Abm-business Ethics _ Social Responsibility 12_q1_w2_mod2.pdf

Republic of the Philippines Department of Education National Capital Region

DIVISION OF CITY SCHOOLS – MANILA Manila Education Center Arroceros Forest Park Antonio J. Villegas St. Ermita, Manila

Business Ethics and Social Responsibility The Core Principles of Good Corporate Governance Trasparency

Business

Stewardship

Fairness

Accountability

Quarter 1 Week 2 Module 2 Learning Competency: The learners will illustrate how fairness, accountability, transparency, and stewardship is observed in business and nonprofit organization. ABM_ESR12-IIIa-d-1.4; ABM_ESR12-IIIa-d-1.5 Week 2

Learning Module for Business Ethics and Social Responsibility

HOW TO USE THIS MODULE? Before starting the module, I want you to set aside other task/s that may disturb you while enjoying the lessons. Read the simple instructions below to successfully enjoy the objectives of this kit. Have fun! 1. Follow carefully all the contents and instructions indicated in every page of this module. 2. Write on your notebook the concepts about the lessons. Writing enhances learning, that is important to develop and keep in mind. 3. Perform all the provided activities in the module. 4. Let your facilitator/guardian assess your answers using the answer key card. 5. Analyze conceptually the posttest and apply what you have learned. 6. Enjoy studying!

PARTS OF THE MODULE

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Expectations - These are what you will be able to know after completing the lessons in the module.

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Pre-test - This will measure your prior knowledge and the concepts to be mastered throughout the lesson. Looking Back to your Lesson - This section will measure what learnings and skills did you understand from the previous lesson. Brief Introduction- This section will give you an overview of the lesson.

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Activities - This is a set of activities you will perform with a partner. Remember - This section summarizes the concepts and applications of the lessons. Check your Understanding - It will verify how you learned from the lesson. Post-test - This will measure how much you have learned from the entire module

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Learning Module for Business Ethics and Social Responsibility

LESSON 2

Fairness, Transparency, Accountability and Stewardship

EXPECTATIONS You will represent real life scenario to illustrate the following:

 Analyze the given situation wherein you practice the following characteristics: o Transparency o Fairness o Accountability o Stewardship  Understand the importance of possessing these traits in the success of both business and non-profit organization Let us start your journey in learning the different behavior or character traits seen in a workplace

PRETEST I. Answer the following. Write the letter on the space provided. _______1. Rosa is a newly hired bookkeeper in an accounting firm. She sees to it that every transaction is recorded in the journal and ledger entries. What character trait does Rosa possess? A. She is lax. B. She is detailed. C. She is frustrated. D. She is complacent.

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Learning Module for Business Ethics and Social Responsibility

_______2. Paolo, a maintenance assistant caught the cashier in the supermarket taking some money from the counter and putting it inside her pocket. What do you think he should do? A. Report immediately the incident to the manager. B. Ignore because it is not his money. C. Confront the cashier and tell her that you saw what she did. D. Tell her you will not tell anyone unless she gives you a share on the money she stole. _______3. Ely is always late coming to work yet he has no recorded tardiness because he and the timekeeper are best friends. What character trait does he possess? A. He is dishonest. B. He is decent. C. He is hardworking. D. He is friendly. _________4. As an employee assigned in a baggage counter, Maggie always make sure that all the items are in safe and in good condition, because of this, many customers are really satisfied and secured in her service. What can you say about Maggie? A. Maggie is very trustworthy and dedicated. B. Maggie is very dependable. C. Maggie is a good steward. D. All of the above

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Learning Module for Business Ethics and Social Responsibility

_______5. The class adviser of Grade 12 – ABM 1, Mrs. Tamayo, always makes sure that whenever there are school activities, she gives all the members of the class chance to participate because she always believes that everyone has his/her own talents and potentials. Based on the paragraph, what does Mrs. Tamayo want to imply to her students? A. Firmness B. Gentleness C. Fairness D. Politeness

LOOKING BACK TO YOUR LESSON

Great, you finished answering the questions. You may request your facilitator to check your work. Congratulations and keep on learning!

Business Organization refers to how a business is structured. Sole Proprietorship is a business owned by one person. Examples: Sari-sari store, carinderia, flower shops, General Merchandising Partnership is an association of two or more people as partners share the profit and liabilities of a business venture. Examples: restaurant, cafes, laundry shops, bars, bookstores Corporation is an entity created by law that is separate and distinct from its owner and its continued existence is dependent upon the corporate statues of the state in which it is incorporated. Examples: San Miguel Corporation, Jollibee Corporation, Globe Telecom

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Learning Module for Business Ethics and Social Responsibility

Match Column A to Column B. Write the letter of the correct answer on the blank. A

B

______1. a business organization which is easiest to establish and has unlimited liabilities.

A. Corporation

______2. a business organization of two or more people

B. Sole Proprietorship

as partners who shares the profit and liabilities of the company.

