BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

ABM SPECIALIZED SUBJECT

BUSINESS BEYOND PROFIT MOTIVATION

MELC 4 – Module 4 - Quarter 4 (Week 5-6)

ILOILO CITY NATIONAL HIGH SCHOOL

SENIOR HIGH SCHOOL CURRICULUM
Prepared by:

LEILA C. MAGNO
Teacher II

Learning Competencies:
INTRODUCTION
Lesson 1 – Importance of
Establishing Business Beyond A business must have reason to exist beyond that of
Profit making money and maximizing shareholder value. Profit
cannot be the goal, vision, or the purpose of an
ABM_ESR12-IVm-p-4.1 organization. An organization that posts great year end
Explain the importance of results doesn't automatically earn the title of being a great
the establishment and company.
maintenance of a business as
a source of job opportunities A true vision for a business rests on the foundations of
and financial freedom. Express both purpose and values. The people within the business
appreciation of the have to be passionate about what they do and why they
importance of a business do it. The business goals must then align with this foundation.
enterprise as a vehicle for job Without a clear foundation, a business will never be truly
opportunities and financial strategic.
freedom.
In this module, explores all concepts necessary to
Lesson 2 - Action Plan in help learners know the importance of establishing and
Assisting Small Businesses in sustaining business enterprise as a source of job
Practicing Ethics and Social opportunities and financial freedom. This gives students a
Responsibility strong foundation which will be used when they will choose
to start their own business or choose business courses in the
ABM_ESR12-IVm-p-4.2 future.
ABM_ESR12-IVm-p-4.3
Identify the parts and contents
This module will also guide the learners to prepare
of each, of an action plan.
and implement a proposed personal action plan to assist
Construct an action plan that
an existing small business enterprise to practice ethics and
will assist small business
social responsibility in their business operation.
enterprise to practice ethics
and social responsibility.
Appreciate the importance of
an action plan to businesses.

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BOOST YOURSELF
Let us check your prior knowledge about this module’s coverage.

Direction:
True or False. Read each statement below and evaluate whether it is true or false. Write letter
A if the statement is true and B if otherwise.

______ 1. Financial independence is to have enough savings and cash on hand to sustain the
kind of life we desire for ourselves and our families.

______ 2. Corporate social responsibility that created as an act of protecting the profit of the
company is not a realistic social responsibility and it is not a genuine work towards doing
something good for the world.

______ 3. Good marketing strategy applies effectively in achieving this financial freedom.

______ 4. Sticking to a budget is the most effective way to make sure that all your bills are paid
and your money will be monitored.

______ 5. Negotiating can be helpful in achieving your financial freedom.

______ 6. A person should have goals and make these goals specific like at what time of your
life will you want to achieve it.

______ 7. It is the accountability of the corporation or businesses to think beyond profit for the
reason that it helps the community where the business is located to create jobs for the
people.

______ 8. High interest loans are very toxic in increasing wealth that is why it is essential that
you have to pay the balance each month.

______ 9. The principle of diminishing interest will help you build financial achievements.

______ 10. It is important to pay attention with your credits because these determine what
interest rate you are offered when you decide for your next loan.

LESSON 1: IMPORTANCE OF ESTABLISHING BUSINESS BEYOND PROFIT

WHAT YOU NEED TO KNOW?

Objectives: After going through this lesson, the learners should be able to:
1. Explain the importance of the establishment and maintenance of a business as a source
of job opportunities and financial freedom; and
2. Express appreciation of the importance of a business enterprise as a vehicle for job
opportunities and financial freedom.

READ ON
Sustainability of business has been an important issue for many people, especially in the
business world. Businesses must be aware of the issue at hand and understand how important it
is to make changes.

Sustainability in business practices

Pushed by growing demands from consumers for products and services that cause
minimal effects to the ecosystems, corporations have shown interest in bringing sustainability
aspects to the core of the business.

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Environmental Sustainability
Environmental sustainability can be applied in many ways, such as creating alternative
routes in a production process to reduce waste generation and increase water and energy
efficiencies. Investment in renewable energy is also growing momentum among big
organizations, with many building their own solar or wind farms, in order to phase out the
consumption of fossil fuels and reduce their carbon emissions.
Sustainability and employment
Businesses with strategies that are sustainable in the long run pay their workers’ salaries and
benefits that allow them to live a sustainable life within their community. This builds loyalty within
the organization, benefiting the company through increased productivity and creativity, as well
as lower levels of fraud and mismanagement. Besides, when organizations look to improve the
health and well-being of communities, they are able to motivate employees who are genuinely
interested in contributing to the success of the business.

