Name: Whyljyne Mary D.

Glasanay

Gr & Sec: 12 – Luca Pacioli

Subject: Business Ethics and Social Responsibility

Week: 1-3

THE ROLE OF BUSINESS IN SOCIAL AND ECONOMIC

DEVELOPMENT

What’s New

Activity 1

Sole Proprietorship
1. Sari-Sari Store
2. Barber Shop
3. Clothing Store
4. Beauty Salon
5. Pharmacy
Partnership
1. Hardware Shop
2. Milk Tea Shop
3. Meat Shop
4. Egg Supplier
5. Bakeshop
Corporation
1. Shell Philippines
2. Jollibee
3. Chowking
4. Mang Inasal
5. BDO Unibank
What’s More

Activity 2. Test Your Knowledge

1. C. 6. A.
2. B. 7. A.
3. A. 8. A.
4. D. 9. B.
5. B. 10. A.

Activity 3. Your Turn

FORMS OF BUSINESS
ROLE AND PURPOSE
ORGANIZATION

Sole Proprietorship

In sole proprietorships, the one owner makes all the

1. Fishballan management and business decisions. You hold your time
and decisions.
Providing locals with everything from daily food
2. Sari-Sari Store necessities to cleaning supplies but they are a colorful,
cultural icon that brings together the community.

Partnership

It is a legal form of business operation between two or

more individuals who share management and profits. In a
1. Milk Tea Shop general partnership, manage the company and assume
responsibility for the partnership's debts and other
obligations.
It is a sell household hardware for home improvement
2. Hardware Shop including: fasteners, building materials, tiles, supplies and
other tools.

Corporation

It is to conduct a lawful, ethical, profitable and sustainable

business in order to create value over the long-term,
1. Jollibee
which requires consideration of the stakeholders that are
critical to its success.

Same with Jollibee, in order to create value over the long

2. Macdonald’s
term which requires consideration of the stakeholders.
What I Have Learned?

Activity 4

Responsibilities to
investors and the Responsibilities to
financial employees
community

The Social
Function of the
Business

Responsibilities to Responsibilities to
Customers the General Public

Social
Responsibility

What I Can Do?

Activity 5
Suppose you are going to put up your own company, list down at least ten (10) of your
possible contributions to the socio-economic development in your community.

1. Hire local people directly.

2. Invest in small businesses and entrepreneurs.
3. Help build a playground.
4. Give the cost of the coffee.
5. Spread a message.
6. Organize a fundraiser.
7. Attend a fun run.
8. Providing jobs.
9. Career advancements.
10. Training in areas of low.
Self-Check!

I have understood the lesson well and I can even teach what I learned to
others.

I have understood the lesson but there are still other things that I need to
review and relearn.

I need to do additional work to be able to master the lesson. I need help

with some tasks.

Additional Activity

After doing the activities:

I noticed that each form of the business organization plays a vital
role in the economic development and wealth of the country.
A question I have is “It is hard to have a corporation business?”.
I’m not sure if I understand the lesson rightly.
I realized that businesses must be truthful in disclosing their profits
and financial standing to avoid deceiving investors.
What’s New

As a student, how do you apply accountability, fairness, and transparency?

As a student, I apply accountability, fairness, and transparency by being

completely honest, fair and ethical in my classes, including the papers I write and the
exams and quizzes I take. In our performance task like video and all, and also I help my
classmates in a way I can help them.

What’s More

Activity 1. Test Your Knowledge

1. A.
2. C.
3. D.
4. A.
5. C.

Activity 2. Enrichment
When I am in a workplace, how do I instill professionalism?

When you're at work, concentrate on the task at hand and give it your all to
accomplish it. Applying those three fundamental principles can assist you in becoming
a more trustworthy and productive employee. Those principles are Accountability,
Transparency and Fairness. Showing respect and politeness to your employer and
coworkers will help you build a positive connection with them. Become more
productive and efficient with your time. It's important to accept responsibility for your
actions, both good and bad. No matter where you are, you must respect yourself and
others. Reliability and trustworthiness are shown. Even when unforeseen problems
arise, patience and flexibility are required.
 Reflective Question:
Remember in a classroom setting, how does your teacher or adviser apply accountability,
fairness, and transparency in a class?

My teachers apply accountability, fairness and transparency in class by giving

chance to others to recite, and they understand what we’re going through. If we recited
but it’s not what they want to hear or in short it’s not the right answer well they still give
compliment and they do not embarrass the students. We also have this teacher wherein
he wants us to think that we’re just friends so that the shyness will disappear, and he
approaches us all politely to recite.

What I Can Do?

As a manager what is your stand about the incident? How do you impose consequences to
the employee with fairness?

