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MORALITY OF
LABOR STRIKES
PREPARED BY: RICHARD LAURENTE NARCISO
STRIKE ACTION (or SIMPLY STRIKE)
Managerial employees;
Members of cooperatives; and
Members of the Armed Forces of the
Philippines, Philippine National Police
and Firemen.
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
WHISTLEBLOWING
MULTILEVEL
MARKETING (MLM)
& PYRAMIDING
PREPARED BY: RICHARD LAURENTE NARCISO
Multilevel marketing is a system of selling in which one signs up other to
assist him, and recruit others to help them. However, there are many
multilevel distributorship schemes that often call themselves a “network”
but are nothing more than sophisticated chain letters.
Pyramiding
Pyramid schemes focus on the exchange of money and recruitement.
The fraudsters behind a pyramid scheme may go to great lengths to make
the program look like a legitimate multilevel marketing program.
MLM Pyramiding
1. Legal 1. Illegal
2. Income generated only on product sales. 2. Income is generated solely on the process
of recruiting others into the pyramid.
7. Earning are ultimate tied to product consumption 7. Earnings are tied to the act of recruitment.
of end-users.
MLM Pyramiding
9. Largely, products are sold to the consuming 9. Products are consumed internally within
public. the organization.
10. Bonuses are based on sales to final user 10. Bonus entitlements are based on goods
who are not members of the scheme. absorbed by members within the structure.
1. Are there legitimate products?
2. Is there an intent to sell the products?
3. Do the products have fair market value?
4. Is there a compelling reason to by the products being offered
5. Is there a product return policy?
6. Will you receive commission on the joining fees of your prospects?
7. Is there a correlation between recruiting and distributor’s
commissions?
8. If recruitment is to be stopped today, will participants still make
money?
1. Too Much Materialism and Greed
2. They Con the Public, Making Them Believe that They Are a Legitimate MLM
3. The Intentions Are Bad
The Department of Trade and Industry can take action under two
existing laws:
Art. 53 of RA 7394 (the Consumer Act of the Philippines) states that
“chain distribution plans or pyramid sales shall not be employed in the
sale of costumer products”.
RA 3883 or Business Name Law empowers DTI to cancel license of
any business which does not conform to the registered business name
or style.
1. Consult the 8-point test presented in this chapter.
2. Beware of plans the claim to sell miracle products or promise
enormous earnings. Just because a promoter of a plan makes a
claim doesn’t mean it’s true! Ask the promoter of the plan to
substantiate claims about the product or your potential earning
seem too good to be true.
3. Don’t pay or sign any contract in an “opportunity meeting” or
any other high-pressure situation. Insist on taking your time to
think over a decision to join.
4. Remember thet no amount of personal testimonial and
affirmation thet there is money to gain in pyramiding will
dispute the fact that pyramiding does not create new wealth.
The only wealth gained by any participants is a loss by another
participant.
UNFAIR
COMPETITION
PREPARED BY: RICHARD LAURENTE NARCISO
Is competition good or bad?
MONEY
LAUNDERING
PREPARED BY: RICHARD LAURENTE NARCISO
”money laundering “ is said to originate from Mafia ownership of
Laundromats in the United States.
1. Money from the U.S. drug sales is converted into money orders.
2. Money orders are shipped to Colombia via express mail.
3. U.S. funds money orders are sold to a currency broker in
exchange for pesos.
The economic and political influence of criminal
organization can weaken the social fabric, collective ethical
standards, and ultimately the democratic institutions of
society.
CONFLICT
OF INTEREST
PREPARED BY: RICHARD LAURENTE NARCISO
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
INSIDER TRADING