BUSINESS ETHICS

• What attitude does the "Bahala Na" Filipino value suggest in business?

  Submitting everything to God
• What does "Pakikisama" emphasize in business practices?

  Harmony and closeness
• Which values do Filipino entrepreneurs exhibit in facing unplanned events in the market?

  Flexibility, adaptability, and creativity
• What characterizes the "padrino" (whom you know system) in business hiring practices?

  Endorsements and friendships
• The mental abilities that managers must have to understand, analyze, and diagnose complex situations.

  - Conceptual Skills
• How does the "Padrino" system impact job seekers, according to the text?

  Automatically hired through endorsements and connections
• A code of professional practice, and an employee code of conduct.

  - Code of Ethics
• How is "Utang na Loob" described in terms of business practices?

  Duty and responsibility to repay debts
• How do filipino entrepreneurs use joy and humor in business?

  Establishing camaraderie
• The what does "suki" represent in business relationships?

  Loyalty and trust between a customer and supplier
• Refers to all books, records, files, business record and plans, reports, correspondence, documentations in respect of the agreement, and other financial and customer data.

  - Documentation
• What plays a vital role in establishing and developing business progress?

  Hard work and industriousness
• What does "documentation" primarily refer to in a business context?

  All books, record, files, and business plans
• What is the primary purpose of the business protocol in a company?

  To encourage uniform behavior
• Why are policies and procedures crucial in managing a workplace?

  To provide a fair, predictable, and consistent approach
• Which companies are subject to stringent compliance with reportorial requirements?

  Public companies selling securities to the public
• What are the key elements of marketing in a company?

  Product, price, promotion, place
• The obligation to demonstrate that work has been conducted in compiance with agreed rules and standards.

  - Accountability
• The ental abilities that managers must have to understand, analyze, anf diagnose complex situations.

  - Conceptual Skills
• Epicurus - Art of Happiness.
• Plutarch - Be a good role model.
• Christianity - Prayer to provide strategic direction, resources, earnings etc.
• Socrates - Have the courage to disagree.
• Confucianism - Most profound and dynamic thought system in traditional Chinese Culture.
• Confucius - Do not do unto others what do you not want others to do unto you.
• Hinduism - The five core Tata values
• Plato - The power to rule
• Judaism - were you honest in business
• Immanuel Kant - Theory of Duty and obligation
• Islam - Hoarding merchandise to increase the price is forbidden
• Aristotle - Let people seek fulfilment
• Buddhism - If you work hard, rest well
• Taoism - A good leader is one that the people respects and whose instructions are willingly followed.
• Shintoism - Work is understood to be a self-expression of the great life force
• What are the FORMS OF BUSINESS ORGANIZATION?

  Sole Proprietorship, Partnership, and Corporation
• Accountability - implies responsibility
• Accountability - is the obligation to demonstrate that work has been conducted in compliance with agreed rules and standards.
• Fairness - is the quality of making judgments that are free from discrimination. It involves balancing the interests involved in all decision-making including any hiring, firing (of employees), compensation, and reward system.
• Transparency - is the quality of being easily seen. In a business context, transparency is honesty and openness.
• Corporate transparency - includes the ethical justification for information disclosure and the management-employee relationship (participative management).