Gen. Vicente Alvarez St.

Zamboanga City
SENIOR HIGH SCHOOL DEPARTMENT
Name: Date:
Year & Section: LU. No.: 9 Session: 13 – 14

Learning Unit Title: Responsibilities and Accountabilities of Entrepreneurs Quarter: 2nd

Reference/s : Business Ethics and Social Responsibility by Manaoag
Value/s : Appreciation

I. Learning Target/s:
The learners shall be able to:
a. Understand the responsibilities of entrepreneurs and accountabilities of entrepreneurs toward the
employees, government, creditors, suppliers and general public

b. Analyze the models and frameworks of social responsibility in the practice of sound business.

Learning Activities

I. Guided Instructions

B. Checking for Understanding

1. What is the difference between Accountability and Responsibility?

Responsibility can be shared while Accountability cannot. Being accountable not
only means being responsible for something but also ultimately being answerable
for your actions. In ethics and governance, accountability is answerability,
blameworthiness, liability, and expectation of account-giving, while responsibility
may refer to being in charge, being the owner of a task or event.

2. What is the responsibility of entrepreneurs to the employees?

 Pay Wages and Taxes.
 Create and Maintain a safe Workplace.
 Facilitate worker’s compensation Insurance.
 Enforce anti-discrimination Law.
 Create and Maintain a favorable working environment.
 Respect Human Right.
 Support Career Development.
 Train and Educate employees.
 Manage Performance.
 Give rewards and benefits.

3. What is the responsibility of entrepreneurs to the government?

 Observe laws, rules, and regulations.

 Pay taxes.
 Follow environmental regulations.
 Abide by labor laws.
 Avoid restrictive trade practices.
 Disclose financial statements.
 Avoid corruption.
 Assist in implementing socio-economic policies.
 Help earn foreign exchange.
 Advise the government.
 Complete promptly government contracts.
 Contribute to government treasury.
 Contribute to political stability.

8
 II. Productive Collaboration (Think – Pair - Share) (Can be done individually)
1. What is the responsibility of entrepreneurs to the following:
a. Creditors
b. Suppliers
c. Consumers
d. General Public and;
e. Environment

A. CREDITORS
1. Give correct information.
2. Provide fair return on investment (ROI).
3. Strengthen share prices.
4. Honor fiduciary duties.
B. SUPPLIERS
1. Practice fair pricing and licensing.
2. Avoid coercion and Avoid coercion and litigation.
3. Maintain stability.
4. Maintain confidentiality.
5. Pay on time.
6. Select suppliers with discernment
C. CONSUMERS
1. Ensure quality of products and services.
2. Ensure consumer’s health and safety.
3. Provide easy-to-use products.
4. Provide free training.
5. Be fair with prices.
6. Be honest in Be honest in advertising and marketing. Advertising and marketing.
7. Be honest in Be honest in dealings. dealings.
8. Attend to complaints.
9. Service even after sale.
10. Respect costumers time.
11. Treat customers well.
12. Ensure regular supply.
13. Research and develop to increase c Research and develop to increase customer satisfaction
customer satisfaction.
14. Avoid monopolistic competition.
D. GENERAL PUBLIC
1. Be fiscally responsible.
2. Consider public input.
3. Take care of the Community
E. ENVIRONMENT
1. Comply with Comply with environmental legislation. environmental legislation.
2. Dispose waste properly.
3. Recycle.
4. Conserve and protect biodiversity.
5. Prevent and remedy damages to environment.
6. Report an incident.
7. Use Synthesis
III. scarce natural resources sparingly.
Today I have learned that there are so many responsibilities when you became an entrepreneur. I’ve
learned that when you became a complete entrepreneur you must know the Responsibility and
Accountability and their differences. Also you must know what are your responsibilities and
accountabilities in different aspects of the society.
9