chapter 5 Flashcards
- 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.
strike
- A work stoppage; 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.
strike
- 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
examples of _____________
strikes
A strike in which workers show up to work but refuse to work.
SIT-DOWN STRIKE
A strike affecting all areas of labor
force across many industries typically throughout the entire country of a large section thereof
GENERAL STRIKE
A strike initiated by workers in one
industry and supported by workers in a separate but related industry.
SYMPATHY STRIKE
An action taken by an employer, that is believed to be inimical to the interest of an employee organization
UNFAIR LABOR PRACTICE STRIKE
The workers may decide to ________ the company in two ways. Firstly by not using its products and secondly by making an appeal to the public in general.
BOYCOT
In the former case, the _______ is known as primary and in the latter secondary.
It is coercive method whereby the management is forced to accept their demands.
BOYCOT
In the former case, the _______ is known as primary and in the latter secondary.
It is coercive method whereby the management is forced to accept their demands.
BOYCOT
When workers are dissuaded from work by stationing certain men at the factory gates, such a step is known as ___________.
picketing
If ____________ does not involve
any violence, it is perfectly legal
picketing
It is where workers report misconduct, most often seen
at work, in order to protect the public.
Whistleblowing
The misconduct must affect, or have the potential to affect,
the public, rather than being a personal grievance.
Whistleblowing
_______________
can be employees, former employees, trainees, agency
workers or members of Limited Liability Partnerships.
Whistleblowers
WHISTLEBLOWING complaints typically fall into one of the
following categories:
- ___________ to an individual’s health and safety
- Real or potential ______ to the environment
- Miscarriage of ______
- Breaking the ____, which includes contractual obligations and health and safety regulations
- _______ offence
Threat
damage
justice
law
Criminal
Facilitates early detection of fraud within your business.
Whistleblowing
Allows you to swiftly put a stop to the wrongdoing and mitigate any risks and repercussions
Whistleblowing
Whistleblowers will likely come to you directly instead of approaching external whistleblowing services.
Whistleblowing
- When legal action is not required the misconduct can be handled entirely within your business, without being plastered across headlines in a public scandal.
Whistleblowing
- if you are required to disclose the incident to the authorities, anticipating the public attention allows you to prepare for it
Whistleblowing
it is essential that an acceptance and promotion of whistleblowing is observed at every level of the organization, including management.
Whistleblowing
A ______________________ is a document compiled by an organization which outlines their
stance on whistleblowing and offers information to workers on the whistleblowing procedure
whistleblowing policy
_______________________ can be generated through meetings, posters, promotion of policy, staff training and anything else that gets people talking.
Whistleblowing awareness
____________________ is a vital resource that both raises awareness of and educates
your staff on whistleblowing.
Whistleblowing training
*_____________allows staff to keep their knowledge up to date and familiarize themselves with the whistleblowing process, thus promoting whistleblowing in your
business.
Regular training
_____________________ or network marketing, is individuals selling products to the public - often by word of mouth and direct
sales.
Multi-level Marketing (MLM)
The main idea behind the _____________ is to promote maximum number of distributors for the product and exponentially increase the sales force.
MLM strategy
The promoters get commission on the sale of the product as well as compensation for sales their recruits make thus, the compensation plan in multi-level marketing is structured such that
commission is paid to individuals at multiple levels when a single sale is made and commission depends on the total volume of sales generated
MLM STRATEGY
__________________ are, however, fraudulent schemes, disguised as an MLM strategy.
Pyramid Schemes
is that there is no real product that is sold in a _____________.
Pyramid Schemes
Participants attempt to make money solely by recruiting new participants into the program.
Pyramid Schemes
The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same.
Pyramid Schemes
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.
Learn more about the company,
You also may want to look for articles about the company
in newspapers, magazines, or online. Find out:
- how long the company has been in business
- whether it has a positive reputation for customer satisfaction
- what the buzz is about the company and its product on blogs and websites
- whether the company has been sued for deceptive business practices
- Check with your state Attorney General for complaints about any company you’re considering,
although a lack of complaints doesn’t guarantee that a company is legitimate.
Learn more about the company,
meeting.” Take your time to think over your decision. Your investment requires real money, so don’t rush into it without doing some research
first.
Don’t pay or sign a contract in an “opportunity meeting.”
Ask your sponsor for the terms and conditions of the plan, including:
- the compensation structure
- your potential expenses
- support for claims about how much money you can make
- the name and contact information of someone at the company who can answer your
questions
Don’t pay or sign a contract in an “opportunity meeting.”
Avoid any plan where the reward for recruiting new distributors is more than it is for selling products to the public.
Get this information in writing.
That’s a time-tested and
traditional tip-off to a pyramid scheme.
Get this information in writing.
Keep in mind that when you recruit new distributors, you are responsible for the claims
you make about how much money they can earn. Be honest, and be realistic.
