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Ethices Reviewer

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16 views

Ethices Reviewer

Uploaded by

fernandezcarljhelou
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BESR – QUARTER 4 Employee -A person who is hired by the contracting

Good business reason for a strong commitment to parties or an individual after an application and interview
ethical values: process results in his or her selection.
 Ethical companies have been shown to be Employer - is an authority which employs and pays
more profitable. individual who are in contract for their labor. It may be
 Making Ethical choices results in lower stress an individual person, or it may be a company
for corporate managers and employees. representing many people.
 Ethical behavior enhances leadership. Benefits - It is an indirect, non-cash, or cash
Responsibilities of an entrepreneur toward his/her compensation paid to an employee above and beyond
employees: regular salary or wage.
High employee retention rate- is the benefit of
practicing good business ethics.
 Respect human rights Inform about changes in market - entrepreneurs have
 Give rewards and Benefits the responsibility to provide regular information to the
 To give security and employment suppliers regarding changes happening in the demand
 Instructs them on how to use their money of the commodities in domestic or in foreign markets.
wisely
Philanthropy
Relations with owners and shareholders -Business -is the responsibility of the company to give
must be first responsible to their owners who are back to society.
primarily concerned with earning profit or a return on -is giving money and time to help make life
investment in a company. better for other people.
Ethical responsibility
Pay wages/salaries and taxes – responsibility of an
entrepreneur to pay their employees of their business at -model of social responsibility follows moral
least the minimum hourly wage in their locality. and ethical values to deal with all stakeholders.
-is an obligation to do what is right, just, and
Payment of taxes - responsibility of the entrepreneurs fair actions.
to pay taxes to the government.

Enforce anti-discrimination law - responsibility of an


entrepreneur in which employees cannot be Ethical-is important for the company to act on the
disadvantaged, dismissed, or not given employment for grounds of ethics and morals in society and should also
any mentioned. go beyond the narrow requirements of the law and
The right to choose- competition is encouraged so the order.
consumers can choose the best product. Responsibility - refers to the duty or obligation to
Current - we need to know more about the current work satisfactorily perform or complete a task (assigned by
to judge whether this part of the action plan is up-to someone, or created by one’s own circumstances) that
date. one must fulfill, and which has a consequent penalty for
failure.
Ways to help us achieve financial freedom: Accountability – is the obligation to demonstrate that work
 Set Life Goals has been conducted in compliance with agreed rules and
 Make a Budget standards or to report fairly and accurately on performance
 Live Below Your Means results vis-à-vis mandated roles and or plans.

Economic - is the lowest level of the pyramid


represents a business’s first responsibility, which is to be
profitable.
Unfair Competition- is a situation in which competitors
compete on unequal terms because favorable or
disadvantageous conditions are applied to some
competitors but not to others or characteristics of
competitor’s products.
Fraud - consists of dishonest and illegal activities
perpetrated by individuals or companies in order to
provide an advantageous financial outcome to those
persons or establishments.

Attainable goals should be realistically attainable


within the frame of time and resources.
Action Plan- is a way to make sure your organization’s
vision is made concrete road map that outlines the path
between the current situation and the goal to be attained
Propaganda- CSR activities are focus primarily on
building a company’s reputation with little real benefit to
society
Pet Projects- reflects the personal interests of individual
senior executives.
Salary- Its payment usually of money for labor or
services usually according to contract and on an hourly,
daily, or piecework basis.
Archie Carroll - developed the pyramid of social
responsibility.

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