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Business Ethics Module 3

The document discusses different types of codes that organizations adopt to guide ethical behavior. It defines a code of ethics as principles adopted by an organization to assist those within it in deciding between right and wrong, and applying this understanding to their decisions. A code of conduct sets out procedures for handling ethical situations and determining if violations occurred. A code of practice regulates a specific profession. Codes of ethics can be applied in various contexts like businesses, schools, governments, and professional groups to ensure common ethical standards.

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894 views5 pages

Business Ethics Module 3

The document discusses different types of codes that organizations adopt to guide ethical behavior. It defines a code of ethics as principles adopted by an organization to assist those within it in deciding between right and wrong, and applying this understanding to their decisions. A code of conduct sets out procedures for handling ethical situations and determining if violations occurred. A code of practice regulates a specific profession. Codes of ethics can be applied in various contexts like businesses, schools, governments, and professional groups to ensure common ethical standards.

Uploaded by

Kanton Fernandez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Business Ethics

Module 3

Discover

WHAT IS CODE OF ETHICS?

ETHICAL CODE OR CODE OF ETHICS are principles adopted by an


organization to assists those in the organization called upon to decide; it is about
understanding the difference between “right” and “wrong” and to apply this
understanding to their decision. In addition, Code of Ethics is a written set of
guidelines issued by an organization to its workers and management to help them
conduct their actions in accordance with its primary values and ethical standard.

CODE OF CONDUCT

It is a document designed to influence the behavior of employees. They set out the
procedures to be used in specific ethical situations and delineate whether a violation
of the code of ethics occurred and, if so, remedies should be imposed.

CODE OF PRACTICE

It is adopted by a profession or by a governmental or non-governmental organization


to regulate that profession. It maybe styled as code of professional responsibility,
which will discuss sensitive issues that will often need to be made, and provide a clear
amount of what behavior is considered “ethical” or “correct” or “right”.

CODE OF ETHICS

It is not written solely for the purpose of doing ethical business practice. It can also
be applied and practiced in school, government, and even professional groups.

There is code of ethics for teachers, accountants, engineers, lawyers, doctors,


nurses, and all other professionals to ensure that they are following the same ethical
standards in their professional practice.

1
Explore

Activity 1: Finding the ETHICAL or UNETHICAL?

Direction: Write ETH if the statement shows ethical behavior otherwise UNETH if it
is unethical.
_____ 1. Taking credit for others work
_____ 2. Using or taking company’s supplies for personal use.
_____ 3. Engaging in negative gossip about someone you work with.
_____ 4. Extending snack/ lunch break,
_____ 5. Obeying company’s rules and regulations.
_____ 6. Lying inside and outside the workplace.
_____ 7. Developing professional relationships with co-workers.
_____ 8. Using foul language on co-workers in and out of the workplace.
_____ 9. Conducting personal business during office hours.
_____ 10. Showing initiative without being told.

Activity 2: TRUTH or LIE

Direction: Read carefully each statement then decide whether the statement is
correct or incorrect. Write TRUTH if it is correct otherwise LIE.

_________ 1. To enhance the profits of a business continuously is the objective of


the Code of Ethics.
_________ 2. Employees should obey only written work rules.
_________ 3. Ethics is a set of principles of conduct governing an individual or
group.
_________ 4. Ethical character traits include integrity, honest and justice.
_________ 5. Code of Ethics is a written statement of policies and principles that
guides the behavior of all employees or members of an organization.

Activity 2: TELL ME ….

A. Direction: As member of the Sanguniang Kabataan, you are task to interview


your Barangay Chairman and its Council and the SK Council on their existing
policies, rules, regulations and Code of Conduct implemented in the
community. Follow the format given.

