18 Questions
What is the primary focus of business ethics in the workplace?
Doing what is right and fair
What is the obligation of entrepreneurs to demonstrate compliance with agreed rules and standards?
Accountability
Why are employees considered the true assets of an organization?
Because they contribute effectively to the success of the business
What is the responsibility of entrepreneurs to their creditors?
To provide them with timely and accurate financial reports
What is the key aspect of an entrepreneur's relationship with the government?
Tax compliance
What is the ultimate goal of corporate governance in an entrepreneurial organization?
To ensure accountability and transparency in all business operations
What is the primary reason for involving embassies, government agencies, or diplomatic services in resolving issues with overseas guests or colleagues?
To facilitate communication and diplomacy
What is the main objective of implementing a code of conduct in business operations worldwide?
To foster respect for human rights
Why is it important to recognize and reward employees for their accomplishments?
To boost employee morale and esteem
What is the significance of providing fringe benefits to employees in the Philippines?
It is a mandatory requirement by the Labor Code
What is the primary purpose of gathering data from the labor market on a regular basis?
To adjust reward structures competitively
What is the potential outcome of providing rewards and benefits to employees?
Improved employee morale and productivity
What is the primary benefit of providing employment security to employees?
Sense of satisfaction among employees leading to higher commitment
What is the primary purpose of taxes imposed by the government on entrepreneurs and businesses?
To raise financial resources for the government
What is a key responsibility of entrepreneurs towards the government?
Complying with government rules and regulations
Why is it important for entrepreneurs to maintain a positive relationship with the government?
To ensure balanced and rapid economic development
What is an example of an entrepreneur's social responsibility towards the government?
Paying taxes to support government programs
What is a potential consequence of non-compliance with government rules and regulations?
Legal action and penalties
Explore the ethical obligations of entrepreneurs towards employees, government, creditors, and suppliers. Learn about the key terms and moral principles that guide business conduct. Understand the significance of business ethics in a professional setting.
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