NAME:

__________________________________________
GRADE/SECTION:
______________________________

12
BUSINESS
ETHICS
AND SOCIAL RESPONSIBILITY
QuarterIV – Week 1
Responsibilities and Accountabilities
of Entrepreneurs
 CONTEXTUALIZED LEARNING ACTIVITY SHEETS
SCHOOLS DIVISION OF PUERTO PRINCESA CITY

Business Ethics and Social Responsibility– Grade 12

Contextualized Learning Activity Sheets (CLAS)
Quarter IV-Week 1: Responsibilities and Accountabilities
of Entrepreneurs
First Edition, 2020

Republic Act 8293, Section 176 states that: No copyright shall subsist in any work of
the Government of the Philippines. However, prior approval of the government agency or
office wherein the work is created shall be necessary for the exploitation of such work for
a profit. Such agency or office may, among other things, impose as a condition the
payment of royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this CLAS are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from
their respective copyright owners. The publisher and authors do not represent nor claim
ownership over them.

Published by the Schools Division of Puerto Princesa City

Development Team of the Contextualized Learning Activity Sheets

Writer: Rochelle Q. Cansino

Content Editors: Marie Vic C. Velasco PhD, Shiela M. Caab, Haydee C. Hitosis

Language Editor: Ellen Grace Manzano

Proofreader: Alvin R. Lumaban, MBA

Reviewers: Marie Vic C. Velasco PhD, Evelyn C. Silvestre, Joseph D. Aurello,

Maricar T. Caliwag, Haydee C. Hitosis

Illustrator: Rochelle Q. Cansino

Layout Artist: Joseph D. Aurello

Management Team:
Servillano A. Arzaga CESO V, SDS
Loida P. Adornado PhD, ASDS
Cyril C. Serador PhD, CID Chief
Ronald S. Brillantes EPS-LRMS Manager
Marie Vic C. Velasco PhD, EPS-Mathematics
Eva Joyce C. Presto PDO II
Rhea Ann A. Navilla Librarian II

Division Quality Assurance Team: Ronald S. Brillantes, Haydee C. Hitosis,

Warly I. Salido, Joseph D. Aurello,
Maricar T. Caliwag, and Ellen Grace Manzano

Division of Puerto Princesa City-Learning Resource Management Section (LRMS)

Sta. Monica Heights, Brgy. Sta. Monica, Puerto Princesa City
Telephone No.: (048) 434 9438
Email Address: puertoprincesa@deped.gov.ph
 Lesson 1

The Responsibilities and Accountabilities

of Entrepreneurs
MELC: Discuss the responsibilities and accountabilities of entrepreneurs
(ABM_ESR12-IVi-l-3.1)

Objectives: 1.Distinguish the responsibilities and accountabilities of a business.

2.Discuss the responsibilities and accountabilities of entrepreneurs to
employees, government, creditors and suppliers.
3. Apply the importance of business responsibilities and accountabilities in
every business organization.

Let’s Try
Directions: Read the questions carefully and encircle the letter of the correct answer.

1. What refers to the duty or obligation to satisfactorily perform or complete a task

(assigned by someone, or created by one’s own circumstances) that one must fulfill,
and which has a consequent penalty for failure?
A. Accountability B. Fairness C. Responsibility D. Transparency

2. What responsibility of an entrepreneur makes sure that the physical environment of the
workers is well take cared of by providing a well-illuminated and ventilated workable
space for employees?
A. Paying wages/salaries and taxes
B. Assignment of right jobs
C. Creating and maintaining an ergonomic workplace D. None of the above

3.What businesses must treat their injured employee with respect and not cause delay on
the processing and filing of claim?
A. Enforce anti-discrimination law.
B. Facilitate employees’ compensation insurance.
C. Support career development.
D. Train and educate employees.

4. The entrepreneur should provide employment security to the employees of the

organization. This will create a sense of satisfaction among employees, and in return,
they will work with full interest, dedication and commitment, they will feel free from
apprehensions of losing the job, and they will have a higher degree of faith in the
employer. What responsibility and accountability of employees is referred to in this
statement?
A. Give rewards and benefits.
B. Give security and employment.
C. Respect human rights.
D. All of the above

5. The following are responsibilities of an entrepreneur to the government EXCEPT for:

1
 A. Compliance of government rules
B. Give rewards and benefits
C. Payment of taxes
D. None of these

6. What responsibility of entrepreneurs to refers paying taxes to the government?

A. Payment of taxes
B. Not seeking political patronage by unfair means
C. Cooperation with government for economic development
D. None of the above

