Work Ethics and Personal Finance Practices of Business Managers in a City of Central Visayas, Philippines

Work ethics and personal finance practices are essential ingredients for the success of a business venture, and both are voluntary. These factors are crucial for businessmen and women as they engage in business activities beyond the formal obligations of business managers. This study aims to assess the work ethics and personal finance practices of business managers. The study had a total population of 777 registered business managers, with a sample size of 258 respondents. The respondents consisted of business managers. A descriptive comparative-correlational design was utilized, using an adapted, modified, validated, and reliable survey questionnaire. Collectively, all variables in the different categories received a verbal description to a very great extent. There was no significant difference in work ethics and personal finance practices when considered collectively or when grouped according to age, sex, civil status, educational attainment, years in business, and ownership. The results showed that business managers exhibited a very high level of work ethics and personal finance practices. Furthermore, the study found a significant relationship between work ethics and personal finance practices. It was concluded that the work ethics and personal finance practices of business managers are of a very high degree, regardless of the various challenges they face in their business activities.