Unit 1.1
What form of business organization is owned, run, and operated by a single person?
What is SOLE PROPRIETORSHIP?
In hiring for their workforce, what do businesses contribute to society?
What is JOB OPPORTUNITIES?
_______ is the set of behaviors and manners that shows propriety and respect towards fellow employees and clients.
What is DECORUM?
What do you call the study of the fundamental principle of life that talks about the nature of knowledge, reality and existence?
What is PHILOSOPHY?
Which religion stresses strict compliance with ethical and moral codes provided by the Shariah principles and the Quran?
What is ISLAM?
What type of business produces tangible goods and sells them to wholesalers, retailers, and customers?
What is MANUFACTURING?
Which core principle is expressed when actions and decisions are impartial and unbiased?
What is FAIRNESS?
_______ are standards that guide the company on its conduct, legal responsibilities, accountability, and employee relations.
What are POLICIES?
Who is the Father of Idealism?
Who is PLATO?
Which religion focuses their business ethic on the concept of suffering and compassion, avoiding harm, and concern for all living creatures?
What is BUDDHISM?
Starting your own clothing business will cost you ₱100,000. You will use your personal savings to finance it, and you intend to keep all the profits for yourself. What form of business organization will you establish?
What is SOLE PROPRIETORSHIP?
Which core principle entails honesty and openness in providing information to stakeholders?
What is TRANSPARENCY?
A collection of both social and formal norms adopted by the company which govern the actions of employees.
What are PROTOCOLS?
A Chinese philosopher where his teachings and philosophy are the basis of East Asian culture, society, and education. He taught the Golden Rule to his followers.
Who is CONFUCIUS?
It emphasizes diversity, cultural respect, and harmony while ensuring productivity, efficiency, and profitability.
What is BUSINESS ETHICS?
Pat owns a dress shop. She buys finished clothes from suppliers and resells them to her customers. She does not have a staff, and all the profits go to only her. What type of business activity does she do?
What is MERCHANDISING?
Which core principle is practiced when executives are answerable to the outcomes of their policies and decisions?
What is ACCOUNTABILITY?
The ethical and legal obligation in the identification, recording, and reporting of financial data.
What is ACCOUNTING?
This explores the nature of values.
What is AXIOLOGY?
The collection of morals, values, behaviors, ideologies, principles, and ethical practices of Filipinos in dealing with day-to-day activities and interpersonal relationships?
What is FILIPINO VALUE SYSTEM?
The business should have a separate legal entity.
What is a CORPORATION?
Companies publish detailed financial statements that accurately reflect their financial health. This includes balance sheets, income statements, and cash flow statements, which are made accessible to stakeholders and the public. What core principle of business operation can be seen in this specific scenario?
What is TRANSPARENCY?
This is a common practice guided by Ethics wherein it is about the promotion of products bound by moral constraints and values
What is MARKETING ETHICS?
This is about giving decisions based on the greatest amount of good for a greater number of people in a society. It weighs and combines both good and bad effects of a decision.
What is UTILITARIANISM.
Weighing a decision based on its effect on business profit refers to which concept pair in Filipino business ethics?
What is MABUTI at MASAMA?