Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Good Governance > Chapter 4 > Flashcards

Chapter 4 Flashcards

1
Q

Is a branch of philosophy that prescribes and guides acceptable
human conduct.

A

Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Is the study of morality (examines
what is morally right or wrong).

A

Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

guides us to tell the truth, keep our promises, or help someone in need.

A

Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Rules and principles, and standards
of deciding what is morally right or
wrong when working.

A

Business Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

It refers to the implementation of
appropriate business practices and
policies in the workplace

A

Business Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

It is the study of ethics with a
particular focus on business.

A

Business Ethics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

simply a situation, a problem, or even an opportunity that requires thought, discussion, or investigation to make a decision.

A

Ethical issue

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Importance of business ethics

A

• Avoid legal and regulatory problems
• Attracts and retains a strong customer base
• Maintains a talented workforce
• Payoff in steady or increased revenues
• Increase trust in products and services
• Brand recognition and growth

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

is a repeated, unwanted behavior of a sexual nature perpetrated upon an individual by another.

A

Sexual Harassment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

3 TYPES OF SEXUAL HARASSMENT

A

•Physical
•Verbal
•Non-Verbal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

To avoid sexual misconduct, a firm needs:

A
  • Statement of policy
  • Definition of sexual harassment
  • Non-retaliation policy
  • Specific procedures for prevention
  • Establish, enforce, and encourage victims to report
  • Establish a reporting procedure
  • Timely reporting requirements to the proper authorities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

characteristic of sexual harassment

A
  • The conduct was unwelcome
  • The conduct was severe, pervasive, and regarded by claimant as hostile/offensive
  • The conduct was such that a reasonable person would find it hostile or offensive
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

types of wage

A
  • Just Wage
  • Family Wage
  • Living Wages
  • Minimum Wage
  • Real Wages
  • Nominal Wages
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

defined as the remuneration which is enough to support the wage-earner in reasonable and frugal comfort.

A

just wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

is the legitimate fruit of labor

A

just wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

as an amount needed to support a thrifty and upright worker plus his family, and prescribed that it must be sufficient enough to allow the
worker to save and acquire property of
his own.( Pope Leo XIII)

A

just wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

The amount of money that the worker needs to provide for the needs of
the family.

A

family wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Minimum hourly wage necessary for a person to achieve some specific
standard of living.

A

living wages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

The goal of a _________ is to allow employees to earn enough income for a
satisfactory standard of living and to prevent them from failing into poverty.

A

living wage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Minimum rate of a
worker can legally be paid
as set by the statute or
government.

A

minimum wage

19
Q

Measured in terms of actual
purchasing power
( Inflation).

A

real wages

20
Q

show the value of
wages adjusted for inflation

A

real wages

21
Q

Measured in terms of
money paid, not purchasing
power.

A

nominal wages

22
Q

rate of employees are compensated

A

nominal wages

23
Q

declared the policy of the state to rationalize the fixing of minimum wages and to promote productivity-improvement and gain-sharing scheme to ensure a decent standard for the workers and their families

A

wage rationalization act

24
Q

wage rationalization act

A

republic act 6727
(wage rationalization act of 1989)

25
Q

common issues on wages

A
  • The minimum wage mandated by the government is not a guarantee of a just and fair wage.
  • Organizations and businesses usually conclude that they are legally and morally right when they fulfill their ‘mutual agreement’ with the employees.
  • Geographic differences hinder the formulation of a perfectly common definition of fair wage.
  • Wage indexation to cost of living, where wage is automatically adjusted with the increases of cost of living, is not usually met by majority of the employers.
  • Companies have different interpretations of the justifiable pay for certain job positions, skills and tasks.
  • The Law of Supply and Demand on labor.
  • Inflation Rate.
26
Q

Factors to Consider in the Formulation of Fair Wages

A
  1. External Market Factors
  2. Laws and Regulations
  3. Cost of Living
  4. Prevailing Industry Rate
  5. Organizational Factors
  6. Job Factors
  7. Individual Performances
27
Q

the trend suggests that individual performances or productivity
ratings affect the determination of wage/salary increases.

A

Individual Performances

28
Q

the nature of the job itself entails the formulation of a just wage. Duties,
responsibilities, and the skill requirements of the job are probably the most considerable determinants of fair wage.

A

Job Factors

29
Q

assessment on what type of industry the organization operates, the
size of the company and the organization’s profitability to justify its ability to provide fair wages to
its workers should be considered.

A

Organizational Factors

30
Q

some claim that paying workers the average of what other companies
are paying for the same job results in a fair wage.

A

Prevailing Industry Rate

31
Q

the cost of living relates to basic maintenance needs and it must be seriously considered in the formulation of wages.

A

Cost of Living -

32
Q

workers should be paid in accordance with laws and regulations issued
by the government. It requires that employers pay at least the minimum wage.

A

Laws and Regulations

33
Q

refers to the supply and demand for labor and so-called economic conditions and underemployment.

A

External Market Factors -

34
Q

is the practice of offering something to gain an illicit advantage

A

bribery

35
Q

is an act of extending goodwill to an
individual in an effort to share something with particulars to others.

A

gift-giving

36
Q

common forms of gift-giving

A

-samples
-premiums
-tie up promotions
-allowance
-tips
-free goods
-prizes
-coupon
-certificate

37
Q

Providing customers with fair
knowledge of what they are trying to
achieve with their company mission and
vision.

A

the morality of advertising

38
Q

Companies need to show they have
morals when advertising to consumers
because that makes consumers’ feel like
the company cares about what they
need.

A

morality of advertising

39
Q

Do not use false advertisement to entice
people.

A

morality of advertising

40
Q

Do not use offensive advertisement.

A

the morality of advertising

41
Q

problem of fair pricing

A
  1. The cost of the product is
    concealed.
  2. Suggested Retail Price.
  3. Promotional Pricing
  4. Follow the leader pricing.
  5. Price Gouging
  6. Price Fixing
42
Q

Is a about company’s activities or assets that would significantly affect
company’s competitive advantage.

(e.g. secret food recipes)

A

TRADE SECRETS

43
Q

Is the process of making facts or
information known to the
public.

A

corporate disclosure

44
Q

is the act of
making its customers, investors,
and any people involved in doing
business with the company
aware of pertinent information.

A

proper disclosure by corporations

45
Q

liability occurs when the manufacturer or seller of a defective
product allows that defective product to get into the hands of a consumer. When a manufacturer or seller
misrepresents a product, that misrepresentation can
be the basis for a product liability action.

A

PRODUCT MISREPRESENTATION

46
Q

describes the concept in contract law that places the burden of due diligence
on the buyer of a good or service.
Buy at your own risk.

A

CAVEAT EMPTOR-

47
Q
A

Good Governance (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions