Senior High School

Business Ethics and

Social Responsibility
Quarter 3 – Module 1
The Role of Business in Social and
Economic Development

Department of Education • Republic of the Philippines

Business Ethics and Social Responsibility – Grade 11/12
Alternative Delivery Mode
Quarter 3 – Module 1: The Role of Business in Social and Economic
Development
First Edition, 2020

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Published by the Department of Education

Secretary: Leonor Magtolis Briones, PhD
Undersecretary: Diosdado M. San Antonio, PhD
Assistant Secretary: Alma Ruby C. Torio, PhD

Development Team of the Module

Author: Annalyn G. Ranile

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 SENIOR HIGH SCHOOL

Business Ethics and

Social Responsibility
Quarter 3 – Module 1
The Role of Business in Social
and Economic Development

This instructional material is collaboratively developed and reviewed

by educators from public and private schools, colleges, and/or universities.
We encourage teachers and other education stakeholders to email their
feedback, comments, and recommendation to the Department of Education
at [email protected]

We value your feedback and recommendations.

Department of Education • Republic of the Philippines

 Table of Contents

Introduction ------------------------------------------------------------------------------------------ 2

Pre-test ------------------------------------------------------------------------------------------------ 4

Lesson 1 ---------------------------------------------------------------------------------------------- 6

Lesson 2 ---------------------------------------------------------------------------------------------- 14

Lesson 3 ---------------------------------------------------------------------------------------------- 20

Assessment ------------------------------------------------------------------------------------------ 29

Answer Key ------------------------------------------------------------------------------------------ 31

References ------------------------------------------------------------------------------------------- 32
 INTRODUCTION

Hello dear learners! Welcome to this module on Business Ethics and Social
Responsibility. This module makes us realize that there are Filipino businessmen
who practice Social Responsibility in business through fairness and generosity to
employees. Profit sharing has the positive effect of minimizing productivity-reducing
conflict and generating productivity enhancing cooperation and innovation. If only
more entrepreneurs and businessmen were doing this, job satisfaction across the
labor force might be likely and the results would immeasurable. The module is self –
instructional and allows you to learn in your own space, at your own pace. So, relax
and enjoy learning.

To the teacher:

This lesson assume that the teacher has already introduced to his/ her
learners knowledge about the nature and forms of business organizations in the
Fundamentals of Accountancy, Business Management 1 subject taken in Grade 11.

The primary goal of this module is to help learners engaged in some simple
activities in order to have necessary skills and understanding about the forms of
business organization in terms of their purpose and role in socio-economic
development.

To the Learners:

At the end of this module, you will be able to learn more about business
organization and its social functions in the community to alleviate poverty. The
importance of virtuousness on the part of the individual and institution, and other
means that can help for social development

In order to achieve the objectives of this module, it is necessary to have completed

all the module for you to fully understand the activities and discussions.

Specifically, this module consists of the following lessons:

 Lesson 1.1- Differentiate the forms of business organizations in terms

of their purpose and role on socio-economic development

 Lesson 1.2 – Illustrate how fairness, accountability, transparency and

stewardship is observed in business and non-profit organizations

 Lesson 1.3 – Formulate a “Code of Ethics” that reflect core principles

derived from analyses

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 GENERAL INSTRUCTIONS

For the learners: To be guided For the teacher: To facilitate and

in achieving the objectives of this ensure the students’ learning
module, do the following: from this module, you are
Read and follow instructions encouraged to do the following
carefully. (you may edit this part):
Clearly communicate learning
Write all your ANSWERS in your competencies and objectives
ACTIVITY NOTEBOOK.
Motivate through applications and
Answer the pretest before going connections to real life.
through the lessons.
Give applications of the theory
Take note and record points for
clarification. Discuss worked-out examples
Compare your answers against Give time for hands-on unguided
the key to answers found at the classroom work and discovery
end of the module.
Use formative assessment to give
Do the activities and fully feedback
understand each lesson.
Introduce extensions or
Answer the self-check to monitor generalizations of concepts
what you learned in each lesson.
Engage in reflection questions
Answer the posttest after you
Encourage analysis through
have gone over all the lessons.
higher order thinking prompts
Provide alternative formats for
student work
Remind learners to write their
answers in their Philosophy
Activity Notebook

3
Before heading on to our lesson, let us first check what you already know.

Direction: Read each item below and write the letter of your answer in your activity
notebook.

