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Bus Ethics q4 Mod1 Responsibilities and Accountabilities of Entrepreneurs
Bus Ethics q4 Mod1 Responsibilities and Accountabilities of Entrepreneurs
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Team Leaders:
School Head : Carlito M. Pontillas
LRMDS Coordinator : Annie Rose C. Rosales
Business Ethics
Quarter 4 – Module 1:
Responsibilities and
Accountabilities of
Entrepreneurs
Introductory Message
This Self-Learning Module (SLM) is prepared so that you, our dear learners,
can continue your studies and learn while at home. Activities, questions, directions,
exercises, and discussions are carefully stated for you to understand each lesson.
Each SLM is composed of different parts. Each part shall guide you step-by-
step as you discover and understand the lesson prepared for you.
In addition to the material in the main text, notes to the Teacher are also
provided to our facilitators and parents for strategies and reminders on how they can
best help you on your home-based learning.
Please use this module with care. Do not put unnecessary marks on any part
of this SLM. Use a separate sheet of paper in answering the exercises and tests. And
read the instructions carefully before performing each task.
If you have any questions in using this SLM or any difficulty in answering the
tasks in this module, do not hesitate to consult your teacher or facilitator.
Thank you.
This module was designed and written to give you knowledge on the
competency of responsibilities and accountabilities of entrepreneurs. When you plan
to be an entrepreneur someday, this module will give you a deep understanding on
the importance of the aforementioned subject matter, especially when you will be
exposed to the field of business.
At the end of the lesson, the learners are expected to appreciate entrepreneur’s
responsibilities to stakeholders and to demonstrate understanding on social
responsibilities of the entrepreneurs: (ABM_ESR12-IVi-1-3.1)
a. employees
b. government
c. creditors
d. suppliers
e. consumers/customer/general public
f. stakeholders
What I Know
Directions: Choose the letter of the correct answer and write it on a separate sheet
of paper.
10. This includes upgrading personal and professional development and enhancing
new knowledge and skills of the employees.
a. education, trainings, and seminars c. payment of wages and taxes
b. safety working condition d. management of performance
11.This responsibility explains that one must maintain loyal and must have trust
with one another.
a. responsibility to the employees c. responsibility to the government
b. responsibility to the customers d. responsibility to the suppliers
12. This responsibility explains that an entrepreneur should adhere to fair labor
laws in hiring employees.
a. responsibility to the customers c. responsibility to the stakeholders
b. responsibility to the employees d. responsibility to the creditors
13. This responsibility advises that an entrepreneur should not correct government
and join anti-social purposes.
a. responsibility to the employees c. responsibility to the stakeholders
b. responsibility to the government d. responsibility to the customers
14. This responsibility advises that an entrepreneur should pay loan and interest
religiously according to the repayment condition.
a. responsibility to the customers c. responsibility to the employees
b. responsibility to the creditors d. responsibility to the government
15. This responsibility advises that an entrepreneur should provide security of
employment.
a. responsibility to the customers c. responsibility to the creditors
b. responsibility to the employees d. responsibility to the stakeholders
Responsibility
https://cdn.pixabay.com/phot
o/2017/03/02/07/36/ethics- This refers to the duty or obligation to
2110621_1280.jpg
satisfactorily perform or complete a task that
is assigned by someone or created by one's
own circumstances which one must fulfill. As businesspeople, we must know that
every action leads to certain effects. One should step off and accept that ignoring
responsibility has consequences, so it cannot be simply ignored.
Accountability
What’s In
What’s New
Directions: Read and analyze the words below. Identify the best group of words
in Column B that perfectly fits the words presented in Column A. Write on a
separate sheet of paper the letter of your choice.
