Summary
Summary Business Studies Chapter 2
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i got an A on my finial report in November in grade 11 using these notes. the whole of chapter 2 is summarised
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Chapter 2Professionalism and Ethics
Some ethical issues in the corporate world
1. Conflict of interest (A supervisor has a relative or close friend
who reports to them which affects their job responsibilities,
salaries and promotions)
2. Bribes, corruption (Misuse of public power) and inappropriate
gifts
3. Sexual harassment
4. Unauthorised use of funds (Forged signatures, skimming)
5. Tax evasion (dosnt disclose all income to SARS)
6. Unfair advertising (False labelling, hidden fees, Bait and
switch, misleading illustrations, miss using the word free,
fillers)
7. Employment/labour issues (stealing from company)
8. Pricing of goods (Mark ups in rural areas)
9. Insider trading ( buying and selling shares on the stock
exchange with advantage of having insider access to
confidential information)
10. Piracy (duplication of products)
11. Counterfeiting and bootlegging (copying or imitating a
product, and the illegal distribution of it)
12. Firing an employee for whistleblowing
13. Spreading confidential information or trade secrets
14. Terminating employment without following proper procedure
15. Attempt to rectify past moral injustices
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