C. Partnership

_____3. a business organization which is hard to establish and is subject to numerous government regulations.

BRIEF INTRODUCTION

A Good Corporate Governance in all businesses and even in non-profit organizations such as foundations is very important in order to build trust and confidence

with

the investors, donors, and the community in general. A good corporate governance builds the integrity of the institution. Below are the Core Principles of a Good Corporate Governance: FAIRNESS Fairness comes from the old English word faeger, which means “pleasing or attractive.” It is the quality of making judgments that are free from discrimination. Fairness in the context of a business organization involves balancing the interests involved in all decision-making including any decisions related to hiring, firing (including the investigatory process), and the compensation and rewards system. Hiring the right people is one of the most important decisions an organization makes. Page 6 of 16

Learning Module for Business Ethics and Social Responsibility

ACCOUNTABILITY Accountability is the obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner. Accountability in the context of a business organization is the obligation to demonstrate that work has been conducted in compliance with agreed rules and standards or to report fairly and accurately on performance results vis-à-vis mandated roles and/or plans. TRANSPARENCY Transparency is defined as being authentic in the way an organization message themselves externally – to stakeholders, to prospective customers and talent, and within the community. It allows stakeholders to understand whether the activities of social institutions provide a genuine service to civil society and whether money is used appropriately. Thus, transparency means there is lack of hidden agendas or conditions, accompanied by the availability of full information required of collaboration, cooperation, and collective decision-making.

STEWARDSHIP In Biblical terms, stewardship is defined as utilizing and managing all resources God provides for the glory of God and the betterment of His creation. That definition plays a critical role in today’s business landscape. In the context of business organization, stewardship refers to taking responsibility for the business and the effects it has on the world around it. This involves considering more than just the bottom line and looking at elements such as values, ethics, and morals

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Learning Module for Business Ethics and Social Responsibility

ACTIVITIES Activity 1: TRUE OR FALSE __________1. Fairness involves balancing the interests involved in all decisionmaking including decisions related to employees’ hiring, firing, compensation, and reward system. __________2. Transparency allows stakeholders to understand whether the activities of social institutions such as internet organizations and NGOs provide a genuine service to civil society and whether money is used appropriately. __________3. Transparency means to be liable to explain or justify one’s action and decision. __________4. Accountability is the quality of making judgment that is free from discrimination. __________5. Accountability implies responsibility. Activity 2: Choose the letter of the correct answer. 1. You insert the exact amount into the vending machine at school for a can of soda. Two cans are released from the machine. What will you do with the extra can of soda? a. Offer the can of juice to your classmate. b. Keep the extra can of soda for you. c. Report an incident to appropriate school personnel. 2. Employees expect that their employers will be transparent. What does this refer to? a. The need for an office space to use glass walls. b. Employees are responsible for their employer’s actions. c. Employers to provide honest and clear information to their employees.

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Learning Module for Business Ethics and Social Responsibility

3. Joseph found out his teacher’s password to open her Facebook account. What is the ethically correct thing for him to do? a. Give the password to all other students. b. Tell the teacher so she may change it. c. Keep it to himself and if someone finds out the password it is not his problem. 4. Arriving to work on time is an example of which characteristic of a good employee? a. Timeliness b. Personal accountability c. Adaptability 5. Providing wrong information on the resume is an example of which of the following: a. Lack of transparency on employee’s part. b. Poor transparency on an employer’s part. c. Lack of accountability on an employer’s part.

REMEMBER

Accountability means to be liable in explaining or justifying one’s action and one’s decision. Fairness is the quality of making judgements that is free from discrimination. Stewardship is a practice wherein people are intrinsically motivated to work for others or for organizations to accomplish the tasks and responsibilities with which they have been entrusted. Transparency is an important mechanism for granting social responsibility.

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Learning Module for Business Ethics and Social Responsibility

CHECK YOUR UNDERSTANDING Identify what principle (Accountability, Fairness or Transparency) is being applied in the following situations. _______________1. Ms. Cruz uses rubrics in evaluating students’ task performance. _______________2. Manuel L. Quezon High School implements guidelines in conducting school activities like field trip. _______________3. Mrs. Delos Reyes entertains queries of students on the computation of their grades. _______________4. Ms. Jimenez, the department head, reported the financial statement of the department in full details. _______________5. The school’s guard reported the incident to the guidance office.

POSTTEST I. Multiple Choice. Encircle the letter of the correct answer. 1. What is fairness? a. Something that is beneficial for you. b. Something that is beneficial for all of society. c. The quality of treating people equally. d. None of the above. 2. Stewardship is not limited to money. What other thing that God expects you manage? a. Education b. Time c. Health

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Learning Module for Business Ethics and Social Responsibility

3. What does accountability refer to? a. Being responsible for one’s action. b. Providing access to information. c. The ability to hire and fire an employee d. All of the above 4. Which is considered unethical business practice? a. Training employees unfairly. b. Selling quality product. c. Good word of mouth from customers. d. All of the above 5. All of the following are considered abusive conduct in the workplace EXCEPT a. Invading the personal space of co-workers. b. Insulting co-workers. c. Receiving a performance review from a supervisor. d. Giving nasty gestures at co-workers. II. CASE STUDY: MANG EUGENIO VENTURA: FILIPINO DRIVER WITH A GOLDEN HEART

TAXI

The story of Mang Eugenio Ventura, an extraordinary cab driver, went viral in the social media when a passenger spread the good work about him, not rejecting passengers (despite heavy traffic in Metro Manila) and declining tips. Apart from being fair and honest, he is the jolly type – he just laughs off the congestion on the main roads of the city. He got featured in an episode of the TV Program “Mission Possible.”