Importance of establishing and sustaining businesses as a source of job opportunities:

• Investors invest on your products which are the necessities of people

Upon investment on products, there is a need to manufacture more and keep up with
the demands of the investing company, thus, there is a need to hire more people for the
industry.

• Commerce and regional economic integration

When new businesses export goods and services to nearby regions, these enterprises
contribute directly to a region’s productivity and earnings. Having this type of production
and rise in services, it promotes job considering that businesses involve needs more people
for production

• New technologies are created and utilized

In the height of progress in some businesses, technology always earns it place. We need
modernization for the fast-pace production and efficiency of labor. In this thought, more
skilled and knowledgeable workers from the field are needed to sustain the demands of
technology.

According to David Jones and Chelsea Willness, there are 3 Reasons why sustainability
attracts job seekers. Among these are as follows:

1. Sustainability draws job seekers because it’s a source of employee’s pride

Sustainability actions often lift a company’s reputation and status, leading many job
seekers to believe they’d feel proud to work for a prestigious organization admired for its
sustainability. Reinforce that anticipated sense of pride by creating and celebrating a distinctive
reputation for sustainability.
2. Sustainability draws job seekers because it implies the company cares about its
employees.
To some job seekers, sustainability initiatives suggest that if a company genuinely cares
about the well-being of the greater society, it would therefore stand to reason that it likely treats
its employees well. Reinforce the belief that the company cares about society and the planet
more generally, and link this to your people practices.
3. Sustainability connects organizational values to job seekers' personal values.
Job seekers want an employer whose values are a good fit with their own. More than three
decades of research shows that the match a person feels with an organization is a major driver
of job choice decisions. Clearly link your sustainability initiatives to specific organizational values
and demonstrate their authenticity.
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Job Creation as Corporate Social Responsibility
Job creation is the process of creating new jobs, especially to provide work for people in
the community through establishment of enterprise. It is the responsibility of the corporation or
businesses to think beyond profit for the reason that it helps the community where the business is
located to generate jobs for the people. The say, that corporate social responsibility that created
as an act of protecting the profit of the company is not a realistic social responsibility and it is not
a genuine work towards doing something good for the world. Rather than a promotional act
intended to exhaust out the race and win over customers, philanthropic actions should be a
demonstration of what the company really wants to do sincerely. Included in these actions is the
generation of jobs that could help the people within the community to earn a living, thus,
improving their life’s situations.

Socially Responsible Investment (SRI)

The social enterprise movement is growing and gathering supporters across the globe as
an innovative approach to business activity offering disadvantaged populations a path to
human development and economic prosperity. There is increasing recognition among
businesses, governments, and non-governmental organizations (NGOs) that their participation in
these initiatives can lead to substantial benefits for disadvantaged and underserved
populations, while simultaneously providing opportunities for income generation (Nielsen and
Samia, 2008).

The SRI movement can be said to have taken off in 1970, when the first shareholder
resolutions were filed against companies investing or working under the apartheid regime in
South Africa. By the 1980, billions of dollars had been diverted from South Africa related
companies. They were forced to sell their operations in South Africa. The US government enacted
statutes, such as the Comprehensive Anti-Apartheid Act of 1986, banning new investments in
South Africa. All over the world similar actions were taking place. In response to the growing
concern about environmental issues, “green” unit trusts arrived in 1988 with the launch of the
Merlin Ecology Fund (now the Jupiter Ecology Fund). Other environmental funds soon followed.
In the beginning of the 1990s the first social index was created by the social research firm of
Kinder, Lydenberg, Domini & Co., Inc. (KLD): Domini 400 Social Index in creating the Index KLD
started by screening the companies in the Standard & Poor's 500 Index, at that time, eliminating
those companies that failed to qualify under the exclusionary and qualitative screens. The Co-
operative Insurance Society (CIS), part of the Co-operative Movement, was the first financial
service organization in the UK that adopted an ethical policy for all its funds, the so-called
Responsible Shareholding Scheme. In the United States, there are about 230 mutual funds that
follow SRI strategies in their investment process. Additionally, the rise of social indexes as
counterparts to the traditional, exclusively financial indices will give ethical investment a further
boost. In 1999, the Dow Jones Sustainability Group Indexes (one global index, three regional
indexes and one country index covering the US) were launched and in 2001, the arrival of the
FTSE4GOOD index marks a further move of SRI into mainstream investment (Broadhurst et al.,
2005).

