BC: GOOD GOVERNANCE AND SOCIAL RESPONSIBILITY
RA 7877
"Act Declaring Sexual Harassment Unlawful in the Employment, Education or Training Environment, and for other purposes
myths in business
"Business ethics and social responsibility are the same thing" is an example of
promotional pricing
"Sale" items that manipulate consumers in buying products that are thought to be cheaper
Myths
A widely held false belief or idea
wrong motive and personal interest
Business is a good human activity but what makes in a bad activity is
ethics
In business environment, it is a key factor in decision making
myths
Involves historical events and supernatural beings
economic activity
Keeping yourself engaged to earn something in return
ethics
Moral codes that govern behavior of a person or group of people
whistleblowing
Reporting unethical or illegal activities within an organization to external authorities
service
Service or Goods Consumers Participate in production
Works contract Tax
Taxability under State/Central Act Commercial dealing in Goods On "deemed sales"
entry tax or octroi
Taxability under State/Central Act Commercial dealing in Goods On entry of goods to local area
VAT/Sales Tax
Taxability under State/Central Act Commercial dealing in Goods On sale of goods
customs duty
Taxability under State/Central Act Commercial dealing in Goods on imports
Excise Duty
Taxability under State/Central Act Commercial dealing in Goods on manufacturing
service tax
Taxability under State/Central Act Commercial dealing in Services On providing services and receipt of payment
insider trading
Trading stocks based on confidential information not available to the public
Service
Transfer of ownership cannot take place
False
True or False: It is ethical for businesses to pay employees the minimum wage even if they can afford to pay more.
false
True or False: Sexual harassment can only occur between individuals of different genders.
False
True or false. Ethical companies are more likely to achieve government funding and local funds
sexual harassment
Unwanted sexual advances or conduct that creates a hostile work environment is an example of
Republic Act 6727
Wage rationalization Act
doing follows thinking
______ follows _______
economic
a science that deals with the study of wages, labor, production, and distribution of wealth
Ethics
affects how people live their lives and make decisions
ethics
aimed at conforming to an accepted standard of good behavior
deceptive advertising
also called false advertising
profit motive
an incentive that encourages entrepreneurs to take business risks in the hope of making a profit
short measuring
an unethical observed in products that depends on length/volume
money laundering
any financial transaction which generates an asset or value as the result of an illegal act
Employees, HR, and senior managers
are responsible for ethics in an organization
profit
business's reward for successfully providing goods and services that satisfy consumers' demands
direct misrepresentation
characterized by actively misrepresenting something about the product or service.
art
concerned with the use of imagination to make things of aesthetic significance
professionalism
conduct that characterizes a profession
ethics
deals with morality
sociology
deals with the study if social order
education
defined as an instructor or training by which people pearnctocdevelop and use their mental, moral, and physical powers and abilities
law
defined as crystallized ethics
False
describing a company as 'good' means that they are an ethical company
logic
focused on not misleading a person and giving him correct information
nepotism
giving favors to relatives and close friends
Internet
has made the link between technology and ethics much complex
Technology
has many implication for business ethics
business ethics issues
healthy eating relating to sugar and salt consumption, food packaging waste, and supply chain CO2 emissions are all examples of what
truthfulness
involves steering learners in navigating life and their environment
profit
is a concept that guides a business
Morality
is a set of rules that shapes our behavior in various social situations. It is more sensitive in doing good instead of bad, and therefore, it establishes a level of standard for virtuous conduct.
Business Ethics
is a set or moral principle and standard that guide the way a business behaves
business
is an economic activity of production and distribution of goods and services
trading
is the basic activity of any business
Business Ethics
is the study of what is right and wrong human behavior and conduct in business
FAIRNESS
it involves in particular promoting equality and non-discrimination and avoiding favoritism
dignity
it means respect for humanity
trade secrets
legal term for confidential business information
human conduct
material object of ethics
favoritism
occurs when a person in a position of authority shows undue preference or bias toward one or more employees, typically without a clear or justifiable reason.
professional
participating for gain in an activity not engaged in by amateurs
ethics
people oriented
etiquette
polite and proper way to behave
follow the leader pricing
pricing done to purposely make the buyers believe that what is being sold is the same as the well-known brand
religion
refers to the service and worship of God and other object
ethics
related to other science because it also deals with the investigation of the nature of man as a rational being
professional
relating to or characteristics of a profession
whistle blowing
release of information by a member or former employee of an organization that is evidence of illegal/immoral conduct
psychology
scientific study of mental and behavioral characteristics, associated with a particular kind of behavior
psychology
studies how man behaves
ethics
studies how man ought to behave
logic
studies the process of correct and organized thinking
ethics
study of correct action or doing
piece-rate system
system of wage payment in which the workers are paid on the basis of the units of output produced
time rate system
system of wage payment in which the workers are paid on the basis of time spent by them in the factory
short changing
taken directly from a situation where the seller gives the customer less than the change he should get
price gouging
taking advantage of an economic situation
logic
task oriented
February 14, 1995
the RA 7877 was approved on what date
MISLABELING/MISBRANDING
the act of copying a product's design to the closest possible way of giving an impression that it is the same with leading brand
morality
the focus and locus of ethics is to study man's nature and his behavior from the standpoint of ________
short weighing
the most common type of direct misrepresentation wherein sellers do not give the right weight in order to deceive the consumers
deceptive packaging
the objective is to create an impression wherein the buyers or the end users will see the improvement, either by size or by weight without any change in the prize
moral reasoning
the process in which an individual tries to determine the difference between what is right and what is wrong in a personal situation by using logic is called
perfect the moral character in man
the purpose of education is to
short numbering
the seller gives the consumer the quantity by piece of the product less than the number he has paid for
Business Ethics
the study of business situation, activities and decisions where issues of right and wrong are addressed
ethics and morality
the terms________ and _________are often used interchangeably in the context of this micro-course
Adulteration
the unethical practice of corrupting a genuine commodity by imitating or adding something to increase its bulk or volume or even by substituting a superior product for an interior one to gain profit
misleading advertising
the use of false or misleading statements in advertising
moral order
there is no social order if there is no _____
True
true or false. "ethics around medical technologies can be particularly challenging"
False
true or false. Business ethics is concerned with the study of assessing the activities of a business based on their profitability
trustworthiness loyalty respect for others adherence to the law doing good and avoiding hard to others accountability
universal ethical principles that apply across all professions
gothika filipina 2
was pulled out an international exhibit need to cover the offending area
responsibility and freedom
we are entitled to our own values
RA 7394
what republic act protects the consumers from trade malpractice, and specifies the rights of consumers and the responsibilities of sellers, producers, retailers, distributors, and manufacturers
self-dealing
when someone acts in their own interest rather than the interest of the organization
c. to enhance global relationship
which is not a reason a business engages in business ethics? a. to recover a company's image after a notorious business scandal b. to avoid loss of a good corporate image or being sued for misconduct c. to enhance global relationship d. to enhance stakeholders relationship
exaggerations on the advertisement
which of these business practices would be considered an unethical business practice because it is unfair? having a sale to convince people to shop to you buying out another company exaggerations on the advertisement spending more money that your competitor on advertising
regional tripartite wage and productivity boards
who determine the wage rates in different regions