NAME: Krishia Mae V.

Sarmiento DATE: March 20, 2023

STRAND: ABM

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

ACTIVITY FOR LESSON 1 AND 2

I. APPLICATION

Instruction: Read and analyze the given situation below and fill out the table with the appropriate answers.The
Vesarius Hidalgo Riego V Holdings, Inc. is a well-renowned business company that supplies building materials
and services globally. It was once a simple hardware store who has grown so much over the years. Sir
Vesarius 7 Riego V, the founder of this huge company, once shared that he never really liked the idea of
having a boss that would go around telling him what to do that is why he came up with having a business of his
own. Aside from that, he is really a very ambitious man who has the rags to riches type of life story; the reason
why he is valuing every centavo that is being earned by the company. At present, the VHRV Holdings Inc. is
the mother company of Riego Steels and Riego Engineering and Construction Services with thousands of
employees which are managed by his sons and is continuing to provide opportunities to aspiring architects,
engineers and other workers.

What form/s of What is/are the What is/are the roles Brief Explanation of
business organization purposes of in socioeconomic your answer.
is/are present? establishing the development that
business? were shown from the
situation?
     
The founder of the Building a business Sir Vesarius Riego V
The forms of business company, which is Sir company promotes once started a
organization Vesarius 7 Riego V the socioeconomic business with a simple
presented in the given doesn’t like the idea of development of hardware store that
situation are sole having a boss that people, as it grew to be such a huge
proprietorship that would go around strengthens their company. Just by
progressed into a telling him what to do. hopes by giving them being determined and
corporation. Since the That’s why he decided the opportunity to get valuing every little
owner built a simple to start his own a job and may result in thing, his ambitions
store that gradually business and become a high employment happen to be possible.
grew over time. the boss himself. rate in a country. The business helped
jobless people
providing them work,
which probably might
increase the rate of
economic growth.

RUBRICS:

CRITERIA POITS
Accuracy of content 15
Organization of idea 10
Neatness 5
Total 30

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