BUSINESS ETHICS and

SOCIAL
RESPONSIBILITY
 1. Differentiate the forms of business
organizations.

2. Give examples of the different

Objectives: forms of business organizations
found in your locality.

3. Show appreciation on how these

organizations contribute to socio
economic development.
 Activity 1
fill in the blanks.
Instructions: Below are the definitions of business and organization. Write BUSS if it
describe a Business and ORG if it is describe 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 another or for money.
5. ______ social unit of people that is structured and managed to
meet a need or to pursue collective goals.

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Lesson 1-
FORMS OF BUSINESS
ORGANIZATION
 • Have you ever been part of school organization or club? It was
indeed a happy and fulfilling day in your junior high school years.
• Are you a part of a music or glee club? Maybe, you are also a
varsity player of the school’s basketball teams or are you a school
paper writer who participates in different journalism contest
outside the school?
• What is your position in the club? how many are you in the
organization? Who usually has the last say? Who are your
leaders? What are you doing in ensuring success in every
activity?
• Do you feel the fulfillment of being part of an organization? What
did you learn from being an officer or a member of the club?

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 Activity 2: Business as usual.
Nowadays, many business are closed due to the COVID-19 pandemic and only those
business which are considered essential such as food businesses and medical services remained.

Can you list down the name/s of business/es which is/are still in
operation during the quarantine period? Identify the services/ products
they offer.
Name of Business Products/Services Offered
1.____________________ ______________________
2.____________________ ______________________
3.____________________ ______________________
4.____________________ ______________________
5.____________________ ______________________
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 “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 augement their
earnings, she and husband resorted to selling other items like
candles and soaps.
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 “THE SUCCESS STORY BEHIND THE NATIONAL BOOKSTORE”

After the post-war boom, the Ramoses opened a nin-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 survice the crisis brought
by covid-19 pandemic. All good things are blessing from the almighty
God and granted to anyone whom he loves at his pleasure.

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 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.

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Forms of Business Organization
according to Ownership

SOLE PROPRIETORSHIP

CORPORATION

PARTNERSHIP
 Forms of Business Organization according to
Ownership
Sole Proprietorship – is the type of business entity owned and
operated by a single person
Partnership – is a business owned by two or more person who
contribute resources into the entity. The partners divide the profits of
the business among themselves.
Corporation – is an enterprise chartered by law with most of the legal
rights of a person including to conduct a business, to own and sell
property, to borrow money, to sue and to be sued. A corporation is a
business organization that has a separate legal personality from its
owner.
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Major Contribution of forms of Business
Organization in Socio Economic Development

Business are considered the engine of the economy

because they contributed to the economy of our
country through paying corporate taxes so that the
government can provide the promote social welfare of
its citizens. Business also provides job opportunities
which compensates the people in the society.

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 Comparative Analysis
Forms of Business Organizations
Sole Proprietorship Partnership Corporation
Easiest to establish It could be easily to establish like Hard to establish
sole proprietorship
Limited life Limited life Life id 50 years and can be extended
Small amount of Capital is needed to Large amount to capital Large amount of capital
start a business
Ownership of all profits/losses Share of profit/losses Proportion to each stockholder’s
percentage of ownership interest
Unlimited Liability Unlimited of liability of the Stockholders have limited liability
partner
Minimum legal requirements Subject to minimum government Subject to numerous government
regulations regulations
Business Secrecy Business secrecy Lack of secrecy
Personal interest in managing the Each partner has a right to Lack of personal interest
business participate
Tax saving Tax savings Several taxes to pay as mandated by
laws and ordinances
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Assessment: Multiple Choice
1.Which is not a form of business
ownership?
a. Sole Proprietorship
b. Partnership
c. Corporation
d. retail
Assessment: Multiple Choice
2. Easy to start; owner is own boss; owner keeps
all the profits and shoulders losses. These are
some descriptions of what type of business.
a. Sole Proprietorship
b. Partnership
c. Corporation
d. Franchise
Assessment: Multiple Choice
3. What form of business consists of two or more
people to carry on, as co-owners of a business for
profit?
a. Sole Proprietorship
b. Partnership
c. Corporation
d. Cooperative
Assessment: Multiple Choice
4. Your mother has Php 100,000. she wants to
invest her money in the form of business that has
the least amount of personal liability. What form
of business would you recommend?
a. Sole Proprietorship
b. Partnership
c. Corporation
d. Cooperative
 Assessment: Multiple Choice
5. How a corporation differs from a sole proprietorship?
a. corporations are owned by only one person.
b. corporations can sell stocks to large and small
investors to raise money for the business.
c. Sole proprietorship have limited liability for the
owners.
d. Sole proprietorship require a legal charter to start
the business.
 Assessment: TRUE or FALSE