Column A Column B
progress
What is It
Responsibility to
the employees
Responsibility to Responsibility to
the government the customers
Entrepreneur
Responsibility to Responsibility to
the suppliers the stakeholders
Responsibility to
the creditors
source: https://www.goodreads.com/book/show/44316386-start-with-your-people
Payment Compliance of
of Taxes Government
Rules
ENTREPRENEUR
Cooperating with
Government for
Economic
Development
Supplier Entrepreneur
The role of the supplier to the entrepreneur is very important for any business.
They supply raw materials, machinery, and labor. With that, they must pay fair
prices of goods and pay on time. They should inform suppliers of future development
and changes in the demand of commodities.
Bank
Credit Unions
scholarship grants to the children of the employees. They should also promote
good public relations to understand the feelings and opinions of common people.
What’s More
Directions: Read the statement carefully and write on a separate sheet the
corresponding answer provided inside the Phrase Pool.
PHRASE POOL
2. Business operations are interrelated with a wide range of people and societies
throughout the world. They should implement and enforce a code of conduct
that fosters respect for human rights.
3. Provide a human resources development system like the ones that supports
the careers of employees, a self-development support program, and transfer
opportunities for willing employees.
4. Acquisition of new knowledge and skills through the professional and personal
development of employees is a prerequisite and a guarantee of business
success.
5. "What gets measured gets done" is an expression you will often hear when
talking about performance management and the simple meaning behind this
statement is the key to our philosophy of rewarding and managing
performance.
6. Reward employees fairly and attractively, in line with the prevailing conditions
on the local market. Gather data from the labor market on a regular basis.
Ensuring that reward structures remain competitive.
8. When injuries occur though not the fault of their employees, it's their
responsibility to file a claim with their workers' compensation insurance
provider. Businesses must treat their injured employee with respect and file
the claim without attempting to cause a delay in processing or attempt to deter
the worker from filing a claim at all.
9. They are very important in every business. They supply raw materials,
machinery, labor and other materials.
What I Can Do
Let us check on how you will apply the lesson! Compose your own essay
containing at least 2-3 paragraphs. Write your answer in one whole sheet of paper.
You will be graded based on the given rubric below.
Write the essay nicely and it has appropriate content related to the
5
topic
2 Incomplete work
Assessment
Direction: Multiple Choice. Choose the letter of the correct answer. Write the chosen
letter on a separate sheet of paper.
1. The following defines entrepreneurship, except__________?
a. Buying an existing, successful business
b. Working part-time
c. Having an idea and taking risks to start a new business
d. Give wages to its employees
2. ______________is a good reason why not everyone wants to be an entrepreneur.
a. Economic development
b. Increase in capital
c. Improves community
d. Lack of experience and expertise
3. The following are social responsibility and accountability towards the local
community or public, except _______________.
a. saving the environment
b. establishing public utilities
c. providing employment
d. regulating sanitary ordinance
4. The following are social responsibility and accountability towards government,
except _______________.
a. payment of taxes
b. compliance of rules and laws
c. seeking political patronage
d. cooperating for economic development
5. The following are social responsibility and accountability towards employees,
except _______________.
a. holding benefit grants
b. securing employment
c. providing convenient workplace
d. assignment of right job
6. An entrepreneur does the following, except ____________.
a. manages a business for someone else
b. owns controlling interest in the stock of a major corporation
c. manages a business that operates in more than one country
Additional Activities
ENUMERATION: Give ten (10) responsibilities that you will apply if you are an
entrepreneur.
1. ______________________________________
2. ______________________________________
3. ______________________________________
4. ______________________________________
5. ______________________________________
6. ______________________________________
7. ______________________________________
8. ______________________________________
9. ______________________________________
10._________________________________________
References
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-society-
local-community/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-
customers/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-
employees/
https://www.googlesir.com/responsibility-of-entrepreneur-towards-suppliers-
creditors-and-depositor/
https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-
government-institutions/
https://www.investopedia.com/terms/b/business-ethics.asp
https://www.investopedia.com/terms/e/entrepreneur
https://simplicable.com/new/accountability