NOTRE DAME OF JARO INC.

Msgr. Lino Gonzaga St. Jaro, Leyte

notredame.jaro@yahoo.com.ph
QUARTER 3 – BUSINESS ETHICS & SOCIAL RESPONSIBILITIES 12
WEEK 3
NAME&YR/SECTION:
_________________________________DATE:___________

Core Principles of a Business

OBJECTIVE:
 Give examples of how fairness, accountability and
transparency is practiced in business and non-profit
organizations

There is increased emphasis on teaching and learning business ethics. A

highly pertinent question is the role of faith and religious beliefs on ethical
business practices in a community.

ACTIVITY 1:
What are the core principles of business ethics?

DISCUS
SION
Notions of Accountability, Fairness, and Transparency

FAIRNESS – The moral obligations arising from the core ethical value of fairness are always associated
with the exercise of power to render judgements that bestow benefits or impose burdens. Fairness is
making judgements without reference to your personal feelings but solely based on what the business
needs.

ACCOUNTABILITY – In ethics and governance, accountability is answerability, blame worthiness,

liability, and the expectation of account-giving. It is also the obligation of an individual or organization for
its activities, accept responsibility for them, and to disclose the results in a transparent manner.

TRANSPARENCY – Transparency implies openness, communication and accountability. It is the lack of

hidden agendas or conditions, accompanied by the availability of full information required for
collaboration, cooperation, and collective decision making.

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 EVALU
ATION:
Give you own understanding of the following Core Principles.

For some questions and inquiries, you can contact me at the following:

Email Address: terradobsed@gmail.com

Facebook Account Name: Via Terrado Cañeda

PREPARED BY:
___________________________________
Name & Signature of Student
MRS. VIA T. CAÑEDA
TEACHER
___________________________________

Name & Signature of

Parent/Guardian

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