6. A sole proprietorship, owned by one

person, is a form of business organization
that is small, requires little amount of
capital and is readily established under the
control of one person.
Assessment: TRUE or FALSE

7. A Partnership is a form of business in

which two or more people operate for the
common goal of making a profit.
Assessment: TRUE or FALSE

8. A Partnership is an artificial being

created by operation of law.
Assessment: TRUE or FALSE

9. A Sole proprietorship has the advantage

of least government regulations.
Assessment: TRUE or FALSE

10. A Corporation has powers, attributes,

and properties expressly authorized by
law.
Business and Ethics

“There are two

educations. One should
teach us how to make a
living and the other
how to live”
- John T. Adams

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Business and Ethics

1. The Nature of Business

2. The Importance of Ethics in Business

3. The Business’s Myths about Business Ethics

4. The Relationship Between Ethics and Business

5. Moral Reasoning in Business

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Business and Ethics

6. The Morality of Profit-Motive

7. The Concept of Moral Responsibility

8. Business Ethics Defined

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THE CORE
PRINCIPLES OF GOOD
CORPORATE
GOVERNANCE

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Core Principles of a Good Corporate Governance

FAIRNESS
- Fairness comes from the old English word “faeger” which
means “pleasing or a attractive.” it is the quality of making
judgments that are free from discrimination. Fairness in the
context of a business organization involves balancing the
interests involved in all decision-making including any decisions
related to hiring, firing (including the investigatory process), and
the compensation and rewards system. Hiring the right people is
one of the most important decisions an organization makes.
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Core Principles of a Good Corporate Governance

ACCOUNTABILITY
- Accountability is the obligation of an
individual or organization to account for its
activities, accept responsibility for them, and to
disclose the results in a transparent manner.

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Core Principles of a Good Corporate Governance

ACCOUNTABILITY
- Accountability in the context of a
business organization is the obligation to
demonstrate that work has been conducted in
compliance with agreed rules and standards or
to report fairly and accurately on performance
results vis-à-vis mandated roles and/or plans.
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Core Principles of a Good Corporate Governance

TRANSPARENCY
- Transparency is defined as being authentic in the
way an organization message themselves externally- to
stakeholders, to prospective customers and talent, and
within the community. It allows stakeholders to
understand whether the activities of social institutions
provide a genuine service to civil society and whether
money is used appropriately.
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Core Principles of a Good Corporate Governance

TRANSPARENCY
- Transparency means there is lack of
hidden agendas or conditions, accompanied by
the availability of full information required of
collaboration, cooperation, and collective
decision-making.
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Core Principles of a Good Corporate Governance

STEWARDSHIP
- In biblical terms, stewardship is defined
as utilizing and managing all resources God
provides for the glory of god and the
betterment of his creation. That definition plays
a critical role in todays business landscape.
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Core Principles of a Good Corporate Governance

STEWARDSHIP
- In the context of business organization,
stewardship refers to taking responsibility for
the business and the effects it has on the world
around it. This involves considering more than
just the bottom line and looking at elements
such as values, ethics, and morals.
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Activity 1: TRUE or FALSE

__1. Fairness involves balancing the interests involved in

all decision making including decisions related to
employees hiring, firing, compensation, and reward
system.
__2. transparency allows stakeholders to understand
whether the activities of social institutions such as internet
organizations and NGO’s provide a genuine service to
civil society and whether money is used appropriately.
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Activity 1: TRUE or FALSE

__3. transparency means to be liable to explain

or justify one’s action and decision.
__4. Accountability is the quality of making
judgment that is free from discrimination.
__5. Accountability implies responsibility.

