Chapter 6 business notes
Ethics
Ethical /Unethical behaviour in practice:
o conflict of interest
o Bribes and corruption
o Unauthorised use of funds
o Inappropriate gifts
o Sexual harassment
o Unfair Employment / advertising
labour issues
o Pricing of goods
o Piracy Counterfeiting/
Bootlegging Taxation
o Whistleblowing
o Insider trading"
What is Ethics:
Ethics is what is seen as right or wrong in the eyes of the business.
Codes
o Ethics code – what to do and what not to do.
o Code of conduct - values and beliefs.
o Professional code – aim to regulate the behaviour of
people participating in a particular profession.
Ethical theories:
o Principle-based theory
o Consequence-based theory
o Utilitarian theory
Ethics
Ethical /Unethical behaviour in practice:
o conflict of interest
o Bribes and corruption
o Unauthorised use of funds
o Inappropriate gifts
o Sexual harassment
o Unfair Employment / advertising
labour issues
o Pricing of goods
o Piracy Counterfeiting/
Bootlegging Taxation
o Whistleblowing
o Insider trading"
What is Ethics:
Ethics is what is seen as right or wrong in the eyes of the business.
Codes
o Ethics code – what to do and what not to do.
o Code of conduct - values and beliefs.
o Professional code – aim to regulate the behaviour of
people participating in a particular profession.
Ethical theories:
o Principle-based theory
o Consequence-based theory
o Utilitarian theory
