Notes Prelims-Finals

Give at least 4 unethical business practices.

OVERBILLING, POOR QUALITY MATERIALS, ACCOUNTING MANIPULATION, MAKING
FALSE CLAIMS

A company hide the its true status and present a better picture of its financial
statements to investors.
ACCOUNTING MANIPULATION

Dermatological services with exaggerated advertisement end up lawsuit

because of excessive claims on their beauty products and services.
MISLEADING ADVERTISEMENT

Managers should be role models to establish their integrity and credibility

among their employees and customers as well.
BEING A LEADER

The five components of a code of ethics.

VALUES, PRINCIPLES, MANAGEMENT SUPPORT, PERSONAL RESPONSIBILITY,
COMPLIANCE

Give at least 5 core principles of business ethics.

HONESTY, INTEGRITY, RESPECT, MORALE, FAIRNESS

All directors, officers, and employees shall ensure compliance with all disclosure
requirements, making sure that all disclosures of material information’s are full, fair,
accurate, clear, and timey.
AYALA CORPORATION'S CODE OF ETHICS

Failure to refund a complaining customer as well as being rude.

CUSTOMER SERVICE FAILURE

It focuses on giving the students questions rather than answers.

SOCRATIC METHOD

Plato's dialogue which dealt with historical events, particularly about Socrates.
THE APOLOGY AND CRITO
A business organization sells the products/services without any misrepresentation
or exaggeration of features.
HONESTY

Dermatological services with exaggerated advertisement end up lawsuit because of

excessive claims on their beauty products and services.
MISLEADING ADVERTISEMENTS

There are advertisements which mislead consumers by making promises which the
product cannot really deliver.
MISLEADING ADVERTISEMENTS
Purposes of establishing a business.
MONEY, CONTROL, ADVENTURE, SERVICE

A business organization that has a separate legal personality from its owners.
CORPORATION

A philosophical school founded by Aristotle.

LYCEUM

A company hide its true status and present a better picture of its financial
statements to investors.
ACCOUNTING MANIPULATION

The famous work of Plato which deals with the Socrates discussion on justice and its
meaning to individuals and city-states.
THE REPUBLIC

This unethical business practice is common among managers who take credit for
something which they are not a part of.
MAKING FALSE CLAIMS

All members of the business organization, from top management down to the line,
should practice ethical standards that will morally uphold the organization and
sustain its credibility, and integrity at all time.
BUSINESS ETHICS

It combines the attribute of partnership and corporation

LIMITED LIABILITY COMPANY (LLC)

Aristotle wrote a dialogue that dealt with logic and dialectic.

THE TOPICS AND ANALYTICS
It addresses the loss of confidence in financial reporting.
SARBANES-OXLEY ACT

It refers to as a person-based ethics which looks at the moral character of the person
carrying out a particular action.
VIRTUE ETHICS

In a company, managers should be role models to establish their integrity and

credibility among their employees and customers as well.
BEING A LEADER

A business owned by one person who has complete control and authority of its own.
SOLE PROPRIETORSHIP

Credit collection agencies who antagonize and threaten credit card customers for
non-payment of debt damage the reputation of credit card companies and the banks
issuing the credit cards.
CUSTOMER SERVICE FAILURE

It is the deliberate failure to pay taxes due to a business

TAX EVASION

An obligation of the company to help the community in worthwhile projects which are
beneficial to the people in the community.
PHILANTHROPIC OBLIGATIONS

A concerted initiative to contribute to sustainable development through efforts that

are economically, socially, and environmentally beneficial to stakeholders.
CORPORATE SOCIAL RESPONSIBILITY

The author is the only one who can make copies of a literary or artistic work such as
a book, a painting, a sculpture, a photograph, or a motion picture.
COPYRIGHT

It refers to the designs or schematic used in the manufacture of electrical equipment

such as radio, computer, washing machine, and other appliances.
INTEGRATED CIRCUITS

The protection given under intellectual property is that the name cannot be used by
another organization.
TRADE NAME
It is the primary responsibility of a company to help develop the economy and
achieve a status of development on a par with other countries, generate employment
and distribute goods and services for public use and consumption.
ECONOMIC OBLIGATION

The right granted to protect the nonfunctional features of a product which constitute
its visual appeal that can attract or induce consumers to purchase the said product.
INDUSTRIAL DESIGN

Business organization practice fairness and honesty in all dealings with the
consumers. All transactions should be legal and in accordance with ethical standards
and practices.
SOCIAL RESPONSIBILITY TO CUSTOMERS

It is an orderly and compulsory manner of raising money to finance the government

projects for better delivery of services to the people.
TAXATION

Company operations should be within the bounds of law and pay its taxes and get the
necessary permits in the operation of business.
LEGAL OBLIGATIONS

The inventor is given benefits like the exclusivity of use of his or her invention,
provided that there is full disclosure of the said invention for public consumption so
that can benefit and at the same time be given the chance to further develop the said
invention.
PATENT

It refers to the aesthetic aspect of a material.

