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22, , Business Ethics and, Social Responsibility, Responsibilities and, Accountabilities of Entrepreneurs to, Society and Local Community, and, Environment, , Business Ethics and Social Responsibility, , SENIOR, HIGH, SCHOOL, Module, , 3, Quarter 4

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Business Ethics and Social Responsibility- Grade 12, Quarter 4 – Module 3: Responsibilities and Accountabilities of Entrepreneurs, to Society and local community, and Environment, First Edition, 2020, Republic Act 8293, Section 176 states that no copyright shall subsist in any, work of the Government of the Philippines. However, prior approval of the, government agency or office wherein the work is created shall be necessary for the, exploitation of such work for a profit. Such agency or office may, among other things,, impose as a condition the payment of royalties., Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand, names, trademarks, etc.) included in this module are owned by their respective, copyright holders. Every effort has been exerted to locate and seek permission to use, these materials from their respective copyright owners. The publisher and authors, do not represent nor claim ownership over them., Published by the Department of Education - Schools Division of Pasig City, Development Team of the Self-Learning Module, Writer: Eunice H. Mariposque, Editor: Content/Language : Hedelita B. Calonia/ Edna D. Camarao, Reviewers: Content/Language : Hedelita B. Calonia, Dennis T. Alex / Aillen G., Sumagaysay, Edna D. Camarao, Illustrator: Name, Layout Artist: Name, Management Team:, , Ma. Evalou Concepcion A. Agustin, OIC-Schools Division Superintendent, Carolina T. Rivera, EdD, Nb,OIC-Assistant Schools Division Superintendent, Victor M. Javeña EdD, Chief, School Governance and Operations Division and, Manuel A. Laguerta EdD, Chief, Curriculum Implementation Division, , Education Program Supervisors, Librada L. Agon EdD (EPP/TLE/TVL/TVE), Liza A. Alvarez (Science/STEM/SSP), Bernard R. Balitao (AP/HUMSS), Joselito E. Calios (English/SPFL/GAS), Norlyn D. Conde EdD (MAPEH/SPA/SPS/HOPE/A&D/Sports), Wilma Q. Del Rosario (LRMS/ADM), Ma. Teresita E. Herrera EdD (Filipino/GAS/Piling Larang), Perlita M. Ignacio PhD (EsP), Dulce O. Santos PhD (Kindergarten/MTB-MLE), Teresita P. Tagulao EdD (Mathematics/ABM), Printed in the Philippines by Department of Education – Schools Division of, Pasig City

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Business Ethics, and Social, Responsibility, Responsibilities and Accountabilities, of Entrepreneurs to Society and Local, Community, and the Environment, , SENIOR, HIGH, SCHOOL, , Module, , 3, Quarter 4

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Introductory Message, For the Facilitator:, Welcome to the Senior High School – Responsibilities and Accountabilities of, Entrepreneurs., This Self-Learning Module was collaboratively designed, developed, and, reviewed by educators from the Schools Division Office of Pasig City headed by its, Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A., Agustin, in partnership with the City Government of Pasig through its mayor,, Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K, to 12 Curriculum using the Most Essential Learning Competencies (MELC) in, developing this instructional resource., This learning material hopes to engage the learners in guided and independent, learning activities at their own pace and time. Further, this also aims to help learners, acquire the needed 21st-century skills especially the 5 Cs, namely: Communication,, Collaboration, Creativity, Critical Thinking, and Character while taking into, consideration their needs and circumstances., In addition to the material in the main text, you will also see this box in the, body of the module:, , Notes to the Teacher, This contains helpful tips or strategies that, will help you in guiding the learners., , As a facilitator, you are expected to orient the learners on how to use this, module. You also need to keep track of the learners' progress while allowing them to, manage their learning. Moreover, you are expected to encourage and assist the, learners as they do the tasks included in the module.

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For the Learner:, Welcome to the Business Ethics and Social Responsibility Self-Learning, Module on Responsibilities and Accountabilities of Entrepreneurs., This module was designed to provide you with fun and meaningful, opportunities for guided and independent learning at your own pace and time. You, will be enabled to process the contents of the learning material while being an active, learner., This module has the following parts and corresponding icons:, , Expectations - This points to the set of knowledge and skills, that you will learn after completing the module., Pretest - This measures your prior knowledge about the lesson, at hand., Recap - This part of the module provides a review of concepts, and skills that you already know about a previous lesson., , Lesson - This section discusses the topic in the module., , Activities - This is a set of activities that you need to perform., , Wrap-Up - This section, application of the lesson., , summarizes, , the, , concepts, , and, , Valuing - This part integrates a desirable moral value in the, lesson., Posttest - This measures how much you have learned from the, entire module.