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Activity 1: choose the letter of the correct answer.

1. You insert the exact amount into the vending

machine at school for a can of soda. Two cans are
released from the machine. What will you do
with the extra can of soda?
a. offer the can of juice to your classmate
b. keep the extra can of soda for you.
c. report an incident to appropriate school
personnel.
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Activity 1: choose the letter of the correct answer.

2. Employees expect that their employers will be

transparent. What does this refers to?
a. the need for an office space to use glass
walls.
b. Employees are responsible for their
employer’s actions.
c. Employers to provide honest and clear
information to their employees.
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Activity 1: choose the letter of the correct answer.

3. Joseph found out his father’s password to

open her Facebook account. What is the
ethically correct thing for him to do?
a. give the password to all other students.
b. tell the teacher so she may change it.
c. keep it to himself and if someone finds
out the password it is not his problem.
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Activity 1: choose the letter of the correct answer.

4. Arriving to work on time is an example of

which characteristic of a good employee?
a. timeliness
b. personal accountability
c. adaptability

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Activity 1: choose the letter of the correct answer.

5. Providing wrong information on the resume

is an example of which of the following:
a. lack of transparency on employee’s part
b. poor transparency on an employer’s part
c. lack of accountability on an employer’s
part.
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Activity 1: choose the letter of the correct answer.

6. What is fairness?
a. something that is beneficial for you.
b. something that is beneficial for all of
society.
c. the quality of treating people equally.

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Activity 1: choose the letter of the correct answer.

7. Stewardship is not limited to money. What

other thing that God expect you manage?
a. education
b. time
c. health

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Activity 1: choose the letter of the correct answer.

8. What does accountability refer to?

a. being responsible for one’s action
b. providing access to information.
c. the ability to hire and fire an employee.

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Activity 1: choose the letter of the correct answer.

9. Which is considered unethical business

practice?
a. training employees unfairly
b. selling quality product.
c. good word of mouth from customer.

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Activity 1: choose the letter of the correct answer.

10. All of the following are considered abusive

conduct in the workplace EXCEPT.
a. Invading the personal space of co-
workers
b. Insulting co-workers.
c. Receiving a performance review from a
supervisor.
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Activity 3 – Identify what principle (Accountability, Fairness
or Transparency) is being applied in the following situations.

_____1. Ms. Cruz uses rubrics in evaluating students’ task performance.

_____2. Manuel L. Quezon High School implements guidelines in
conducting school activities like field trip.
_____3. Mrs. Delos Reyes entertains queries of students on the computation
of their grades.
_____4. Ms. Jimenez, the department head, reported the financial statement
of the department in full details.
_____5. The school’s guard reported the incident to the guidance office.

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 II- CASE STUDY
Mang Eugenio Ventura: Filipino Taxi Driver with a Golden
Heart

The story of Mang Eugenio Ventura, an

Extraordinary cab driver, went viral in the social media
when a passenger spread the good work about him, not
rejecting passengers (despite heavy traffic in metro
manila) and declining tips. Apart from being fair and
honest, he is the jolly type – he just laughs off the
congestion on the main roads of the city. He got featured
in an episode of the TV program “Mission Possible.”
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 II- CASE STUDY
Mang Eugenio Ventura: Filipino Taxi Driver with a Golden
Heart

Questions:
1. What do you think has molded the fair, honest and
cheerful behavior of Mang Eugenio?
2. What lesson have you learned from the good
example of Mang Eugenio?
3. In school, how can you teach and train students in
fair, honest and ethical behavior?
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thank you
mirjam nilsson
mirjam@contoso.com
www.contoso.com