Socially responsible investments, thus have a special role to play in alleviating poverty,
creating empowerment, and establishing entitlement at the grassroots level of socioeconomic
development. They require easily accessible, low cost, and amenable funds and technology
that can be sustained in the long-term rather than be some quick-fix solution. The end point of
many social enterprises is a participatory socioeconomic transformation in which not only the
non-competing poor and needy cooperate with each other, but also meaningful relations are
created between the resourceful and the needy to enhance community well-being (Choudhury
et al., 2008).

Financial Freedom
Financial freedom is to have enough savings and cash on hand to sustain the kind of life
we desire for ourselves and our families. This means that a person should have a rising amount of
money to manage a career that we want to have without being focused earning a fixed salary
every year.

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Attaining financial freedom can be very tough especially when you have growing debt,
cash emergencies, medical issues and overspending. This can be countered through careful
management of money. Good planning applies effectively in achieving this financial freedom.
According to Matt Danielsson, there are important points to consider in achieving financial
freedom. Among of these are the following:

1. Set Life Goals – a person should have goals and make these goals specific like at what time
of your life will you want to achieve it. It is good that these goals should be written down so that
it will serve as guide to achieve it.

2. Make a Budget – working on a budget is more reliable than anything else. Sticking to it is
the most effective way to make sure that all your bills are paid and your money will be
monitored. Make this as a regular routine because it supports you goals and strengthen you
finances

3. Pay Off any Financial Obligations – high interest loans are very lethal to accumulation of
wealth that is why it is essential that you have to pay the balance each month. Paying on time
will also help business to have good reputation in terms of payment of debt.

4. Create Automatic Savings – enrollment in a retirement plan and other similar activity will
help you build your finances in the future. It is also good to have savings as an emergency fund
to prepare for unexpected expenses in the future.

5. Start Investing Now – there is no other way of growing your money than to invest no matter
how small your money is. The principle of compound interest will help you build financial gains.

6. Watch Your Credit – it is important to pay attention with your credits because these
determine what interest rate you are offered when you decide for your next loan. Always monitor
your credit performance because the way you respond to your creditors will either ruin or elevate
further your good name. Thus, the entrepreneur builds a good reputation to his creditors.

7. Negotiate – some people are very conscious about negotiating for goods and service
because to some entrepreneurs this will make them look not charming to creditors and suppliers.
Negotiating could actually help entrepreneurs save thousands of money each year. An
entrepreneur has to be open for negotiation especially when buying bulk orders to open the
doors for discounts. This can be helpful in achieving your financial freedom.

8. Continuous Education – Educate yourself on government policies and other laws that
governs business activities to make sure of the maximization of all tax deductions. Thus, saving
money in return.

9. Proper Maintenance – There should be proper maintenance of your assets to maintain the
marketability of these assets. Once you decide to sell these assets, you can still sell it at a higher
amount because it is well maintained.

10. Live Below Your Means

Being economical while living a life to the fullest is not a hard thing to do. Live like a poor but
earn like a rich. Do not wish for something you cannot afford especially if you want it right away.
Patience is always a virtue.
11. Get a Financial Advisor
If you have lots of money yet they are not as readily available to convert to cash- get a
financial advisor to educate and help you make decisions.

12. Take Care of Your Health

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Health will always be a wealth especially in this time of Pandemic. Many wealthy people,
companies go bankrupt because the owner got sick and the money that is intended for the
business is now used as buying the maintenance. Invest in good health with regular check-ups
to doctors and dentists. Other companies have a limited sick days and others will even mark you
absent which will lead to loss of income. Ailments make insurance premiums skyrocket and poor
health may force earlier retirement with a lower monthly income.

TEST YOURSELF

Activity 1
Direction: Answer the following questions in your activity notebook. (15 Points)

1. How can we generate job opportunities through creating a business?

2. Why establishing a business can help the community?
3. Why is it important for business to think beyond profit?
4. How can a business help you achieve savings?
5. What are the traits needed by businessmen in order to save more money?