7. What particular objectives. Hence, entrepreneurs should utilize the loan amount only
for the desired objectives?
A. Obtaining loans on reasonable conditions
B. Following mortgage rules
C. Following business ethics
D. Poor utilization of debt capital

8. Entrepreneurs have the responsibility to provide regular information to the suppliers

regarding changes in the demand of the commodities in domestic or in foreign
markets.
What responsibility of entrepreneurs is referred to?
A. Pay fair prices of goods at a reasonable time .
B. Promote healthy competition.
C. Inform about changes in market.
D. None of the above

9. What kind of responsibility does not permit any unhealthy and hostile rivalries among
delears/entrepreneurs?
A. Motivate indigenous supplies.
B. Provide technical advice.
C. Inform suppliers of future developments.
D. Promote healthy competition.

10. Analyze whether the following statements are correct or otherwise.

Statement 1: A supplier is an entity (person or institution) that extends credit by
giving another entity permission to borrow money intended to be repaid in the future.
Statement II: Mismatching of jobs with employee’s qualification is encouraged.
A. Both statements are true
B. Only statement 1 is true
C. Only statement II is true
D. Both statements are false

2
 Let’s Explore and Discover

Unlocking of ACCOUNTABILTY vs. RESPONSIBILITY

Difficulties JAZ is a supplies custodian in a power supply company. Part of
her work is to make sure that there are parts/supplies available in
• The difference
the site. This requires Jaz to note the supplies and to refill it before
between the it run out. JAZ is responsible for the power supplies, but he is only
two terms is held accountable- owes an explanation for his actions--- if the
that supplies ever run out.
responsibility
involves having RESPONSIBILITIES and ACCOUNTABILITIES of
authority over one’s ENTREPRENEURS to Employees, Government, Creditors and
actions. Suppliers
accountability
means you are Entrepreneur the person who do the initiative and risks.
liable or answerable Entrepreneur is someone who create the idea and make an
for one’s actions. In enterprise.
order to be
A.Reponsibility and Accountabilty to Employee
responsible, you
must be 1.Payment of Taxes, Salaries and Wages→ The government also
accountable and requires entrepreneurs to pay Philhealth, Social Security,taxes
vice versa. out of employee wages for each employee working their
business.
An entrepreneurs are responsible to pay in their employees with the minimum hourly
wage set by the government including overtime pay, sick leave and bonuses.

2. Provide Safe Working Environments→ Entrepreneurs is accountable for the safety of

the employees, so they ensure that the physical environment is safe and well-
maintained with good lighting, proper temperature and enough space for employees to
perform their work.
3. Respect Humane Behavior towards Employees→ Employees should be treated with
compassion by allowing them to practice their rights and enjoy being workers of the
company.
4. Support Career Development→ Acquisition of new knowledge and skills through the
professional and personal development of employee is a prerequisite and guarantee
success in business. Encouraging and enabling our employees to attend seminars and
conferences for professional growth is a way to support their career development.

5. Create a Small Business Relations→ Establishment a good relationship with the

employees protects the interests of everyone. Effective communication lines is vital in
establishing and maintaining good relations.

3
 B. Government
In business, the responsibilities of entrepreneurs towards the government
professional institutes, and other business institutions are very essential. The government
sets the targets for a balanced and rapid economic development of the country.

Responsibility and Accountability to Government

1. Observe Law, Rules and Regulation→ Entrepreneurs should follow the laws impose
by the government regarding obtaining of business licenses/permits, operation of the
business, price determination and production.

2. Pay Taxes→ Businesses must pay taxes and fees to the government in the course of
carrying out their operation which include taxes on revenue and tariffs on imported
products.

3. Not to Seek Political Patronage by Unfair Means→ Entrepreneurs should not seek
political patronage by providing undue economic help to any political party or person
during election.

4. Avoid Corruption→ The commercial organization should not take any type of favor
from government officials.
C. Creditors is an entity (person or institution) that extends credit by giving
another entity permission to borrow money intended to be repaid in the future.
Responsibility and Accountability to Creditors

1. Give Correct Information→ Entrepreneurs should be provided with correct

information about the company to enable them to decide about further investment.

2. Follow Mortgage Rules→ Creditors provide loans in secured and unsecured forms. If
the creditor has provided the secured loan on the mortgaged property, the
entrepreneur should follow the rules of mortgaged property.

