St. Vincent’s High School, Inc.

La Castellana, Negros Occidental

LEARNING PLAN

TIME FRAME: February 5-9, 2024

SUBJECT MATTER: BUSINESS ETHICS AND SOCIAL RESPONSIBILITIES
The Role of Business in Social and Economic Development
TOPIC / LESSON NAME 1.1 Business Organization
1.2 Business Organizations as Partners for Socioeconomic Development

The learner demonstrates an understanding of:

CONTENT STANDARDS  The nature and forms of business organization
 The purpose of establishing business enterprise

The learners shall be able to:

PERFORMANCE STANDARDS  Identify forms of business organization and their characteristics
 Explain the purpose of business organizations and their role in socio-economic development
 Differentiate the forms of business organizations (ABM_ESR12-IIIa-d-1.1).
 Give examples of the forms of business organizations (ABM_ESR12-IIIa-d-1.2).
LEARNING COMPETENCIES
 Show how business organizations contribute to socioeconomic development (ABM_ESR12-IIIa-d-1.3).

 Identify the different forms of businesses and types of business activities.

 Analyze the type of business of a company.
 List the advantages and disadvantages of each form of business organization.
SPECIFIC LEARNING OUTCOMES  Identify the purpose and contribution of businesses to socioeconomic development.
 Examine the contribution of business organizations to the local economy.
 Evaluate the significance of starting up a local enterprise in a community.

TIME ALLOTMENT 240 minutes

LESSON OUTLINE:

A. Introduction:
B. Motivation: What’s in a Name? (Quick Look)
C. Instruction/Delivery: (Discussion)
D. Practice: Individual Activity (Try This and Practice Your Skills)
E. Enrichment: (Recap of the Lesson)
F. Evaluation: (Quipper Quiz)

MATERIALS laptop, TV, Quipper Study Guide

RESOURCES Link.quipper.com-

PROCEDURE MEETING THE

LEARNERS’ NEEDS

INTRODUCTION Teacher Tip:

*Begin with a
MOTIVATION:
review about the
Quick Look 10 minutes
What’s in a Name? previous lesson
1. List three companies that you are familiar with. and connect it to
2. Include the suffix of the official company name (e.g., Ltd., Inc., Corp.). today’s lesson.
3. Indicate their products and services.

* Encourage
students to
participate in the
activities and
make them realize
the importance of
it
 *Make sure that
the evaluation and
Questions to Ponder other
1. Why are you familiar with the companies on the list? performance tasks
2. Is it possible for a company to provide more than one product or service? Cite an example to support your answer. align with the
3. What do suffixes in a business name indicate? learning
competencies.

DISCUSSION:
Lesson 1.1
A. Forms of Business Organizations
1. Sole Proprietorship
1.1 Advantages and Disadvantages
2. Partnership
2.1 General 2.2 Limited 2.3 Limited Liability
3. Corporation
4. One Person Corporation
B. Types of Business
1. Service Business
2. Merchandising Business
3. Manufacturing Business
Lesson 1.2
A. Purpose of Business
B. Contribution to Socioeconomic Development
1. Job Opportunities 4. Improvement of the economy
2. Career Development 5. Community Development
3. Information and Training

PRACTICE:
TRY THIS
Lesson 1.1
A. Identify the form of business organization described by the following statements.
1. “I keep 100 percent of the profits.”
2. “My business associate and I will pay off debts owed by the company.”
 3. “I am willing to assume all of the risks that come with running a business.”
4. “The company will answer for itself in court.”
5. “If the business fails, my finances are 100 percent affected, too.”

Practice Your Skills

B. Direction: Answer the questions based on the given scenario.
Wife and husband Angie and Ramon launched their business of selling books and school materials to children before the COVID-19 pandemic.
They pooled their savings to raise a capital of ₱30,000, and the value of their business has grown ever since

When the pandemic hit and face-to-face classes were suspended, they supplemented their income by selling face masks, face shields,
gardening tools and other merchandise. They also started to supply bulk orders to more prominent clients.

The flexibility of their business operations helped them weather the economic hardships caused by the pandemic and allowed them to
expand their business continuously. For Angie and Ramon, the time-honored custom of taking a hands-on approach to business is the key to
success.

