Ethics and Values in Business Practices

The idea that there can be conflicting moral views, each deserving respect.

The principle that basic rights and liberties are paramount, even if it means sacrificing some social or economic benefit.

The belief that there are many theories about right and wrong, which may clash with your personal values.

The situation where women consistently earn less than men.

A hypothetical scenario where individuals make decisions without knowing their position in society.

The idea that there is only one correct answer to moral questions.

The idea that there are no right or wrong answers to moral questions.

The practice of engaging with other societies that have potentially different norms and values.

The use of technology, like the internet and viruses, to harm individuals, organizations, or governments. This includes stealing confidential information, disrupting services, or spreading propaganda.

The use of the internet and digital tools to obtain sensitive information from individuals, companies, or governments without authorization, often for financial gain. This includes data breaches, hacking, and phishing.

Information gathered about a user's online behavior, often used by companies for targeted advertising or tracking purposes. This raises concerns about privacy and transparency.

The collection and storage of personal information by companies like Facebook or social media platforms. There are concerns about how this data is used, shared, and protected.

A globally recognized set of standards outlining fundamental rights that should be afforded to all people, regardless of their background. It emphasizes the right to life, liberty, security, and equality.

The availability and affordability of healthcare services, especially for workers who may be employed by multinational companies in different countries. This raises concerns about accessibility and ethical responsibilities.

The minimum amount of income necessary for workers to meet basic living expenses, including food, shelter, and other essential needs. This is a concept crucial to ensure a decent standard of living for all workers.

Global risks include political instability, imbalances in power, social discontent, and faltering economies. They can significantly impact investors and create ethical dilemmas.

The U.S. Foreign Corrupt Practices Act prohibits American companies from offering bribes to foreign officials for business advantages. Similar laws exist in other countries.

Antitrust laws prohibit companies from forming monopolies or engaging in practices that unfairly control a market. They aim to ensure fair competition and consumer protection.

Emerging markets hold significant investment potential but also pose risks due to political instability, imbalances in power, social discontent, and economic volatility. These factors create ethical dilemmas for businesses considering investments in emerging markets.

This law prohibits corrupt practices and aims to ensure ethical conduct by public officials. It addresses acts of bribery, persuasion, and influence that violate official duties.

The Philippine Competition Act (Republic Act No. 10667) established the Philippine Competition Commission to enforce antitrust laws. The act aims to promote fair competition and prevent anti-competitive practices in the Philippine market.

The Sherman Antitrust Act was passed in 1890 in the United States to prohibit monopolies and other anti-competitive practices. It aimed to promote fair competition and protect consumers from monopolies.

The European Union has more stringent antitrust laws compared to many other countries. These laws generally focus on preventing companies from controlling market share, prices, and geographic areas through unethical practices.

The idea that fundamental rights are inherent and inherent in human nature, not granted by any government or legal document.

The belief that rights only exist when recognized and guaranteed by law, emphasizing the role of legal documents.

The idea that the Creator grants fundamental rights to individuals, thus shaping their inherent dignity and value.

The idea that human rights are fundamental, equal, and universal, regardless of race, gender, ethnicity, class, or social status.

The idea that the constitution safeguards individual rights and liberties as the supreme law of the land.

The concept that human rights are essential to maintaining a just and stable society.

The potential danger of interpreting human rights solely based on legal documents, which can lead to a disregard for their inherent foundation.

The need to balance the recognition of human rights with the responsibility of individuals towards society.

The belief that greater consumption leads to increased well-being. This idea is currently being challenged by environmental concerns and resource scarcity.

Products designed to break down or malfunction quickly, encouraging frequent replacement purchases. This is a strategy to increase consumption and profits.

The principles and standards that guide ethical behavior in a globalized world. These principles are crucial for navigating cross-cultural interactions and business practices.

Documents that outline a company's ethical commitments and guidelines for its international operations.

Universal principles aimed at protecting human dignity and rights, regardless of nationality, race, gender, or belief.

The belief that human rights are inherent and fundamental to our nature and are not granted by any authority.

The idea that there is a universal foundation for human rights rooted in divine creation or natural law.

The belief that human rights are essential for the well-being and flourishing of all individuals.

The duty and respect children owe their parents; a cornerstone of many traditions.

The unwavering commitment to a spouse and family, often considered sacred.

Positive and respectful relationships between people, especially brothers, representing harmony and unity.

The principle of being truthful and honest in all dealings, particularly with oneself and others.

A principle that prioritizes family obligations, seeing the family as a vital unit.

The belief that specific actions are wrong and merit punishment, often linked to God's will.

Emphasizes harmony and order within society, achieved through respect for authority and social hierarchies.

Advocates for peace and non-violence, urging understanding and compassion over conflict.