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PRELIMS SEM2 > BUS. ETHICS > Flashcards

BUS. ETHICS Flashcards

1
Q

What are the 3 Forms of Business Organization according to ownership

A
  1. SOLE PROPRIETORSHIP
  2. PARTNERSHIP
  3. CORPORATION
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2
Q

What other forms of business?

A
  • COOPERATIVE
  • SOCIO-ECONOMIC DEVELOPMENT
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3
Q

Is the type of business entity owned and operated by a single person. (recognized by the law)

A

SOLE PROPRIETORSHIP

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4
Q
  • Is a business owned by two or more person who contribute resources into the entity.
  • The partners divide the profits of the business among themselves. (under Civil Code)
A

PARTNERSHIP

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5
Q

Is an enterprise chartered by law with most of the legal rights of a person including to conduct a business, to own and sell property, to borrow money, to sue and be sued.

A

CORPORATION

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6
Q
  • Is a business organization that has a separate legal personality from its owners.
  • Ownership in a stock corporation is represented by shares of stock.(under Corporation Code)
A

CORPORATION

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7
Q

Is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services.

A

COOPERATIVE

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8
Q

Its purpose is to maintain the social and material well-being of the nation and its people with the aim of achieving the highest possible level of human development.

A

SOCIO-ECONOMIC DEVELOPMENT

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9
Q

You engage into this if you want profits.

A

BUSINESS

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10
Q

This refers to two or more people who work together or do business together.

A

PARTNERS

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11
Q

This is what most businesses aim for.

A

PROFIT

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12
Q

This is another term for the owner of a business.

A
  • PROPRIETOR
  • ENTREPRENEUR
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13
Q
  • Refer to guide what human ought to do, usually in terms of right, obligations, fairness and specific virtue.
  • It is related to issues of propriety rightness and wrongness, what is right in ethical, what is wrong in unethical.
A

ETHICS

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14
Q

Difference of Ethics and Etiquette

A
  • Ethics refers to morality, honesty, and integrity.
  • Etiquette refers to politeness and related social convention
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14
Q

It is a behavior that is socially correct and shows understanding of and care for other people’s feelings.

A

SOCIAL POLITENESS

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15
Q

What are the four types of politeness strategy according to Brown and Levinson?

A
  1. POSITIVE POLITENESS
  2. NEGATIVE POLITENESS
  3. BALD ON RECORD
  4. OFF RECORD
15
Q
  • Are used to straightforwardly address the other person or the hearer to express the speaker’s needs.
  • It is a direct way of communicating without neglecting imposition.
A

BALD ON RECORD STRATEGIES

16
Q
  • A behavior that is respectful and appreciated by everyone.
  • There are many basic manners that everyone should apply in their life.
A

POLITENESS

17
Q

What is the role of politeness in the society?

A
  • HELPS BUILD RELATIONSHIPS
  • FOSTER UNDERSTANDING
  • PROMOTE COOPERATION
18
Q

What are the common synonyms of Polite

A

CHIVALROUS
CIVIL
COURTEOUS
GALLANT

19
Q
  • It is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment.
  • refers to policies and practices related to such things as: Corporate governance
A

BUSINESS ETHICS

20
Q

Nature of Business Ethics

A
  • RULES AND PRINCIPLES
  • VOLUNTARY
  • AVOIDS CHEATING & FRAUD
  • DYNAMIC CONCEPT
  • SOCIAL WELFARE
  • NEW CONCEPT
21
Q
  • Is a set of values, codes, or principles that help people understand the surrounding world and their role in it.
  • These systems can change over time based on shifting societal values and other external stimuli.
A

BELIEF SYSTEM

22
Q

Values and Ethical Considerations: Belief systems often encompass a set of values and ethical principles. These principles can guide entrepreneurs in making decisions that align with their moral compass and contribute to the greater good

A

CONDUCT OF BUSINESS

23
Q

What is the importance of belief system?

A

HELPS PEOPLE INTERPRET THE WORLD AND ACT IN A WAY THAT ALIGNS WITH THEIR BELIEFS

24
Q

What are the major religious groups?

A
  • CHRISTIANITY
  • ISLAM
  • IRRELIGION
  • HINDUISM
  • BUDDHISIM
  • JUDAISM
  • FOLK RELIGIONS
25
Q

Major religion stemming from the life, teachings, and death of Jesus of Nazareth (the Christ, or the Anointed One of God) in the 1st century ce.

A

CHRISTIANITY

25
Q

It is an Abrahamic monotheistic religion, professing that Jesus Christ was raised from the dead and is the Son of God, who came on this earth as the Messiah was prophesied in the Hebrew Bible (called the Old Testament in Christianity) and chronicled in the New Testament.

A

CHRISTIANITY

25
Q

Main belief of Christianity

A

GOD SENT HIS SON TO EARTH TO SAVE HUMANITY

26
Q

Who was the bible written by?

A

SCRIBES (HEBREW: SOFER)

26
Q

3 Major Branches of Christianity

A
  1. ORTHODOX
  2. CATHOLIC
  3. PROTESTANT
27
Q

7 Charactiristics of Christianity

A
  1. SEEL GOD, NOT SIN
  2. FEAR GOD, NOT MEN
  3. LOVE GOD. NOT THE WORLD
  4. BELIEVE GOD, NOT THE DECEIVER
  5. OBEY GOD, NOT YOUR APPETITES
  6. SERVE GOD, NOT SELF
  7. WORSHIP GOD, NOT COMFORT
28
Q

12 ethical principles

A
  1. HONESTY
  2. FAIRNESS
  3. LEADERSHIP
  4. ACCOUNTABILITY
  5. INTEGRITY
  6. COMPASSION
  7. RESPECT
  8. RESPOSIBILITY
  9. LOYALTY
  10. RESPECT FOR THE LAW
  11. TRANPARENCY
  12. ENVIRONMENTAL CONCERNS

PRELIMS SEM2 (6 decks)

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