11

Republic of the Philippines

Department of Education
NATIONAL CAPITAL REGION
Misamis Street, Bago-Bantay, Quezon City

UNIFIED SUPPLEMENTARY LEARNING MATERIALS

(USLeM)

APPLIED ECONOMICS
Quarter 4 – Week 11

This is a Government Property. Not For Sale.

 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

Socio-economic impact of a business on the community

EXPECTATIONS
This Supplementary Learning Material will help you to:
• Define Corporate Social Responsibility
• Identify the Components of Corporate Social Responsibility

PRETEST
Directions: Write the letter of the correct answer.
1. _____ is a business concern that produces long-term benefits for both the company and the
society where it operates.
A. Capitalism C. Corporate Social Responsibility
B. Communism D. Culture
2. Corporate Social Responsibility is defined as:

A. Company’s concern to benefit the C. Ethical behaviour accepted by

society society
B. Company’s social programs for publicity D. Moral principles of society
purposes

3. For every home built by ABC Foundation, LEX Corporation continues to give free livelihood
to the deserving family. This activity is an example of how companies perform their:
A. Company Culture C. Company Vision
B. Company Mission D. Corporate Social Responsibility

4. Every business is expected to obey the rules and regulations. Which of the four components
of Corporate Social Responsibility is this?
A. Economic C. Legal
B. Ethical D. Social

5. XYZ Foods Inc. launched a campaign that would donate 10 kilos of rice to every household
along Malabon area for every comment posted on its blog. The campaign is an example of:
A. Advertising C. Positioning
B. Corporate Social Responsibility D. Promotional
Marketing

LOOKING BACK

Socio – Economic factors affecting business and industry

Directions: Identify the socio-economic impact of a business in each situation and state whether it
is on the consumer, suppliers and investors, government, or household.

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

1.

2.

3.

Sources:
1.healthcarefinace(shorturl.at/bmI28)
2. shorturl.at/hkwU3
3. shorturl.at/tvAD6
4. shorturl.at/mqsAV

4.

BRIEF INTRODUCTION
Corporate Social Responsibility is a business concern that produces long-term benefits for both
the company and the society where it operates. When a company involves itself into social
responsibility, it is no longer focused on the self-interest of creating a profit, but it recognizes the
benefits it would give to the society as a whole. Small and Large businesses can participate in
this program. Some companies give scholarships, housing for low-income families, tree –
planting activities, marathons, sports fests, livelihood projects, medical missions and environment
concerned programs. Corporate Social Responsibility has four components: Economic –

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

businesses are responsible not only for the profit of the owners, but also in creating jobs for the
community, Legal – firms are expected to abide by the rules and regulations of the country where
it operates, Ethical – firms should conform to a fair and just practices in the workplace,
Philanthropic – firms should aim to promote welfare to the society by volunteering and
contributing its time and resources.
Sources:
a.phys.org9shorturl.at/apHO5)
b.natgeo.com(shorturl.at/enrQZ)
ACTIVITIES c.murecycle(shorturl.at/inRU4)
d.(shorturl.at/qEHZ5)
Activity 11.1: Find it!
e.kpmgglobal(shorturl.at/knrAT)
Objective: Identify Corporate Social Responsibility Activities f. track(shorturl.at/kqNW2)
Directions: Identify activities illustrating CSR.

A B

C D

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

E F

Guide Questions:
1. Which among the pictures above illustrate a Corporate Social Responsibility
Activity? Explain your answer briefly.
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________

2. Based on your answer, how does each activity contribute to society?

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

Activity 11.2 Find in the picture.

Objective: Identify the components of Corporate Social Responsibility
Directions: Analyze each picture. Identify if it is Economic, Legal, Ethical or Philanthropic
component of Corporate Social Responsibility.

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

1.

2.

3.

