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Business Ethics and Social Responsibility Key Terms

Classified in Philosophy and ethics

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Key Concepts in Business Ethics

  1. Terminal values: Preferences about desired end states.
  2. Instrumental values: Preferences regarding the means to desired ends.
  3. Procedural justice: Concerned that policies and rules are fairly applied.
  4. Distributive justice: Concerned that people are treated the same regardless of personal characteristics.
  5. Interactional justice: The degree to which others are treated with dignity and respect.
  6. Cultural relativism: Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.
  7. Ethical dilemma: A situation that, although offering potential benefit or gain, may be considered unethical.
  8. Ethics training: Seeks to help people understand the ethical aspects of decision-
... Continue reading "Business Ethics and Social Responsibility Key Terms" »

Cultural Differences and Language Barriers: A Guide for Understanding

Classified in Teaching & Education

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Disgusting: asqueroso

On time: Puntual

Disapproving: estar en contra

Dressed: Vestido

Exchange: intercambiar

Emigrated: Emigrar(venir)

Akward: torpe

Migrated: imigrar (irse)

Adapt: Adatparse

Memorise: memorizar

Eating habits: habitos de alimentacion

Recall: recordad

Costumory: vestuario

Interactions: interacion

Cultural gap: Difference

Hospitality: Hospitaliozada

Hospitable: hospitalario

Shy: timido

Eye contact: contacto visual

Weary: cansado

Handshake: apreton de manos

Unfamiliar: Extraño

Hug: abrazo

Unpleseant: Desagradable

Personal space: espacio personal

Delayed: Retrasado

Uncomfortable: incomodo

Approached: Acercado

Get the point: Ir a el grano

Make it: Triunfar

Raw: crudo

Must admit: debes admitir

Etiquete: etiqueta

Lead the way: Guiar el camino

Shake hands: Darse la

... Continue reading "Cultural Differences and Language Barriers: A Guide for Understanding" »

Incoterms: FAS, FOB, CIP, CPT Explained

Classified in Economy

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Incoterms: FAS, FOB, CIP, and CPT

What kind of cargo is used for FAS? Why?

Containers are used for FAS because the goods are carried on board a ship.

Which are the two possible cases of delivery for FCA?

  • When the goods have been loaded on the transport designated by the buyer or by a person acting on its behalf.
  • When the goods are made available to the seller's carrier transport, without being discharged.

Allocation of Costs and Risk for FAS and FOB

The seller is required to deliver the goods alongside the actual ship on the pier. From that point forward, the buyer bears all costs (loading cost, freight, insurance) and risks. Under FAS terms, the buyer is required to clear the goods for export and pay the cost of loading the goods.

Why is it so important

... Continue reading "Incoterms: FAS, FOB, CIP, CPT Explained" »

Remedies for Breach of Contract: Rescission, Damages, Specific Performance

Classified in Law & Jurisprudence

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Remedies for Breach of Contract

The process of enforcing rights is known as the remedies for breach
of contract. Where there is a breach of contract, the injured party has one or
more of the following rights:

Rescission of the Contract

If one party has broken their contract, the other party may treat the
contract as rescinded and refuse further performance. They may also
successfully defend an action of non-performance or an action brought for
specific performance.

Suit for Damages

Ordinary Damages, Special Damages, Exemplary Damages, Nominal Damages

Quantum Meruit

If one party has broken their contract, the other party may treat the
contract as rescinded and refuse further performance. They may also
successfully defend an action of non-performance or an
... Continue reading "Remedies for Breach of Contract: Rescission, Damages, Specific Performance" »

Understanding Free Consent and Contract Discharge

Classified in Law & Jurisprudence

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Free Consent

Free Consent, as defined in Section 13, occurs when "two or more persons agree upon the same thing and in the same sense."

For example, if A agrees to sell his car to B, but A intends to sell his Maruti while B believes he is buying A's Honda, there is no consent because they haven't agreed on the same thing in the same sense. Consequently, there is no contract.

Section 14 states that consent is considered free when it is not caused or affected by the following:

  • Coercion
  • Undue Influence
  • Fraud
  • Misrepresentation
  • Mistake

Coercion (Section 15)

Coercion involves using force or threats to compel a person to enter into a contract. The consent obtained under coercion is not free.