Get this information in writing.
If your promises fall through, you could be held liable, even if you are simply repeating claims you read in a company brochure or heard from another distributor.
Get this information in writing.
If you don’t understand something, ask for more information until it is absolutely clear to you.
Get this information in writing.
occurs when
another company uses wrong or
deceptive business practices to gain a Competitive advantage.
unfair competition
- The major category of ________________ relates to intentional confusion of customers as to where the product came from, while the secondary category relates to unfair trade practices. Some of the most common forms of unfair competition include:
unfair competition
- __________________, such as substituting a lower-cost product from a different brand for a more expensive, higher-quality product.
Bait-and-switch selling technique
______________ or making false claims about a product to promote it.
False advertising
Misappropriation or use of confidential information, such as stealing a competitor’s special
formulation or other ___________.
trade secrets
Trade dress violation, or copying the _________ appearance of a product and/or packaging
in the attempt to fool a customer into buying it.
physical
Trademark infringement. IS EXAMPLE OF ____________
UNFAIR COMPETITION
UNFAIR COMPETITION
- Breach of a restrictive _________, such as a non-compete clause.
covenant
*________________ of services or products, such as exaggerating the capabilities of a
product.
False representation
- Reverse passing off, or ____________the source of a product by failing to inform the public who created it.
misrepresenting
- This often happens when a company removes the _____ from a product and then sells it.
mark
- ____________ substitution of one brand of goods or products for another.
Unauthorized
- ________________ or rumormongering, such as written or verbal communications that
would ruin or harm a company’s reputation in the industry.
Trade libel/slander
- 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. ___________________ is
typically a civil matter, although in serious cases, it can become a criminal matter.
Trade defamation
- Imitation or counterfeiting.
IS EXAMPLE OF _______________
UNFAIR COMPETITION
- Below-cost selling.
IS EXAMPLE OF _______________
UNFAIR COMPETITION
is the practice of receiving illegally acquired funds and then passing them off as money obtained from legal sources.
Money laundering
Individuals or companies engaging in —————————– may seek to transfer these unlawfully obtained funds to different parts of the globe using money remittance centers, banks and/or digital payment systems.
Money laundering
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.
Placement
____________ techniques include structuring currency deposits in amounts to evade reporting
requirements or commingling currency deposits of legal and illegal enterprises.
Placement
An example may include:
- dividing large amounts of currency into less conspicuous smaller sums that are deposited
directly into a bank account
Placement
- depositing a refund check from a canceled vacation package or insurance policy, or
purchasing a series of monetary instruments (e.g., cashier’s checks or money orders) that
are then collected and deposited into accounts at another location or financial institution
Placement
The second stage of the money laundering process is ___________, which involves moving funds around the financial system, often in a complex series of transactions to create confusion and complicate the paper trail.
layering
Examples of ______________include exchanging monetary instruments for larger or smaller amounts or wiring or transferring funds to and
through numerous accounts in one or more financial institutions.
layering
The ultimate goal of the money laundering process is _____________. Once the funds are in the financial system and insulated through the layering stage, the __________
stage is used to create the appearance of legality through additional transactions.
Integration
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.
Integration
is an illegal method by which you
can circumvent the tax that you pay. It is a fraudulent activity by which you reduce th income that you report or inflate the amount of
expenses.
tax evasion
can be understood as a deliberate manipulation of the
money that you make to eliminate
tax evasion
on the other hand, is 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.
Tax avoidance
For instance, if you invest in financial instruments
outlined in Section 80C of the Income Tax Act, such as Public Provident Fund or Equity Linked
Savings Scheme, you can claim deductions. This will be considered _______________.
tax avoidance
There are various legal methods of _________________ that you can undertake, such as taking out a loan for an electric vehicle or an education loan. Through tax planning, you can approach tax
avoidance honestly that does not defy the law.
tax avoidance
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.
tax evasion
Not reporting income generated through all-cash transactions is considered tax evasion.
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
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.
tax avoidance
Provides products and or services of real value
Multi-level marketing
Low start up costs that often include tools to help sell company products and/or services.
Multi-level marketing
Ability to out earn anyone above you
Multi-level marketing
Is upfront that earnings are generated from direct sales or from others you have recruited and that earnings are ultimately based on your effort
Multi-level marketing
Comprehensive training and support on products, recruiting and sales communication
Multi-level marketing
Presents the opportunity and explains how it works allowing people time and ability to make a well informed decision.
Multi-level marketing
No obvious product
Pyramid scheme
Encourages a large initial investment and continual reinvestment
Pyramid scheme
Inability to out earn anyone above you
Pyramid scheme
Promises large earnings with little effort
Pyramid scheme
Poor or non-existent training
Pyramid scheme
Often aggressive in its approach and may use false information, deadlines to urge people to join quickly.
Pyramid scheme
