Summary
Summary NSC purple business studies book - grade 12 notes.
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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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