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Professionalism and Ethics
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The ____________ window is a tool that can be used to help someone understand him/herself better by using a matrix to record self-knowledge vs. what other people know.
Johari
True or false: An unethical action is always illegal.
False
Name 2 implications of unethical business behaviour.
Answers will vary.
True or False: Businesses should be good citizens of the country in which they operate because they want to make more money.
False
True or false: Unethical behaviour leads to an atmosphere of trust in the workplace.
False
Explain the utilitarian theory of ethics.
If the outcome of your action benefits the majority, it is justifiable.
Name 3 ways in which a professional person acts.
Answers will vary.
Give an example of a conflict of interest.
Answers will vary.
When someone trades shares on the JSE based on knowledge that is confidential - what is this called?
Insider trading
When someone is offered a reward to give a third party an unfair advantage to which he/she/the business is not entitled - what is this called?
A bribe
Which one of the following is unethical and illegal: Tax avoidance or Tax evasion
Tax evasion
What is a Lease Agreement?
A lessee uses the goods of the lessor for an agreed upon amount but never becomes the owner of the goods.
Name 3 things that you will find in an employment contract.
Answers will vary
Name the type of contract involved in the following instance: John pays R1 500 pm to Old Mutual for in case his house is broken into and items are stolen.
Insurance contract
Name 3 of the 5 things that make a contract legally binding.
Contractual capacity, Sound mind, Reasonable, Legal, Possible
What is a contract?
A written document or verbal agreement that is legally binding between two or more parties.
What is a code of ethics?
A set of rules that helps people when they have to make decisions. It describes the principles that the business considers as important when decisions are made.
Was the Batho Pele framework developed to ensure professionalism and ethical behaviour in the Private or Public Sector?
Public Sector
True or False: People change the ethical theory that they adhere to according to the circumstances they are faced with.
True
What ethical theory are you using if the outcome of a situation determines whether the action is ethical or not?
Consequence-based theory
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