Mae R.

Santiago

BSA-2A

BUSINESS ETHICS AND GOOD GOVERNANCE- MODULE 1

1. Differentiate normative ethics from applied ethics. Explain your answer by giving an
example.
Normative ethics requires the achievement of moral values that govern good and wrong
behavior. Example of this is don’t do to other what you don’t want others to do unto you.
While Applied ethics is a distinct category of ethical philosophy. Example of this is
abortion and death penalty.
2. Prove or Disprove the statement “Laws provide equality and fairness to all, therefore all
laws are always ethical”
Disprove, If law is equal why always the poor one is begging for justice? Let just accept
that law is not fair especially to have a power to control the law. Ethical people do not
need rules and laws to guide their action because they always try to do the right thing.
3. Explain the concept of rights
Next, there is the legal right to appeal to rights under the constitution. It operates in
compliance with the laws of the legal system. Second, human rights are basic inalienable
rights that you have only because you are a citizen. Human rights are rights that are
claimed to have been given by Heaven. Next is Employee Right, which includes all
privileges and responsibilities within the employer-employee relationship. Last one is the
moral right, it means that the moral right is a personal right that binds the creator of a
work to his work.
4. What are the relationship between business and ethics?
Businesses should know what ethics mean to represent the costumer in the right way. By
encouraging strong ethical standards at the workplace, it helps employees to continue and
perform harder. When doing ethical stuff, it gives the company income because they gain
more customer.
5. In what ways ethics can contribute to customer satisfaction? Cite examples
 It is important to satisfy the customer's satisfaction, particularly if you are in the service
industry as in the fast food chain, you need to be more patient when the customer
complains about something if you manage it well, the other customer may find that the
business is carrying out ethical values.
6. Discuss the coverage of a company sponsored ethics program.
 Drug and alcohol misuse that is not legal. And still taking too much of the
medication that is given. And this, too, is an unhealthful behavior.
 Employee theft it means stealing of anything without any permission.
 Conflict of interest includes a person who has two relationships vying for the
loyalty of the person.
 Quality control is a process that checks the quality of the product to ensure that
the product meets the customer's requirements
 Misuse of proprietary is more commonly like a theft. It steals information and
makes illicit use of it for its own benefit.
 Abuse of expense account is claiming expenses that are not reimbursable or
changing its expenses too much.
 Retrenchment is a dismissal for no fault of the employee.
 Misuse of company assets where third parties or workers abuse their powers and
steal from the company through a series of fraudulent actions.
 Environmental Pollution, because of the human action the government has
demand a regulations about business operations.
 Methods of gathering competitors information it refers to ability to gather,
analyze and use information, like costumer review.
 Inaccuracy of books and records, it means that some of the detail in the books is
inaccurate.
 Receiving excessive can means different to others especially in organization. It
can be means a bribery, violations and it can create inappropriate influences.
 False or misleading advertisement is a crime that can affect not only the product
but the whole business of the organization.
7. What is the role of top management in the implementation of company’s code of ethics?
 Managers should make it clear that violations of ethical policies are not accepted. Top
management is like a parent model conduct that they expected to do right to learn from
their subordinate.
8. Discuss the importance of business ethics.
Business ethics is a guide for any company to know what's right and wrong. It ensures
that the image of the company is consistent and ethical, such as how you treat employees
and customers, that even more people come to your business. The more you know
business ethics, the more profit you could get in your business.
9. Is there a need for business ethics? Why?
As I said, it will increase or boost your business credibility, and the better you understand
ethics, the more you can gain. Like learning how to handle workers and customers in the
same way, it will show the staff or the customer reviews or comments.
10. Will it be good for business to be socially responsible? Why?
Yes, because it could be beneficial for the reputation of the organization. It can create its
own identity and inspire employees. However, the organization should follow strategies
without affecting the environment.
11. What are some ethical principles for the professional managers? Is there a need to be
ethically responsible manager?
Managers should take an active interest in the challenges and concerns of subordinates,
handle them equally and fairly. Managers should also understand that their subordinate is
entitled to information on matters concerning them. Yeah, the boss has to be ethically
responsible, since he is the one who guides the other workers.
12. How would you integrate ethics in the business pursuit for maximum profitability?
The implementation of ethics is essential for management to make profits for the
business. When ethical conduct is carried out in a company, it helps customers to have
confidence in the company. If the customer is aware that they are buying a product from
a company with good reviews, the profit will increase.
13. What are the specific points of interest of business in caring about employees?
Health and safety management should be concerned with the reduction of work-related
illnesses and injuries. Appropriate salaries and Employee benefits, the company should
pay employees in terms of skills, training, experience and education.
 The right to speak out of everything they want to say, because everyone's right. The right
to privacy, employees have the right to live their own private life. And the last is the right
to job security, employees must not be threatened with dismissal unless there are valid
reasons for doing so.
14. Is it true that social actions are both beneficial and costly to the company? Explain your
answer.
Yes, because it can be beneficial because your business or organization can be known to
the community. And it can be costly because you need a budget for social action.
15. Briefly explain the value to an organization of social audit.
Social audit is a means of measuring, understanding, reporting and improving the social
and ethical performance of an organization. It helps to to narrow gaps between
vision/goal and reality, between efficiency and effectiveness.