Professional Documents
Culture Documents
Week 10-11
Week 10-11
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
Wage VS Salary
BASIS FOR
WAGE SALARY
COMPARISON
Meaning A fixed pay that an individual draws A variable pay that an individual
for the work done by him on an draws on the basis of hours spent
annual basis in completing the certain amount of
work.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
What is Wage?
∙ “The legitimate fruit of
labor"
∙ The exchange of labor in
which is enough to support
the wage earner in
reasonable and frugal
comfort.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
Types of Wages
• Real Wages - measured in terms of actual purchasing power (inflation).
• Nominal Wages - measured in terms of money paid, not in purchasing
power.
• Family Wage - the amount of money that the worker needs to provide for the
needs of the family.
• Living Wages - minimum hourly wage necessary for a person to achieve
some specific standard of living.
• Minimum Wage - minimum rate of a worker can legally be paid as set by the
statute or government.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
What is Bribery?
• It is defined as a practice of giving reward or performance of an act
that is inconsistent with the work contract o the nature of the work
one has been hired to perform.
Reason why it is obviously Unethical :
1.It is generally used as an instrument to gain personal or corporate
advantage
2. It corrupts concept of justice and equality.
3. Bribery produces cynicism and a general distrust of Institution.
4. It destroys people’s trust in the integrity of professional services. Of
government and the courts, of law enforcement. Religion and anything
it touches.
5. It treats people as commodities whose honor Can be bought and
sold. It thus tends to degrade the respect we owe to other human
beings.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
Trade Secret
• is the legal term for confidential business information. That piece
of information allows the company to complete effectively.
• Information, including a formula, pattern, compilation, program
device, method, technique, or process, that:
• Derives independent economic value, actual or potential, from no being
generally known to, and not being readily ascertainable by proper
means by, other persons who can obtain economic value from its
disclosure or use
• Is subject of efforts that are reasonable under the circumstances to
maintain its secrecy.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 - ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
d. Short Weighing —It can be candy spotted in wet and dry markets. It is
practiced in selling products by different quantities.
e. Shortchanging—Is taken directly from a situation where the seller
gives the customer less than the change he should get. It covers all
situations from quality to quantity of goods the buyer should get in
exchange for money.
f . Short Measuring- Is a =ethical practice observed in products that
depend on length and/or volume. g. Short Numbering —The seller gives
the consumer the quantity by piece of the product lees than the number
he has paid for. It is often practiced when the product Id comes or is
packed in a manner that would make counting difficult or consume.
h. Misleading Advertising - Materially false or misleading
representations concerning a product or service. Any representation or
symbol that would cause significant number of the general or relevant
public to misunderstand regardless of whether such representation or
symbol is consistent with facts.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
Types of Strikes
Sit-dox strike (sit in)
• is a strike in which workers show up to work
General Strike
• is a strike affecting all areas of a labor forces across many industries.
Sympathy strike
• is a strike initiated by workers in one industry and supported by
workers in a separate but related industry.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
WHISTLE BLOWING
• Firstly, Whistle Blowing is something that can be done only by a member or
former member of an organization.
• Secondly, It must be an Information that is not available for public.
• Thirdly, It should be an evidence of some significant kind of misconduct on
the part of an organization.
• Fourth, Information must be outside normal channel of communication.
• Fifth, Release of Information must be something that is done voluntarily as
opposed to being legally required.
• Sixth, Whistle Blowing must be undertaken as moral protest. The motive
must be correct some wrong not to seek vigilance or personal advancement.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
TYPES OF WHISTLE-BLOWING
• Internal Whistle-Blowing
• When an individual advocates beliefs or revelations
within the organization.
• External Whistle
• Blowing When and individual advocates beliefs or
revelations outside the organization.
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
WEEK 10 -11 ETHICAL ISSUES AND PROBLEMS IN BUSINESS AND THE
CORPORATE WORLD
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SPI101 – SOCIAL PROFESSIONAL ISSUES
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