SOCIAL RESPONSIBILITIES OF BUSINESS ENTITIES: A BASIC STEP FOR POVERTY ALLEVIATION

The study made use of a descriptive method to assess the practices of the business sector of their responsibilities and participation to their internal and external environment in the two adjacent barangays of Tabuk City, Philippines. The study described the data gathered from the respondents. There were 35 business establishments participated in the study through their responses to the questionnaire. The objectives are: To determine the profile of the respondents; to determine the level of practices of business owners toward their social responsibilities to their employees and the consumers; to the level of participation of the business establishments; and to identify what project do respondents want to extend to the community. The study found that: 1. Most of the businesses capital is categorized as small capital. Fifty-one 51% or 18 business owners have small capital, 46% or 16 of the businesses (the respondents) have an average income. The practice of the businesses on the social responsibilities towards their employees was described as? often practice; and there is no significant relationship between the tax due and the practice of the respondents on their social responsibilities;As to the assessment of the respondents for their participation towards their responsibilities to the community, the table shows that they noted as ?often participated? or most of the respondents noted that they often practice the different responsibilities towards the community. The table reveals that 54% or 19 of the respondents most wanted to sponsor a scholarship program for those students who want to engage as self- supporting, student aid, and interns.