______ 1. It is a form of business owned by one person

a. Partnership c. Corporation
b. Sole Proprietorship d. Cooperative

______ 2. A business form owned by two or more individuals.

a. Sole Proprietorship c. Partnership
b. Cooperative d. Corporation

______ 3. In non-government office, it is very important because the appropriate

information disclosure is necessary to inform donors about how their money
used by a certain organization.
a. Accountability c. Responsibility
b. Transparency d. Fairness

______ 4. Are skills and the mental ability that managers must have to analyze
and diagnose complex situations.
a. Human Skills c. Conceptual Skills
b. Technical skills d. Management

______ 5. They go beyond their own self-interest and focus on opportunities to

help followers grow and develop.
a. Incorporator c. Proprietor
b. Member d. Partner

______ 6.Referred to as an “ethical code,” that may encompass areas such as

business ethics, a code of professional practice and an employee code of
conduct.
a. Code of Ethics c. Documentation
b. Marketing d. Decorum

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 ______ 7.Refers to the activities of a company undertakes to promote the buying
and selling of its product and services.
a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 8.All books, records, files, business records and plans, reports,
correspondence, documentation in respect of agreement and other financial
and customer data.
a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 9.Defined as an appropriate, polite behaviour in a particular society.

a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 10. A guide for principles designed to help professional conduct business
honestly and with integrity.
a. Decorum c. Marketing
b. Code of Ethics d. Documentation

Great job!
Later we will see if your answers are correct by reading the rest of this module.

Lesson The Nature and Forms of

1 Business Organization

What I Need To5Know

Objectives: After going through this module, the learners should be able to:

1. Define and describe business and business organizations

2. Identify and describe the various forms of business organization: sole

proprietorship, partnerships, and corporations

3. Compare and contrast the various forms of business organizations; and

4. Illustrate the role of each form of business organization in the economy

What’s In

As you have taken the subject Fundamentals of Accountancy, Business and

Management 1 you already learned about this lesson:

Forms of Business Organization:

1.Sole Proprietorship – is owned by one person.

Advantages:
 The owner has all the profit
 The owner makes all the decisions
 It is easy to form and operate
Disadvantages:
 The ownership of the business is not transferrable. Once the owner
dies the business under the owner’s name will also terminated.
 The capital of the business is limited only to the financial capability of
the owner
2. Partnership – is owned by two or more persons.
Advantages:
 It is easier to raise capital as there are more than one investor
 “Two heads are better than one”, thus planning towards the
development of the business operation will be efficiently implemented.
Disadvantages:
 Profits are divided among the partners based on their capital sharing
 A partner can be liable to any mistakes made by other partners
 Any debt or liability of one partner is also a responsibility of other
partners

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3. Corporation – is created by law (Corporation Code of the Philippines) and it is
owned by stockholders or shareholders.
Advantages:
 Can easily raise additional by selling of shares of stock to the public.
 Stockholders or shareholders are not personally liable for the debts or
the corporation.
Disadvantages:
 A corporation company is not easy to set up.
 The business operation is restricted by law.

What’s New

Activity 1

Direction. List down at least five (5) in each forms of business organization
found in your community. Write your answer in your Activity Notebook.

1. ___________________________________________________________________
2. ___________________________________________________________________
3. ___________________________________________________________________
4. ___________________________________________________________________
5. ___________________________________________________________________

Each form of the business organization plays a vital role in the economic
development and wealth of the country. The businesses make goods and services
use by every individual each day. They provide jobs and through the wages earned
people would have a quality of life, buy property, enjoy leisure activities and invest
money for wealth maximization.

What Is It?

From your answers in your recent activity, you will learn what are the
purposes and roles of the business organization on socio-economic development
within your community.

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The Social Function of the Business

Social Responsibility
This means individuals and companies’ obligation in the best interests of their
environment and to the society. In business, it applies through corporate social
responsibility wherein a certain company will have a CSR programs, volunteer efforts
and charitable contributions as the organizations give back to the society.

Responsibilities to the General Public

These responsibilities include avoiding risks and promoting public health, protecting
the environment, and developing the quality of service to the employees. Business
organization should support charities, aid to humanity programs or any community
services through their Corporate Social Responsibility.

Responsibilities to customers
Businesses are obligated to protect the consumers’ right to be safe, to be informed,
to choose, and to be heard.

Responsibilities to employees
In addition to pay, employees today expect a safe working environment, greater
benefits such as bonuses, incentives, allowances and as much possible could
compensate all the workloads. The workplace should also be free of bullying, age
discrimination and sexual harassment.

Responsibilities to investors and the financial community

Businesses must be honest in reporting their profits and financial performance to
avoid misleading investors. When firms fail in meeting these responsibilities
thousands of investors, employees and customers can suffer. Therefore,
government agencies exist to ensure that businesses follow proper accounting
practices and to investigate alleged fraud and other financial misdeeds.

What’s More

Activity 2. Test your knowledge

Direction: Choose the letter of the correct answer. Write your answer in your
notebook

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 1. Forms of business organization in which the owner has all the profits.
a. Corporation c. Sole Proprietorship
b. Partnership d. Business

2. One of its disadvantages is that the business operation is restricted by law.

a. Sole Proprietorship c. Partnership
b. Corporation d. Equity

3. It is easier to raise capital as there are more than one investor.

a. Partnership c. Corporation
b. Sole Proprietorship d. Capital

4. It is easy to form and operate.

a. Corporation c. Capital
b. Partnership d. Sole Proprietorship

5. It can easily raise additional by selling of shares of stock to the public.

a. Sole Proprietorship c. Partnership
b. Corporation d. Equity

6. Social Responsibility applies in business as company’s corporate social.

a. True c. Maybe
b. False d. All of the above

7. Protection of the consumer’s right is the responsibility of the business

organization
a. True c. Maybe
b. False d. All of the above

8. Businesses must be honest in reporting their profits and financial performance

to avoid misleading investors
a. True c. Maybe
b. False d. All of the above

9. It is the responsibility of the business to give a safe working place to the

employees. However, it does not include giving them an overtime pay when
they render extra hours on duty.
a. True c. Maybe
b. False d. All of the above
10. Promoting public health is one of the responsibilities of the business to the
public. Supporting charities and other aid to humanity programs are also
included.
a. True c. Maybe
b. False d. All of the above

Activity 3. Your Turn

Direction: In your activity notebook copy the table below and fill in your answer.

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In your Warm-up Activity, choose at least two (2) samples of each form of business
organization found in your community and state its roles and purposes in the socio-
economic development.

FORMS OF BUSINESS
ROLE AND PURPOSE
ORGANIZATION

Sole Proprietorship

1  

2  

Partnership

1  

2  

Corporation

1  

2  

What I have Learned?

Activity 4

Direction: In your activity notebook, create a graphic organizer on the social

functions of the business organization.

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Remember these key points:

 Forms of Business Organization:

 Single Proprietorship
 Partnership
 Corporation
 Social Function of Business:
 Social Responsibility
 Responsibilities to the General Public
 Responsibilities to customers
 Responsibilities to employees
 Responsibilities to investors and the financial community

What I can do?

Activity 5

Suppose you are going to put up your own company, list down at least ten (10) of
your possible contributions to the socio-economic development in your community.
Write your answer in your activity notebook.

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Self-Check!
________________________________________________________
________________________________________________________
Great job! You have completed Lesson 1 successfully! Before going to the
next________________________________________________________
lesson, check the icon that best shows your learning experience.

________________________________________________________
I have understood the lesson well and I can even teach
__________________________________________
what I learned to others.

I have understood the lesson but there are still other things that I
need to review and relearn.

I need to do additional work to be able to master the

lesson. I need help in some tasks.

If you checked the first icon, you are ready for lesson 2. If you have checked
the second icon, you need to review the things that you need to relearn. If you have
checked the third icon, 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. Be honest so
that you will truly improve.

