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