3. Follow Business Ethics→ Both the entrepreneurs and creditors should follow the
business ethics in providing loans and in repayment of loans. The loan procedures
should be honestly complied with.

4. Regular Payment of Installment and Interest→ Entrepreneurs should pay loan

installments and interest regularly, according to repayment conditions.

D. Suppliers. The services of the suppliers are also important for any business because
they supply raw materials, machinery, labor, and other materials. Without them, the
smooth operation of the business is quite difficult.

Responsibility and Accountability to Suppliers

1. Practice Fair Pricing and Licensing→ Companies must seek fairness and
truthfulness in all dealings with suppliers especially pricing and licensing.
2. Avoid Coercion and Litigation→ Companies should make certain that any
business transaction with suppliers must be free from any form of coercion and
unnecessary litigation.
3. Maintain Stability→ Firms must promote long-term stability in their relationship
with the suppliers to pay back the goods value, quality and reliability they granted.
4. Inform about Changes in Market→ Entrepreneurs have the responsibility to
provide regular information to the suppliers regarding changes happening in the
4
 demand of the commodities in domestic or in foreign markets, so that the suppliers
may make necessary changes in their manufacturing projects, according to the
requirements.
5. Give Garantee of Minimum Price→The entrepreneurs should give the guarantee
of minimum prices to the suppliers so that they may feel assured about the
certainty of the price and may continue to maintain their will power.

(Source: Jessie Cris N. Abroguena, Business Ethics and Social

Responsibility, Manila: Department of Education-Division of Manila, 2020, 5-6)

Let’s Practice

Directions: Read each item carefully. Write TRUE if the stament is true and write
FALSE if the statement is false.Write your answer on the space provided before the
number.
_______ 1. An entrepreneur must sell quality products at an unfair price.
_______ 2. The entrepreneurs should pay loan installments and interest regularly
according to repayment conditions.
_______ 3. Companies must not seek fairness and truthfulness in all dealings with
suppliers especially pricing and licensing.
_______ 4. In a company, one of the best ways to deal with suppliers is being responsible
for making timely payments according to their agreed terms and conditions of
the trade.
_______ 5. In a business organization towards their consumer is being honest in
advertising and marketing.

Directions: Put yourself in a workplace either you are a housekeeper in a beach resort, a
service crew in a fast-food chain or any work you known. Write your responsibilities as an
employee and the responsibilities of the employer in this pandemic. Write your answer
inside the box.

What is the importance of these responsibilities and accountabilities of the entrepreneurs

especially that the country is affected by a health crisis brought about by COVID19?
_______________________________________________________________________________
Do you think our government should require companies to undertake their social
responsibilities? Why or why not
________________________________________________________________________________________

5
 Let’s Do More
Directions: List down the responsibilities and accountabilities
ACTIVITY 1 of Entreprenuers toemployee, creditors, government, suppliers
and environment.

Employee
1. Suppliers
2. 1.
3. 2.
Environment
1.
2. THE Creditors
RESPONSIBILITIES 1.
AND 2.
Government ACCOUNTABILITIES
1. OF
2.
ENTREPRENEURS

Directions:Read and analyze the situation carefully. Write

A if
ACTIVITY2 D if you DISAGREE.
you AGREE with the statement,
.

____________________1. Your employees will be more motivated if you deprived them the
opportunity to feed their natural curiosity through learning
opportunities.

____________________2. ”It really bothers me when someone ignores or breaks one of the
company rules. It is the same kind of feeling I get when I see
someone run a red light, even if no one else is on the road.”

____________________3. When corruption is uncovered, too often people say "everyone

else was doing it".

____________________4. “I always put myself in the other guy’s shoes. It is not that I will
always give in if he is hurt, but I have to know how he feels. If it
is a customer who bought a bum product, I think of how I would
6
 feel if it were me. If he is a competitor who lost a fair fight, I still
ask ‘How does he feel?’ but at least I know he does not (or
should not) feel cheated”.

___________________5.. “My feeling is that anyone who cannot stand behind company
policy 100% just should not be here. If they think that the
company is doing something wrong, they should quietly leave.
Otherwise, they ought to support it.”

Let’s Sum It Up

Directions Directions:Complete the sentences by filling the blanks with

the correct answer. Select the best answer from the box.

The difference between the two terms isresponsibility

that involves having
______________ accountability
over one’s actions. means you are__________________
or
answerable for one’s actions. In order
beto
_____________________
, you must be
__________________
and vice versa

a. liable b. authority c. responsible d. accountable

Let’sAssess

Directions: Read the questions carefully and encircle the letter of the correct answer.