Activity 2
Direction: Read each statement below and evaluate whether it is true or false. Write your
FIRST NAME if the statement is TRUE and LAST NAME if the statement is FALSE.

____________1. Financial Freedom is having residual income to cover your

living expenses.
____________2. Sustainability is increasingly important in the business world.
____________3. Establishing business does not create jobs.
____________4. Having debt-free can achieve financial freedom.
____________5. Social enterprise helps disadvantaged population to human
development and economic prosperity.

Activity 3 : Case Study (30 Points)

Direction: Read the Case and answer the questions below in your activity notebook.

Gawad Kalinga (GK) Enchanted Farm

The GK Enchanted Farm is Gawad Kalinga’s platform to raise social entrepreneurs, help
local farmers, and create wealth in the countryside. As we learned that the road out of poverty
is a continuing journey and therefore, providing homes is merely the beginning, we also realized
that our country is abundant with resources (land included) that we can harness for every
Filipino to continuously lead a life with dignity.
What Filipino entrepreneurs need today, especially young and rising ones, is an
environment that will help bring their ideas to life and challenge them to aspire for the greatest
social impact. This means keeping connected to community and gaining access to good
mentoring, value-added networking, and basic facilities and resources. As a Village University,
classrooms are connected to communities, making it an ideal site for any university student.
Here, students will be exposed to how to start social enterprises and communities.
Currently the following social enterprises can be found on the GK Enchanted Farm:

a. First Harvest (Peanut Spread)

b. Golden Ducks (Golden Eggs/Duck Burger)
c. Gourmet Keso (Cheese/Gatas)
d. Herb Planting
e. Kara and Beaus (Ice Cream)
f. Mushroom Magic
g. Plush and Play (Stuff Toys)
h. Theo and Philo Artisan Chocolate

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Guide Questions:
1. Do you think the GK social enterprise above is sustainable? Why or why not?
2. Do you think that GK social enterprises help in poverty alleviation or reduction?
3. Does it create financial freedom to its employees? Why or why not?
4. Why is establishing a business can help the community? Can it create jobs?
5. Why is it important for businesses to think beyond profit?
6. How about in your local community, does the local community benefit from the business
enterprises? In what way? Do these businesses create jobs to your neighbors?

Activity 4
Direction: Answer the following questions in your activity notebook. (25 Points)

1. Why is financial freedom important to businesses and individuals?

2. Explain the importance of creating budget as a means of building financial freedom.
3. How important is establishing goals in pursuing financial independence?
4. Why do we need to pay periodically our financial obligations?

KEY POINTS TO REMEMBER

Ø Sustainability
Ø Importance of Establishing Sustaining Business
Ø Reasons why sustainability attracts Job Seekers
Ø Job Creation as Corporate Social Responsibility
Ø Socially Responsible Investment (SRI)
Ø Financial Freedom
• Achieving Financial Freedom
1. Set Life Goals
2. Make A Budget
3. Pay Off Any Financial Obligations
4. Create Automatic Savings
5. Start Investing Now
6. Watch Your Credit
7. Negotiate
8. Continuous Education
9. Proper Maintenance
10. Live Below Your Means
11. Get Financial Advisor
12. Take Care of Your Health

LESSON 2: ACTION PLAN IN ASSISTING SMALL BUSINESSES IN PRACTICING ETHICS AND

SOCIAL RESPONSIBILITY

WHAT YOU NEED TO KNOW?

Objectives: At the end of this lesson, the learners should be able to:
1. Identify the parts and contents of each, of an action plan;
2. Construct an action plan that will assist small business enterprise to
practice ethics and social responsibility;
3. Appreciate the importance of an action plan to businesses.

READ ON
What is an Action Plan?
A. An action plan is a road map that outlines the path between the current situation
and the goal to be attained.
B. It is a way to make sure your organization’s vision is made concrete.
C. It describes the way you will use its strategies to meet its objectives.

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What makes an action plan effective?
1. Current
• We need to know more about the current work to judge whether this part of
the action plan is up-to-date.
2. Clear
• It should outline who will do exactly what by when
3. Complete
• It must include all the steps that need to be taken and are arranged in
sequential order.
Steps to create and implement an effective action plan

1. Assess the current situation

• Before determining the course of action, identify first the area(s) that need(s) to
be modified, and also consider your resources, capabilities, and competencies.

