chapter 4

Question 1

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

Answer 1

ethics

(Human)

Question 2

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

Answer 2

ethics

Question 3

_______ is what guides us to tell the
truth, keep our ______, or help
someone in need.

Answer 3

ethics

(promises)

Question 4

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

Answer 4

business ethics

(working)

Question 5

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

Answer 5

business ethics

Question 6

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

Answer 6

business ethics

Question 7

simply a situations a problem or even an _____________ hat requires thought, discussion or investigation to make a decision

Answer 7

ethical issue

(opportunity)

Question 8

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

Answer 8

sexual harassment

(repeated)

Question 9

types of sexual harassment

Answer 9

physical
verbal
non-verbal communication

Question 10

The conduct was unwelcome

Answer 10

sexual harassment

Question 11

The conduct was severe, pervasive, and regarded by claimant as ______ /offensive

Answer 11

sexual harassment

(hostile)

Question 12

The conduct was such that a reasonable person would find it hostile or offensive

Answer 12

sexual harassment

Question 13

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

is the legitimate fruit of
______”.

Answer 13

just wage

(labor)

Question 14

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)

Answer 14

just wage

Question 15

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

Answer 15

family wage

Question 16

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

Answer 16

Living wages

(Minimum)

Question 16

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

Answer 16

living wages

(poverty)

Question 17

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

Answer 17

minimum wage

(Legally)

Question 18

• Measured in terms of actual
  purchasing power
  ( Inflation).
• show the value of wages adjusted for _______

Answer 18

real wages

(inflation)

Question 19

Measured in terms of money paid, not purchasing ______.

Answer 19

Nominal Wages

(power)

Question 20

wage is the rate of the employees are
compensated.

• Ex. If you are paid 73 pesos per hour, your nominal wage is 73 pesos
  per hour.

Answer 20

NominalWages

Question 21

the wage rationalization act declared the policy of the state to rationalize the ______ of minimum wages and to promote __________ improvement and gain a sharing ________ to ensure a decent standard of living for the workers and their families.

Answer 21

REPUBLIC ACT 6727
WAGE RATIONALIZATION ACT OF 1989

(fixing)
(productivity)
(scheme)

Question 22

refers to the supply and demand for labor and so-called _________ conditions and _____________.

Answer 22

External Market Factors

(economic)
(underemployment)

Question 23

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

Answer 23

Laws and Regulations

Question 24

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

Answer 24

Cost of Living

(cost of living)

Question 25

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

Answer 25

Prevailing Industry Rate

Question 26

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.

Answer 26

Organizational Factors -

Question 27

• 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.

Answer 27

job Factors

Question 28

• the trend suggests that __________________ or productivity ratings affect the determination of wage/salary increases.

Answer 28

Individual Performances

Question 29

is the practice of offering something to gain an _____ advantage

Answer 29

bribery

(illicit)

Question 30

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

Answer 30

GIFT-GIVING

Question 31

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

Answer 31

THE MORALITY OF ADVERTISING

Question 32

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

Answer 32

THE MORALITY OF
ADVERTISING

(Companies)

Question 33

In Morality of Advertising

Do not use _____ advertisement to entice people.

Do not use ________ advertisement.

Answer 33

THE MORALITY OF
ADVERTISING

(false)
(offensive)

Question 34

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

Answer 34

TRADE SECRETS

Question 35

Is the process of making facts or information known to the public. Proper disclosure by corporations is the act of making its customers, investors, and any people involved in doing business with the company
aware of pertinent information.

Answer 35

CORPORATE DISCLOSURE

Question 36

liability occurs when the manufacturer or seller of a defective
product allows that defective product to get into the hands of a consumer.

Answer 36

PRODUCT MISREPRESENTATION

Question 37

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.

Answer 37

CAVEAT EMPTOR-

Question 38

When a manufacturer or seller misrepresents a product, that misrepresentation can be the basis for a product liability action.

Answer 38

Product misrepresentation