Additional Activity

After doing the activities:

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 Lesson Core Principles of Fairness,
2 Accountability and Transparency

Learning Objectives

At the end of this lesson, the students should be able to:

1. Explain the meaning of fairness, justice, accountability, stewardship and

transparency.
2. Explain the notion of competence, professionalism, and responsibility

What’s In

You have learned in the previous lesson about the forms of business
organization and its role in the socio-economic development in the society.

Goods and services provided by the business contributed to the quality of life
to the people within the community. Creating jobs have been more essential to
socio-economic development. Businesses have many social functions; one is the
corporate social responsibility wherein they will have CSR programs and any
contributions as what the business give back to the society. Another is their
responsibility to the general public, customers, employees and investors and the

What’s New

financial community.

As a student, how do you apply accountability, fairness, and transparency? Write your
answer in your activity notebook.

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_________________________________________________________
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 _________________________________________________________
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_________________________________________________________
_________________________________________________________
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What Is It?
_________________________________________________________
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_________________________________________________________
Core Principles of Fairness, Accountability, and Transparency
_________________________________________________________
_________________________________________________________
Accountability
The obligation to demonstrate that work has been conducted in compliance with
_________________________________________________________
agreed rules and standard. To be accountable is to be liable to explain or justify
one’s actions and decisions. Accountability implies responsibility: it is reasonable
_________________________________________________________
only to hold people to account for those things for which they are responsible.
_________________________________________________________
Fairness
_________________________________________________________
The quality of making judgements that are free from discrimination. However, in the
_________________________________________________________
context of business organization, it involves balancing the interests involved in all
decision-making including any hiring, firing (of employees), compensation and
_________________________________________________________
reward system.
_____________________
Transparency
It is the quality of being easily seen through. In busines context, transparency is
honesty and openness. Corporate transparency such as the ethical justification for
information disclosure and the management – employee relationship (participative
management). The management should be honest and open to its employees about
the operation of the business for them to easily participate in attaining the
organizational goals and suggest great ideas to solve problems. In Non-
government offices, appropriate information disclosure is necessary to inform donors
about how their money used by a certain organization.

Notions of Competence, Professionalism and Responsibility

The minimum competences expected of professionals:

1. Technical Skills – encompass the ability to apply specialized knowledge
or expertise.

2. Human Skills – is the ability to understand, communicate with, motivate,

and support other people, both individually and in groups.

3. Conceptual Skills – are the skills and the mental ability that managers
must have to analyze and diagnose complex situations.

The moral character and technical competence are viewed as being equally
important for worker excellence. The most basic necessary skill for a working
professional if a solid competence in the human sphere, in the sphere of work.
He/she must have a human maturity who works not only hard and solidly but also
efficiently, that is, with professionalism. Work is done in a spirit of service and love
for those people around us.

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Part of the responsibility of the worker is to be trustworthy, with integrity,
benevolence, and competent. Trustworthiness is very important to managers, once
it’s broken, employees will be not satisfied and less committed.

Servant leaders go beyond their own self-interest and focus on opportunities to help
followers grow and develop. They do not use powers to achieve their goals. The
characteristic behavior of a servant leaders includes listening, empathizing,
persuading, accepting stewardship, actively developing follower’s potential.

Effect of the servant leadership:

a. Resulted in higher levels of commitment to the supervisor
b. Increase team potency (a belief that one’s team has above-average skills,
and abilities.
c. Higher levels of citizenship associated with a focus on growth and
advancement.

What’s More
Activity 1. Test your knowledge

Direction: Read each item below and write the letter of your answer in your activity
notebook.

1. To be accountable is to be liable to explain or justify one’s actions and

decisions. What is it?
a. Accountability c. Fairness
b. Responsibility d. Transparency

2. It is the quality of making judgements that are free from discrimination.

a. Responsibility c. Fairness
b. Transparency d. Accountability

3. It is the quality of being easily seen through.

a. Fairness c. Responsibility
b. Accountability d. Transparency

4. Skills that encompasses the ability to apply specialized knowledge or

expertise.
a. Technical Skills c. Conceptual Skills
b. Human Skills d. Managerial Skills

5. Skills that have an ability to understand, communicate with, motivate, and

support other people, both individually and in groups.
a. Conceptual Skills c. Human Skills
b. Technical Skills d. Analytical Skills

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 Activity 2. Enrichment

Direction: In one hundred (100) words answer the question below. Write your
answer in your activity notebook.

