Senior High School

Business Ethics
and
Social Responsibility
The Business Responsibilities and
Accountabilities

SELF-LEARNING KIT
For Grade 11/12
(Specialized Subject)
2nd Semester
2nd Quarter – Module_3– Week_3 & 4

Business Ethics and Social Responsibility – Grade 11/12

Learners Self Learning Module
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Quarter 4 – Module 1: The Business Responsibilities and Accountabilities

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DEPARTMENT OF EDUCATION
REGION VII
DIVISION OF MANDAUE

NIMFA D. BONGO, EdD, CESO V

Schools Division Superintendent

ESTELA B. SUSVILLA, EdD, CESO VI

Assistant School Division Superintendent

JAIME P. RUELAN, EdD

Chief Curriculum Implementation Division

ISMAELITA DESABELLE, EdD

Education Program Supervisor (LRMDS)

KENN NORWAY B. MARZADO, EdD

Education Program Supervisor- EPP/TLE

RESTY ALOB TOMPONG, LPT, MBA

Writer/Illustrator/Layout Artist

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Learners Self Learning Module

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 for Senior High School Grades 11 and 12
Module No. 3, Week 3-4

Responsibilities and Accountabilities of an Entrepreneurs

CONTENT STANDARD:

 discuss the responsibilities and accountabilities of entrepreneurs

by toward the employees, government, creditors, suppliers, consumers,
Unknown general public, and other stakeholders; major ethical issues in
Author is
licensed entrepreneurship (basic fairness, personnel and customer relations
under distribution dilemmas, fraud, unfair competition, unfair communication,
non-respect of agreements, environmental degradation, etc.);

 models and frameworks of social responsibility in the practice of sound

business.

PERFORMANCE STANDARD:
by Unknown 1.
Author is licensedresponsibilities
identify under to the business organization he/she belongs
to;
2. explain the different models, frameworks of social responsibility,
importance of these social responsibilities and accountabilities.

 What I Need to Know?

For the Learners

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.

 What Do you Already Know?

Instructions: Carefully read and try to evaluate each statement listed below.
Write the letter of your choice on space before each item.

___ 1. 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

___ 2. It is the process of designing, launching and running a new business,

which is often initially a small business, or as the "capacity and willingness to
develop, organize and manage a business venture along with any of its risks to
make a profit
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 a. Enterprise c. Entrepreneur
b. Vendors d. Small scale business

___ 3. Employers should possess lawful and righteous responsibility towards

employees except;
a. Employers must make sure their employees are not harassed or
discriminated against.
b. Employers must pay their employees the salary and benefits
they agreed to, including vacation, paid holidays and other types
of holidays.
c. Employers must make sure their employees’ working conditions
are safe
d. Employers must maintain balance from profit and employees
work percentage

___ 4. Employees responsibilities towards their employer should;

a. Work on the time where you are able to perform
b. Always ask for equal profit shares
c. Time on task to the detailed work instruction
d. Ask for cash assistance during the pandemic

___ 5. It is an obligation to do on what is right, just and fair actions.

a. Legal Responsibilities c. Social Responsibilities
b. Ethical Responsibilities d. None of the above

___ 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 c. Employee
b. Crew d. Employer

___ 7. It is the process of designing, launching and running a new business,

which is often initially a small business, or as the "capacity and willingness to
develop, organize and manage a business venture along with any of its risks to
make a profit
c. Enterprise
d. Vendors
e. Entrepreneur
f. Small scale business

___ 8. Employers should possess lawful and righteous responsibility

towards employees except;
e. Employers must make sure their employees are not harassed or
discriminated against.

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 f. Employers must pay their employees the salary and benefits
they agreed to, including vacation, paid holidays and other types
of holidays.
g. Employers must make sure their employees’ working conditions
are safe
h. Employers must maintain balance from profit and employees
work percentage

___ 9. Employees responsibilities towards their employer should;

e. Work on the time where you are able to perform
f. Always ask for equal profit shares
g. Time on task to the detailed work instruction
h. Ask for cash assistance during the pandemic

___ 10. It is an obligation to do on what is right, just and fair actions.

c. Legal Responsibilities
d. Ethical Responsibilities
e. Social Responsibilities
f. None of the above

Lesson Models and Framework of Social Responsibility in the

3 Practice of Sound Business

Learning Objectives:

At the end of the week, it is expected that the learners must be able to:

1. discuss the models and framework of social responsibility; and

2. formulate a framework of social responsibility that reflects the
responsibility of sound business.

