Professional Documents
Culture Documents
pe
tP
ro
L E Senior High School
m
en
S A
rn
ov
e R
G
F O
T
NO
Business Ethics and
Social Responsibility
Quarter 4 – Module 3
The Business Responsibilities
and Accountabilities
Republic Act 8293, section 176 states that: No copyright shall subsist in any
work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other things,
impose as a condition the payment of royalties.
Introduction ------------------------------------------------------------------------------------------ 2
Pre-test ------------------------------------------------------------------------------------------------ 4
Lesson 1 ---------------------------------------------------------------------------------------------- 6
Lesson 2 ---------------------------------------------------------------------------------------------- 16
Lesson 3 ---------------------------------------------------------------------------------------------- 25
Assessment ------------------------------------------------------------------------------------------ 35
References ------------------------------------------------------------------------------------------- 38
What I Need To Know
Module Content
GENERAL INSTRUCTIONS
the practice of sound business
______ 3.Entrepreneurs have the responsibility to pay for the agreed prices with
the suppliers.
a. Give Guarantee of Minimum Price
b. Pay Fair Prices of Goods at a reasonable time
c. Sensible and Attractive Salary
d. Humane Behavior towards employees
______ 4.The entrepreneurs should give the assurance of lowest prices to the
suppliers so that the certainty of the price will be sustained.
a. Pay Fair Prices of Goods at a reasonable time
b. Humane Behavior towards employees
c. Give Guarantee of Minimum Price
d. Sensible and Attractive Salary
3
______ 6.This model is followed by entrepreneurs on the purpose to increase the
profit of the company.
a. Integrative Model
b. Philanthropic Model
c. Economic Model
d. Social Web Model
______ 8.Making sure that the physical environment of the workers is well taken-
cared of by providing good lighting, proper temperature and workable space
for the employees is an accountability by the entrepreneur.
a. Sensible and Attractive Salary
b. Pay Fair Prices of Goods at a reasonable time
c. Provide Best Working Environments
d. Assumption of Welfare Arrangements
______ 9.Truthful and honest in advertising are very essential in marketing the
product.
a. Right and True Advertising
b. Assumption of Welfare Arrangements
c. Promote Healthy Competition
d. Pay Fair Prices of Goods at a reasonable time
______ 10. Any unhealthy and hostile competitions among suppliers should not
be allowed by the entrepreneur.
a. Provide Best Working Environments
b. Assumption of Welfare Arrangements
c. Pay Fair Prices of Goods at a reasonable time
d. Promote Healthy Competition
Learning Objectives:
4
At the end of the week, it is expected that the learners must be able to:
What’s In
As an
entrepreneur, what
are my
responsibilities to
my stakeholders?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_______
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
5
__________________________________________________________
__________________________________________________________
_______
3. What are my responsibilities to my creditors?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_______
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_______
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_______
What’s New
What Is It?
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
7
2. Assignment of Right Jobs
Taking into consideration the technical and the educational background of the
employees in assigning them to the job where they are good at. No
mismatching of jobs with employees’ qualification.
The entrepreneur should give their employees job security in the organization
so that these employees will be motivated to work with utmost dedication and
commitment. Employees will no longer have fear to lose the job and thus,
develops higher degree of faith with their employer.
Making sure that the physical environment of the workers are well taken-cared
of by providing good lighting, proper temperature and workable space for the
employees is an accountability by the entrepreneur. This will make the
workers comfortable working in their own department.
There are instances when employers share their profits to the employees.
This is based on the principle that profit of the organization is not of the owner
alone but also for the rest of the employees of the organization. This can be
one of the responsibilities of the entrepreneur.
8
The employees should also have full knowledge of all these service conditions
that may cover promotions, appointment, penalties, suspensions and
dismissals as well as retirements, service period. There must be clear and
well-defined structure of these areas of employment.
One way of inspiring employees to aspire for higher quality of work is to give
them incentives and salaries. These provisions will be beneficial to both the
workers and the enterprise.
On the other hand, entrepreneurs also have responsibilities to their suppliers and
creditors. Entrepreneurs are accountable of the following:
9
1. Determination of Fair Prices – Entrepreneurs should identify just process for
the goods and services so that customers will develop trust on the product
and in the long run, they also develop loyalty to the business as well as to the
product.
5. Right and Truthful Advertising – Truthful and honest in advertising are very
essential in marketing the product. It is a moral and a social responsibility of
the entrepreneurs.
What’s More
10
The entrepreneur should comply with the laws concerning attainment of
licenses for a particular business, running of the business, price identification
and even production of goods and services.
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
11
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Remember these key points:
__________________________________________________________
Responsibilities of an entrepreneurs to his employees:
Sensible and attractive salary
__________________________________________________________
Assignment of right jobs
__________________________________________________________
Provide security of employment
Provide best working environments
__________________________________________________________
Assumption of welfare arrangements
__________________________________________________________
Humane behavior towards employees
Formation of small business relation
__________________________________________________________
Participation in profits management
Definite service
Espouse incentives wages structure
12
Self-Check!