When I am in a workplace, how do I instill professionalism?

_________________________________________________________
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What I have Learned?
Reflective Question:

Remember in a classroom setting, how does your teacher or adviser apply

accountability, fairness, and transparency in a class? Write your answer in your
notebook.
Remember these key points:

_________________________________________________________
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 Core Principles of Fairness, Accountability, and Transparency

 Notions of Competence, Professionalism and Responsibility

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  Technical Skills
 Human Skills
 Conceptual Skills

What I can do?

Direction: Read the situation below and write your answer in your activity notebook.

Suppose you are a manager of a certain company; you have a very

competent employee whom you trusted most. One day you left for an out of town
business summit. You entrusted him the whole organization while you are not
around. When you came back, you have found out that there are important
documents lost inside your office. You have already conducted an investigation and
there was no lead who had stolen the said documents. Your employee apologized
about his negligence and asked for a second chance to regain your trust.

As a manager what is your stand about the incident? How do you impose
consequences to the employee with fairness?

________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
_____________________________________________________

Self-Check!

Great job! You have completed Lesson 2 successfully! Before going to the
next lesson, check the icon that best shows your learning experience.

18
I have understood the lesson well and I can even teach
what I learned to others.
 that I need to review and relearn.

I need to do additional work to be able to master the

lesson. I need help in some tasks.

If you checked the first icon, you are ready for lesson 3. If you have checked
the second icon, you need to review the things that you need to relearn. If you have
checked the third icon, 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. Be honest so
that you will truly improve.

Additional Activity

After doing the activities:

I noticed
___________________________________________________

A question I have is
___________________________________________________

I’m not sure

___________________________________________________

I realized
Lesson Codes of Ethics
3

Learning Objectives:

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

 Formulate a “Code of Ethics” that reflect core principles derived from

analysis (ABM _ESR12-IIIa-d-1.6)

What’s In 19
 Activity 1. Review

Direction: Give some examples of Business Ethics. Write on the boxes provided.

What Is It?

Code of Ethics

Referred to as an “ethical code,” that may encompass areas such as business

ethics, a code of professional practice and an employee code of conduct. It can also
be a guide for principles designed to help professional conduct business honestly
and with integrity. A code of ethics document may outline the mission and values of
the business, how professionals are supposed to approach problems, and the ethical
principles are based on the organization’s core values and the standards to which
the professional is held.

The purpose of a code of ethics is to provide guidance and set common ethical
standards to promote consistency in behavior across all levels of employment. It is
concerned in an individual’s moral judgements about right and wrong. Ethical
behavior and corporate social responsibility can bring significant benefits to the
business.

20
Ethical values guide us along a pathway to deal more effectively with ethical
dilemmas by eliminating those behaviors that do not conform to our sense of right
and wrong and our best rational interests without sacrificing others.

Common Practices in Business Organizations

1. Decorum
Defined as an appropriate, polite behaviour in a particular society. Office
decorum is about the Do’s and Don’ts to be observed in a workplace. It
considers a simple list of a guidelines which help in making the office
environment a better place to work.

2. Protocol
Generally, means an official set of procedures for what actions to take in a
certain situation. It is the proper procedure of conduct and a standard set of
rules that allow employees to communicate with each other. The business
protocol is an important aspect for the formation of relationships within a
company and between companies. It also helps ensure that all employees
understand their role in the company, their task and challenges on how to act
on it accurately and quickly. The purpose of business protocol is to
encourage employees to act in a uniform manner.

