Chapter 4

Question 1

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

Answer 1

Ethics

Question 2

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

Answer 2

Ethics

Question 3

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

Answer 3

Ethics

Question 4

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

Answer 4

Business Ethics

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 businesz

Answer 6

Business Ethics

Question 7

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

Answer 7

Ethical Issue

Question 8

Is a repeated, unwanted behavior or sexual nature perpetrated upon individuals by another.

Answer 8

Sexual Harassment

Question 9

3 types of Harassment

Answer 9

physical
verbal
non-verbal communication

Question 10

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

Answer 10

JUST WAGE

Question 11

Is the legitimate fruit of labor

Answer 11

Just wage

Question 12

as an amount 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

Answer 12

Just wage (POPE LEO XIII)

Question 13

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

Answer 13

Family Wage

Question 14

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

Answer 14

Living Wage

Question 15

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

Answer 15

Living Wage

Question 16

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

Answer 16

Minimum Wage

Question 17

Measured in terms of actual purchasing power

Answer 17

Real wage

Question 18

Actual purchasing power

Answer 18

Inflation

Question 19

Show the value of wages adjusted for inflation

Answer 19

Real wage

Question 20

Measured in terms of money paid, not purchasing power.

Answer 20

Nominal Wages

Question 21

The rate of the employees are compensated.

Answer 21

Nominal Wages

Question 22

Workers are entitled to the living wages

Answer 22

RA 6727 Wage Rationalization Act of 1989

Question 23

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 of living for the workers of their families

Answer 23

Wage Rationalization Act

Question 24

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

Answer 24

External Market Factors

Question 25

Workers should be paid in accordance with laws and regulations issued by the government.

Answer 25

Laws and Regulations

Question 26

It requires that employees pay at least the minimum wage

Answer 26

Laws and Regulations

Question 27

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

Answer 27

Cost of Living

Question 28

Some claim that paying workers the averaage of what other companies are paying for the same job results in a fair wage

Answer 28

Prevailing Industry Rate

Question 29

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 29

Organizational Factors

Question 30

the nature of the job itself entails the formulation of a just wage.

Answer 30

Job Factors

Question 31

Duties, responsibilities, and the skill requirements of a job are probably the most considerable determination of wage/salary increases.

Answer 31

Job Factors

Question 32

The trend suggests that individual performaces or productivity ratings affecft the determination of wage/salary increases

Answer 32

Individual Performances

Question 33

Is the prectoce of offering something to gain an ilicit advantage

Answer 33

Bribery

Question 34

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

Answer 34

Gift-giving

Question 35

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

Answer 35

The morality of Advertising

Question 36

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

Answer 36

Morality of Advertising

Question 37

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

Answer 37

Trade Secrets

Question 38

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

Answer 38

Corporate Disclosure

Question 39

Proper disclosure by corporations is the act of making its cutomers, investors, and any people involved in doing business with the company aware of pertinent information.

Answer 39

Corporate Disclosure

Question 40

Liablity occurs when the naufacturer or seller of a defective product allows that defective product to get into the hands of consumers

Answer 40

Product Misrepresentation

Question 41

Describes the concept in contract law that places the burden of due diligence on the buyer of a good or service.

Answer 41

Caveat Emptor

Question 42

Buy at on your own risk

Answer 42

Caveat Emptor