groupstudying

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SPIRIT OF SERVICE

Inculcating a sense of spirit at work helps the employees to bond with their colleagues and be friendly. Team spirit is not limited to just interacting with employees. It extends to dealing with the customers, partners and vendors.  TEAM SPIRIT: at some point, regardless of the employee’s role, employees have to work with other people at the company. No matter whether they are colleagues,…

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CONCEPT OF SELF OR PERSONAL INTEREST:

CONCEPT OF SELF OR PERSONAL INTEREST:

If we could expand profitability potential, increase productivity, and boost employee morale just by starting a conversation with the employees. If we invest some time in listening to the interests of the employees, we can discover talents that provide amazing benefits to the business.  EXPAND PROFITABILITY POTENTIAL: Creating a work atmosphere which welcomes the conversation about personal…

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PRINCIPLES OF ETHICAL CONDUCT WHILE ENACTING OFFICIAL DUTIES

PRINCIPLES OF ETHICAL CONDUCT WHILE ENACTING OFFICIAL DUTIES

Principles of Ethical Conduct for Government Officers and Employees The following Principles of Ethical Conduct are apart from Executive Order 12674 of April 12, 1989, as modified by Executive Order 12731. These are the principles which apply to all employees of the Federal Government. Part I-Principles of Ethical Conduct Section 101. Principles of Ethical Conduct. This is To ensure that…

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THE COMPONENTS OF PUBLIC INTEREST

THE COMPONENTS OF PUBLIC INTEREST

The work done by public interest lawyers has covered a wide range of activities. for some people, the type of work or the way of working is the most critical component of job satisfaction. There are some examples of types of work that such lawyers may do. Here are some references which are discussed to give a gist of day-to-day activities which is associated with the different types of legal…

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HOW ETHICAL DILEMMAS DO CONFLICT OF INTEREST PRESENT

HOW ETHICAL DILEMMAS DO CONFLICT OF INTEREST PRESENT

PREFACE  Conflict of interest is a common issue in the workplace. Most of us have heard someone say, “It’s who you know, not what you know.” We have heard co-workers complain that a manager’s relative always gets the biggest raise or the best assignment. We might have seen colleagues accept gifts from potential vendors. Maybe a co-worker leaves work 20 minutes early every day so she can get to…

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CONFLICTS OF INTEREST WITH ETHICS

CONFLICTS OF INTEREST WITH ETHICS

WHAT IS A CONFLICT OF INTEREST? A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty. For example, an employee may simultaneously help himself but hurt his employer by taking a bribe to purchase inferior goods for his company’s use. A conflict of interest can also exist when a…

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BENAMI TRANSACTIONS (PROHIBITION) ACT, 1988 

In the past few years, we have seen the government major steps to end black money dealings through various measures such as the black money act, Income Disclosure Scheme, demonetization, etc. In this context, the terms ‘Benami property’, ‘Benami Act’, ‘Benami transactions’, etc. have been making headlines for quite some time now. The word Benami means “without a name”. In simple terms, a Benami…

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GOVERNMENT ACCOUNTS (CONSOLIDATED FUND OF INDIA, CONTINGENCY FUND OF INDIA, PUBLIC ACCOUNT)

GOVERNMENT ACCOUNTS (CONSOLIDATED FUND OF INDIA, CONTINGENCY FUND OF INDIA, PUBLIC ACCOUNT)

OVERVIEW  A key role of government accounting is to monitor and control the nation’s resources. It ensures that diverse activities are separated into separate funds. It also clarifies how resources are allocated to various programs. It is used by virtually every governmental entity, from national governments to local businesses. While this is a complicated area, it does provide essential…

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CHALLENGES OF CORRUPTION

WHAT IS CORRUPTION? Corruption is dishonest behaviour by those in positions of power, such as managers or government officials. Corruption can include giving or accepting bribes or inappropriate gifts, double-dealing, under-the-table transactions, manipulating elections, diverting funds, laundering money, and defrauding investors Corruption erodes trust, weakens democracy, hampers economic…

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IMPORTANCE OF PROPER UTILISATION OF FUNDS

IMPORTANCE OF PROPER UTILISATION OF FUNDS

In this era where businesses are growing globally, the role of a financial manager has become more technical and complex. Every decision affects the direction of the company. Moreover, the role involves the effective allocation and utilization of funds. The manager needs to plan an investment pattern. The investment in fixed assets requires proper capital budgeting, opportunity cost, and profit &…

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SOCIAL CONTRACT THEORY

Another descriptive theory regarding society and the relationship between rules and regulations, as well as why society needs them, is the social contract theory. A society without rules and regulations to guide human behaviour, according to Thomas Hobbes (1588-1689), would be a terrible place to live. A society without rules, according to Hobbes, is living in a “state of nature.” People would…

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DIFFERENCE BETWEEN CODE OF ETHICS AND CODE OF CONDUCT

DIFFERENCE BETWEEN CODE OF ETHICS AND CODE OF CONDUCT

The criteria that a group must follow to remain a member of the organization are called a code of ethics and a code of conduct. The major distinction between a code of ethics and a code of conduct is that the former is a set of principles that influence judgment, whilst the latter is a set of instructions that impact employee behaviour.  These statements are addressed explicitly, and members…

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RIGHT TO INFORMATION ACT, RTI 2005

RIGHT TO INFORMATION ACT, RTI 2005

Equal rights for all citizens, freedom of speech, a fair trial, and tolerance of minority viewpoints are all essential elements of a democratic government. Similarly, because the government represents the interests of its citizens, it is necessary for the government or its officials to freely express their views in front of the public. Transparency in government operations is required, and the…

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PROBITY IN GOVERNANCE

For an efficient and effective system of governance, as well as for socio-economic growth, probity in governance is a necessary and fundamental prerequisite. The absence of corruption is a necessary condition for ensuring government integrity. Other needs include effective laws, rules, and regulations controlling all aspects of public life, as well as effective and fair enforcement of those laws,…

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DEVELOPING ETHICAL COMPETENCES

What does it mean to be ethically competent? What does it mean to be ethically competent? How does one go about doing this? These issues require solutions in medical, engineering, legal, psychology, social work, public administration, and other academic disciplines and practical professions. At the heart of ethical competence is the human quest for knowledge and action that decides what is…

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STRENGTHENING ETHICAL AND MORAL VALUES OF GOVERNANCE

STRENGTHENING ETHICAL AND MORAL VALUES OF GOVERNANCE

Ethics is an effort to guide human behaviour, and it aids individuals in living a good life by implementing moral ideals. Ethics can be defined as well-founded moral principles that dictate what humans should do, usually in terms of rights, obligations, societal advantages, justice, or specific qualities. Ethics in governance is currently garnering the attention of researchers and others who talk…

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ETHICAL ISSUES IN CLINICAL RESEARCH

ETHICAL ISSUES IN CLINICAL RESEARCH

Clinical research is vital to the delivery of health care. Clinical research is how scientists come up with novel treatments, cures, and preventive measures to help stop the disease from spreading. Furthermore, clinical research guarantees that when these therapies are released, they have been demonstrated to be safe and effective, with any potential adverse effects reported. Clinical research…