Business ethics
In the legal context, referring to actions or behavior that are carried out in bad faith or with dishonest intentions
fraudulent behaviour
Four responsibilities of a leader according to Gutterman (2023) are
communicating, structuring, motivating, and innovation
When companies engage in activities that are dishonest or illegal, it is referred to as...
Fraudulent activity
P2P means
person to person lending money one to another
The moral principles, policies, and values that govern the way companies and individuals engage in business activity are called...
business ethics
The four elements of fraud diamond theory are
1. pressure
2. rationalization
3. opportunity
4. capacity
Arrogance is one of the elements of...
The pentagon theory
IPO stands for
initial public offering
Name two solutions that can be applied to reduce the wage gap based on racial discrimination.
increase the minimum wage, invest in education, strengthen unions, criminal justice reform
3 ways of market expansion are
geographic expansion, product diversification, strategic partnership
The consequences of fraudulent behavior can...
lead to financial losses, legal repercussions, damage to reputation, and loss of stakeholder trust
CSR stands for...
corporate social responsibilty (business model by which companies make effort to operate in ways that enhance rather than degrade society and the environment)
Two potential solutions to income inequality towards women are...
supporting female entrepreneurs, investing in the education of girls, changing gender norms, addressing workplace gender discrimination
4 leadership styles are
autocratic, bureaucratic, democratic, delegative
The first fraudulent incident occurred in...
300 BC
1. clear communication
2. setting realistic deadlines
3. flexible timeline
4. mutual respect
The following statement “Executive management process is not based purely on an intellectual perspective” was made by...
Barnard
Name two ways in which a leader's behavior affects the company.
1. slowing down the growth and the evolution of the company
2. showing a wrong image and reputation of the company
3. generating discouragement and low productivity in its employees
A white-collar crime is...
Nonviolent crime of deceit or concealment
Strategies to prevent and address fraudulent behavior are...
Establishing a Strong Ethical CultureLeadership, Implementing Robust Internal Controls, Conducting Regular Audits, Encouraging Whistleblowing and Protecting Whistleblowers, Providing Ethics Training and Education