Professional Documents
Culture Documents
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Business Ethics and
Social Responsibility
Quarter 2 – Module 2-4
The Business Responsibilities
and Accountabilities
Introduction ------------------------------------------------------------------------------------------ 2
Pre-test ------------------------------------------------------------------------------------------------ 4
Lesson 1 ---------------------------------------------------------------------------------------------- 6
Lesson 2 ---------------------------------------------------------------------------------------------- 16
Lesson 3 ---------------------------------------------------------------------------------------------- 25
Assessment ------------------------------------------------------------------------------------------ 35
References ------------------------------------------------------------------------------------------- 38
What I Need To Know
Module three offers lessons that will help the leaners to understand
deeply the social responsibilities and accountabilities of an entrepreneur.
This allows the leaners to develop the needed competencies that they
need to achieve for this quarter. Finally, the development team hopes that
learners will enjoy doing this module.
Module Content
2
GENERAL INSTRUCTIONS
3
What I Know
______ 1. Its payment usually of money for labor or services usually according to
contract and on an hourly, daily, or piecework basis.
a. Payment
b. Salary
c. Wage
d. Benefits
a. Payment
b. Salary
c. Wage
d. Benefits
a. Payment
b. Salary
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c. Wage
d. Benefits
b. The Passion to find motivation when you are discouraged, and it will
drive to move forward.
a. Contractors
b. Crew
c. Employee
d. Employer
______ 6. It is an authority which employs and pays individual who are in contract
for their labor. It may be an individual person, or it may be a company
representing many people.
a. Contractors
b. Crew
c. Employee
d. Employer
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a. Enterprise
b. Vendors
c. Entrepreneur
b. Employers must pay their employees the salary and benefits they
agreed to, including vacation, paid holidays and other types of
holidays.
a. Legal Responsibilities
b. Ethical Responsibilities
c. Social Responsibilities
At the end of the week, it is expected that the learners must be able to:
What’s In
r,
e n t r e p r e ne u
As an re m y
w hat a to
o n s i b ilit ie s
resp rs?
s t a k e holde
my
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2. What are the things do I comply to the government?
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What’s New
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What Is It?
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.
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7. Formation of Small Business Relations
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.
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:
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5. Inform Suppliers of Future Developments – Provision of information on
future growths to the suppliers so that suppliers will be aware of these
circumstances and that they will develop themselves in line with the changes
of the business environment.
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.
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What’s More
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Write a reflection of these responsibilities and accountabilities of entrepreneurs by
answering the question:
“Put yourself in a work environment as a food chain crew, and list down the
accountability and responsibility as employee and the employer during the pandemic
crisis?”
Employee Employer
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Remember these key points:
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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
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I realized ___________________________________________________
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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
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1. Was there a situation in school wherein you experienced moral predicament?
How did you deal with it?
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3. What ethical principle in life that you might use it also as your guiding
principle in your future business?
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What Is It?
The following are the most common ethical issues encountered by entrepreneurs:
Favouritism/Partiality
Copyright Violation
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
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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.
What’s More
Activity 2
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Entrepreneur Angel Press is looking for contractors to work on their new
building in preparation for her company’s expansion this 2021. She assigned
her resident engineer Gomer Imar to facilitate the invitation to bid for the
project. There were five bidders sent letters of intention. Two days before the
final evaluation of bids, one of the bidders Willy Loyola gave the engineer five
gift certificates worth P10,000 each. Engineer Imar gladly accepted the gift
certificates.
1. Was Engineer Imar right in accepting the gift certificates? Why? Or Why not?
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2. If you were Engineer Imar, would you do the same? Why? Or why not?
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3. In case you were Angel Press and you knew about it; how will you handle the
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situation?
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Write a situation in your life where you also encountered the similar situation with
Engineer Imar. How did you handle the situation?
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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?
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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
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I realized ___________________________________________________
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Models and Framework of Social
Lesson Responsibility in the Practice of
3 Sound 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:_____________________________________________________________
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2. “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
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Vl di i P ti
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4. “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." -
Comment:_____________________________________________________________
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What’s New
Activity 2
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2. Suppose you are an entrepreneur. How will you redesign your social
responsibility while the country is experiencing a health crisis?
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What Is It?
2. Philanthropic Model – The entrepreneur, just like any other individuals, is free
to contribute to social causes in form of philanthropic action. Although
corporations and businesses have no obligations to contribute to social
causes, it may be contributory to its good reputation. Businesses are
encouraged to do charitable works because it does not only help the
community but it also helps the company to have good public relations, tax
deductions and good will.
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What’s More
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What I have Learned?
Activity 3
Give your insights on the following:
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3. How does society benefit from the social responsibilities done by big
corporations?
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What I can do?
Activity 4
Suppose you are going to open an online business just in time for the
health crisis. What are your considerations to new normal condition with its
strategy considering its social responsibility?
Consideration Strategy
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Answer the following:
1. Discuss the proposed framework above and explain its significance to the
practice of sound business.
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2. How does your proposed framework contribute in uplifting the situation of the
community being hit by COVID-19?
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Reflection:
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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 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 ___________________________________________________
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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
______ 6. Truthful and honest in promotions are very crucial in marketing the
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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!
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Pre-assessment Test
1. B
2. B
3. D
4. C
5. C
6. D
7. C
8. D
9. A
10. B
Post-assessment Test
1. D
2. A
3. C
4. A
5. C
6. A
7. D
8. C
9. C
10. C
Answer Key
References
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
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