Unethical Practices in Finance : The unethical practices in accounting are more in proprietary, partnership and private limited companies. It is at lower levels in public limited companies and MNCs. Some of the unethical practices in financing and accounting are as under: i. Deliberate abnormal delays in payments to (a) Vendors, (b) Dealers commissions and promotion costs. ii. Delays in paying wages, interest to financiers, incentive, bonus to employees. iii. Holding up bills of vendors on silly reasons and ultimately buying from others to avoid payment to earlier vendors. iv. Not prompt in statutory payments of ESI, PF, Sales Tax and Excise Duties v. Cheating employees of their dues towards medical expenses, leave travel assistance, children education fees etc., vi. Opening of current accounts in different banks to avoid adjustments against loans by earlier banker. vii. Creating bogus bills of purchase to show higher costs and hence losses to avoid bonus payment ...
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ETHICS IN HUMAN RESOURCE MANAGEMENT (HRM) MEANING OF HRM HRM can be understood in simple terms as employing people, developing their resources, utilising, maintaining and compensating their services in tune with the job and organizational requirements with the view to contribute to the goals of the organization, individuals and the society. OR HRM is the process of planning, organizing, directing and controlling human activities to achieve the organizational goal and individual goals MEANING OF ETHICS Ethics are those values, which has been imbibed within an individual on reinforced externally that help him to distinguish between right and wrong and to act accordingly. There can be several sources of ethics like religion, organizational culture, legal obligations etc. ETHICS IN HRM Ethics in HRM indicates the treatment of employees with ordinary decency and distributive justice. The ethical business contributes to the business goals as the employees will feel moti...
Ethical Marketing VS Unethical Marketing By Rinchen What is Ethical Marketing and Unethical Marketing? An area of study that deals with ideas about what is good and bad behaviour : a branch of philosophy dealing with what is morally right or wrong. Ethical marketing is less of a marketing strategy and more of a philosophy that informs all marketing efforts. It seeks to promote honesty, fairness, and responsibility in all advertising. And as the opposite of Ethical is Unethical. Unethical means the unfair means of practices in marketing. Characteristics of Unethical Marketers 1. They are non-rational because they might even begin to abuse the consumer rights 2. They hard sell. Advertising and other promoting helps the seller to promote the products, but the other way around is they pay a lots of money on selling/promoting which rises the cost of produc...