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Summary NSC purple business studies book - grade 12 notes. R75,00   Add to cart

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Summary NSC purple business studies book - grade 12 notes.

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  • September 12, 2021
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Ethical issues on the corporate world:

1. Conflict of interest

- a disruption where an individual or business in involved in multiple interests and serving
one interest could involve working against another


Eg:

1. A manager dating an employee who reports to him or her


2. Bribes, corruption and inappropriate gifts

- when a fist is inappropriately large and give to persuade someone to act on one's favour

- corruption is the misuse of public power

- inappropriate gifts may be linked to sexual harassment


3. Sexual harassment

- unwelcome sexual advances, both physical or verbal

- includes sexual comments, messages or any form to make the recipient feel
uncomfortable


4. Unauthorised use of funds

- fraud invoices
- Forged signatures
- Unauthorised electronic payments
- Skimming accounts


5. Tax evasion

- tax evasion is when a person does not do close all income or lies about income to SARS


6. Unfair advertising

, - false labelling = incorrect info is pot on product labels

- hidden fees = these are extra fees which are not specified in adverts

- misusing the term free

- fillers = injecting meat to make it weigh more to pay more

- misleading illustrations

- bait switch = this is advertising one product and substituting a similar product at a higher
price claiming that the advertised product is sold out


7. Employment/ labour issues

- internet, email and cell phone issues
- Employees visiting pornorgaorghy and other websites at work
- Spreading false rumours
- Stealing from company

8. Pricing of goods

- as demand is high and customers have few other options = markups are very high

- the consumer protection act makes it illegal to inflate price in rural areas


9. Insider trading

- is the illegal practice of buying and selling shares on the stock exchange with the
advantage of having a insider access to confidential information

10. Piracy

- the unauthorised and illegal duplication of products protected by copyrights


11. Counterfeiting and bootlegging

- counterfeiting is the act of copping a product and seeking it as an original

- bootlegging is the illegal distribution of a product eg: alcohol

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