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Learning Module for Business Ethics and Social Responsibility

Questions: 1. What do you think has molded the fair, honest and cheerful behavior of Mang Eugenio? _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ 2. What lesson have you learned from the good example of Mang Eugenio? _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ 3. In school, how can you teach and train students in fair, honest and ethical behavior? _________________________________________________________________________ _______________________________________________________________________ ________________________________________________________________________ Source: pinoystory.com/ vbook.pub.com

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Learning Module for Business Ethics and Social Responsibility

REFLECTIVE LEARNING SHEET

As the country continues to deal with myriad COVID-19 pandemic, Filipinos need to work to earn money to improve life as well as to help others. Work is part of God’s design to humanity. It is a calling entrusted to man where it requires stewardship of time, resources, and giftedness. As an employee or worker, you should never steal from your company. You should obey and honor the managers of your company. It is not only out of obligation, but for personal growth as well. As an employer, you are called to be a good steward of your resources especially the people who work for you. You are blessed by God to be a blessing to others. As 1 John 3:17 says, “But if anyone has the world’s goods and sees his brother in need, yet closes his heart against him, how does God’s love abide in him?” The pandemic is now challenging you. What does it mean to be a steward in your home? in school? in community? in workplace?

ACCOUNTABILITY

FAIRNESS

STEWARDSHIP TRANSPARENCY

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Learning Module for Business Ethics and Social Responsibility

E-SITES To further explore the concept learned today and if it possible to connect the internet, you may visit the following links: https: www// pinoystory.com/ vbook.pub.com https: www// investopedia.com

REFERENCES Ahmed, A. (2029). Definition of stewardship. Retrieved on June 14, 2020 from https://bizfluent.com/about-4612393-definition-of-stewardship.html Business Dictionary.com. Accountability. Retrieved on June 14, 2020 from http://www.businessdictionary.com/definition/accountability.html Campbell, M. (2020). Transparency in business: mean what you say. Retrieved on June 14, 2020 from https://elementthree.com/blog/transparency-inbusiness-mean-what-you-say/ Christianity.com (2020). What are stewards in the Bible? Meaning and importance of stewardship. Retrieved on June 14, 2020 from https://www.christianity.com/wiki/christian-terms/stewards-in-thebible-meaning-of-stewardship.html Encyclopedia of Corporate Social Responsibility. (2013). Stewardship theory. Retrieved on June 14, 2020 from https://link.springer.com/referenceworkentry/10.1007%2F978-3-64228036-8_107 Pinoy Story.com. (2020). Filipino taxi driver: Mr. Eugenio Ventura with a golden heart. Retrieved on June 14, 2020 from http://pinoystory.com/filipino-taxi-driver-eugenio-ventura/ Racelis, A. (2017). Business ethics and social responsibility. 1st Ed. Rex Bookstore Vocabulary.com. Fairness. Retrieved on June 14, from https://www.vocabulary.com/dictionary/fairness#:~:text=Fairness%20co mes%20from%20the%20Old,used%20to%20describe%20physical%20beau ty.

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Learning Module for Business Ethics and Social Responsibility

Acknowledgements Writers: Mutya S. Capili, MBE Estela Marie C. Reyes, MBA Editor:

Isabel A. Gumaru, DBA

Evaluator: Ellaine I. Dela Cruz, DBA Validators and Reviewers: Remylinda T. Soriano, EPS, Math Angelita Z. Modesto, PSDS George B. Borromeo, PSDS Management Team: Maria Magdalena M. Lim, Schools Division Superintendent-Manila Aida H. Rondilla, Chief Education Supervisor Lucky S. Carpio, EPS Lady Hannah C Gillo, Librarian II-LRMS

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Learning Module for Business Ethics and Social Responsibility

ANSWER KEY PRETEST: I. 1.B 2.A 3.A 4.D 5.C

LOOKING BACK TO YOUR LESSON: I. Matching Type 1. B 2. C 3. A

ACTIVITIES: Activity 1: 1. TRUE 2. TRUE 3. FALSE 4. FALSE 5. TRUE

Activity 2: 1. 2. 3. 4. 5.

C C B B A

CHECK YOUR UNDERSTANDING 1. TRANSPARENCY 2. TRANSPARENCY 3. FAIRNESS 4. TRANSPARENCY 5. ACCOUNTABILITY POSTTEST I. Multiple Choice 1. C 2. B 3. A 4. A 5. C

II. Case Study (Answer varies)

Rubrics for Grading the Case Study: 5- If the paragraph consists of 5 or more sentences with correct and complete Information. 4- If the paragraph consists of 3 to 4 sentences with correct information. 3- If the paragraph consists of 2 to 3 sentences with correct information. 2- If the paragraph consists of 2 sentences with correct information 1- if the paragraph consists of only one sentence with correct information. Page 16 of 16