3. Policies and Procedures

It provides employees a clear understanding of what is being expected to
them and it also provide a fair, predictable and consistent approach in
managing a workplace and its issues. Company policies and procedures are
being implement to protect the rights of the employees as well as the
business interest of the employers. It establishes the rules of conduct within
the organization and outlining the responsibilities of both employees and
employers.
4. Marketing
This refers to the activities of a company undertakes to promote the buying
and selling of its product and services. It includes promotion, doing research,
advertising, selling, and distribution of the services and its goods.

Seven Elements of Marketing:

1. Product
2. Price
3. Promotion
4. Place
5. Packaging
6. Positioning
7. People

5. Bookkeeping
A system of maintaining records and data of a particular business with
centralized book of records to balance daily sales and cash receipts as well
as to reconcile bank accounts. It is considered as the organization of financial
information in which you are keeping your records organized and make it

21
 easier to locate and provide to appropriate parties. It is important because it
helps with business analysis, a tool used by management to analyze business
performance.

Features of Bookkeeping:
a. Recording financial transactions.
b. Posting debits and credits
c. Producing Invoices
d. Maintaining and balancing subsidiaries, general ledger, and
historical accounts
e. Completing payroll

6. Reportorial requirements
Stricter for companies that sell securities to the public, are listed in the stock
exchange or are classified as public companies. It is stipulated by laws such
as the Securities Regulation Code and the Corporation Code of the
Philippines.

7. Documentation
All books, records, files, business records and plans, reports,
correspondence, documentation in respect of agreement and other financial
and customer data. It helps to tell the narrative for decision made and how
the client responded to different situations.

What’s More

Activity 2. True of False

Direction: Write TRUE if the statement is correct otherwise choose FALSE. Write
your answer on the space provide.

______ 1.A One of the major social responsibility for business is providing equal
opportunities and fair treatment among employees.

______ 2.By establishing and enforcing ethical standards and policies in the
business would help reduce unethical behavior by prescribing which activities

22
 are acceptable and which are not in removing the opportunity to act
unethically.

______ 3.A voluntary responsiblity are optional activities that promote human
welfare and goodwill.

______ 4. Without code of ethics, employees are most likely base thier decisions
on how their peers and superiors behave.

______ 5. The fairness and honesty was consider as the heart of business ethics
and being relate to the general values of a decision maker.

______ 6. The professional code of ethics was the standard and formalized rules
which described what the company expects of its employees.

______ 7. Since all ethical standards are universally accepted, so they do not
depend on a particular culture in which the business is practicing.

______ 8. Sustainability involve in conducting activities that provide a long-term

well being of a natural environment including all biological entities.

______ 9. Most basic ethical concerns has been codified by laws and regulations
that encourage businesses to conform in society’s norms and values.

______ 10. The corporate citizenship is the extent in which businesses meet the
legal, ethical, economic, and voluntary responsibilities given to them by the
owners.

Activity 3. Enhancement

Direction. Answer the following questions that well enhance your understanding
capability.

1. What do you think is the difference between ethics and morals?

____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
23
 2. What is the purpose of policies and procedures in a workplace?

____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

3. What is the importance of good ethics?

____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

What I have Learned?

Reflective Question

Direction: Select one of the Code of Ethics and elaborate it in your own
understanding. Explain how it affects business organization?

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 _____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________
_____________________________________________________

Remember these key points:

 Code of Ethics
 Common Practices in Business Organizations:
 Decorum
 Protocol
 Policies and Procedures
 Marketing
 Bookkeeping

25
  Reportorial requirements
 Documentation

What I can do?

Activity 4. Your Turn

Here are some examples of Ethical issues in the Business

organizations.
 Health and the safety in the working place.
 Discrimination in the workplace.
 Ethics in the Accounting practices.
 The social Media rants.
 Harassment
 Nondisclosure and corporate espionage.
 Technology and privacy practices.

1. Select one of those ethical issues above mentioned. How would you
address them?

_____________________________________________________________________________
_____________________________________________________________________________
____________________________________________________________________________
_____________________________________________________________________________
____________________________________________________________________________
_____________________________________________________________________________
____________________________________________________________________________
_____________________________________________________________________________
____________________________________________________________________________
_____________________________________________________________________________
____________________________________________________________________________
______________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

2. What do you think is the role of ethics in the business?

3. How important is Ethics and Social responsibility in the Business?

____________________________________________________________________________
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____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
 4. What do you mean by Ethical responsibilities?

