BUSINESS

ETHICS
 CLASS RULES
⮚Find a comfortable place to study
⮚Turn off your microphone and listen to the
discussion.
⮚Raise yourhand if you want to
communicate with the teacher
 ONLINE CLASS RULES
⮚Respect your teacher and your classmates
⮚Stay focused and disciplined
⮚Participate actively
PRAYER
Heavenly Father
You hold each of us in your loving hands.
Come fill our hearts, minds and bodies afresh with hope.
Help us to cast our worries upon you, so that we can embrace our
learning today.
Bless us as we study and grow together.
Come and anoint those who teach and tutor us to be bringers of
insight and knowledge.
Lord, watch over us all, keep us safe within your Almighty hand.
Amen.
Question
Do you believe diversity
exists within organization
or group? How?
THE CODE OF
ETHICS
ETHICS

• Derived from the Greek word

“ethikos” which means “having
to do with character
CODE OF CONDUCT/ETHICS
• Are principles adopted by an
organization to assist those in
the organization called upon to
decide
CODE OF CONDUCT/ETHICS
It is about understanding the
difference between “right” and
“wrong” and to apply this
understanding to their decision.
CODE OF CONDUCT/ETHICS
A written set of guidelines issued by an
organization to its workers and
management to help them conduct
their actions in accordance with its
primary values and ethical standards.
Code of Conduct/Ethics
⮚Is a list of guidelines and protocols based
on the organization’s values.
⮚It articulates how an employee should
behave and imbibe the values of the
organization at all times
⮚Serves as a reference when decisions are to
be made
 Business Ethics
⮚Is the study of what is
right and wrong on
human behavior and
conduct in business.
 Guidelines in
developing a Code of
Conduct for an
organization
1. Understand the mission and
vision of the organization. This
will set the tone for the required
conduct and behavior that the
members must know by heart.
2. Identify the values that
the organization lives for.
3. Spell out the different
behaviors and values that an
employee must follow in order
to maintain the ethical values of
the organization.
4. Ensure proper enforcement
of the code of conduct in order
to maintain the ethical culture
within the organization.
5. Outsiders, such as suppliers,
distributors, subcontractors, and
customers, must also understand the
organization’s code of conduct in order
to avoid presenting the employees with
actions that go against the code.
Activity 1
Finding the ETHICAL or
UNETHICAL. Write ETH if the
situation is morally right and
UNETH if it is not.
1. Obeying company’s rules and
regulations.
2. Developing professional
relationships with co-workers.
3. Taking credit for others hard work.
4. .Using or taking company’s
supplies for personal purposes.
5. Conducting personal business
during working hour.
Activity 2
Finding the LIE and TRUTH.
Write LIE if the statement is
false; TRUTH if the statement
is TRUE.
1. Ethics is a set of principles of conduct
governing an individual or group.
2. Code of Ethics is a written statement
of policies and principles that guides
the behavior of all employees or
members of an organization.
3. Employees should obey only
written work rules.
4. Ethical character traits include
integrity, honesty, and justice.
5. To enhance the profits of the
business continuously is the
objective of the Code of Ethics.
Ethical Issue
• An identifiable problem, situation, or
opportunity that requires a person to make an
action or decision based on several options-
whether right or wrong, ethical or unethical.
• It usually concerns financial matters in a
business setting.
EXAMPLES OF ETHICAL
ISSUE
Misrepresenting the benefits of a
product
 Overstating a product’s benefits in
order to make a sale is often
committed by sales personnel or even
marketing officers.
Misrepresenting the benefits of a
product
 Example- saying that it ca make your
skin fairer without any substantial
research to back it up-is an ethical
issue.
Misuse of Company Time and Resources
 Some employees may engage in
activities that are not related to the
job-example-browsing and posting on
social media during office hours.
Abusive Behavior
 Harassing a colleague by using physical
threats, harassment, false accusations,
profanity, yelling, or unreasonableness
may result in conflicts within the
department or organization.
Conflict of Interest
 Happens when an employee is
presented with a dilemma of whether
to advance personal gain or interests
or that of the company’s.
Leaders and employees must know
how to deal with ethical issues. The
code of conduct and the company
culture must be strong enough for the
leaders and employees to choose to do
the right things
.
• Why do you need to craft
the organization’s code of
ethics?
REFLECTION:
I have learned that
___________________
EVALUATION
MUTIPLE CHOICE

Directions: Read the

statements carefully. Choose
the letter of the correct
answer
1. Which of the following are the
functions of code of ethics?
a. It can express a shared commitment on
the part of a part of a professional
society’s members to strive and to satisfy
certain ethical standards and principles
b. It can help foster an environment in
which ethical behavior is the norm.
c. It can serve as a guide or reminder in
specific situations.
d. All of the above.
D
2. Which of the following is not a practice of fair
treatment of workers at workplace?
a. Recreation facilities at the workplace
b. Right of workers to fairness and dignity.
c. Right of workers to have a share in company’s profit
d. None of the above.
D
3. Ethical issues do not exist in accounting
because the field involves primarily
objective data.
a. True
b. False
B.
4. Which of the following is the study and
practice of decisions what is good or right?
A. Law C. Ethics
B. Morals D. Business
C
5. A businessman who owns a medical store in a
small town is the only outlet that sells face mask.
There is a great necessity and high demand for the
use of the item due to COVID-19 pandemic, so he
charges irrational amount of doubling the price.
The community gets mad of the situation. This
business practice is most likely:
a. Ethical because it is not illegal for
the owner to set its prices based on
maximizing profits.
b. Ethical because the owner focuses
only on the impact of decisions on his
business.
c. Unethical because business operates in a
community and communities have
expectations for behavior of individuals,
groups, and businesses.
d. None of the above.
C.
ASSIGNMENT
Using your grouping in Business
Enterprise Simulation craft a
sample of Code of Ethics for the
business you want to start.
Scoring Rubric for the Group Activity
CRITERIA POOR FAIR GOOD
(3pts) (5pts) (10pts)
Organization

Timeliness

Originality

Appropriateness
/Relevance
THANK
YOU