DIRECTIONS: Answer the questions briey and concisely. Plagiarism and cheating are not allowed. These actions, if committed, will constitute to a ZERO score. 1. Why is business ethics necessary in an organization or business institution? ('10 POINTS} ANSWER: 2. Give two (2) major ethical issues that business in the Philippines face today? Briey explain the effects of these issues. {'10 POINTS EACH) ANSWER: MAJOR ETHICAL ISSUE 1: EFFECT: MAJOR ETHICAL ISSUE 2: EFFECT