Lesson 4 (Group 1 Reporting)

Question 1

Principles of Business Ethics:

Answer 1

Decorum
Protocol
Protocol
Advertising
Marketing
Bookkeeping
Reportorial
Requirements
Documentation

Question 2

Also known as business etiquette.
Set of behaviors and manners.

Answer 2

Decorum

Question 3

A system of rules that
explain the correct
conduct and procedures
to be followed in formal
situations.

Answer 3

Protocol

Question 4

typically outlines a
specific course of action
designed to further the
general goals of the group.

Answer 4

Policies

Question 5

process of delivering
a message about
ideas, goods, and
services, through the
media, paid by an
individual sponsor.

Answer 5

Advertising

Question 6

refers to activities
a company undertakes to
promote the buying or
selling of a product or service.

Answer 6

Marketing

Question 7

Process of
keeping track of
a business’s
financial
transactions.

Answer 7

Bookkeeping

Question 8

a document that outlines
the necessary elements of a
project or system.

Answer 8

Reportorial
Requirements

Question 9

involves the systematic
interaction of people,
events, and documents to
create a record of an
organization, including
evidence of documents.

Answer 9

Documentation

Question 10

This is behavior that people consider to be correct, polite,
and respectable.

Also Known As Business Etiquette, refers to the
requirements and expectations of social and business
behavior

Answer 10

Decorum

Question 11

Types of Business Etiquette:

Answer 11

1. Workplace etiquette
2. Table manners and meal etiquette
3. Professionalism
4. Communication etiquette
5. Meetings etiquette

Question 12

unwritten rules or guidelines that are peculiar to every culture or organization, and are supposed to be
observed by all parties in the conduct of business, entertaining, negotiating, politics, etc.

Answer 12

Protocol

Question 13

Examples of Protocols in Philippine Business:

Answer 13

Filipino family-modeled business

Business is personal

Status-consciousness

Politeness and ambiguity

Question 14

Importance of Observing
Protocol:

Answer 14

Professionalism
Cultural Sensitivity
Establishing Credibility
Conflict Prevention
Legal and Regulatory Compliance
Brand Image

Question 15

play a crucial role in shaping the
way organizations operate.

set of guidelines and principles that govern decision-
making and actions within a company.

Answer 15

Policies

Question 16

These policies cover a wide
range of areas, including but not limited to:

Answer 16

human resources,
finance,
operations,
marketing,
information technology.

Question 17

is any form of paid non-personal presentation of ideas,
goods, or services for the purpose of including people to
buy.

Answer 17

Advertising

Question 18

The word advertising is derived from the Latin words “Ad” and “Verto”

Answer 18

Ad means “towards” and Verto means “I turn”

Question 19

Types of Advertising:

Answer 19

1. Print Advertising
2. Outdoor Advertising
3. Broadcast Advertising
4. Celebrity Advertising

Question 20

Importance of Advertising:

Answer 20

Build Awareness
Educate Consumers
Boost Your Reputation
Acquire New Customers
Retain Existing Customers

Question 21

refers to activities a company undertakes to promote the buying or selling of a product or service.’

includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company

Answer 21

Marketing

Question 22

4 P’s in Marketing:

Answer 22

Product
Price
Place
Promotion

Question 23

is one of the most crucial principles of marketing. The product can either be a service you provide or goods

Answer 23

Product

Question 24

is the amount that consumers will be willing to pay for a product

Answer 24

Price

Question 25

This is where your products or services are available to the customer, whether this is a shop or an online website, or both

Answer 25

Place

Question 26

This involves raising awareness about your company, brand, products or services offered

Answer 26

Promotion

Question 27

the process of recording all financial transactions to keep track of the cash flow.

Answer 27

Bookkeeping

Question 28

Methods of Bookeeping

Answer 28

Single-entry bookkeeping Double-entry bookkeeping

Question 29

It is a simple and straightforward method

Answer 29

It is a simple and straightforward method

Question 30

An entry is recorded in at least two accounts as a debit or credit.

Answer 30

Double-entry bookkeeping

Question 31

Reason Why Bookkeeping is Important:

Answer 31

Helps You Budget Accurately Keeps You Prepared for Tax Maintains Organised Records Easier to See Business Targets Meeting Government Regulations Gives You Extra Peace of Mind You Learn in the Process

Question 32

Also known as reporting requirements, are information and data that companies must supply to government agencies. All insurance companies of a certain size must adhere to reporting requirements.

Answer 32

Reportorial Requirements

Question 33

is a written or electronic description of a product or service, aiding end users in understanding its characteristics and attributes.

Answer 33

Documentation

Question 34

Benefits of Documentation:

Answer 34

Improve quality and process control Eliminate duplicative work Meets compliance regulations

Question 35

Why Is Code of Ethics Important?

Answer 35

The code of ethics is important since it will serve as a set of rules for each and every individual working for that company. The presence of a code of ethics appears to provide a calm and organized work environment. They are aware of appropriate behavior and actions within the organization. A company code of ethics outlines the company's mission, values and core values. It gives employees a clear understanding of what the rules are, from a legal and law-enforcement perspective, and how to navigate the ambiguities that come with value-based ethics.

Question 36

Example of code of ethics:

Answer 36

Follow the Law Handling Regulatory Issues Value Based Ethics Professionalism Defined When Actions Seem Wrong