Business Ethics and Social Responsibility: ABM - Specialized Subject
Business Ethics and Social Responsibility: ABM - Specialized Subject
Business Ethics and Social Responsibility: ABM - Specialized Subject
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Business Ethics and Social Responsibility– Grade 12
Alternative Delivery Mode
Quarter 1 – Module 1: Forms of Business Organization (Ownership)
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 exploitation of such work for 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.
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Introductory Message
For the facilitator:
Welcome to the Business Ethics and Social Responsibility Alternative Delivery Mode
(ADM) Module on the Forms of Business Organizations (Ownership)
This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills 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:
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 own learning. Furthermore, you are expected to encourage and assist the
learners as they do the tasks included in the module.
The hand is one of the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a learner
is capable and empowered to successfully achieve the relevant competencies and
skills at your own pace and time. Your academic success lies in your own hands!
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 resource while being an active learner.
What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in
the module.
This part includes an activity that aims to
What I Know
check what you already know about the
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.
This is a brief drill or review to help you link
What’s In the current lesson with the previous one.
In this portion, the new lesson will be
What’s New introduced to you in various ways such as a
story, a song, a poem, a problem opener, an
activity or a situation.
This section provides a brief discussion of the
What is It lesson. This aims to help you discover and
understand new concepts and skills.
This comprises activities for independent
What’s Mores practice to solidify your understanding and
skills of the topic. You may check the
answers to the exercises using the Answer
Key at the end of the module.
This includes questions or blank sentences
What I Have
/paragraph to be filled into process what you
learned from the lesson.
This section provides an activity which will
Learned What I Can help you transfer your new knowledge or skill
Do into real life situations or concerns.
This is a task which aims to evaluate your
level of mastery in achieving the learning
Assessment competency.
Additional Activities In this portion, another activity will be given to
you to enrich your knowledge or skill of the
lesson learned. This also tends retention of
learned concepts.
Answer Key This contains answers to all activities in the
module.
1. Use the module with care. Do not put unnecessary mark/s on any part of the
module. Use a separate sheet of paper in answering the exercises.
2. Don’t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not hesitate
to consult your teacher or facilitator. Always bear in mind that you are not alone.
We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!
What I Need to Know
This module was written for you to accomplish at home. It was carefully
designed so that you can work at your own pace and allow self-discovery of the
concept through activities that you will perform. Activities were also selected to allow
independent learning which also aims to develop students’ reading comprehension
skills through understanding written texts.
What I Know
Are you a part of a music or glee club? Maybe, you are also a varsity player of
the school’s basketball and volleyball teams or are you a school paper writer who
participates in different journalism contests outside the school?
What is your position in the club? How many are you in the organization?
Who usually has the last say? Who are your leaders? What are you doing in
ensuring success in every activity?
Do you feel the fulfillment of being part of an organization? What did you learn
from being an officer or a member of a club?
What’s In
Nowadays, many businesses are closed due to the COVID -19 pandemic and
only those businesses which are considered essential such as food businesses and
medical services remained.
Can you list down the name/s of business/es which is/are still in operation
during the quarantine period? Identify the services/ products they offer.
2.
3.
4.
5.
What’s New
After the post-war boom, the Ramoses opened a nine-story building along
Avenida which made their bookstore more profitable.
May this success story of Nanay Coring give inspiration and encouragement
to all. You need someone like her that will serve as a model to bring out the
best in yourselves to survive the crisis brought by COVID-19 pandemic. All
good things are blessings from the Almighty God and granted to anyone
whom He loves at His pleasure.
Source:
https://www.businessinquirer.net
From the story you have read, please answer the following
questions:
What is It
Business are considered the engine of the economy because they contributed
to the economy of our country through paying corporate taxes so that the
government can provide the promote social welfare of its citizens. Business also
provides job opportunities which compensates the people in the society.
What’s More
Independent Activity 1:
Independent Assessment 2:
2. Easy to start; owner is own boss; owner keeps all the profits and shoulders
losses. These are some descriptions of what type of business.
3. What form of business consists of two or more people to carry on, as co-
owners of a business for profit?
4. Your mother has Php 100,000. She wants to invest her money in the form of
business that has the least amount of personal liability. What form of business
would you recommend?
a. Sole Proprietorship
b. Partnership
c. Corporation
d. Cooperative
5. How a corporation differs from a sole proprietorship?
a. Corporations are owned by only one person.
b. Corporations can sell stocks to large and small investors to raise money
for the business.
c. Sole proprietorships have limited liability for the owners.
d. Sole proprietorships require a legal charter to start the business.
Definition of terms
Business Organization refers to how a business is structured.
Sole Proprietorship is a business owned by one person.
Partnership is an association of two or more people as partners.
shares the profit and liabilities of a business venture.
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.
Comparative Analysis:
How do you and your family cope up with the financial crisis that we
are encountering while we are trying to overcome the pandemic?
Even at home, you can organize any form of business ownership for
you to cope up with the financial crisis you are encountering. Look for the
opportunities brought about by the pandemic. Seize that opportunity. You will
be surprised that you turned the impossible to possible (if you will rely solely
to Him who is in total control of the unwelcome atmosphere).
As Book of Isaiah 41:10 says “Fear not, for I am with you; Be not
dismayed, for I am your God. I will strengthen you, Yes, I will help you, I will
uphold you with My righteous hand.”
God sees your heart and mind. He knows your needs, your worries,
your fears, so trust in His presence.
What I Can Do
Great Ideas! Think of a small business you can start amid the COVID-
19 pandemic on the level of your potential. Start finding out what problems
your community are facing. Focus your business around solving that problems
and be a part of the solution. Good luck
“Most successful men have not achieved their distinction by having some
new talent or opportunity presented to them. They have developed the
opportunity that was at hand.” – Bruce Barton
Assessment
True or False
BOOKS
Medina, Roberto G., 2006. Business Organization and Management. pp. 34, 41,
42. Philippines. Rex Bookstore, Inc.
Salvador, Samuel M. et.al. 2017. Principles and Practices of Management
nd
and Organization 2 Edition. Allen Adrian Books.
https://business.inquirer.net/273445/eight-successful-filipino-entrepreneurs-
who-started-small#ixzz6OrdABxxg
For inquiries or feedback, please write or call:
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Meralco Avenue, Pasig City, Philippines 1600 Telefax: (632) 8634-1072; 8634-1054; 8631-4985
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