Besr - Q2 - W1 (22-23)
Besr - Q2 - W1 (22-23)
Besr - Q2 - W1 (22-23)
Senior
Quarter
Ethics
Highand
2School
/ Social
Week(ABM)
1Responsibility
AND RESPONSIBILITIES
ACCOUNTABILITIES
ENTREPRENEURS OF
4
LESSON RESPONSIBILITIES AND
ACCOUNTABILITIES OF ENTREPRENEURS
1
TO EMPLOYEES, GOVERNMENT,
CREDITORS AND SUPPLIERS
OBJECTIVES:
K: Identify the responsibility and accountability of
entrepreneurs to employees, government, creditors and
suppliers;
S: Discuss the responsibilities and accountabilities of
entrepreneurs to employees, government, creditors and
suppliers; and
A: Appreciate the importance of the responsibilities of
entrepreneurs to employees, government, creditors and
suppliers
I. WHAT HAPPENED
Pre-Activity
Put yourself in a work place either you are a housekeeper in a beach resort, a service
crew in a fast-food chain or any work you have known. Write your responsibilities as an
employee and the responsibilities of the employer in this covid-19 disease pandemic. Write
your answer in your activity notebook.
II. WHAT YOU NEED TO KNOW
KEY TERMS!
DISCUSSION
RESPONSIBILITIES and ACCOUNTABILITIES of ENTREPRENEURS
To Employees, Government, Creditors and Suppliers
An entrepreneur is one who organizes, manages and assumes the risk of an enterprise.
An entrepreneur should be aware of the ethics and social standard follow them.
A. Employee
Employees are the true assets of an organization. They are the ones who contribute
effectively towards the success of every business so, in return entrepreneur has
responsibilities and accountabilities to fulfill for the safety and welfare of their employees.
The following are the responsibilities and accountabilities of an entrepreneur to his/her
employees.
3. Create and Maintain an Ergonomic (the study of people in their working environment)
Workplace
What is the goal of this?
The goal is to eliminate discomfort and risk of injury due to work.
Entrepreneurs must also make employees aware of areas in their business that have a
high risk for injury and train their employees in safety procedures to minimize the risk of
injury. Working environment that are properly ventilated and illuminated improve
employee’s performance, their health and well-being.
When injuries occur through no fault of their employees, it’s their responsibility to file
a claim with their employees’ insurance provider.
Businesses must treat their injured employee with respect and file the claim without
attempting to cause a delay in processing or attempt to deter (to prevent someone from
doing something by making it difficult for that person to do it) the worker from filing a
claim at all.
Human rights are the basic rights and freedoms that belong to every person in the
world, from birth until death. They apply regardless of where you are from, what you
believe or how you choose to live your life. Through this, the section 11 of Article II of
the 1987 Constitution of the Republic of the Philippines declares that the State values
the dignity of every human person and guarantees full respect for human rights.
Business operations are interrelated with a wide range of people and societies
throughout the world, and implements and enforces a code of conduct that fosters respect for
human rights.
B. GOVERNMENT
In Business, the responsibilities of entrepreneurs towards the government,
professional institutes, and other business institutions are very essential. The government sets
the targets for the balanced and rapid economic development of the country.
Responsibilities and accountabilities of entrepreneurs to the government are:
1. Compliance of government rules
The rules framed by the government for business should be fully complied with. The
entrepreneur should follow the laws regarding obtaining licenses for a specific business,
running of the business, price identification and even production of goods and services.
2. Payment of Taxes
The government imposes various types of taxes, like
income Taxes (a tax levied on the wages, salaries, dividends, interest and
other income a person earns throughout the year),
sales tax (is an additional amount of money you pay based on a
percentage of the selling price of goods and services that are purchased),
excise tax (is a tax on the production, sale, or consumption of a
commodity in the country)
Why does the government impose excise tax?
Excise taxes are sometimes used to discourage the sale of goods that the
government thinks are harmful to the public health like cigarettes, alcohol,
and high pollutant gasoline.
tariff duties - a tax levied by government on the value including freight and
insurance of imported products.
wealth tax – is imposed on an individual’s net wealth or the market value of
their total owned assets minus liabilities.
IS WEALTH TAX AND INCOME TAX SAME?
They are both a form of direct tax. Income tax is levied on the income
or profits of the person whereas wealth tax is levied on the assets owned by
individuals.
on the entrepreneur and business, for raising financial resources. Entrepreneurs should
honestly pay these taxes.
3. Not to correct the Government Machinery (or to conduct business in accordance with
government policies)
The Machinery of the Government or MoG is the interconnected structures and
processes of government, such as the functions and accountability of departments in the
executive branch.
