Chapter 5

Question 1

• a refusal to work organized by a body of employees
As a form of protest, typically in an attempt to gain
A concession or concessions from their employer.

Answer 1

STRIKE

Question 2

is the concerted refusal of
employees to perform work their employer has
assigned to them to force the employer to grant
certain demanded concessions, such as increased
wages or improved employment conditions.

Answer 2

work stoppage

Question 3

WORKERS GO ON STRIKES FOR
DIFFERENT REASONS

Answer 3

• Higher Compensation
• Improve the Workplace
• Shorter Working Days
• Stop Wages from going down
• More benefits
• Think that their company has been unfair
• Victimization/discrimination
• Lay offs
• Casual appointment for long
• Instability of service
• Payment less than minimum wages
• Non-compliance with requirements of hygiene and sanitation, health and safety

Question 4

TYPES OF STRIKESe

Answer 4

SIT-DOWN STRIKE
GENERAL STRIKE
SYMPATHY STRIKE
BOYCOT
PICKETING
UNFAIR LABOR PRACTICE STRIKE

Question 5

A strike in which workers show up to
work but refuse to work.

Answer 5

SIT-DOWN STRIKE

Question 6

A strike affecting all areas of labor
force across many industries typically
throughout the entire country of a
large section thereof

Answer 6

GENERAL STRIKE

Question 7

• A strike initiated by workers in one
industry and supported by workers in a
separate but related industry.

Answer 7

SYMPATHY STRIKE

Question 8

The workers may decide to boycott the
company in two ways. Firstly by not
using its products and secondly by
making an appeal to the public in
general. In the former case, the
boycott is known as primary and in the
latter secondary. It is a coercive
method whereby the management is
forced to accept their demands.

Answer 8

BOYCOTT

Question 9

When workers are dissuaded from work
by stationing certain men at the
factory gates, such a step is known as

Answer 9

PICKETING

Question 10

It is where workers report misconduct, most often seen
at work, in order to protect the public. Whistleblowers
can be employees, former employees, trainees, agency
workers or members of Limited Liability Partnerships. The
misconduct must affect, or have the potential to affect,
the public, rather than being a personal grievance.

Answer 10

WHISTLEBLOWING

Question 11

WHISTLEBLOWING complaints typically fall into one of the following categories:

Answer 11

• Threat to an individual’s health and safety
• Real or potential damage to the environment
• Miscarriage of justice
• Breaking the law, which includes contractual
obligations and health and safety regulations
• Criminal offence

Question 12

How Can Whistleblowing Benefit Your
Business?

Answer 12

• Facilitates early detection of fraud within your business.
• Allows you to swiftly put a stop to the wrongdoing and mitigate any risks and repercussions
• Whistleblowers will likely come to you directly instead of approaching external
whistleblowing services.
• When legal action is not required the misconduct can be handled entirely within your business, without being plastered across headlines in a public scandal.
• if you are required to disclose the incident to the authorities, anticipating the public attention allows you to prepare for it

Question 13

How to Implement a Whistleblowing
Culture?

Answer 13

• it is essential that an acceptance and promotion of whistleblowing is observed at every level of the organization, including management.
• Creating a whistleblowing policy is a good place to start.
• A whistleblowing policy is a document compiled by an organization which outlines theirstance on whistleblowing and offers information to workers on the whistleblowing
procedure
• Whistleblowing awareness can be generated through meetings, posters, promotion of
policy, staff training and anything else that gets people talking.
• Whistleblowing training is a vital resource that both raises awareness of and educates
your staff on whistleblowing.
• Regular training allows staff to keep their knowledge up to date and familiarize themselves with the whistleblowing process, thus promoting whistleblowing in your
business.

Question 14

is a document compiled by an organization which outlines their
stance on whistleblowing and offers information to workers on the whistleblowing
procedure

Answer 14

whistleblowing policy

Question 15

can be generated through meetings, posters, promotion of
policy, staff training and anything else that gets people talking

Answer 15

Whistleblowing awareness

Question 16

is a vital resource that both raises awareness of and educates your staff on whistleblowing.

Answer 16

Whistleblowing training

Question 17

allows staff to keep their knowledge up to date and familiarize themselves with the whistleblowing process, thus promoting whistleblowing in your
business.

Answer 17

Regular training

Question 18

is individuals selling products to the
public - often by word of mouth and direct
sales.

Answer 18

Multi-level Marketing (MLM)

Question 19

The main idea behind the MLM strategy is

Answer 19

to
promote maximum number of distributors for
the product and exponentially increase the
sales force.

Question 20

are, however, fraudulent
schemes, disguised as an MLM strategy. The
difference between a pyramid scheme and a
lawful MLM program is that there is no real
product that is sold in a pyramid scheme.

Answer 20

Pyramid Schemes

Question 21

LEGITIMACY

Answer 21

1.Learn more about the company
2.Don’t pay or sign a contract in an “opportunity meeting.”
3.Get this information in writing.

