Self-Learning Materials

Business Ethics and Social Responsibility

2nd Semester

Name: ______________________________ Strand and Section: ___________________

SLM # ______________________________ Date: _______________________________

Business Ethics and Social Responsibility – Grade 12- Week 1

The Nature and Forms of Business Organizations

Background information for learners:

One of the first decisions you’ll make as a business owners is how a business will be organized
and formed. It is important to know the Do’s and Don’ts of each of the different forms of business
structure to make sure you make the appropriate decision for your business.
All businesses must adopt some legal configuration that describes the rights and liabilities of
each involves in the business, like: ownership, personal liability, control, life span and financial structure .
The form of business determines which income tax return to file and legal liabilities of the company and
each owner. So, it is our own decision which type of business has a long term implications, and if you’re
unsure of which is the best for you and your company, consult a professional or an adviser for you to
decide.
When you organize your new business, think of the following:
 Your personal and practical vision regarding the size and nature of your business
 The level of control you wish for
 The level of “structure” you are willing to deal with
 The business vulnerability to lawsuits
 Tax implications of the different organizational structures
 Expected profit/or loss of the business

Learning Competencies:
ABM_ESR12-IIIa-d-1.1 MELC: Differentiate the forms of business organizations.

Activities:
General Instructions: On a clean sheet of Bus. Ethics NOTEBOOK, write the title of the SLM,
your name, strand, section, and date. Read and understand the directions before doing each activity.

Pre-Test: Fill in the blanks. Below are the definitions of business and organization. Write BUSS if it
describes a business and ORG if it describes an organization.
1. _____ is an activity of exchanging goods and services, for gaining profit.
2. _____ is a group of people who work together to achieve common goals.
3. ______is a collection of people with particular purpose in the society.
4. ______is an organization where goods and service are exchange for one another or for money.
5. _____social unit of people that is structured and managed to meet a need or to pursue collective
goals.

Activity 1. Business as Usual.

Nowadays, many businesses are opened due to economic recovery of the country brought by 2 years
pandemic and everything must be business as usual, our public transportation systems as well as
implementing even more flexible restrictions on economic activities so that businesses across the
country can again profitably operate while maintaining safe health standards.

Can you list down the name/s of business/es which is/are in full operation nowadays and even during
the time of pandemic period? Identify the services/ products they offer. Identify the forms of business.

Name of the Business Products/services offered Form of Business

1. __________________ ________________________ _______________
2. __________________ ________________________ _______________
3. __________________ ________________________ _______________
Activity 2. TRIVIA
The Success Story behind the National Bookstore

Socorro Ramos entered the publishing

and retail industry by working as a
salesgirl at a bookstore. At the age of 19,
she opened National Book Store in Escolta,
Manila with her husband with a capital of only
P 200.00, selling books and school
supplies to students. At that time, Manila
was under Japanese occupation who
imposed censorship on books and
periodicals. To augment their earnings,
she and her husband resorted to selling
other items like candles and soaps.
After the post-war boom, the Ramoses
opened a nine-story building along
Avenida which made their bookstore more
profitable. At 95, she still believes in the time-honored tradition of “hands-on approach” in business. She
even designed the company’s logo herself. May this success story of Nanay Coring give inspiration and
encouragement to all. You need someone like her that will serve as a model to bring out the best in
yourselves to survive the crisis brought by COVID-19 pandemic. All good things are blessings from the
Almighty God and granted to anyone whom He loves at His pleasure.

Source:
https://www.businessinquirer.net

From the story you have read, please answer the following questions:
1. What form of business organization did they put up?
2. Aside from being hands on in your own business, what else do you think is/are the key characteristic/s
of the owner/s of National Bookstore in their business success?

Activity 3. Create a COMPARATIVE ANALYSIS of the Forms of Business.

Forms of Business
Sole Proprietorship Partnership Corporation
Ex. Easiest to establish It could be easily to establish Hard to establish
like sole proprietorship

Share your REFLECTION!!!

How do you and your family cope up with the financial crisis that we are encountering while we are
trying to overcome the pandemic? Even at home, you can organize any form of business ownership for
you to cope up with the financial crisis you are encountering. Look for the opportunities brought about
by the pandemic. Seize that opportunity. You will be surprised that you turned the impossible to
possible (if you will rely solely to Him who is in total control of the unwelcome atmosphere).

As Book of Isaiah 41:10 says “Fear not, for I am with you; Be not dismayed, for I am your God. I
will strengthen you, Yes, I will help you, I will uphold you with My righteous hand.” God sees your heart
and mind. He knows your needs, your worries, your fears, so trust in His presence.

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Be calm and be safe!

Note: Pls read other reference, related to the topic.