Great job! You have completed Lesson 1 successfully! Before going to the
next lesson, check the icon that best shows your learning experience.
I have understood the lesson but there are still other things
that I need to review and relearn.
If you checked the first icon, you are ready for lesson 2. If you have checked
the second icon, you need to review the things that you need to relearn. If you have
checked the third icon, it would be best if you read more and ask help from your
teacher, parents or peers in clarifying the lessons that you find difficult. Be honest so
that you will truly improve.
Additional Activity
I noticed
___________________________________________________
A question I have is
___________________________________________________
I realized
___________________________________________________
Lesson Major Ethical Issues in
2 Entrepreneurship
What’s In
Learning Objectives:
At the end of the week, it is expected that the learners must be able to;
What’s New
Activity 1. Review
__________________________________________________________
14
__________________________________________________________
__________________________________________________________
__________________________________________________________
2. What do you think is the purpose of moral principles especially in business?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
______________
3. What ethical principle in life that you might use it also as your guiding principle
in your future business?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
______________
What Is It?
The following are the most common ethical issues encountered by
entrepreneurs:
Favouritism/Partiality
Copyright Violation
15
The mistake of infringing copyrights of other businesses is an abuse of the law. It is
important that you should ask permission from the rightful owner before you use their
own creations for business.
Entrepreneurs asking too much work from their employees without even
understanding their situations is unethical. Entrepreneurs should know their limit in
assigning workloads to their employees.
Dishonesty in declaration of assets and income just to get lower tax is unethical. It is
important that the entrepreneur should not mix personal and business expenses. Not
doing it right mind end up in trouble with the law.
Claiming Income
Hiding income generated and not declaring it may hamper the business because it
will deprive the government from collecting from these entrepreneurs. This qualifies
as unethical because there is dishonesty in this situation.
It can be very tempting to slightly exaggerate things while on the hunt for investment
and it is a very slippery slope with no real upside. You either lose credibility/trust later
on or commit yourself to an unrealistic timeline that will only frustrate those who have
bought into your dream. Be optimistic but realistic with where challenges might
occur. Openness and honesty help ensure a good fit.
Hiring people to write fake reviews about the company is unethical. There also
companies being paid just create fake survey results just like TV ratings. This action
is not ethical because these businessmen are giving fake information about their
company just to appear positive online.
16
What’s More
Activity 2
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_______________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_______________________________________________________________
17
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_______________________________________________________________
18
4. Formulate your own ethical principles reagarding customer service as a future
entrepreneur.
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_______________________________________________________________
1. Was Engineer Imar right in accepting the gift certificates? Why? Or Why not?
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
___________________________________________________________
____________________________________________________________
____________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
19
2. If you were Engineer Imar, would you do the same? Why? Or why not?
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
___________________________________________________________
____________________________________________________________
____________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
________________________________________________________
3. In case you were Angel Press and you knew about it; how will you handle the
situation?
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
___________________________________________________________
____________________________________________________________
____________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
________________________________________________________
20
Write a situation in your life where you also encountered the similar situation with
21
Engineer Imar. How did you handle the situation?
Reflect on your drawing by answering the question below. Discuss your insights with
your classmates and teachers during the face-to-face or online conference.
How do you describe the activity? How does your drawing relate to you and you’re
your life?
Remember these key points:
22
Hiding Blemishes During Fundraising
Merging Personal and Business Accounts
Hiring someone to write fake reviews
Self-Check!
Great job! You have completed Lesson 2 successfully! Before going to the
next lesson, check the icon that best shows your learning experience.
I have understood the lesson but there are still other things
that I need to review and relearn.
If you checked the first icon, you are ready for lesson 3. If you have checked
the second icon, you need to review the things that you need to relearn. If you have
checked the third icon, it would be best if you read more and ask help from your
teacher, parents or peers in clarifying the lessons that you find difficult. Be honest so
that you will truly improve.
Additional Activity
I noticed
___________________________________________________
A question I have is
___________________________________________________
I realized 23
___________________________________________________
Models and Framework of Social
Lesson Responsibility in the Practice of Sound
3 Business
Learning Objectives:
At the end of the week, it is expected that the learners must be able to:
What’s In
Activity 1.
Read and analyze the quotes on social responsibility by famous personalities and
write your comments after every quote.
Comment:_________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
24
___________________________________________________________
______________________________________________________________
“Corporate social responsibility is measured in terms of
businesses improving conditions for their employees,
shareholders, communities, and environment. But moral
responsibility goes further, reflecting the need for corporations to
address fundamental ethical issues such as inclusion, dignity,
and equality.” –
Klaus Schwab
Comment:_________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
___________________________________________________________
______________________________________________________________
Comment:_________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
___________________________________________________________
______________________________________________________________
25
“Business has a responsibility beyond its basic responsibility to its
shareholders; a responsibility to a broader constituency that
includes its key stakeholders: customers, employee, NGOs,
government - the people of the communities in which it operates."
