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Espiritu
12 Armani
1. What is the code of ethics of your small business enterprise? Enumerate and explain.
The staff and all the members of the organization must uphold the following values and
practice what is stated:
a. Professionalism
Always practice proper decorum. Be professional and act civil.
i. The business may be peer-operated but this is a virtue that the student
entrepreneurs must uphold. The Entrep Bazaar gave us an opportunity to
put into practice what we are learning in our course subjects and it creates
an environment that would really give us a sense of professionalism.
b. Honesty
Be truthful, trustworthy and honest at all times with regards to all business
transactions.
i. “Honesty is the best policy” as what others might say. Indeed, it is,
especially in the business industry where handling of money is a top
concern. The financial allocation for a certain product should be the same
as the exact price it was bought. If the budget exceeds, the change should
be returned to the financial manager; Receipts should always be presented
after buying goods for production.
c. Trust
Trust the members of the organization and avoid hasty accusations.
i. Trust is the main foundation of putting up a small business with lots of
business partners. It is a need when it comes to doing a group work. An act
will only be successful if it is done with trust. Also, it provides a motivation
for each member because no one is doubting them.
d. Practicality
Be practical in terms of financial management; practice wise allocation of resources
and avoid buying overpriced products.
i. The mantra of our business enterprise was “Less gastos, more kita”.
Practicality is a must when putting up a business because the goal is to gain
profit. We aimed to maximize the resources we have and generate larger
profit through it.
e. Respect
Respect the customers, your workmates and your leader; respect everyone.