▪Is an active process which is an integral part

of human society
▪Refers to the difference between the amount
received and the amount spent on something
purchased, produced or manufactured.
▪Provide services to customers rather than
products.
▪Sell customers products they buy from
other business.
▪Turn basic inputs into products which
are sold to consumers.
▪ Create your own business logo. Use separate sheet of paper for your drawing.

▪ Rubrics;
▪ creativity -10
▪ Explicit/implied message of the logo -10
▪ Relevance of the logo to the business -5
▪ totals 25
▪ This is the standard of judging which is exempted from bias or prejudice . In business
context , fairness means balancing the interests involved in all decision-making
including those related to hiring , firing , and the compensation and reward system.

▪ Fairness is giving to a person what is due to him/her. It has something to do with justice
because the employer checks the members have the benefits and burdens distributed
evenly to them.
▪ Examples of fairness;
▪ 1. a boss listening to both sides of the story before judging who is right and who is
wrong
▪ 2. an employer giving 13th month pay to all his/her employees
▪ 3. a person paying the right price for a product purchased or a service received.
▪ The most important aspect of preventing and detecting
corruption is the sound accountability structure.
▪ Accountability is the explication and justification
process. It is about testing , forming a judgement and
taking an action if necessary.
▪ Accountability is therefore an obligation to
demonstrate that work has been carried out in
accordance with agreed rules and standards as
mandated .
▪A cashier admits he/she lost the company’s
collection and it is her/his mistake
▪An engineer who is assigned on a project is
the one to be blamed if the project did not
meet the deadlines.
▪ At the individual level, considers intrinsic or ethical salience as an important
feature of the relational dimension of a person.
▪ A transparent approach makes a person more honest and sincere in his/her
relationships in communicating his/her points of view, and in working actively to
find shared meaning and goals
▪ Examples
▪ Reporting accurately the company’s financial situation and risks to investors
▪ Holding and selecting bids according to an open pre- defined process
▪ Having an open process of decision-making such as in hiring additional employees
▪ Stewardship is defined as utilizing and managing all
resources God provides for the glory of God and
the betterment of his creation.
▪ In the context of the business organization,
stewardship refers to taking responsibility for the
business and the effects it has on the world around
it. It involves considering more than just the bottom
line and looking at elements such as values, ethics
and morals.
▪ 1-3
▪ ________,____________,and_____________ are the three important core principles in
business organization.
▪ 4____________is shown when one listen to the two sides of a story before giving
his/her judgement.
▪ 5____________is shown when one admits his/ her mistake and its responsible for it.
▪ ESSAY 5 POINTS EACH
▪ I could say fairness by_____________________________________________________.
▪ I could say accountability by_______________________________________________.
▪ I could say transparency by________________________________________________.