Sources:
1.debt.org(shorturl.at/fkp17)
2. shorturl.at/pBT19
4. 3.illeslex.com(shorturl.at/npSY9)
4.lawnow.org(shorturl.at/brtI1)
Guide Questions:
1. Why is it important to a company to follow the rules and regulations where it operates?
________________________________________________________________________

2. Why most companies involve themselves into tree planting activities?

________________________________________________________________________

Activity 11.3 Corporate Social Responsibility Program

Objective: Identify the CSR Program
Directions: Analyse the picture and answer the guide questions below.

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

Source:
- shorturl.at/hxHR6

Guide Questions:
1. What Corporate Social Responsibility project is being shown in the picture?
________________________________________________________________________

2. What would be the benefits of implementing the project?

________________________________________________________________________

Activity 11.4 Complete it!

Objective: To understand business initiatives during crisis.
Directions: Complete each statement, ensuring that your answers demonstrate an understanding
of the four components of CSR in the time of pandemic.
1. Companies should do the __________________________________________________
2. Businesses should be more_________________________________________________
3. Companies must ensure that their employees ___________________________________

REMEMBER
• Corporate Social Responsibility is a business concern that produces long-term benefits for
both the company and the society where it operates.
• Corporate Social Responsibility has four components: Economic – businesses are
responsible not only for the profit of the owners, but also in creating jobs for the community,
Legal – firms are expected to abide by the rules and regulations of the country where it
operates, Ethical – firms should conform to a fair and just practices in the workplace,
Philanthropic – firms should aim to promote welfare to the society by volunteering and
contributing its time and resources.

CHECKING YOUR UNDERSTANDING

Directions: Imagine you are the manager of a large corporation manufacturing energy drinks.
Complete a simple Corporate Social Responsibility program targeting the youth by following the
example below. Use a separate sheet for your answer.
Example:
Title of the Project: Save the Mangroves!
Location of the Project: coastal area in Paranaque City.
Project Duration: 2 days
Beneficiaries: Coastal community of La Huerta, Paranaque City
Budget Required: P300,000.00
Budget Requested: P350,000.00
Project Partners: ABC Foundation Inc. and Bantay Kabataan
Purpose of the Project: To create an awareness to the youth on the care of the environment.

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 UNIFIED SUPPLEMENTARY LEARNING MATERIALS
Grade 11 Applied Economics

Guide Questions:
1. Why is it important to create a program for Corporate Social Responsibility?
______________________________________________________________________

2. Why do you think stating the budget for an activity is important?

______________________________________________________________________

POSTTEST
Directions: Write the letter of the correct answer.
1. The four components of corporate social responsibility are:
A. cultural, economic, ethical, and philanthropic
B. economic, legal, ethical, and philanthropic
C. legal, economic, cultural, and ethical
D. organizational, economic, legal and ethical

2. The components of corporate social responsibilities consists all of the following EXCEPT:
A. cultural C. ethical
B. economic D. legal

3. Which component of the corporate social responsibility will firms do what is right, just, and fair?
A. Economic C. Legal
B. Ethical D. Philanthropic

4. KLM shoe manufacturer developed adult-styled footwear to girls’ ages 5-8 years old. Which
component in the Corporate Social Responsibility does it affect?
A. Economic C. Legal
B. Ethical D. Philanthropic

5. Which component in the corporate social responsibility will a firm be considered a good
corporate citizen?
A. Economic
B. Ethical
C. Legal
D. Philanthropic

(This is a Government Property. Not for Sale.) 8

 REFERENCES
Abueg, Luisito & Calub, Renz Adrian. (2020). Applied economics.

Dinio, Rosemary P. & Villasis, George A. 2016. Applied Economics. Sampaloc,Manila.

Rex Book Store Inc.

Campbell R. McConnell & Stanley L. Brue Sean Masaki Flynn Dr.(2012-04-30),

Macroeconomics Brief Edition (The Mcgraw-hill Economics)

Ferrell, O. C., Debbie M. Thorne, and Linda Ferrell. Social Responsibility and Business.
Singapore: Cengage Learning Asia Pte Ltd, 2012.

Lamb, Charles W., Joseph F. Hair, and Carl McDaniel. 2013. Principles of Marketing.
Singapore: Cengage Learning Asia Pte Ltd.