Undue Influence (Section 16)

Undue influence occurs when one party,... Continue reading "Understanding Free Consent and Contract Discharge" »

Legal Rules of Valid Offers and Capacity to Contract

Classified in Law & Jurisprudence

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Legal Rules as to Valid Offer

Essential Elements

  1. Communication: Offer must be communicated to the offeree.
  2. Certainty: The offer must be certain, definite, unambiguous, and not vague.
  3. Legal Relation: The offer must be capable of creating a legal relation.
  4. Expression: Offer may be express or implied.
  5. Completeness: Communication of the complete offer is necessary.
  6. Counter Offer: A counter-offer amounts to a rejection of the original offer.
  7. Cross Offer: Cross offers do not conclude a contract.
  8. Acceptance Burden: An offer must not thrust the burden of acceptance on the offeree.
  9. Invitation to Offer: Offer must be distinguished from an invitation to offer.
  10. Intention: The offeror should have the intention to obtain the consent of the offeree.
  11. Specificity: Offer
... Continue reading "Legal Rules of Valid Offers and Capacity to Contract" »

Effective Employee Screening and Selection Strategies

Classified in Psychology and Sociology

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Adverse Impact

Unintentional discrimination against a protected group.

Employee Screening

The process of reviewing information about job applicants to select individuals for jobs.

Clinical Approach

Subjectively combining sources of information based on the general impression of the hiring specialist.

Least Valid Employee Screening Test

Handwriting analysis.

Reliability and Validity

  • Reliability: Refers to the stability of a measure over time, or the consistency of the measure.
  • Validity: Refers to the accuracy of inferences or projections drawn from measurements.

Parallel Forms

A method of establishing the reliability of a measurement instrument by correlating scores on two different but equivalent versions of the same instrument.

Criterion-Related Validity

There... Continue reading "Effective Employee Screening and Selection Strategies" »

Understanding HVAC Duct Systems: Pressure, Airflow, and Components

Classified in Physics

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Fundamentals of HVAC Duct Systems

  • Pressure Measurement: Duct system pressure is measured in inches of water column (in. WC).
  • Blower Function: The blower creates pressure to force air through the duct system, conditioning equipment, and into the room.
  • Atmospheric Pressure: Standard atmospheric pressure is 14.696 psi.
  • Manometer Usage: A manometer measures air velocity pressure in a duct.
  • Airflow Measurement Tools: Anemometers or velometers are commonly used to measure airflow in air distribution systems.
  • Airflow Check: Airflow can be checked by feeling it 2-3 feet from a register.
  • Forced-Air vs. Natural-Draft: Forced-air systems use a blower, unlike natural-draft systems.
  • Duct Pressure Components: Duct pressure equals velocity pressure plus static pressure.
... Continue reading "Understanding HVAC Duct Systems: Pressure, Airflow, and Components" »

STEEPLE Analysis for Strategic Business Success

Classified in Economy

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The External Business Environment

All businesses operate in an external environment, and its conditions significantly impact them. The environment consists of various conditions external to the business.

Strategic Planning and STEEPLE Analysis

There are few ways to control the influence of external environmental factors. To succeed and overcome these challenges, a contingency plan is used to identify environmental changes and features. This allows a business to develop strategies and objectives to prevent issues from becoming major problems. A tool used to create this analysis is STEEPLE.

STEEPLE includes Social, Technological, Economic, Ethical, Political, Legal, and Ecological factors. Here, the business considers the influence of each element... Continue reading "STEEPLE Analysis for Strategic Business Success" »

Medical Terminology and Passive Voice in Healthcare

Classified in Medicine & Health

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Medical Terminology

Common Terms and Their Equivalents

  • Up to: Until
  • Children: Infants
  • In relation to: Relative to
  • Scarce: Not enough, insufficient
  • Outcomes: Results, findings
  • Score: Grades
  • Result did not differ: There were not different outcomes
  • Ethnicity: Ethnic group
  • Requirements: Needs
  • Effects: Consequences
  • Early life: Babies, previous life
  • Study: Investigation, research, test
  • Examine: Monitor, check
  • Type: Categories
  • Applied: Incorporated, measured
  • Modeled: Designed
  • Information: Data
  • Gestational age: Pregnancy
  • Feature: Characteristics
  • Disturbance: Disorder
  • Behavior: Conduct
  • Restricted: Limited
  • Display: Show
  • Restraint: Restricted
  • Weight gain: Weight increase
  • Model of overweight: Pattern of overweight
  • Concern: Worried
  • Food addiction: Food dependence
  • Findings: Results
  • In
... Continue reading "Medical Terminology and Passive Voice in Healthcare" »