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EXPECTATIONS, At the end of this module, you are expected to:, 1. identify the responsibilities and accountabilities of entrepreneurs to the, society and the local community., 2. identify the responsibilities and accountabilities of entrepreneurs to the, environment, and, 3. appreciate the importance of responsibility and accountability of, entrepreneurs to the general public and the environment by giving real-life, example scenarios., , PRETEST, Tell whether the statement is TRUE or FALSE., 1. One responsibility of an employer to the society and local community is to, discourage healthy competition., 2. Entrepreneurs have no responsibility to the environment., 3. Every owner of a company should comply with environmental legislation, and policies., 4. Providing jobs to the local community improves the standard of living., 5. There must be periodic checking and maintenance on the toxic waste and, chemicals to prevent serious cases that might occur, , RECAP, Let us recall. Give at least two responsibilities and accountabilities of an, entrepreneur to creditors, suppliers, and consumers. Discuss Each., 1. Responsibilities and accountabilities entrepreneurs to creditors., A. ________________________________, B. ________________________________, 2. Responsibilities and accountabilities entrepreneurs to suppliers., A. ________________________________, B. ________________________________, 3. Responsibilities and accountabilities entrepreneurs to consumers., A. ________________________________, B. ________________________________

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LESSON, In previous modules, we have discussed the responsibilities and, accountabilities of an entrepreneur to employees, government, creditors, suppliers,, and consumers. Yet entrepreneurs are not only accountable and responsible to the, parties mentioned. There are still two parties that we will be discussing in this, module that entrepreneurs are accountable and responsible too. These are the, society and local community, and the environment. Let us learn more!, , RESPONSIBILITIES AND ACCOUNTABILITIES TO THE SOCIETY AND, LOCAL COMMUNITY, 1. Encourage Healthy Competition- There is nothing wrong to compete with, other businesses as long as you do it healthily. Competition makes you learn, a lot of things and teach you also a lot of things. Entrepreneurs must be fair, in pricing and offer good customer service and quality products., 2. Save Local Environment from Pollution- If the factory of an employer emits, dangerous chemicals, the owner must not put up the business in a residential, area and establish a favorable distance from residential spaces., 3. Help activities of Public utilities- owners of businesses must participate and, encourage to help provide public utilities to be used in the community such, as hospitals, libraries, playgrounds, schools, and others., 4. Improve the standard of living- entrepreneurs are also encouraged to provide, help to the underprivileged group of people by offering scholarship programs,, family welfare, and others. Providing jobs to the local community also, improves the standard of living., , RESPONSIBILITIES AND ACCOUNTABILITIES TO THE ENVIRONMENT, Most of our raw materials are coming from the natural environment. Environment, naturally provides the materials that firms need in producing goods and services that, are being offered in businesses. Entrepreneurs must be environmentally responsible, because it is more than just a legal duty., 1. Compliance with the Environmental Legislations and Policies – As an, entrepreneur, you must consider the environment of the business you are, situated into. There are environmental rules and regulations that, entrepreneurs need to comply with such as emission of chemicals, waste, management system, sewerage system, storage and use of the hazardous, substance, and any threat to the environment, neighboring residences,, and businesses.

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2. Incorporate Environmental Policies into your Business – For you to be sure, that you are complying with the legislation and policies of the government,, it is good to incorporate these policies in your employees manual to be able, to ensure that what the business is doing is parallel to the policies and, guidelines with regards to the environment. Also, it minimizes the risk of, unintentional violations., 3. Proper Disposal of Waste – To prevent pollution in land, air, and water, it, is necessary to take appropriate action in terms of the waste management, system. There must be periodic checking and maintenance on the toxic, waste and chemicals to prevent serious cases that might occur. If, applicable, reuse, reduce and recycle materials to minimize pollution., 4. Report Incidents- it is the entrepreneur's responsibility to report incidents, such as gas leaks, burst water mains, damage or danger to natural, resources like pollution of land, air, and water, domestic odors, and others, that cause or threaten the damage of the environment. Report this kind of, incident, to, the, local, authority, and, utility, company., (https://www.bgateway.com/resources/environmental-responsibilitiesfor-businesses), , ACTIVITIES, Activity 1, 1. Search for news that shows compliance to responsibility and accountability of, entrepreneurs to the society and local community and environment. Based on, the scenario, discuss the actions taken by the employer showing he has been, responsible and accountable for that specific situation. Paste in the box below, the news you have chosen.

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WRAP-UP, 1. What are the responsibilities and accountabilities of entrepreneurs to, society and the local community?, 2. What are the responsibilities and accountabilities of entrepreneurs to the, environment?, , VALUING, 1. Give at least three consequences that the employer might face if he neglects, to do his responsibility to society and the local community., ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, 2. Give at least three consequences that the employer might face if he neglects, to do his responsibility to the environment., ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, ___________________________________________________________________________, , POSTTEST, Direction: Tell whether the statement is a responsibility or accountability of, an entrepreneur to society and the local community or the environment., 1., 2., 3., 4., 5., , Responsibility to dispose of waste properly., Report incidents that cause damage to the natural environment., Help provide public utilities to be used in the community., Encourage healthy competition, Incorporating environmental policies into the business.

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KEY TO CORRECTION, , 5. To environment, , 5. True, , 4. To society and local community, , 4. True, , 3. To society and local community, , 3. True, , 2. To environment, , 2. False, , 1. To environment, , 1. False, Pre-test, , Posttest, , References, Cortez, Franz Giuseppe F. Business Ethics and Social Responsibility. Vibal, 2016., Jerusalem, Violeta L. Business Ethics & Social Responsibility: Concepts, Principles, &, Practices of Ethical Standards. Fastbooks Educational Supply, 2017., https://www.googlesir.com/social-responsibility-of-entrepreneurs-towards-societylocal-community/, https://www.business2community.com/small-business/business-competitionhow-connecting-with-competitors-is-actually-good-for-business-02056300, https://priceofbusiness.com/the-environmental-responsibilities-of-entrepreneurs-and-smes/, https://www.bgateway.com/resources/environmental-responsibilities-for-businesses