ETHICS
I. True or False (2 Points each)
Directions: Write T if the statement is True and F if otherwise. Write the letter of your answer on the
blank space provided.
1. T The cost of living relates to basic maintenance needs and it must be seriously
considered in formulation of wages.

2. F Prevailing Industry rate some claim that paying workers the average of what other
companies are paying for the same job result to not fair wage.

3. T External Market Factor these refers to the supply and demand for labor and the so-
called economic and underemployment.

4. T Job factor the nature of the job itself entails the formulation of a just wage.

5. T Advertising plays a very significant role in marketing goods and promotion.

6. T Work place romance is defined as a relationship between two people who are
employed by the same organization.

 7. T Misrepresentation is observed when there is a transformation of information to

misinformation.

8. T Pyramiding: In the classic pyramid scheme, participants attempt to make money

solely by recruiting new participants into the system.

9. F Bribery It occurs in the business context when a person acts in a way that is to
his/her advantage at the expense of the employing organization.

10. F Sexual Harassment It is when taxpayers exploit legally permissible alternative

methods of assessing taxable property or income in order to avoid reduce tax liability.

Activity 7

Enumeration(10 Points)

How to prevent sexual harassment in the Workplace?

1. A broad anti-harassment/ positive environment police that includes a statement that specifically
addresses sexual harassment.

2. A separate sexual harassment policy that covers all organization.

3. Separate sexual harassment policy, one that addresses non-management employees and one that
addresses management.

Factors to consider in formulation of Fair wages?

1. External Market Factor

2. Laws and Regulation