2. Set S.M.A.R.T. Goals

For an action plan to be effective, the goals must be S.M.A.R.T
S= Specific
M= Measurable
A= Attainable
R= Results-oriented
T= Timely

Specific
For an action plan to be effective, the objective must be specific rather than vague.
Examples:
Vague Goals Specific Goals
× To lose weight as much ✓ To lose 5 kilograms for
as possible the next 60 days
× To increase sales as much ✓ To increase sales up to 5%
as the business can for the next quarter

Measurable
An effective action plan has goals that can be quantifiable. This allows a way to
measure the degree to which a goal has been attained.

Examples:

1. To lose 5 kilograms for the next 60 days

2. To increase sales up to 5% for the next quarter
In this example, the quantifiable elements are the 5-kilogram weight loss target
and the 5% increase in sales.

Attainable
Goals should be realistically attainable within the frame of time and resources
available.

Results-oriented
Goals should be written beginning with the word “To” followed by result-oriented
verbs (i.e. To increase, to decrease, to complete). Verbs that imply tactics used to
accomplish goals should not be used (i.e. “To implement”)

Timely
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Goals must specify the target-date or deadline by when it should be attained. It
should give a time frame to execute the actions.

3. Outline Actionable Items

This is the list of steps that must be taken to achieve the goals defined in the previous step

Remember:
Each actionable item must outline a specific task, state who is the person or department
responsible for it, how often it must be performed, what are resources required, and the
deadline for completion or revisions. Once the steps are identified, they must be arranged in
sequential order.

4. Implement and measure success

Implementing
• It means executing the action plan. It entails following the steps in adhering to
the timelines.

SAMPLE ACTION PLAN

Objectives Tasks Success Criteria Time Frame Resources
(List of Goals) (What you need (How you will (By when you (What or who
to do to achieve identify your need to can help you
the goal) success) complete the complete the
task) tasks)
To increase the -Make poster for Number of March 31, 2021 Human
number of the job opening employment Resources
employees from contracts signed
30 to 40 -Conduct for March 2021
employees at interview with
the end of the applicants
March 2021 so
as not to -Train the
overload existing qualified
employees with applicants to be
the workload. ready

TEST YOURSELF
Activity 1 - (10 Points). Write your answer in your activity notebook.

Consider this Conversation of Alice and the Cheshire Cat.

Alice: What road do I take?
Cheshire Cat: Where do you want to go?
Alice: I do not know.
Cheshire Cat: Then, it really doesn’t matter, does it?
1. Imagine Alice as a business enterprise, based on the conversation, what do you have to
improve on its end and why? (5 Points)
2. Suppose you are to give an intervention to Alice’s situation, what will it be and why? (5
Points)

Activity 2

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In your activity notebook, write down 10 goals that you would like to accomplish in the next
5 days. Remember to make it the S.M.A.R.T. Goals. It could be a financial goal, educational,
etc.
1. If you could accomplish only one goal on your list and you can accomplish
it in 24 hours, which one goal would have the greatest possible impact on
your life? Encircle it.
2. With the selected goal, set a deadline for achieving the goal and make a list of actions
that you can think of to achieve the goal.
3. Do something every day that will move you one step forward to your goal. After the 5th
day, explain how creating an action plan helped you in achieving your goal.
Activity 3
I. Directions: Suppose you have observed businesses that do not practice ethics and
social responsibility, write your description of the issue of the businesses. Complete the
action plan after.
Objectives Tasks Success Criteria Time Frame Resources
(List of Goals) (What you need (How you will (By when you (What or who
to do to achieve identify your need to can help you
the goal) success) complete the complete the
task) tasks)

Rubrics
1 Point 3 Points 5 Points
Issue description and Does not describe Briefly describes the Thoroughly describes
importance and explain the issue and its the issue and its
importance of the importance importance
issue
S. M. A. R. T. Goals Goals are Vague Attributes of effective Goals are Specific,
goals are not Measurable,
complete Attainable, Results-
oriented, and have a
target date.
Action Proposal Does not list actions List actions but does Clearly explains the
not explain its action proposal and
importance its importance and
details steps to
achieve it.

