Professional Documents
Culture Documents
4-BSA
9. The Morality of Labor Strikes
• strike action(or simply strike) describes collective action
undertaken by groups of workers in the form of a refusal to
perform work.
Reasons workers go on STRIKE:
1. For higher compensation
2. To improve workplace
3. For shorter working days
4. To stop their wages from going down
5. For more benefits
6. Because they think that their company has been unfair
• Managerial employees
• Members of cooperatives
1. There is a sufficient and just reason for it, it is usually based on the claim that the
laborer has a right to his job or that he has atleast the right to decent conditions
of employment and consequently that he may use force to protect his right
against the unjust aggression of the man who has seized it.
2. The intended good results must be proportionate to evil affects. As against the
employer, the strikers have no right to destroy his property, as against the men
who take places of the strikers, no violence is lawful when the action of the
strikers is justified by their own needs.
3. The means employed are lawful. The right to a job is merely the right to
continue economic relations with a particular employer
10. Whistleblowing
• Is the disclosure by an employee of confidential
information in which relates to some danger,
fraud, or other illegal or unethical conduct
connected with workplace, be it of the
employer or of his fellow employees.
2. Be alert and discreetly attempt to learn of any other witnesses who are upset about the
wrongdoing.
3. Before formally breaking ranks, consider whether there is any reasonable way to work
within system by going to the first level of authority.
4. Develop plan
8. Break the cycle of isolation research and identify and seek a support network of
potential allies.
11. Engage in whistleblowing initiatives on your own time and with your own resources
not your employer’s
12. Don’t wear your cynicism on your sleeves when working with authorities
11. Multilevel Marketing (MLM) and
Pyramiding
• multilevel marketing- is a system
of selling in which one signs up
other people to assist him and
they in turn, recruit others to help
them,
• Pyramiding- participants attempt
to make money solely by
recruiting new participants into
the program.
DIFFERENCE BETWEEN MLM AND PYRAMIDING
MLM PYRAMIDING
1. Legal 1.Illegal
4. consumable, reasonably priced quality 4. Few retail sales and high cost, slower moving
products products
5. Serves legitimate economic function 5.No legitimate economic function
6. Sponsoring participants earn nothing by mere 6. Recruiting participants get benefits from
sponsoring. Recruitment is optional recruitment
7. Earnings are ultimately tied to products 7. Earning are tied to the act of recruitment
consumption of end-users
9. largely, products are sold to the consuming 9.Products are consumed internally within the
public organization
10. Bonuses are based on sales to final users 10. Bonus entitlements are based on goods
who are not members of the scheme absorbed by members within the structure
MARKET SATURATION: AN
INHERENT PROBLEM IN
PYRAMIDING
• Pyramids design can saturate the market with no one even noticing.
• Out of control by design , it gears will grind up the money, time and
entrepreneurial energy of the well-meaning who joined to supplement their
income.
ISSUES IN PYRAMIDING
2. They con the public, making them believe that they are a legitimate MLM.
2) Oligapoly - denotes a situation where there are few sellers for a product or
service.
WAR COMPETITION
1. Two contenders fighting hurl directly at 1. Two or more parties are vying for the
each other opportunity to provide the customers needs
whether it is a product or service.
DIFFERENCE BETWEEN FAIR AND
UNFAIR COMPETITION
2. Layering – separating the proceeds from criminal activity from their origins
through layers of complex financial transaction. It is describes as activity
intended to obscure the trail which is left by “dirty” money.
• The possible social and political cost of money laundering, if left unchecked
or dealt with ineffectively, are serious.
• Organized crime can infiltrate financial institutions, acquire control of a large
sectors of the economy through investments or offer bribes to public officials
and even governments.
• The economic and political influence of criminal organizations can weaken
the social fabric, collective ethical standards and ultimately the democratic
systems, this criminal influence can undermine the transition.
HOW DOES FIGHTING MONEY
LAUNDERING HELP FIGHT CRIME
1. Self-dealing
2. Accepting benefits
3. Influence peddling
4. Using your employer’s property for private advantage
5. Outside employment or moonlighting
6. Post-employment
15. Insider Trading- refers to the significant facts that have not yet
made public and are likely to affect stock prices. It is being
prohibited by the rules and regulation of the SEC.
MORAL ARGUMENTS
Dr. George’s cites two aspects of this particular problem:
1. One is that of someone within the firm using information for his/her own
private gain at the expense of the firm( conflict of interest)
2. The other is the use of information by someone within the firm to secure
personal advantage over those not in the firm ( breach of loyalty)
ETHICAL ISSUES RELATED TO
INSIDER TRADING