The government appoints the officers to implement its policies. The social
responsibility of the entrepreneur is that he may not correct the government officers and
employees for getting wrong favors or some Anti-social purposes.
It is the responsibility the entrepreneur not to seek for any political support
through provision of unnecessary economic help to any political party or politicians
especially during elections.
For example, the Philippine government aims to increase employment for retrenched
employees (an act of the employer of dismissing employees because of losses in the
operation of the business) during the health crisis.
C. Creditors
A creditor is an entity (person or institution) that extends credit by giving another
entity permission to borrow money intended to be repaid in the future.
Various plans are prepared for development and expansion of the business and for that
various projects are also formulated. For their completion, capital is the foremost
requirement, which is fulfilled through loans from the individuals, Financial Institutions and
Banks.
2. Follow Mortgage ( an agreement between you and the lender that gives the lender the
right to take your property if you fail to repay the money you’ve borrowed plus interest)
Rules
The creditors provide loans in secured and unsecured forms. If the creditor has
provided the secured loan on the mortgaged property, the entrepreneur should follow the rules
of mortgaged property.
D. Suppliers
The services of the suppliers are also important for any business because they supply
raw materials, machinery, labor, and other materials. Without hem, the smooth operation of
the business is quite difficult.
Entrepreneurs’ responsibilities and accountabilities towards their suppliers are the
following:
LESSON
RESPONSIBILITIES AND ACCOUNTABILITIES
2
OF ENTREPRENEURS
OBJECTIVES:
of business;
INTRODUCTION
DISCUSSION
According to Earnest Dale, “the manager sees himself as an arbiter (a person who settle
dispute or has ultimate authority in a matter) among the many interests of ‘public’
affected by the business, the stockholders, the employees, the suppliers, the general public
and the consumers. It is his duty to divide the returns from the business equitably by
providing a ‘fair’ return to the shareholders, ‘fair’ working conditions and pay for the
employees or ‘fair’ prices to the suppliers and customers and to make the business, in
general, an asset to the local community and the nation.” The most important social
obligation of an entrepreneur is to reconcile and balance the various conflicting interests in
the best possible manner.
6. Be Honest in Dealings
Never lie to your customers. It is foolish to cook false stories. You will be caught. In
today’s world, where information is just a click away, everyone does his/her through research
before purchasing something. You will lose respect in front of them. If you can’t deliver
something, please mention it clearly. They might not invest in that particular product but
believe me, would definitely come back to you in near future just because you were honest,
and guided them correctly. It is pointless to badmouth your competitors.
7. Attend to Complaints
The consumer complaints must be attended immediately. When major issues, occur,
employ a system for making decisions on steps and measures to take while placing top priority
on not convincing the customers.
3. Community Oriented
A company exists because of the customers it serves and the community in which it is
located. The community provides most of the employees for the company, and the
community provides all the public services the company enjoys, such as electricity and
firefighting protection. In some cases, companies are given breaks on their utilities and taxes
in order to entice (attract or tempt by offering pleasure or advantage) them to establish a
location within the community. The company has a responsibility to give back to the
community that supports it with tax breaks and a labor force. When there is a community
event, the company should contribute volunteers, money, or something that would support
the event. The company should use local suppliers as it can help to support local businesses.
c. Recycle
• Business is required to separate the following forms of commercial waste
for re-cycling: paper, card, plastic, metals, and glass.
d. Conserve and Protect Biodiversity
• Biodiversity refers to all species of plants and animals, including any
genetic variations within those species and the complex ecosystem
they live in.
e. Prevent and remedy damages to environment
Every year there are thousands of cases of damage to environment covering:
• damage to species and habitat
• damage to water
• risks to human health from contamination of land
g. Use Scarce Natural Resources Sparingly
Scarce natural resources should be used very carefully at these are depleting at
a very fast rate.
EVALUATION/POSTTEST
Test I. Direction. Read the given selection and answer the question written below.
Starbucks
Every Starbucks bar counter has a barista who is expert in preparing coffee. A Starbucks
barista is trained in grounding coffee beans, brewing, and serving fresh coffee. He/ She
should know all the regular customers of the store by name and remember their coffee
preferences. He/ She must also be able to pour coffee with one hand and whipped cream
with the other while talking with the customer. This is what later on called the Starbucks
experience. This is a unique way of serving coffee while building a more personal
relationship with patrons.
Today, Starbucks is the number one provider of not only the finest coffee-drinking
experience in the world, specifically in 24,000 stores in 70 countries. True to its mission, “to
inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.”
Starbucks continue to meet this goal by creating value and satisfaction for its customers.
Rubrics in Essay