INDUSTRIAL DESIGN

An effort to strike a balance between maintaining the needs of the present and the
ability of future generations to meet their needs through the preservation of
environment.
SUSTAINABLE DEVELOPMENT

A company should be profitable for the good of the public.

THE CONCENTRIC CIRCLES MODEL

The giving of gifts or favors to influence a person’s or company’s decision.

BRIBERY
Rex post negative comments against his employer.
CONFLICT OF INTEREST

The Philippines used to have Manila hemp, which is a fiber named after the abaca
plant, which is cultivated and processed in the Philippines.
GEOGRAPHIC INDICATIONS

Customers must not be deprived of the basic needs for survival.

RIGHT TO BASIC NEEDS

What are the two categories of intellectual property?

INDUSTRIAL PROPERTY AND COPYRIGHT

Kaye works for a company but also owns a business similar in nature to her
employer.
CONFLICT OF INTEREST

A company that prioritize the protection of the environment as a personal choice. For
these individuals, they believe it is a responsibility and part of lifestyle.
LIGHT GREEN PRINCIPLES

What are the four aspects of corporate social responsibility?

ECONOMIC, LEGAL, ETHICAL, PHILANTHROPIC

An intentional and deliberate action or decision that results in getting personal gain,
while adversely affecting the company.
CONFLICT OF INTEREST

What are the three models of corporate social responsibility?

PYRAMID MODEL, INTERSECTING CIRCLES MODEL AND CONCENTRIC CIRCLES MODEL

Mr. Suarez has the right to acquire the skills needed to always be an informed
customer.
RIGHT TO EDUCATION

The employee’s right to be heard before a decision for termination is made.

DUE PROCESS

The four aspects of social responsibility, overlap with each other, showing their
interrelationships. The interrelationships allow for flexibility because managers are
free to use the company’s resources not solely on one aspect but undertake
endeavors that address several aspects.
THE INTERSECTING CIRCLES MODEL
It refers to all artistic creations like poems, novels, music, paintings, and
cinematographic works.
COPYRIGHT

Customers must not be deprived of the basic needs for survival.

Right to Basic Needs

A business organization or company can define each shade in their own ways
depending on how they interpret the corresponding environmental values for each
shade.
Shade of Green

Below are the models of corporate social responsibility, EXCEPT.

Corporate Social Responsibility Model

Consumers have the right to participate in the information and execution of policies and
guidelines on consumer welfare and protection.

Right to Representation

It is the social responsibility of manufacturers or service providers to honor or

comply with the provisions of sales contract.
Social Responsibility to Customers

A company that prioritizes the protection of the environment as a personal choice.

For these individuals, they believe it is a responsibility and part of lifestyle.
Light Green

Kaye works for a company but also owns a business similar in nature to her
employer.
Conflict of Interest

Consumers are entitled to courteous treatment by sellers, and they also have the
right to complain when the product or service does not meet the expectations as
advertised and communicated by the company representatives.
Social Responsibility to Customers

The designs used in the manufacture of electrical equipment such as radio,

computer, washing machine, and other appliances. These electrical circuits involve
high-capital investment because of the expensive parts used in the design.
Integrated Circuits
Below are the basic rights of customers, EXCEPT.
Right to Due Process

Companies should avoid emitting toxic wastes or causing pollution in the course of
their operations.
Ethical Obligation

Company operations should be within the bounds of law and pay its taxes and get the
necessary permits in the operation of business.
Legal Obligation

Cricel and Jemboi have the right to be safeguarded against goods and services that
are hazardous to human health.
Right to Safety

Trisha gives gift to her supplier in exchange of more supplies.

Bribery

An orderly and compulsory manner of raising money to finance government projects

for better delivery of services to the people.
Taxation

The community benefits from policies on the proper disposal of wastes and eco-
friendly packaging.
Stakeholder Green

In achieving, profitability, the company should act morally in all its dealings. While
complying with legal requirements, it should cooperate with the government in
fighting inflation and adopting measures to prevent pollution. Lastly, in reaping
profits the company should have programs that will improve the social environment.
The Concentric Circles Model

Business organization practice fairness and honesty in all dealings with the
consumers. All transactions should be legal and in accordance with ethical standards
and practices.
Social Responsibility to Customers

The employee’s right to be heard before a decision for termination is made.

Due Process

Rex post negative comments against his employer.

