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Summary Business Studies
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These notes are taken from Grade 12 Consumo Business Studies Learner Book. They have really helped me. They are not in depth but explain everything that is need from chapter 1-6. You must make reference to your textbook in order to achieve the best marks, if you see a mistake on the print out on yo...

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  • November 21, 2021
  • 3
  • 2021/2022
  • Summary

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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

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