1. _can be defined broadly as a set of moral principles 1.

Ethics
or values that govern the actions and decisions of 2. Laws and regulations
an individual or group. Church doctrine
2. Enumerate 4 examples of moral principles or Code of business ethics for professional groups
values. Codes of conduct within individual organizations.
3. 10 Characteristics and values associated with 3. Integrity
ethical behavior. Honesty
4. Why is ethical behavior necessary? Trustworthiness& Promise Keeping
5. Conduct that differs from the way they believe Loyalty and confidentiality
would have been appropriate given the Fairness and Openness
circumstances. Caring for others
6. 2 primary reasons why people act unethically. Respect for others
7. A considerable portion of unethical behavior Responsible Citizenship
results from selfish behavior. Pursuit of excellence
8. Extreme examples of people whose behavior Accountability
violates almost everyone’s ethical standards are 4. Own explanation.
drug dealers, bank robbers, and larcenists. 5. Unethical Behavior
9. 6 Principles of Personal ethics 6. Person’s Ethical Standards differ from General
10. 5 Professional ethics Society.
11. 4 Business ethics The person chooses to act selfishly.
12. Common characteristics of all the recognized 7. The person chooses to act selfishly.
professions. 8. Person’s Ethical Standards differ from General
13. 7 Specific Principle of Professional Conduct. Society
14. It is an area of corporate responsibility where 9. Basic Justice, fairness
business are legally bound and socially obligated Respect for the rights of others
to conduct business in an ethical manner. Concern for the right of others
15. Is based on the personal values and standards of Concern for the well-being on welfare of others
each person engaged in business. Benevolence, trustworthiness, honesty
16. What is the main purpose of business ethics? Compliance with the law
17. Enumerate at least 1 special purpose of business 10. Integrity, impartiality, objectivity
ethics. Professional competence
Confidentiality
Professional behavior
Avoidance of potential/apparent conflict of interest
11. Fair competition
Global as well domestic justice
Social responsibility
Concern for environment
12. A responsibility to serve the public
A complex body of knowledge
Standards of admission to the profession
A need for public confidence
13. Service to others
Integrity and objectivity
Professional competence
Solidarity and teamwork
Social and civic responsibility
Global competitiveness
Equality of all professions
14. Business Ethics
15. Business Ethics
16. To help business and would-be business to
determine what business practices are right and
what are wrong.
17. To serve as a standard or ideal upon which
business conduct should be based.
18. What is the scope of business ethics? 18. Economic impact
19. A business has _ on society through the wages it Social impact
pays to its employees, the materials that it buys Environmental impact
from their suppliers and the prices it charges its Impact on Business Managers
customers. 19. Economic Impact
20. The _ of corporate governance contributes to the 20. Social impact
ethical climate of society. 21. Impact on Business Managers
21. The concepts and principles for the ethical 22. To serve the business enterprise and the
conduct in business are relegated to the managers community.
of the business enterprise. Avoid all abuse of executive power for personal
22. Enumerate at least 3 duties of a manager. gain, advantage or prestige.
23. 2 types of misrepresentation. Reveal the fact that his superior whenever his
24. Characterized by omitting adverse or unfavorable personal business of financial interest conflicts
information about the product or service. with those of the company.
25. CHARACTERIZED BY ACTIVELY 23. Direct misrepresentation
MISREPRESENTING SOMETHING. Indirect misrepresentation
26. 7 types of direct misrepresentation. 24. Indirect misrepresentation
27. THE PRACTICE OF MAKING FALSE STATEMENTS 25. Direct misrepresentation.
ON THE LABEL OF A PRODUCT OR MAKING ITS 26. Deceptive Packaging
CONTAINER SIMILAR TO A WELL-KNOWN Misbranding / Mislabeling
PRODUCT FOR THE PURPOSE OF DECEIVING THE False or misleading advertisements
CUSTOMER AS TO THE QUALITY AND/OR Adulteration
QUANTITY OF A PRODUCT BEING SOLD. Weight understatement
28. IT IS THE UNETHICAL PRACTICE OF DEBASING A Measurement understatement
PURE OR GENUINE COMMODITY BY IMITATING OR Quantity Understatement
COUNTERFEITING IT, BY ADDING SOMETHING TO 27. Misbranding or mislabeling
INCREASE ITS BULK OR VOLUME, OR BY 28. Adulteration
SUBSTITUTING AN INFERIOR PRODUCT FOR A 29. False / misleading advertisements
SUPERIOR ONE FOR THE PURPOSE OF PROFIT OR 30. Deceptive Packaging
GAIN. 31. Measurement understatement
29. IS THE ACT OF PUBLISHING, TRANSMITTING, OR 32. Weight understatement
OTHERWISE PUBLICLY CIRCULATING AN 33. Quantity understatement
ADVERTISEMENT CONTAINING A FALSE CLAIM,
OR STATEMENT, MADE INTENTIONALLY (OR
RECKLESSLY) TO PROMOTE THE SALE OF
PROPERTY, GOODS, OR SERVICES.
30. IS PRACTICE PLACING THE PRODUCT IN
CONTAINERS OF EXAGGERATED SIZES AND
MISLEADING SHAPES TO GIVE A FALSE
IMPRESSION OF ITS ACTUAL CONTENTS.
31. THE MEASURING STICK OR STANDARD IS
SHORTER THAN THE REAL LENGTH OR SMALLER
IN VOLUME THAN THE STANDARD. THIS
UNETHICAL PRACTICE IS FOUND IN SELLING
SITUATIONS WHERE THE PRICE OF THE PRODUCT
DEPENDS ON ITS LENGTH.
32. THE MECHANISM OF THE WEIGHING SCALE IS
TAMPERED WITH OR SOMETHING IS
UNOBTRUSIVELY ATTACHED TO IT SO THAT THE
SCALE REGISTERS MORE THAN THE ACTUAL
WEIGHT
33. IN THIS UNETHICAL PRACTICE, THE SELLER GIVES
THE CUSTOMER LESS THAN THE NUMBER ASKED
FOR OR PAID FOR. COUNTING THE PRODUCT
DIFFICULT OR INCONVENIENT
34. Three types of indirect misrepresentation. 34. Caveat emptor
35. NO BUSINESS TRANSACTION IS FAIR WHERE ONE Passive deception
OF THE PARTIES DOES NOT EXACTLY KNOW WHAT Deliberate withholding of information
HE IS GIVING OR RECEIVING IN RETURN. 35. Deliberate withholding of information
36. “LET THE BUYER BEWARE” UNDER THIS 36. Caveat emptor
CONCEPT, THE SELLER IS NOT OBLIGED TO 37. Passive deception
REVEAL ANY DEFECT IN THE PRODUCT OR 38. Persuasion
SERVICE HE IS SELLING. IT IS RESPONSIBILITY OF 39. Urging a customer to satisfy a low priority need for
THE CUSTOMER TO DETERMINE FOR HIMSELF THE merchandise.
DEFECTS OF THE PRODUCT 40. Plain graft
37. BUSINESS IGNORANCE IS A PASSIVE DECEPTION Interlocking directorship
BECAUSE THE BUSINESSMAN IS UNABLE TO Insider trading
PROVIDE THE CUSTOMER WITH THE COMPLETE Negligence of duty
INFORMATION THAT THE LATTER NEEDS TO MAKE 41. Interlocking directorship
A FAIR DECISION 42. Plain graft
38. IS THE PROCESS OF APPEALING TO THE 43. Insider trading
EMOTIONS OF A PROSPECTIVE CUSTOMER AND 44. Negligence of duty
URGING HIM TO BUY A ITEM OF MERCHANDISE HE 45. Claiming a vacation trip to be a business trip.
NEEDS. PERSUASION USED FOR THE SOLE Having employees do work unrelated to the
BENEFIT OF SELLING A PRODUCT WITHOUT business.
CONSIDERING THE INTEREST OF THE BUYER IS Loose or ineffective controls.
NOT ETHICAL. Unfair labor practices.
39. Example of over-persuasion. Sexual harassment.
40. 4 unethical practices of the BOD. Making false claims about losses to free
41. IS OFTEN PRACTICED BY A PERSON WHO HOLDS themselves from paying the compensation and
DIRECTORIAL POSITIONS IN TWO OR MORE benefits provided by law.
CORPORATION THAT DO BUSINESS WITH EACH Making employees sign documents showing that
OTHER. they are receiving fully what they are entitled to
42. THIS IS DONE BY VOTING FOR THEMSELVES AND under the law when in fact they are only receiving a
THE EXECUTIVE OFFICERS HUGE PER DEIMS, fraction of what they are supposed to get.
LARGE SALARIES, BIG BONUSES THAT DO NOT 46. To violate a collective bargaining agreement.
COMMENSURATE TO THE VALUE OF THEIR To interfere with, restrain or coerce employees in
SERVICES. the exercise of their right to self-organization.
43. OCCURS WHEN A BROKER OR ANOTHER PERSON To violate the duty to bargain collectively a
WITH ACCESS TO CONFIDENTIAL INFORMATION prescribed by the Labor Code.
USES THAT INFORMATION TO TRADE IN SHARES
AND SECURITIES OF A CORPORATION.
44. A more common failure of the members o the BOD
than breach of trust.
45. 7 unethical practices of executive officers and
Lower Level Managers. 47. Conflict of interest
46. Enumerate at least 5 unfair labor practices. Dishonesty
47. 2 unethical practices of employees. 48. Conflict of interest
48. Arises when an employee who is duty bound to 49. Taking office supplies home for personal use.
protect and promote the interests of his employer Taking a credit for another employee’s ideas.
violates this obligation by getting into a situation Padding an expense account through the use of
where his decision or actuation is influenced by fake receipts when claiming reimbursements.
what he can gain personally from it rather than 50. Ethical Dilemma
what his employer can gain from it. 51. Obtain the relevant facts.
49. 3 examples of dishonest acts of employees. Identify the ethical issues from the facts.
50. Is a situation a persona faces in which a decision Determine who is affected by the outcome of the
must be made about the appropriate behavior. dilemma and how each person or group is affected.
51. Six-step approach to resolve ethical dilemmas. Identify the alternatives available to the person
who must resolve the dilemma.
Identify the likely consequences of each dilemma.
Decide the appropriate action.