JECEL LIZARDO BSBA2-2

1. What is a corporation to you?

Answer: A corporation is a business entity that is owned by its

shareholder(s), who elect a board of directors to oversee the organization’s
activities. The corporation is liable for the actions and finances of the
business – the shareholders are not. Corporations can be for-profit, as
businesses are, or not-for-profit, as charitable organizations typically are.

2. What, for you, are the values and mores that make up a good organization?

Answer: The key to a successful organization is to have a culture based on a

strongly held and widely shared set of beliefs that are supported by strategy
and structure. When an organization has a strong culture, three things
happen: Employees know how top management wants them to respond to
any situation, employees believe that the expected response is the proper
one, and employees know that they will be rewarded for demonstrating the
organization's values.

3. What do you believe the management's role is in a company's survival?

Answer: It is responsible for growth and survival of organization. Essentials

for Prosperity of Society - Efficient management leads to better economical
production which helps in turn to increase the welfare of people. Good
management makes a difficult task easier by avoiding wastage of scarce
resource.

4. Do you believe that corporations should behave ethically and be morally

accountable to society at large?

Answer: Yes, because business ethics enhances the law by outlining

acceptable behaviors beyond government control. Corporations establish
business ethics to promote integrity among their employees and gain trust
from key stakeholders, such as investors and consumers.