2
Interview Guide:
3.) 4.) Name of Barangay:_______________________________________________________
5.) Name of Brgy. Chairman: ________________________________________________
6.) Sangguniang Barangay: _________________________________________________
: ______________________________________________
: ______________________________________________
: ______________________________________________
: ______________________________________________
: ______________________________________________
6.) 7.) What are the vision, mission and values of your Barangay?
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
8.) Do you have local policies, rules and regulation implemented in the
barangay?
__________________________________________________________________________
6.) Do you have Code of Conduct for all Barangay Officials to follow?
__________________________________________________________________________
7.) How do you craft your Code of Conduct? Polies, Rules and Regulations?
__________________________________________________________________________
8.) Who are the members involved in crafting the Code of Conduct?
__________________________________________________________________________
9.) Why do you make your own Code of Conduct? Policies, Rules and
Regulations?
__________________________________________________________________________
__________________________________________________________________________

3
Direction: Read and understand each statement. Select the letter with the best answer.
Write in your answer sheet.

1. How do you demonstrate professionalism at work?


A. Treat others with respect
B. Take many breaks to gossip with other employees
C. Help with a project and make sure you get all the credit
D. Tell everyone private personal details about your boss

2. Which of the following is the best explanation of a business code of conduct?


A. A set of ethical standards
B. A set of rules regarding legal compliance
C. A set of rules regarding business values
D. A set of rules business’ values, beliefs and ethics as well as rules
governing legal

3. Which of the following is NOT a type of business code?


A. Code of Conduct C. Code of Practice
C. Code of Ethics D. Code of Morality

4. Mr. Sika Tuna attended a meeting together with the resort owners of San Juan
held at Isla Bonita Resort. Many things are discussed. What two things should he
do after the meeting?
A. Concentrate and reflect B. Communicate and reflect
C. Forget everything immediately D. Rethink and communicate

5. How do you demonstrate professionalism at work?


A. Treat others with respect
B. Take many breaks to gossip with other employees
C. Help with a project and make sure you get all the credit
D. Tell everyone private personal details about your boss
6. In a team meeting, your boss congratulates you for a project that was done by
someone else from the team. What will you do?
A. Never say anything about it
B. Explain to your boss immediately that it was not your work and give credit
where credit is due.
C. Stay silent in the meeting and later approach your co-worker you are sorry
that the boss did that.
D. None of the choices above

7. It is a set of organizational rules or standards regarding organizational values,


beliefs, and ethics that govern the conduct of the organization and its members.
A. Code of Conduct C. Code of Ethics
C. Policy D. Rules and Regulations

8. You are newly hired Accounting Clerk in a reputable banking institution. How
many working hours would you render to the company in a day?
A. hours B. 8 hours C. 9 hours D. 10 hours

4
9. Your company has a policy that prevents employees from accepting gifts. The
policy also requires that you inform your manager about the gift. A supplier you
have known for several years offers you a hotel gift certificate. Will you accept the
gift?
A. Yes, accept the gift and do not tell your manager about it.
B. Yes, accept the gift but tell to the supplier not to talk.
B. No, inform the manager and hope for her approval.
C. No, bargain for another offer.

10.Which of the following is a practice of fair treatment of workers at a workplace?


A. Recreation of facilities at the workplace
B. Right of workers to fairness and dignity
C. Right of workers to have a share in company’s profit
D. None of the above
11. A businessman who owns a medical store in a small town is the only outlet that
sells facemask. There is a great necessity and high demand for the use of the item
due to COVID-19 pandemic., so he charges irrational amount of doubling the
price. The community gets mad of the situation. This business practice is most
likely…
A. Ethical because it is not illegal for the owner to set its prices based on
maximizing profits.
B. Ethical because the owner focuses only on the impact of decisions on his
business.
C. Unethical because business operates in a community and communities have
expectations for behavior of individuals, groups, and business
D. None of the above

12. Which of the following is the study and practice what is right or wrong?
A. Business B. Ethics
C. Law D. Morals

13. What do you think is the benefit of practicing good business ethics?
A. Decrease in product sales B. High employee retention rate
C. Lack of trust D. Low morale of employees

14. John is always late in his client’s meeting. What can you say about him? A.
John is very dedicated. B. John is optimistic.
C. John is unprofessional. D. John is busy.

15. Which is considered an unethical business practice? A. Buying substandard


materials for production.
B. Hiring the most qualified applicants for vacant positions.
C. Selling a good quality product.
D. Treating employees fairly.

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