1. What businesses must treat their injured employee with respect and not cause delay
on the processing and filing of claim?
A. Facilitate employees’ compensation insurance .
B. Support career development.
C. Train and educate employees.
D. Enforce anti-discrimination law.

2. What refers to the duty or obligation to satisfactorily perform or complete a task

(assigned by someone, or created by one’s own circumstances) that one must fulfill,
and which has a consequent penalty for failure?

7
 A. Acountability B. Fairness C. Responsibility D. Transparency

3. The entrepreneur should provide employment security to the employees of the

organization. This will create a sense of satisfaction among employees, and in return,
they will work with full interest, dedication and commitment, they will feel free from
apprehensions of losing a job, and they will have a higher degree of faith in the
employer. What responsibility and accountability of employees is referred to in this
statement?
A. Give rewards and benefits
B. Give security and employment
C. Respect human rights
D. All of the above

4. The following are responsibilities of an entrepreneur to the government EXCEPT for:

A. Compliance of government rules
B. Payment of taxes
C. Give rewards and benefits
D. None of these
5. What responsibility of the entrepreneurs to paying taxes to the government?
A. Payment of taxes
B. Not to seek political patronage by unfair means
C. Cooperate with government for economic development
D. None of the above
6. What particular objectives. Hence, entrepreneurs should utilize the loan amount only
for the desired objectives.
A. Obtain loans on reasonable conditions
B. Follow mortgage rules
C. Follow business ethics
D. Poor utilization of debt capital
7. Entrepreneurs have the responsibility to provide regular information to the suppliers
regarding changes happening in the demand of the commodities in domestic or in
foreign markets. What responsibility of entrepreneurs is referred to? A. Pay fair prices
of Goods at a reasonable time.
B. Promote healthy competition.
C. Inform about changes in market.
D. None of the above
8. What kind of responsibility does not permit any unhealthy and hostile rivalries among
dealers/entrepreneurs?
A. Motivate indigenous supplies
B. Provide technical advice
C. Inform suppliers of future developments
D. Promote healthy competition

9. Analyze whether the following statements are correct or otherwise?

Statement 1: A supplier is an entity (person or institution) that extends credit by giving
another entity permission to borrow money intended to be repaid in the future.
Statement II: Mismatching of jobs with employee’s qualification is encouraged.
A. Both Statements are true
B. Only Statement 1 is true
C. Only Statement II is true
D. Both Statements are false

10. What responsibility of an entrepreneur which makes sure that the physical
environment of the workers is well taken cared of by providing a well-illuminated and
ventilated workable space for the employees?
A. Paying wages/salaries and taxes

8
 B. Assignment of right jobs
C. Creaing and maintaining an ergonomic workplace
D. None of the above

Answer Key

Let’s Try Let’s Practice

Activity 1 and 2. Answer may vary.
1. b 6. c
2. b 7. b
3. c 8. a
4. a 9. d
5. d 10. c

Let’s Do More

ACTIVITY 1 ACTIVITY 2

1. B 6. J 1. T
2. C 7. H 2. F
3. E 8. F 3. T
4. G 9. D 4. T
5. I 10. A 5. F

Let’s Sum It Up Let’s Assess

1. Continually
2. External 1. C 6. C
3. Costumer needs
2. A 7. D
4. Technological changes
5. Opportunities 3. B 8. A
4. B 9. B
5. B 10. D

9
 References
Module

Abroguena, Jessie Cris N. Business ethics and Social Responsibility, Manila: Department of
Education-Division of Manila, 2020)

FEEDBACK SLIP

A. FOR THE LEARNER

Thank you very much for using this CLAS. This learner’s
material is aimed at ensuring your worthwhile learning
through the help of your family members. For feedback YES NO
purposes, kindly answer the following questions:

1. Are you happy and contented with your learning

experiences using this CLAS?

2. Were you able to follow the processes and procedures

that were indicated in the different learning activities?

3. Were you guided by anybody from your family while

using this CLAS?

4. Was there any part of this CLAS that you found difficult?
If yes, please specify what it was and why.

B. FOR THE PARENTS / GUARDIANS

Do you have any suggestions or recommendations on how we

can make improvements to this CLAS to better serve the
learners?

10
 Yes (Please indicate what this is/these are.)

None

Contact Number:
__________________________________

NAME OF SCHOOL:

Teacher’s Name and Signature:

Parent’s / Guardian’s Name and Signature:

Date Received:

Date Returned:

11