Learning Competency:

 describe the different models and frameworks of social responsibility

 formulate a framework of social responsibility that reflects that reflects
the practice of sound business

 Lesson 3_ Activity 1

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 Read and analyze the quotes on social responsibility by famous
personalities and write your comments down every after each quote.
Answer it legibly and comprehensively
“Successful people have a social responsibility to make the world a better
place and not just take from it.” ~Carrie Underwood
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

“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
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

“We need business to understand its social responsibility that the main
task and objective for a business is not to generate extra income and to
become rich and transfer the money abroad, but to look and evaluate
what a businessman has done for the country, for the people, on whose
account he or she has become so rich”. ~Vladimir Putin
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

“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." ~ Courtney Pratt, Former
CEO Toronto Hydro.
____________________________________________________________
____________________________________________________________
____________________________________________________________

 Lesson 3_ Activity 2

Social Responsibility amidst COVID-19

A virus called COVID-19 started out in China which spread all over the world
causing the lives of people and became the concern of the world today. No
vaccine has been developed yet to protect people. The economy of each country
has been affected. Businesses have shut down and jobs have been lost. This is a
crisis that needs the response of both the government and the corporations.

1. How do large corporations can help during health crisis?

____________________________________________________
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 ____________________________________________________
____________________________________________________
____________________________________________________

2. Suppose you are an entrepreneur. How are you going to restructure

your social responsibility while the country is experiencing a health
crisis?

____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________

The Four (4) Models and Frameworks of Social Responsibility of

Kimberly Leonard (2019) are set below:

1. Economic Model
 This model is followed by entrepreneurs on the purpose to increase
the profit of the company. This is otherwise known as the profit-
based social responsibility of the business. A business is an
organization that produces goods and services. In this connection,
the society and the community benefits from it because jobs are
created and wealth is collected.

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.

3. Social Web Model (Ethical)

 It projects business as a citizen of the society in which it functions
as such. Just like all members of a society business must obey to
the normal ethical duties that every citizen of the community faces.
It is the duty of the corporation to comply with the law of the
community.

4. Integrative Model
 There is combination of social goals with economic objectives of the
organization. Most of the successful corporations have recognized
that some for-profit organizations also have social goals as a
fundamental part of the organizational strategy.

 What’s More?
Carroll’s Pyramid model of Corporate Social Responsibility(1991)
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  Lesson 3-Activity_3

Give your insights on the following:

1. Why do corporations adapt a social responsibility model and framework?

____________________________________________________
____________________________________________________
____________________________________________________

2. How important are the social responsibilities to corporations?

____________________________________________________
____________________________________________________
____________________________________________________

3. How does society benefit from the social responsibilities done by the
big corporations?
____________________________________________________
____________________________________________________

KEY POINTS TO REMEMBER:

Four Models and Frameworks of Social Responsibility:
 Economic Model
 Philanthropic Model
 Social Web Model (Ethical)
 Integrative Model
 What I can do?

 Lesson 3-Activity_4

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 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

 Answer the following:

1. Discuss the proposed framework above and explain its significance to the
practice of sound business.
2. How does your proposed framework contribute in uplifting the situation of
the community being hit by COVID-19?

Reflection:

Make a reflection on the importance of creating frameworks as a reflection of

the duty of a good business especially during a pandemic.

 Assessment:
Let us check how much you learned from this module’s coverage. Answer the
10-item Simple Recall Test and write your answers on the blank provided before
the number.
______ 1. Caroll’s Pyramid model of Social Responsibility includes the
following except:
a. Economic c. Philanthropic
b. Ethical d. Subliminal
______ 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
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 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
______ 4. Establishment of good relationship with the employees to protect
the interests of everyone
a. Formation of Small Business Relations
b. Right and True Advertising
c. Not to Seek Political Patronage by Unfair Means
d. A and C 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 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
______ 8. The businesspersons should give the guarantee of lowest prices
to the suppliers so that the confidence of the price will be continued.
a. Pay Fair Prices of Goods at a reasonable time
b. Humane Behavior towards employees
c. Give Guarantee of Minimum Price
d. Sensible and Attractive Salary
______ 9. Workers should be treated empathetically by letting them to
exercise their rights and appreciate being workers of the corporation
a. Give Guarantee of Minimum Price
b. Sensible and Attractive Salary
c. Humane Behavior towards employees
d. Pay Fair Prices of Goods at a reasonable time

______ 10. Entrepreneurs have the accountability to remunerate for the

established amounts with the suppliers.
a. Give Guarantee of Minimum Price
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 b. Pay Fair Prices of Goods at a reasonable time
c. Sensible and Attractive Salary
d. Humane Behavior towards employees

Congratulations! You made it!

Self-Check:
 I have understood the lesson well and I can even teach others to learned
to.
 I have understood the lesson but there are still other things that I need to
review and revisit.
 I need to do an additional work to be able to master the lesson well. I
need someone’s help in some tasks to do.
Note:
If you checked the first box, you are ready to take the next lesson. If you
have checked the second box, you need to review the things that you need to
relearn. If you have checked the third box, 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. Assess yourself honestly.

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

DISCLAIMER

I do not own or license any copyright in the texts, images, photographs,

graphics and other content provided in this module. This module is solely
for non-commercial, informational and educational purposes. There is no
intention on my part to claim ownership as the contents or make profit out
of this module.

Prepared by: RESTY A. TOMPONG, LPT, MBA

SHS Teacher/ SHS Curriculum In-Charge
DGLLOMNHS

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