Conflict of Interest

The inventor is given benefits like the exclusivity of use of his or her invention,
provided that there is full disclosure of the said invention for public consumption so
that can benefit and at the same time be given the chance to further develop the said
invention.
Patents

Mary has the right to be properly informed and not be misled by dishonest
advertisements, labels or packaging and entitled to honest and truthful information.
Right to Information

The four aspects of social responsibility, overlap with each other, showing their
interrelationships. The interrelationships allow for flexibility because managers are
free to use the company’s resources not solely on one aspect but undertake
endeavors that address several aspects.
The Intersecting Circles Model

Roy uses a tactic of deliberately finding a way to avoid payment of taxes or pay lower
taxes by using methods such as transferring to a city where taxes are lower.
Tax Avoidance

Mr. Suarez has the right to acquire the skills needed to always be an informed
customer.
Right to Education

Employees should be provided with a safe work area with proper seats, good lighting
and ventilation, adequate passageways, exits, fire-fighting equipment, separate
facilities for men and women, gear, masks, safety shoes, coats and uniforms,
medicine supplies, and first aid kits.
Social Responsibility to Employees

The Philippines used to have Manila hemp, which is a fiber named after the abaca
plant, which is cultivated and processed in the Philippines.
Geographic Indication
The protection given under intellectual property is that the name cannot be used by
another organization.
Trade Names

Consumers have the right to be compensated or reimbursed on any purchase of

goods and services which do not meet the expected standards of quality.
Right to Redress

The primary responsibility of a company to help develop the economy and achieve a
status of development on a par with other countries; generate employment; and
distribute goods and services for public use and consumption.
ECONOMIC OBLIGATION

Ms. Kc has the exclusive right to make, import, sell, hire, or offer for sale articles to
which the design is applied.
INDUSTRIAL DESIGN

An effort to strike a balance between maintaining the needs of the present and the
ability of future generations to meet their needs through the preservation of the
environment.
SUSTAINABLE DEVELOPMENT

It leads to poor product quality and eventually affects customers’ patronage.

BRIBERY

In 2016, Unilever’s manufacturing operations are expected to reduce carbon dioxide

emissions by 3%, global energy use by 2%, and water use by 3%.
CORPORATE SOCIAL RESPONSIBILITY

The author is the only one who can make copies of a literary or artistic work such as
a
COPYRIGHT

A company should be profitable for the good of the public.

THE CONCENTRIC CIRCLES MODEL

There are Florida oranges and Washington apples named after the American states.
GEOGRAPHIC INDICATIONS

The right granted to protect the nonfunctional features of a product which constitute
its visual appeal that can attract or induce consumers to purchase the said product.
INDUSTRIAL DESIGN

Many of consumers now prefer to buy environment-friendly goods and services.

MARKET GREEN

Modified true or false

Companies should be honest in disclosing the potential harm that a product may
cause.
TRUE

Conflict of interest can be prevented by establishing formal ethical standards and

policies on unethical behavior.
TRUE

Intellectual property includes trademarks, layout designs of integrated circuits,

commercial names and designations, as well as geographical indications, and
protection against unfair competition.
INDUSTRIAL PROPERTY

Suppliers should not be treated as the company’s partners.

SHOULD BE TREATED

Trademarks is a combination of signs in the form of words, numerals, pictures,

shapes, and colors which differentiate one product.
TRUE

Tax avoidance is intentional and failure to pay taxes due to a business.

TAX EVASION

Right to education, consumers are free to select from an array of quality products
and services available in the market
RIGHT TO CHOOSE

Suppliers are the most important asset in an organization or company.

EMPLOYEES

Entrepreneurs should take advantage of the customers’ age, status, lack of

knowledge, or physical disability to make a sale.
SHOULD NOT
Workloads should be beyond what the employees can undertake.
SHOULD NOT

Social enterprise sells products and services and the revenue generated is used to
fund an organization which runs the program that the social enterprise supports.
ORGANIZATIONAL SUPPORT MODEL

The workforce is well- taken care of through fair wages and benefits and better
working conditions.
EMPLOYEES ARE TREATED FAIRLY

A social business model that charge clients with certain fee for services rendered
like hospitals, schools, and museums.
FEE-FOR-SERVICE MODEL

It is a framework that a social enterprise follows to fulfill its mission and maintain its
financial stability.
SOCIAL BUSINESS MODEL

A social enterprise that strives to work for a cause does it with pleasure.
JOY IN EVERY TASK

Give at least two examples of social enterprises.

MICROFINANCE INSTITUTIONS, BANKING SERVICES,
HAPINOY, RAGS2RICHES

Social enterprises sell products and earn income through mark up or commission
from reselling products.
PRODUCTS

It is a business model with the objective of solving social issues and problems while
providing goods and services.
SOCIAL ENTERPRISE

Give at least four principles of social enterprise.