KEY POINTS TO REMEMBER

Ø Action Plan
Ø What makes an Action Plan Effective
Ø Steps to Create and Implement Effective Action Plan
1. Assess current situation
2. Set SMART Goals
• Specific
• Measurable
• Attainable
• Result-oriented
• Timely
3. Outline actionable items
4. Implement and Measure Success
ASSESSMENT (30 Points)
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Let's check how much you learned from this module’s coverage

I. True or False. Read each statement below and evaluate whether it is true or false. Write
letter A if the statement is true and B if otherwise. (10 Points)

______ 1. Financial freedom is to have enough savings and cash on hand to sustain the kind
of life we desire for ourselves and our families.

______ 2. Corporate social responsibility that created as an act of protecting the profit of the
company is a genuine social responsibility towards doing something good for the world.

______ 3. Job creation is the process of creating new jobs, especially to provide work for people in
the community through establishment of enterprise.

______ 4. Sticking to a budget is the most effective way to make sure that all your bills are paid and
your money will be monitored.

______ 5. Negotiating is not useful in achieving your financial freedom.

______ 6. There should be proper maintenance of your assets to maintain the marketability of
these assets.

______ 7. It is the responsibility of the corporation or businesses to think beyond profit for the reason
that it helps the community where the business is located to generate jobs for the people.

______ 8. Always monitor your credit performance because the way you respond to your
creditors will either ruin or elevate further your good name.

______ 9. The principle of compound interest will help you build financial gains.

______ 10. There should be proper maintenance of your assets to sustain the marketability of
these assets

II. Multiple Choice - (20 Points)

Direction: Choose the best answer for each of the following questions. Write your
answer in your activity notebook
1. Why do people attract more on sustainable business enterprises?
a. It is because they feel embarrass to work for a prestigious organization.
b. It suggests that if a company genuinely cares about the well-being of the greater
society, it would therefore stand to reason that it likely treats its employees well.
c. It is because no matter what the values of the work/management are, as long as
the job seeker has a work, he/she will still work.
d. No matter how tiring the work is, he/she will just say repeatedly “I love my job”.

2. What are the importance of establishing and sustaining business enterprises?

a. It can increase poverty.
b. More jobless and unemployment.
c. There is an increase of force labor.
d. It can alleviate poverty.
3. What do you mean by socially responsible investment or SRI?
a. It will not mind whether there are lots of unemployed people.
b. It alleviates poverty but will not create empowerment.
c. They require easily accessible, low cost, and amenable funds and technology that
can be sustained in the long-term rather than be some quick-fix solution.
d. It gives advantage populations a path to human development and economic
prosperity.

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4. Who will benefit more in socially responsible investment (SRI) ?
a. The disadvantage population.
b. The advantage population.
c. The elites.
d. All of the above.
5. Below are the habits that help achieve financial freedom except:
a. Set life Goals
b. Pay off Credit Cards in staggered basis
c. Create Automatic Savings.
d. Watch your credit

6. A system of moral principles or rules of conduct relating to human behavior.

a. Ethical dilemmas
b. Reputation
c. Guilt
d. Code of Ethics

7. Truthfulness, sincerity, or frankness.

a. Values
b. Honesty
c. Trust
d. Code of Ethics

8. Lacking moral principles.

a. Ethical dilemmas
b. Values
c. Unethical
d. Reputation

9. Jason figures out his teacher’s password to unlock her electronic grade-
book. What is the ethically correct thing for him to do?
a. Tell the teacher so she may change it
b. Give the password to all the other students.
c. Keep it to himself, if someone else figures out the password it is not his problem
d. Use the password to change his grades.

10. ______ are principles of morality or rules of conduct.

a. Customs
b. Cultures
c. Traditions
d. Ethics

11. Jeth, the manager of ABC company, hires his wife’s young nephew instead of
hiring a more qualified applicant. This is ___.
a. Disclosure
b. Confidentiality of Information
c. Conflicts of Interest
d. Compliance

12. What is not something you ask yourself when faced with an ethical dilemma?
a. Is it legal? Will I go to jail?
b. Is it against school/ company policy?
c. What’s in it for me?
d. How will others be affected by my actions?

13. What is not considered unethical business practice?

a. Treating employees unfairly

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b. Selling substandard products.
c. Training employees right out of school.
d. Lying about a price to make a bigger profit.

