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Professionalism and Ethics

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  • Name 2 implications of unethical business behaviour.
    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
  • What ethical theory are you using if the outcome of a situation determines whether the action is ethical or not?
    Consequence-based theory
  • Explain the utilitarian theory of ethics.
    If the outcome of your action benefits the majority, it is justifiable.
  • 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.
  • True or false: An unethical action is always illegal.
    False
  • Give an example of a conflict of interest.
    Answers will vary.
  • 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
  • Name 3 ways in which a professional person acts.
    Answers will vary.
  • 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
  • True or False: Businesses should be good citizens of the country in which they operate because they want to make more money.
    False
  • 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 of the 5 things that make a contract legally binding.
    Contractual capacity, Sound mind, Reasonable, Legal, Possible
  • True or false: Unethical behaviour leads to an atmosphere of trust in the workplace.
    False
  • What is a contract?
    A written document or verbal agreement that is legally binding between two or more parties.
  • Which one of the following is unethical and illegal: Tax avoidance or Tax evasion
    Tax evasion
  • True or False: People change the ethical theory that they adhere to according to the circumstances they are faced with.
    True
  • Name 3 things that you will find in an employment contract.
    Answers will vary
  • When someone trades shares on the JSE based on knowledge that is confidential - what is this called?
    Insider trading
  • Was the Batho Pele framework developed to ensure professionalism and ethical behaviour in the Private or Public Sector?
    Public Sector