-
Courtney Pratt, Former CEO Toronto Hydro.
Comment:_________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
___________________________________________________________
______________________________________________________________
What’s New
Activity 2
26
Suppose you are an entrepreneur. How will you redesign your social
responsibility while the country is experiencing a health crisis?
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
___________________________________
What Is It?
The four Models and Frameworks of Social Responsibility are the following:
What’s More
27
Carroll's pyramid model of corporate social responsibility (Carroll, 1991).
Activity 3
Give your insights on the following:
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
_____________________________________________________________
2. How important are the social responsibilities to corporations?
__________________________________________________________
__________________________________________________________
28
__________________________________________________________
__________________________________________________________
3. How does society benefit from the social responsibilities done by big
corporations?
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
____________________________________________________________
Activity 4
Suppose you are going to open an online business just in time for the
health crisis. One of the aspects that you need to iron out for the business is its
social responsibility. Create your own structure of social responsibility for 2021.
29
CSR Model Objectives Resources Activities Time Frame
Answer the following:
1. Discuss the proposed framework above and explain its significance to the
practice of sound business.
________________________________________________________
________________________________________________________
________________________________________________________
__________________________________________________________
___________________________________________________________
___________________________________________________________
__________________________________________
30 _________________
___________________________________________________________
___________________________________________________________
2. How does your proposed framework contribute in uplifting the situation of the
community being hit by COVID-19?
________________________________________________________
________________________________________________________
________________________________________________________
__________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
___________________________________________________________
_____________________________________________________________
_________________
Reflection:
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
31
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Self-Check!
__________________________________________________________
Great job! You have completed Lesson 3 successfully! Before going to the
__________________________________________________________
next lesson, check the icon that best shows your learning experience.
__________________________________________________________
__________________________________________________________
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.
If you checked the first icon, you are ready for the next module. If you have
checked the second icon, you need to review the things that you need to relearn. If
you have checked the third icon, it would be best if you read more and ask help from
your teacher, parents or peers in clarifying the lessons that you find difficult. Be
honest so that you will truly improve.
Additional Activity
I noticed
___________________________________________________
A question I have is
___________________________________________________
I realized
___________________________________________________
32
Assessment
Let check how much you learned from this module’s coverage
Direction. Answer the 10-item Simple Recall Test and write your answers on the
blank provided before the number.
______ 2. Entrepreneurs should identify just process for the goods and
services so that customers will develop trust on the product and in the long
run, they also develop loyalty to the business as well as to the product.
a. Determination of Fair Prices
b. Not to Seek Political Patronage by Unfair Means
c. Formation of Small Business Relations
d. Right and True Advertising
______ 3. It is the responsibility of the entrepreneur not to seek for any political
support through provision of unnecessary economic help to any political party
or politicians especially during elections.
a. Formation of Small Business Relations
b. Right and True Advertising
c. Not to Seek Political Patronage by Unfair Means
d. A and B are correct
______ 5. Making sure that the physical environment of the workers is well
taken-cared of by providing good lighting, proper temperature and workable
space for the employees is a responsibility by the entrepreneur
a. Sensible and Attractive Salary
b. Pay Fair Prices of Goods at a reasonable time
c. Provide Best Working Environments
d. Assumption of Welfare Arrangements
33
______ 6. Truthful and honest in promotions are very crucial in marketing the
merchandise.
a. Right and True Advertising
b. Assumption of Welfare Arrangements
c. Promote Healthy Competition
d. Pay Fair Prices of Goods at a reasonable time
______ 7. Any unhealthy and hostile rivalries among dealers should not be
permitted by the entrepreneur.
a. Provide Best Working Environments
b. Assumption of Welfare Arrangements
c. Pay Fair Prices of Goods at a reasonable time
d. Promote Healthy Competition
Congratulations!
You have completed your journey in this module. You did a
great job! It is now time to go on to the next adventure…
Good luck!
Answer Key
34
Pre-assessment Test
1. A
2. C
3. B
4. C
5. D
6. C
7. B
8. C
9. A
10. D
Post-assessment Test
1. D
2. A
3. C
4. A
5. C
6. A
7. D
8. C
9. C
10. C
References
35
https://www.researchgate.net/figure/Carrolls-pyramid-model-of-corporate-social-
responsibility-Carroll-1991_fig1_308937632
https://hbr.org/2020/04/coronavirus-is-putting-corporate-social-responsibility-to-the-
test
https://www.googlesir.com/responsibility-of-entrepreneur-towards-suppliers-
creditors-and-depositor/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-
employees/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-
government-institutions/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-customers/
https://images.app.goo.gl/aNyzzqNVfAXo3hRU7
36
For inquiries or feedback, please write or call:
Department of Education – Division of Misamis
Oriental
Don A. Velez St., Cagayan de Oro City
Contact No. (08822) – 724615 / (088) 856 – 4454
Email Address: misamis.oriental@deped.gov.ph
depedmor@gmail.com
37