14. How might an employer treat an employee fairly?

a. Provide good training
b. Offer less than the average pay for the job
c. Encourage the employee to leave the company
d. Ask the employee to do another’s work

15. Which is NOT a consequence of unethical business practices?

a. Losing repeat business
b. Having a well-trained employee
c. Being fined by the Government
d. Losing employees

16. The only social responsibility that businesses have is to focus on how business
decisions affect the company's operation.
a. True b. False

17. _____________ is the overall way in which a business attempts to balance its
commitments to relevant groups and individuals in its social environment.
a. Business ethics b. Customs
c. Traditions d. Social Responsibility

18. Businesses do not have to provide opportunities to balance work and life
pressures and preferences.
a. True b. False

19. Do businesses have a responsibility to the environment?

a. Yes b. No

20. Price gouging during a natural disaster is a(n) ______ act.

a. Unethical
b. Practical
c. Ethical
d. Impractical

REFERENCES:
Aliza Racelis, RBS Business Ethics and Social Responsibility, First Edition 2017
Business Ethics and Social Responsibility – Grade 11/12 Alternative Delivery Mode Quarter 4 – Module 4:
Introduction to the Notion of Social Enterprise First Edition 2020
Department of Education Philippines (2016) Basic Education Curriculum Senior High School – ABM Specialized
Subject Curriculum Guide, DepEd Phils.
https://www.entreprenuer.com
Types and Forms of Business. 2020. Retrieved from https://www.accountingverse.com/accounting-
basics/types-of-businesses.html
Cortez, Business Ethics & Social Responsibility, 2016
https://dictionary.cambridge.org/us/dictionary/english/job-creation
https://www.forbes.com/sites/brianscudamore/2019/08/06/csr-impact-on-business/#2689b733ba5c
https://www.investopedia.com/articles/personal-finance/112015/these-10-habits-will-help-you-reach-financial-
freedom.asp
https://www.google.com/search?q=action+plan+template&tbm=isch&source=iu&ictx=1&fir=jjwrmu3l6uCjoM%
252CXx8TrP5P3sVtOM%252C_&vet=1&usg=AI4_-
kSD5HYdjeDFql6y62U4tH_Xkzg53w&sa=X&ved=2ahUKEwin5KeElPbqAhVN62EKHW-
JCWwQ9QEwAXoECAoQMg&biw=1904&bih=952#imgrc=iA8_hgv-39FipM
https://images.app.goo.gl/aNyzzqNVfAXo3hRU7
https://www.google.com/search?ei=VQesX_67MLCmmAXz74SwBQ&q=job+c
reation+definition&oq=job+creation&gs_lcp=CgZwc3ktYWIQAxgAMgwIABDJ
AxBDEEYQ-
QEyBAgAEEMyAggAMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADoJCAA

Module in Business Ethics and Social Responsibility by: Leila C. Magno Page 13
 MODULE 4 | Business Beyond Profit Motivation
QQxBGEPkBOgUIABCxAzoLCC4QsQMQxwEQowI6CAgAELEDEIMBOggILhCxA
xCDAToKCAAQkQIQRhD5AToFCAAQkQI6BwgAELEDEEM6CAgAELEDEJECOg
gIABDJAxCRAjoHCAAQyQMQQzoICC4QxwEQrwFQ-6UPWKW2D2D-
1w9oAHABeACAAcsBiAHWC5IBBjAuMTEuMZgBAKABAaoBB2d3cy13aXrAAQE
&sclient=psy-ab
https://brainly.ph/question/2637290#:~:text=New%20technologies%20are%20
https://www.etmoney.com/blog/what-is-financial-freedom-and-ways-
Published: August 30, 2019 https://www.nestle.com.ph/media/newsfeed/nestle-supports-coffee-sugar-farmers
Published: December 07, 2013 by Rebecca Enright https://www.co2australia.com.au/why-is-sustainability
important-for-business/
Publised :June 7, 2013 by David Jones and Chelsea Willness. https://www.nbs.net/articles/three
reasons-job-seekers-prefer-sustainable-companies
Published: September 30, 2020 by Matt Daniellson
https://www.investopedia.com/articles/personal-finance/112015/these-10-habits-will-help-
you-reach-financial-freedom.asp
Social responsibility action plan. Retrieved from https://www.inc.com/
How to write an action plan? Retrieved from https://creately.com/

Module in Business Ethics and Social Responsibility by: Leila C. Magno Page 14