For me as a manager I will stand about the incident and will give impose
consequences to the employee with fairness by first investigate and review the
employee policy, I’ll communicate clearly with correctional methods and words, I’ll
give verbal warning and finish it with a positive note and give the employee time to
speak in private. He/she apologized and asked for second chance to regain my trust
but I think I need to remove him/her in his/her position besides of having a trust issues
it’s hard to regain my trust because I’ll think that he/she can do it again because she
once do it.

Self-Check!

I have understood the lesson well and I can even teach what I learned to
others.

I have understood the lesson but there are still other things that I need
to review and relearn.

I need to do additional work to be able to master the lesson. I need

help in some tasks.
Additional Activity

After doing the activities:

I noticed that creating jobs has been vital to socio-economic
development.
A question I have is “What happened if the worker don’t work
with trustworthiness, integrity, benevolence, and
competence?”.
I’m not sure if I understand the core principles of fairness,
accountability, and transparency rightly.
I realized that the moral character and technical competence
are viewed as being equally important for worker excellence.
What’s In

Activity 1. Review

LOYALTY RESPECT

INTEGRITY TRANSPARENCY

TRUSTWORTHY

Activity 2. True or False

1. TRUE 6. FALSE
2. FALSE 7. FALSE
3. TRUE 8. TRUE
4. TRUE 9. TRUE
5. TRUE 10. FALSE

Activity 3. Enhancement
1. What do you think is the difference between ethics and morals?

Ethics refers to a specific behavior chosen by the person himself in conducting

himself as right or wrong whereas morals are guiding principles based on someone's
culture or religion.
 2. What is the purpose of policies and procedures in the workplace?

Policies are important in a workplace as it helps reinforce and clarify the

standards expected of employees and help employers manage staff more effectively as it
defines what is acceptable and unacceptable in the workplace . Policies may form part of
the employment contract and often provided to employees in a handbook.

3. What is the importance of good ethics?

Business ethics can help to improve ethical decision-making by managers or

decision makers. The knowledge of business ethics can help them to correctly identify,
diagnose, analyze, and provide solutions to the ethical problems and dilemmas they are
confronted with.

What I Have Learned?

Reflective Question

Professional competence is the broad professional knowledge, attitude, and skills

required in order to work in a specialized area or profession. Disciplinary knowledge
and the application of concepts, processes and skills are required in a test of professional
competence in any particular field.

Activity 4. Your Turn

1. Select one of those ethical issues above mentioned. How would you address them?

Discrimination in the workplace is founded on some prejudgments when an

employee is handled unfairly because of physical disability, race, religion, marital status
or gender. The following guidelines can be used to address employment discrimination:
1. Proper education. Employees should be trained in a varied and inclusive
manner to teach them about preventing discrimination and establishing respect and
teamwork in the workplace.
2. Encourage and build your team as an employee. Maintain a regular schedule
of team-building meetings and activities that highlight employees' knowledge of one
another, resulting in a more pleasant working environment.
3. Proper communication. Create an atmosphere in which employees may freely
and openly discuss and convey their concerns to their managers and coworkers. This will
allow kids to feel safe and protected when faced with discrimination.
 2. What do you think is the role of ethics in the business?

Ethics in business outlines the acceptable and must behaviors in the industry,
promoting integrity and attaining trust from stakeholders. It fulfills the role of being used as
basis and foundation for decision - making and actions in the day-to-day activities of the
business, to perform jobs incorporated with honesty and integrity.

3. How important are Ethics and Social responsibility in the Business?

Ethics is how companies conduct themselves in terms of policies and practice.

Every business should uphold business ethics. Companies that uphold business ethics
shows that they care about their employees and customers or every stakeholder in the
community they belong to. Social responsibility means that the company have a duty to
act for the best interest of the environment and society as a whole. Companies that practice
social responsibility in business bolster their own brand and image. It also attracts
investors as they know that the one of the goal of the company is to do good for the society.
It will also make employees more productive as there would be programs that would boost
their morale.

4. What do you mean by Ethical responsibilities?

Ethical responsibilities signify the adherence to ethical principles and being

accountable in failure of complying with it. These are moral obligations that urge to follow
guided principles and standards as well as strictly refraining from doing specific things
which will produce significant adverse effects to the environment and organization.
Moreover, these are duties that are duly recognized and acted upon from ethical codes and
standards, accompanied by accountability and competence to the actions, judgments and
decisions being made.

Self-Check!

I have understood the lesson well and I can even teach what I learned to
others.

I have understood the lesson but there are still other things that I need to
review and relearn.

I need to do additional work to be able to master the lesson. I need help

with some tasks.
Additional Activity

After doing the activities:

I noticed that ethical values guide us along a pathway to deal
more effectively with ethical dilemmas by eliminating those
behaviors that do not conform to our sense of right and wrong
and our best rational interests without sacrificing others.
A question I have is “What if we don’t find time to learn code
of ethics?”.
I’m not sure if I learned enough for this lesson.
I realized that the purpose of a code of ethics is to provide
guidance and set common ethical standards to promote
consistency in behavior across all levels of employment.