____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

Self-Check!

Great job! You have completed Lesson 3 successfully! Before going to the
next lesson, check the icon that best shows your learning experience.

I have understood the lesson well and I can even teach

what I learned to others.

I have understood the lesson but there are still other things that I
need to review and relearn.

I need to do additional work to be able to master the

lesson. I need help in some tasks.

If you checked the first icon, you are ready for the next module. If you have
checked the second icon, you need to review the things that you need to relearn. If
you have checked the third icon, 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. Be
honest so that you will truly improve.

Additional Activity
27
 After doing the activities:

I noticed
___________________________________________________

A question I have is
___________________________________________________

I’m not sure

___________________________________________________

I realized
___________________________________________________

Let check how much you learned from this module’s coverage A
s
Direction. Answer the 10-item Simple Recall Test and write your answers on the
blank provided before the number. s
e
s
______ 1.Are skills and the mental ability that managers must have to analyze
and diagnose complex situations.
a. Human Skills c. Conceptual Skills s
b. Technical skills d. Management m
______ 2.All books, records, files, business records and plans, reports,e
n
correspondence, documentation in respect of agreement and other financial
and customer data.
a. Code of Ethics c. Documentation
t
b. Marketing d. Decorum

______ 3.Refers to the activities of a company undertakes to promote the buying

and selling of its product and services.
a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 4.It is a form of business owned by one person

28
 a. Partnership c. Corporation
b. Sole Proprietorship d. Cooperative

______ 5.In non-government office, it is very important because the appropriate

information disclosure is necessary to inform donors about how their money
used by a certain organization.
a. Accountability c. Responsibility
b. Transparency d. Fairness

______ 6.Defined as an appropriate, polite behaviour in a particular society.

a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 7.In non-government office, it is very important because the appropriate

information disclosure is necessary to inform donors about how their money
used by a certain organization.
a. Accountability c. Responsibility
b. Transparency d. Fairness

______ 8.A business form owned by two or more individuals.

a. Sole Proprietorship c. Partnership
b. Cooperative d. Corporation

______ 9.Referred to as an “ethical code,” that may encompass areas such as

business ethics, a code of professional practice and an employee code of
conduct.
a. Code of Ethics c. Documentation
b. Marketing d. Decorum

______ 10. A business form owned by two or more individuals.

a. Sole Proprietorship c. Partnership
b. Cooperative d. Corporation

Congratulations!
You have completed your journey in this module. You did a
great job! It is now time to go on to the next adventure…
Good29 luck!
 Answer Key

What I know – Pre- Assessment Test

1. B 6. A
2. C 7. B
3. B 8. C
4. C 9. D
5. B 10. B

Lesson 1
What’s More. Activity 1
1. C 6. A
2. B 7. B
3. A 8. A
4. D 9. B
5. B 10. A

Lesson 2
What’s More. Activity 1
1. B
2. C
3. A
4. D
5. C

Lesson 3
What’s More. Activity 2
1. True 6. True
2. True 7. False
3. True 8. True
4. True 9. True
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5. True 10. False

Post – Assessment Test

1. C 6. D
 References

Aliza Racelis, RBS Business Ethics and Social Responsibility, First Edition 2017

DepEd Fundamentals of Accountancy, Business Management 1, E-Book

https://www.google.com/url?
sa=t&source=web&rct=j&url=http://bcs.solano.edu/workarea/cogden/Bus
%25205%2520Spring%25202014/Ch
%25202/SG_Ch02_CE.pdf&ved=2ahUKEwjVw__Qi5PrAhXVa94KHTGpA4IQFjAAe
gQIARAC&usg=AOvVaw2kNfU07EiA8lXI_4z_iC2U&cshid=1597146870324

https://smallbusiness.charon.com

https://www.entreprenuer.com

https://www.investopedia.com

https://www.code.com.au

https://bizfluent.com

https://en.m.wikipedia.org>wiki

https://images.app.goo.gl/aNyzzqNVfAXo3hRU7

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32