Business Ethics and Social Responsibility

Business Ethics and Social Responsibility

Teacher Kani

BUSINESS

A business is a person or group of people, aligned in whatever format, engaged in buying and selling goods or services for the purpose of making a profit

ORGANIZATION

An organized group of people with a particular purpose,for a religious, educational, professional, or social purpose.

Multiple Choice

Greenpeace is an independent global campaigning organisation that acts to change attitudes and behaviour, to protect and conserve the environment, and to promote peace.

• BUSINESS

• ORGANIZATION

Multiple Choice

Ayala Malls is a real-estate subsidiary of Ayala Land, an affiliate of Ayala Corporation. Founded in 1988,Ayala Malls own a chain of large shopping malls, all located in the Philippines. Ayala Malls is the one of the largest shopping mall retailer in the Philippines, along with SM Supermalls and Robinsons Malls.

• BUSINESS

• ORGANIZATION

Types of Business Organization

Sole Proprietorship

The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. In the eyes of the law and the public, you are one in the same with the business.

Partnerships

In a Partnership, two or more people share ownership of a single business. Like proprietorships, the law does not distinguish between the business and its owners. 

Corporation

is considered by law to be a unique entity, separate and apart from those who own it. The owners of a corporation are its shareholders. The shareholders elect a board of directors to oversee the major policies and decisions. The corporation has a life of its own and does not dissolve when ownership changes.

Poll

If you will run your own business, what type of business organization would it be?

• Sole Proprietorship

• Partnership

• Corporation

Advantages of Sole Proprietorship

• Easy to Set Up

• Sole proprietors are in complete control.

• Take in all profit

• Set your own hours

• Personal Connection w/ owner

Multiple Select

What are the advantages of Partnership?

• Unlimited liability

• Business will be terminated, if owner dies.

• Set your own hours

• Personal Connection w/ owner

THANK YOU! :)