Date: FEBRUARU 22-24, 2021

1st Quart
BUSINESS ETHICS

Topic: “Introduction to Business Ethics”

Lesson101: Introduction to Economics

Business ethics (also known as corporate ethics) is a form of applied

ethics or professional ethics, that examines ethical principles and moral or
ethical problems that can arise in a business environment. It applies to all
aspects of business conduct and is relevant to the conduct of individuals and
entire organizations. These ethics originate from individuals, organizational
statements or the le... 

WHAT IS ETHICS?
Ethics or moral philosophy is a branch of philosophy that "involves systematizing,
defending, and recommending concepts of right and wrong behavior". The field of ethics, along
with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called
axiology. Ethics seeks to resolve questions of human morality by defining concepts such as good
and evil, right and wrong, virtue.

What Is Business Ethics? Definition, Overview, and Example ...

www.thestreet.com/personal-finance/what-is...
o Author: Jacquelyn White
o Trustworthiness. Achieving trustworthiness typically involves being
transparent and honest in all actions and...
o Respect. Showing respect for employees and customers involves
following through on all promises -- and providing sincere...
o Fairness. Treating customers and employees with a sense of
fairness and justice is a key type of

BUSINESS ETHICS - Video

1.)shttps://video.search.yahoo.com/search/video;_ylt=Awr9ImXK_TJg34kADC9XNyoA;_ylu=Y29sbwNn
cTEEcG9zAzEEdnRpZAMEc2VjA3Nj?p=BUSINESS+ETHICS&type=E210US91213G0&ei=UTF-
8&fr=mcafee&turl=https%3A%2F%2Ftse2.mm.bing.net%2Fth%3Fid
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%3D7&rurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DpExDOe3yKsw&tit=Soft+Skills+-
+Business+Ethics&w=144&h=78&pos=1&vid=665cb33c4369fd90fe00d771c82269d4&sigr=b0PDXx__Brv
o&sigt=jw2aaZiZ6U.8&sigi=Tci3j0.IGGU8
2.)
https://video.search.yahoo.com/video/play;_ylt=Awr9NVUi_zJgAHwATAP7w8QF;_ylu=c2VjA3NyBHNsa
wN2aWQEdnRpZANNU0ZUVklEQzEEZ3BvcwMxMg--?
p=BUSINESS+ETHICS&vid=2a92b05229c55872d353cd24ebc478ba&turl=https%3A%2F
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584885615&fr2=p%3As%2Cv%3Av&fr=mcafee&type=E210US91213G0&tt=b

3.)
https://video.search.yahoo.com/search/video;_ylt=Awr9ImXK_TJg34kADi9XNyoA;_ylu=Y29sbwNncTEEc
G9zAzEEdnRpZAMEc2VjA3Nj?p=BUSINESS+ETHICS&type=E210US91213G0&ei=UTF-
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%3D7&rurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv
%3DahH_P_5yVSo&tit=Business+Ethical+Dilemmas+and+Stakeholders&w=144&h=78&pos=3&vid=dc60
617be9a3798bc0bc3fd3ceac0948&sigr=KbAbG5UWT.p7&sigt=9Ut.HTM.Xc3V&sigi=pwlIekOjkyiX
4.)
https://video.search.yahoo.com/search/video;_ylt=Awr9ImXK_TJg34kADy9XNyoA;_ylu=Y29sbwNncTEEc
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%3DPTp08MeQCoU&tit=Business+Ethics&w=144&h=78&pos=4&vid=ced1acb1515b0903d25ea0fb501a3
255&sigr=RME4FNimpekO&sigt=zFo3wXw7nXqx&sigi=qGjPPTOeoGKd

BUSINESS ORGANIZATION

All business entities are not the same. Some provide owners a lot of flexibility in
management and control and some do not. Some provide owners a significant
degree of protection from liability and some do not. And some are heavily
regulated, and some are not. On top of these differences is the fact that our tax
code provides different tax treatments for different business entities. All of these
factors should be considered when an entrepreneur is selecting the type
of business entity she or he wIll indulge with.

KINDS OF ORGANIZATIONS:

 Sole proprietorship. A sole proprietorship is easy to form and gives you complete
control of your business. You're automatically considered to be a sole proprietorship if you
do business activities but don't register as any other kind of business.
 Partnership. Partnerships are the simplest structure for two or more people to own
a business together. There are two common kinds of partnerships: limited partnerships (LP)
and limited liability partnerships (LLP).
 Limited liability company (LLC) An LLC lets you take advantage of the benefits of both
the corporation and partnership business structures. LLCs protect you from personal
liability in most instances, your personal assets — like your vehicle, house, and savings
accounts — won't be at risk in case your LLC faces bankruptcy or lawsuits.
 Corporation. C corp. A corporation, sometimes called a C corp, is a legal entity that's
separate from its owners.

What is a type of organization?

 A type of organization serves as a framework that a firm can use to
establish communication structures and authority among employees. However, it
is crucial that a company chooses a type that suits its needs best. 1.
What are the different types of organizational structures?
  3 Common Types of Organizational Structure in Project Management. 1
Organizational Structure Type #1: Functional Organization.
Functional Organization is the most common type of organizational
structures in the ... 2 Organizational Structure Type #2:
Projectized Organization. 3 Organizational Structure Type #3:
Matrix Organization.
Why is it important to choose a type of organization?

A type of organization serves as a framework that a firm can use to establish

authority among employees and communication structures. However, it is crucial
that a company chooses a type that suits its needs best. 1. Size Size is a major
determining factor when deciding which type of organization to adopt.

REFERENCES:
1.) BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
BY: DIWA LEARNING SYSTEM INC. 2017
2.) https://search.yahoo.com/search;_
3.) https://search.yahoo.com/search;_ylt=AwrgCqTcATNgN20A7wFXNyo
A;_ylc=X1MDMjc2NjY3OQRfcgMyBGZyA21jYWZlZQRmcjIDc2EtZ3Atc
2VhcmNoBGdwcmlkAzNQN1RYVTFXUk

ASEAN ICON
Lee Kuan Yew (1923-2015)
-is an economic icon and an example of how a leader of a previously undevelop
country can lead to overcome its country’s basic economic problems and move
toward ecionomic growth.
-was the prime minister of Singapore from 1959 to 1990, making him the
longest-serving prime minister in history. During his long rule, Singapore
became the most prosperous nation in Southeast Asia.
-Born in Singapore on September 16,1923,
-became the longest-serving prime minister in world history.
 Before Lee rose through the ranks of his countrys’ political system, Singapore
was a poor nation that is mired in debt and plagued by poverty. When he became
the first prime minister of Singapore in 1959, Lee Kuan Yew introduced a five-
year plan caling for urban renewal and construction of new public housing,
greater rights for women, educational reform, and industrialization. In 1962, Lee
led Singapore into a merger with Malaysia but three years later, Singapore left
the union for good. Lee resigned as prime minister in 1990 and his son became
the prime minister in 2004. He died on March 23, 2015.
Lee has left behind a legacy of an efficiently run country and as a leader who
brought prosperity unheard of before his tenure, at the cost of a mildly
authoritarian style of government and by imposing discipline among his people.
By the 1980s, Singapore, under Lee guidance, had a per capita income second
only to Japan’s in East Asia and the country had become a chief financial center
of Southeast Asia envied by many Asian countries including the Philippines