MOTIVATED BY A CAUSE, FINANCIAL AND ECONOMIC SUSTAINABILITY IN THE LONG TERM, NO
DIVIDEND FOR INVESTORS, PROFITS GENERATED REMAIN, SENSITIVE TO GENDER AND
ENVIRONMENTAL ISSUES, EMPLOYEES ARE TREATED FAIRLY, JOY IN EVERY TASK

Social enterprises which operate through membership collect fees in exchange for
newsletters, discounts, insurance, etc.
MEMBERSHIP DUES

A social enterprise that provide assistance to sari-sari store owners.

HAPINOY

Give at least three types of social enterprises.

SOCIAL FIRMS, COMMUNITY ENTERPRISES, COOPERATIVE, CREDIT UNIONS
COMMUNITY DEVELOPMENT FINANCE INSTITUTIONS, DEVELOPMENT TRUSTS, PUBLIC
SECTOR SPIN-OUTS, TRADING ARMS OF CHARITIES, FAIR TRADE ORGANIZATIONS

It is driven by a cause or purpose as well as the need to address an issue or problem.

SOCIAL ENTERPRISE

A social enterprise does not aim to maximize profit but rather solve or overcome
certain issues on health, etc.
MOTIVATED BY A CAUSE

Investments are returned to the investors, whatever profit generated remain in the
company for expansion or improvement of operations.
PROFITS GENERATED REMAIN

Give at least three method of income generation.

FEE-FOR-SERVICE, PRODUCTS, SERVICES

It can be taken from interests on savings deposits, bonds, etc.

INVESTMENT

Give at least four social business models.

SERVICE SUBSIDIZATION MODEL, ORGANIZATIONAL SUPPORT MODEL, MARKET LINKAGE
MODEL, COOPERATIVE MODEL

It helps people renew their support networks and assist them in finding jobs,
particularly those who are disabled and have experienced trauma and mental health
problems.
SOCIAL FIRMS

They are recognized as the government's partner in bringing social services to the
poor.
NGOs

The two pending bills in Senate specifically for social enterprises.

PRESENT AND THE SOCIAL VALUE BILL

These become a channel for poverty reduction by providing capital to small start-up
businesses.
MICROFINANCE, COOPERATIVES
COOPERATIVES, MICROFINANCE
PRESENT means _________.
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP

They are non-profit organizations that uphold worthy and noble causes.
NGOs

A bill that proposes additional benefits given to society for the public procurement of
goods and services over and above the direct value of good or service obtained by
the government.
THE SOCIAL VALUE BILL

They developed a definition of social enterprise with SEPPS.

ISEA

It provides tax exemptions for microenterprises.

MICRO ENTERPRISE DEVELOPMENT INSTITUTION ACT

It assists small and medium scale enterprises in starting up their businesses.

GO NEGOSYO ACT

They defines social enterprise as a social mission-driven organization that conducts

economic activities providing goods and services directly related to their primary
mission of improving the well-being of the poor, basic and marginalized sectors and
their living environment.
PHILSEN

A bill that encourages tax exemptions, marketing assistance, priorities in non-

collateral loans, and introduction of social entrepreneurship in schools.
PRESENT BILL

In 2007, how many social enterprises operating in the country?

30,000

It is a social, mission-driven, wealth-creating organization that has double or triple

bottom line explicitly has a principle objective poverty reduction.
SOCIAL ENTERPRISE

It is the venue for consultation and discussion among various social enterprise
activities.
PHILSEN

The first university in the Philippines that offers a degree program in Social
Entrepreneurship.
ATENEO DE MANILA UNIVERSITY
Sen. Juan Miguel Zubiri, create a bill that encourages tax exemptions, marketing assistance,
priorities in non-collateral loans, and introduction of social entrepreneurship in schools.
PRESENT BILL
There are Florida oranges and Washington apples named after the American states.
GEOGRAPHIC INDICATIONS
One of the top 30 social entrepreneurs listed in Forbes in 2011 were Sam Goldman and Ned
Tozun of D. Light Design which manufactures cheap lamps for areas where electricity is
unreliable.
SOCIAL ENTERPRISE
Skills or expertise can be offered by social enterprises in exchange for a fee. Mental health
clinics which give counseling services and preschools that offer daycare services for a fee.
SERVICES
It provides loan and other investment facilities for small businesses and start-up social
enterprises. COMMUNITY DEVELOPMENT FINANCE INSTITUTIONS
It seeks to build a community through the management of property like housing.
DEVELOPMENT TRUST
Deliver basic services previously provided by the public sector organizations.
PUBLIC SECTOR SPIN-OUTS
There are community representatives who comprise the board of directors of the social
enterprise.
COMMUNITY ENTERPRISES
Ensure that small producers like farmers get a fair price for their product.
FAIR TRADE ORGANIZATIONS
The Philippines used to have Manila hemp, which is a fiber named after the abaca plant,
which is cultivated and processed in the Philippines.
GEOGRAPHIC INDICATIONS

Ensure that small producers like farmers get a fair price for their product.