Answer the following questions based on the case study you just read:
1. What type of business did they establish? Explain your answer.
2. What form of business organization did they start with? Explain your answer.
3. If they had started to produce their own products, what kind of business would they have been engaged in? Explain your answer.
4. Suppose they maintained their business structure. If a client had filed a case against their business company for breach of contract who
would have been legally responsible to respond? Explain your answer.
5. Angie and Ramon believe that owners should employ a hands-on approach to business, implying that owners should be involved in day-
to-day activities. Which forms of business organization do not employ this kind of approach? Provide at least one and explain your
answer.
TRY THIS
Lesson 1.2
A. Direction: Do a thumbs-up if the statement is correct. Otherwise, do give a thumbs-down.
1. According to Ronald Duska, the motivation and purpose of businesses are to create wealth for their owners.
2. Business activities can only positively impact the opportunities and quality of life of people.
3. Local businesses that patronize other companies create a thriving local economy.
4. Planning and starting a small business limit the opportunities for entrepreneurs to be in control of their future.
5. The contribution of business organizations is limited to their role in the market as producers and consumers.

ENRICHMENT:
Lesson 1.1
● Business organizations exist to meet the needs, wants, and demands of their customers. Businesses benefit when consumers buy
their goods and avail of their services.
● Business structures differ based on the degree of ownership, liability, funding sources, and distribution of profit. The forms of
business organizations are sole proprietorship, partnership, corporation and limited liability company.
● The types of businesses according to activity are service, manufacturing, and merchandising.

Lesson 1.2
● Businesses are social institutions that exist to address the needs of society. They provide opportunities for people to improve their
quality of life. The primary purpose of businesses is to contribute to social and economic development, while gaining personal benefit
and profit is secondary.
● Businesses can build and maintain capital through their operations, the goods and services they provide, and the programs they
support through complex supply chains.
Evaluation:
(Quipper Quiz)

St. Vincent’s High School, Inc.

La Castellana, Negros Occidental
LEARNING PLAN

TIME FRAME: February 12-16, 2024

SUBJECT MATTER: BUSINESS ETHICS AND SOCIAL RESPONSIBILITIES
Unit 1: The Role of Business in Social and Economic Development
1.3 Business Operations and Stewardship
TOPIC / LESSON NAME
1.4 Common Practices in Business Organizations

The learner demonstrate an understanding of:

 The core principles underlying fairness, accountability, and transparency in business operation and stewardship (respect for
CONTENT STANDARDS others’ property)
 Common practices in business organizations (decorum, protocol, policies, marketing, bookkeeping, reportorial requirements and
documentation, etc.)

The learner shall be able to:

PERFORMANCE STANDARDS  Explain the core principle of fairness, accountability and transparency in the socioeconomic development of a country
 Craft simple “Codes of Ethics” or “Codes of Right Conduct”

 Give examples of how fairness, accountability, and transparency is used in business and non-profit organizations
(ABM_ESR12-IIIa-d-1.4).
● Share observations on business policies and practices (ABM_ESR12-IIIa-d-1.5).
LEARNING COMPETENCIES ● Distinguish between good policies/practices and morally unacceptable policies/practices (ABM_ESR12-IIIa-d-1.6).
 ● Define the core principles in business operations.
● Expound on how the core principles are practiced in business.
● Relate the core principles to stewardship in business.
SPECIFIC LEARNING OUTCOMES ● Identify the common practices in business organizations.
● Share examples of ethical practices in the workplace.
● Evaluate the importance of code of ethics in business organizations.

TIME ALLOTMENT 240 minutes

LESSON OUTLINE:

A. Introduction: (Guide Questions)

B. Motivation: Individual Activity (Quick Look)
C. Instruction/Delivery: (Discussion)
D. Practice: Short-Answer Response
E. Enrichment: (Recap of the Lesson)
F. Evaluation: (Quipper Quiz)

MATERIALS laptop, TV, Quipper Study Guide

RESOURCES Link.quipper.com-

PROCEDURE MEETING THE

LEARNERS’
NEEDS

INTRODUCTION Teacher Tip:

Guide Question: What is the purpose of a business? What should be its concern in its daily operations?
*Begin with a
review about
MOTIVATION:
the previous
Quick Look!
lesson and
Lesson 1.3 connect it to
Establishing The Business Culture today’s lesson.
Imagine that you established a company. As part of the onboarding of the employees, the company distributed a study manual and a series of web-based
modules for them to complete. The purpose of the training was to impart the company’s defined principles, policies, and standards.
* Encourage
Classify these points into the following categories: fairness, accountability, transparency. Indicate your answers in the next slide. students to
● report to designated management if a colleague is misbehaving; participate in
● be responsible for their output and decisions in their work; the activities
● not be employed by companies that are of the same nature of business; and make them
● abide by the rules and regulations of the company; and disclose if they are interested in other businesses, especially competing companies realize the
importance of it

*Make sure that

the evaluation
and other
performance
tasks align with
Question to Ponder
the learning
● What are the essential values in creating relationships within a business organization based on the activity?
competencies.
● Why are these principles necessary in business operations?
● What instances or situations in business operations should these principles be applicable?

Quick Look!
Lesson 1.4
Understanding Business Practices
Suppose that you are a company executive and you were tasked to come up with a list of three essential practices that your organization should observe.
Write these practices in the provided table and state the reason/s why these are important. Make sure to provide concrete practices rather than general
ideas or principles.
Questions to Ponder
● Where did you base the answers that you have provided? What factors did you consider?
● Why is it important to identify the business practices that need to be observed in the workplace?
● How are business practices related to core principles and ethics?

DISCUSSION:

Lesson 1.3
● Core Principles in Business Operations
● Fairness
● Accountability
● Transparency
● Stewardship
Lesson 1.4
● Common Practices in Business Organizations
● Common Practices Guided by Ethics
● Marketing Ethics
● Accounting
● Reportorial Requirements and Documentation
● Standardizing Ethical Practices
● Importance Code of Ethics

PRACTICE:
Lesson 1.3
Which core principle is being upheld or impaired in the following situation?
● The Chief Financial Officer of the company conducted a meeting with the board of directors regarding the financial status as of its month-end
operations.
● The head of the HR department preferred the applicant who happens to be her niece over the applicant with the most suitable credentials for the
job position.
● The accounting staff of a company engaged in construction saw that there were manipulations made by the finance controller in the purchase price
of construction materials and its actual price, and he kept quiet about it.
 ● The hotel staff has made an error by delivering the wrong food to a guest. The staff realized this when he saw the actual food ordered on another
tray, and he immediately reported this to his supervisor, and they went up to the guest to correct the mistake.
● Anna and Sally were tasked to create diagrams about the COVID-19 pandemic. They both were given a week to finish their work and present it by
then. Anna showed hers entirely by the end of the week, while Sally did not. But she still got her project approved because she and their manager
were close friends.

Lesson 1.4
True or False
● Transparency and objectivity are ethical obligations expected from accountants and bookkeepers.
● Issues on marketing ethics include the civility among workers within the organization.
● The primary purpose of the code of conduct is to impose authority over the employees.
● Protocols consist of social and formal norms that the company adopts to govern its members’ actions.
● Policies are sets of behaviors or manners considered appropriate in the workplace.

ENRICHMENT:
Lesson 1.3
● Businesses play a significant role in the development of the economy and society. This ideal should reflect in their overall goals and objectives, as
well as their operations and internal decisions.
● To ensure that businesses advance the interest of the whole society, they must abide by the core principles of business operations: fairness,
accountability, and transparency.
● Fairness entails neutrality, impartiality, and free from influence. Accountability requires that every leader and unit is answerable and liable to their
actions and the outcome of their performance. Transparency means honesty and openness, showing all relevant information and data that affects
stakeholders’ decision-making.
● The core principles of business operations are essential in stewardship. Stewardship is the recognition of the business’s role in developing its
resources to achieve stability. Business stewards take responsibility for the people, profit, and planet.

Lesson 1.4
 ● Business organizations tend to have different practices influenced by their culture, vision, mission, and specific contexts.
● Ethics in business, or the precise determination of right and wrong based on human morality and specific contexts, ensures that businesses promote
trust within the company, its employees, and its consumers.
● Ethics shape and guide common business practices:

● Business organizations standardize rules to convey what is expected from their members. It is often stipulated in the code of ethics.
● The code of ethics plays an important role in three vital areas, namely, compliance, marketing, and risk mitigation and monitoring.

Evaluation:
(Quipper Quiz)