Question 22

by finding and studying the company’s track record. Do an
internet search with the name of the company and words like review, scam, or complaint. Look
through several pages of search results. You also may want to look for articles about the company
in newspapers, magazines, or online

Answer 22

1.Learn more about the company,

Question 23

Take your time to think over your
decision. Your investment requires real money, so don’t rush into it without doing some research
first.

Answer 23

2.Don’t pay or sign a contract in an “opportunity meeting

Question 24

Avoid any plan where the reward for recruiting new
distributors is more than it is for selling products to the public. That’s a time-tested and
traditional tip-off to a pyramid scheme.

Answer 24

3.Get this information in writing.

Question 25

occurs when
another company uses wrong or
deceptive business practices to gain a
competitive advantage.

Answer 25

Unfair Competition

Question 26

FORMS OF UNFAIR COMPETITION

Answer 26

• Bait-and-switch selling technique, such as substituting a lower-cost product from a different
brand for a more expensive, higher-quality product.
• False advertising or making false claims about a product to promote it.
• Misappropriation or use of confidential information, such as stealing a competitor’s special
formulation or other trade secrets.
• Trade dress violation, or copying the physical appearance of a product and/or packaging
in the attempt to fool a customer into buying it.
• Trademark infringement.
• Breach of a restrictive covenant, such as a non-compete clause.

Question 27

FORMS OF UNFAIR COMPETITION

Answer 27

• False representation of services or products, such as exaggerating the capabilities of a
product.
• Reverse passing off, or misrepresenting the source of a product by failing to inform the
public who created it.
• This often happens when a company removes the mark from a product and then sells it.
• Unauthorized substitution of one brand of goods or products for another.
• Trade libel/slander or rumormongering, such as written or verbal communications that
would ruin or harm a company’s reputation in the industry.
• In order to qualify as trade libel/slander, the false communication must decrease the
confidence, respect, or regard in which your business or product is held. Trade defamation is
typically a civil matter, although in serious cases, it can become a criminal matter.
• Imitation or counterfeiting.
• Below-cost selling.

Question 28

is the practice of
receiving illegally acquired funds and
then passing them off as money obtained
from legal sources.

Answer 28

Money laundering

Question 29

STAGES OF MONEY LAUNDERING

Answer 29

Placement.
Layering.
Integration.

Question 30

The first and most vulnerable stage of laundering money is _______. The
goal is to introduce the unlawful proceeds into the financial system without attracting the
attention of financial institutions or law enforcement.

Answer 30

Placement.

Question 31

involves moving funds around the financial system, often in a complex series of transactions to
create confusion and complicate the paper trail.

Answer 31

Layering.

Question 32

Once the
funds are in the financial system and insulated through the layering stage, the integration
stage is used to create the appearance of legality through additional transactions. These
transactions further shield the criminal from a recorded connection to the funds by
providing a believable explanation for the source of the funds. Examples include the
purchase and resale of real estate, investment securities, foreign trusts, or other assets.

Answer 32

Integration.

Question 33

an illegal method by which you
can circumvent the tax that you pay. It is a
fraudulent activity by which you reduce the
income that you report or inflate the amount of
expenses

Answer 33

TAX EVASION

Question 34

a legal method by which you can reduce your tax liability. Tax avoidance entails using loopholes in
legislature, or undertaking various other activities by which you can reduce the amount that you
owe in taxes.

Answer 34

TAX AVOIDANCE

Question 35

Any of the following activities that you undertake
can be considered as an attempt of tax evasion:

Answer 35

• Making false statements about your income or
expenses
• Hiding relevant documents
• Not maintaining complete records of the
transactions
• Concealing income
• Overstatement of tax credit
• Presenting personal expenses as business expenses
• Tax evasion is considered a crime in all parts of the
world, punishable by law.

Question 36

Examples of Tax Evasion

Answer 36

• Not reporting foreign income is tax evasion. For instance, if you have rental property that is outside India, not reporting this income will constitute tax evasion.
• Failure to report income generated from
cryptocurrencies is tax evasion.
• Not reporting income generated through all-cash transactions is considered tax evasion.
• If you undertake criminal activities, such as drug sales or running a brothel, you may not report this income. This is tax evasion.
• Making fake reports or false financial statements is also a form of tax evasion.
• If you pay a bribe to a tax official to hide your financial statements, that is a form of tax evasion.

Question 37

Examples of Tax Avoidance

Answer 37

• Investing in financial instruments that enable you to save taxes is a form of tax avoidance.
• You could claim various deductions such as
interest on home loan, premiums on medical
insurance, loan for education, etc. These are
methods of tax avoidance.
• Donating to a charitable institution or a political party to claim deductions is tax avoidance.
• Using a financial planner to invest and claim
deductions is a way of tax avoidance.

Question 38

• An action taken by an employer, that is
believed to be inimical to the interest
of an employee organization

Answer 38

• UNFAIR LABOR PRACTICE STRIKE