounting
standards.
B. A company engages in insider trading to gain unfair financial advantage.
C. A company provides bonuses to employees based on company performance and individual
contributions.
D. A business practices fair pricing and ensures that customers receive value for their money.

_____30. Which of the following practices would be considered morally unacceptable in terms of labor rights?
A. A company provides safe working conditions and fair wages to all employees
B. A company forces employees to work overtime without proper compensation and threatens
them with job loss if they refuse.
C. A business offers training programs to enhance employees' skills and promote career
advancement.
D. A company ensures equal opportunity for all employees and promotes a diverse and inclusive
work environment.
_____31. Which of the following statements best compares Aristotle’s Virtue Ethics and Kantian Ethics in a
business setting?
A. Both Aristotle's and Kant's ethics prioritize the consequences of business decisions over the intent
behind them.
B. Aristotle's Virtue Ethics emphasizes developing moral character and virtues in individuals, while
Kantian Ethics focuses on following universal moral duties, regardless of outcomes.
C. Aristotle’s approach focuses only on the business owner’s needs, whereas Kant emphasizes the
well-being of all stakeholders involved.

D. Both Aristotle and Kant advocate for businesses to focus primarily on profit maximization as the
highest moral goal.
_____32. How does Utilitarianism differ from Virtue Ethics when applied to business decision-making?
A. Utilitarianism focuses on maximizing profit, while Virtue Ethics focuses on employee satisfaction.

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 4

 B. Utilitarianism judges actions by their consequences, aiming to maximize overall happiness, while
Virtue Ethics focuses on the development of moral character.
C. Utilitarianism applies only to public companies, while Virtue Ethics applies only to private
businesses.
D. Virtue Ethics seeks to minimize harm, while Utilitarianism is indifferent to harm as long as profit is
maximized.

_____33. How would Aristotle’s Virtue Ethics apply to a business decision regarding employee treatment?
A. Employees should be treated as a means to an end for maximizing company profits.
B. Business leaders should foster a work environment where employees can cultivate virtues such as
honesty, responsibility, and fairness.
C. Businesses should prioritize maximizing shareholder profits regardless of employee well-being.
D. Employee satisfaction should be ignored in favor of maintaining competitive advantage

_____34. In a business context, how would an executive apply Aristotle’s Virtue Ethics to improve
organizational culture?
A. The executive would encourage employees to focus on results above all else, disregarding moral
considerations.
B. The executive would foster an environment where employees act with virtues such as integrity,
responsibility, and fairness.
C. The executive would make decisions based on maximizing short-term profits, even if it
compromises the well-being of employees.
D. The executive would delegate all decision-making to lower-level managers, avoiding
responsibility for ethical issues.
_____35. When deciding whether to adopt environmentally sustainable practices, a utilitarian business leader
would likely:
A. Focus on the long-term environmental benefits and ethical implications of sustainability.
B. Implement environmentally sustainable practices if it leads to the greatest good for the greatest
number, such as improving the community’s overall health and happiness.
C. Prioritize short-term profits and ignore sustainability efforts if they do not immediately boost
earnings
D. Consider sustainability only if it aligns with the company’s internal moral values, regardless of the
social impact.

_____36.
A. Skills and Abilities C. Life Roles
B. Gender Identity D. Personality and Interests

_____37. Which of the following statements is false?

A. Careers are very important to most people’s lives.
B. People’s career priorities tend to change as they age.
C. Career planning is often of assistance to career success.
D. Careers need not have much to do with personal attributes.

_____38. What are the two terms that often associated with the word Career?
A. Job and Occupation
B. Occupation and Life Goals
C. Opportunity and Development
D. Work and Opportunity

_____39. You are faced with a major career decision. How would you approach it based on your
self-assessment?
A. Before deciding, carefully weigh the advantages and disadvantages.
B. Trust your instincts and make a quick decision.
C. Just seek advice from mentors or friends.

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 5

 D. Avoid making a decision and hope things work out.

_____40. When pursuing your ideal career that seems unattainable, what is the best thing to
do?
A. Stop studying at the moment. C. Focus on your hobbies.
B. Open yourself to other career possibilities D. Just don’t do anything.

_____41. James comes from a low socio-economic background and dreams of becoming a
doctor. What factor(s) should he consider when assessing his career path in relation
to his life goals?
A. Ignore socio-economic factors and pursue his dream of becoming a doctor.
B. Explore alternative careers with shorter educational paths due to financial
constraints.
C. Seek scholarships, grants, and financial aid to support his medical education.
D. Abandon the idea of becoming a doctor and choose a more economically feasible
career.

_____42. Emily is a high school student who excels in both science and art. She is passionate
about environmental conservation but is also interested in pursuing a career in
graphic design. How should she assess her career path in relation to her life goals?
A. Consider combining her interests by exploring careers that merge science and art.
B. Focus solely on environmental science since it aligns with her passion.
C. Pursue a career in graphic design as it offers more lucrative opportunities.
D. Seek advice from her friends without considering her own preferences.

_____43. How can family background impact career choices?

A. It doesn't have any influence
B. It determines the availability of job opportunities.
C. It affects only educational choices.
D. It can shape values, beliefs, and expectations.

_____44. What role do personality and interests play in career decision-making?

A. They can guide and align with potential career paths.
B. There is no significant role.
C. They are the sole determinants of career choices.
D. Interests only matter in hobbies, not careers.

_____45. Which of the following explains the profession that an individual intends to pursue
throughout his or her career?
A. Career Goals B. Career Mentoring C. Career Path D. Nature Career

_____46. Your family consists of parents, a teenager, and a younger child. Lately, there has
been tension and arguments at home. The parents feel that the communication is
breaking down, and everyone seems to be on edge. Plan a step that you think is
effective to make a more harmonious atmosphere at home.
A. Assign specific chores to each family member to promote responsibility.
B. Enforce strict rules and consequences for any disagreements.
C. Ignore the issues and hope they resolve on their own.
D. Implement a weekly family meeting to discuss concerns and feelings.

_____47. Your family is facing challenges in managing time effectively, leading to rushed
mornings and increased stress levels. This is affecting the overall mood and

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 6

 interactions between family members. Establish a way where the atmosphere is more
relaxed and positive for the entire family to start the day.
A. Implement a strict morning routine with designated tasks for each family member.
B. Organize a family breakfast where everyone shares their plans for the day.
C. Allow each family member to wake up at their preferred time without a set routine.
D. Enforce rules and consequences for anyone causing delays in the morning.

For items 48–50, answer the question in 3–5 sentences. Your output will be evaluated using the
following criteria:
Content - 2 points
Grammar - 1 point
Total - 3 points

Guide Question: Where do you see yourself after a few years in your job?

PREPARED BY: JADE S. GUMAHAD/FLORANTE O.BUNDA 7