Business Ethics Flashcards
Social Responsibility of Entrepreneurs
People who aspire to become businessmen
Entrepreneurs
People who have established businesses
Businessmen
Role in tasks that need to be accomplished
Responsibility
Whatever happens to the task is on you
Accountability
Salary is within PHP608-645 as per the minimum wag in NCR
Reasonable and Attractive Remuneration
Work that fits your skills/expertise
. Assignment of Right Job
Provided employee benefits required by DOLE
Provide Security of Employment
Provided calamity loan from SSS
Provide Security of Employment
Provided maternity leave from SSS
Provide Security of Employment
Provide 65-year pension from SSS after a 36-month installment
Provide Security of Employment
Employee benefits from PhilHealth
Provide Security of Employment
Employee benefits from PagIBIG
Provide Security of Employment
Provided personal tables and chairs
Give the Best Working Condition
Accessibility of comfort rooms
Give the Best Working Condition
Promotions
Provide Opportunities for Individual Development
Seminars
Provide Opportunities for Individual Development
Non-monetary and monetary benefits
Adoption of Welfare Schemes
Team-building
Adoption of Welfare Schemes
Free ham from Christmas Parties
Adoption of Welfare Schemes
Benefits that keep you engaged and in the company
Adoption of Welfare Schemes
Relationship inside and outside the company
Establishment of Small Industrial Relations
Inclusion in agendas that involve you
Participation in Profits and Management
Announcement of schedule changes
Participation in Profits and Management
Announcement of team transfers
Participation in Profits and Management
Announcement of location changes
Participation in Profits and Management
Free health checks
Well-Defined Service Conditions
Free random drug tests
Well-Defined Service Conditions
Purely monetary benefits
Adopt Incentive Wages Scheme
Compliance to the policies of DOLE
Ensure Proper Implementation of Labour Law
- Reasonable and Attractive Remuneration
- Assignment of Right Job
- Provide Security of Employment
- Give the best working condition
- Provide opportunities for individual development
- Adoption of welfare schemes
- Establishment of small industrial relations
- Participation in profits and management
- Well defined service conditions
- Adopt incentive wages scheme
- Ensure proper implementation of labour law
Responsibility to Employees
- Compliance to government rules
- Payment of Taxes
- Adhere the government policy
- Not seek political patronage through unfair means
- Cooperate with the government on economic development
Responsibility to Government
Indicated rules that cannot be broken as a company and as employees
Compliance to Government Rules
Money taken from salary (not the whole salary)
Payment of Taxes
Indicated rules that depends on a company
Adhere the Government Policy
Not Seek Political Patronage Through Unfair Means
Helping the community through the CSR and SDGs
Cooperate with the Government on Economic Development
- To obtain loans on reasonable conditions
- To follow mortgage rules
- Follow business ethics
- Proper utilization pf debt capital
- Regular payment of installment and interest
- Repayment of Loan
Responsibility to Creditors
The contract or agreement you need to sign
To Obtain Loans on Reasonable Conditions
Interest/Installment Basis
To Follow Mortgage Rules
What’s right and what’s wrong
Follow Business Ethics
Payment according to the contract
Regular payment of installment and interest
Percentage of the loan
Proper Utilization of Debt Capital
Paying back the whole loan
Repayment of Loan
- Fair prices of goods
- Pay in reasonable time
- Inform about changes in market
- Provide guarantee on the minimum price
- Motivate indigenous supplies
- Provide technical advice
- Inform suppliers of future developments (are you planning to stick with your products)
Responsibilities to Suppliers
Set the exact and right amount of the prices
Fair prices of goods
Late payments
Pay in Reasonable Time
Inform the supplier about the changes in products
Inform about Changes in Market
Support local goods/suppliers
Motivate Indigenous Supplies
Know the technical skills related to the supplied goods
Provide Technical Advice
Inform suppliers about whether you plan to stick with our products
Inform Suppliers of Future Developments
Inform suppliers about changes in the company
Inform Suppliers of Future Developments
Inform suppliers about changes in ingredients
Inform Suppliers of Future Developments
- Determination of fair price
- Standardization of goods
- Render good and economic service
- Best and economic packaging of the product
- Right and true advertising
- Avoid adulteration, low weight measurement of products
- Address customer complaints
- Maintain contact with customer association
- Follow code of conduct
- After sales services
- Avoidance of hoarding practices
- Efficient Distribution
Responsibilities to Consumers
Selling prices for goods must be visible
Determination of Fair Price
Retain with the standard we gave consumer enough time to consume
Standardization of Goods
Render good and economic service
Responsibilities to Consumers
Good and eco-friendly packaging
Best and Economic Packaging of the Product
No false advertising
Right and True Advertising
Price of goods is the same as advertised
Right and True Advertising
Konting serving
Avoid Adulteration, Low Weight Measurement of Products
Make improvements or address what needs to be done in the future
Address Customer Complaints
Provide contact number or email address for customers to contact you
Maintain Contact with Customer Association
Follow what’s right and what’s wrong toward customer
Follow Code of Conduct
Asking for feedback via surveys
After-Sales Services
Avoid taking everything to buy low and sell high
Avoidance of hoarding practices
- Encourage healthy competition
- Save local environment from pollution
- Help in activities for public utility
- Provide employment
Responsibilities to General Public (Filipinos)
Supply and demand
Efficient Distribution
No crab mentality
Encourage Healthy Competition
Proper waste management
Save Local Environment from Pollution
Engagement of transportation, businesses, and establishments with consumers to inform that they exist to help (ex. fundraising)
Help in Activities for Public Utility
Helping people to get a job by announcing that they are hiring
Provide Employment
- Follow rules on international trade
- Avoid unfair competition in international market
- Help economic development of the under developed countries
Responsibility to Global Community (International)
Follow the limit for trading
Follow Rules on International Trade
Set fair and square prices without the use of connections
Avoid Unfair Competition in International Market
Help the Philippines
Help Economic Development of the Under Developed Countries
