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Ethics
I. Give the Russian equivalents:
1) sales executive; 2) civil servant; 3) estate agent; 4) to avoid paying tax; tax evasion; 5) expenses; 6) work facilities; 7) a defective product; 8) to trust; trustworthy; 9)law-abiding; 10) a slush fund; 11) a bribe (kickback, sweetener, backhander, baksheesh; greasing of palms); 12) a fraud; 13) to deceive; deceit; deliberate deception; 14) disclosure; 15) integrity; 16) industrial espionage; 17) to blow the whistle; a whistleblower; 18) to be corrupt; corruption; 19) to write off … against tax; 20) pros and cons; 21) from a different angle; 22) insider trading; 23) to use unfair methods; 24) facilitation payment; 25) to donate; donation; 26) Chinese wall; 27) to recall the product (withdraw); 28) nepotism; 29) price fixing; 30) sweatshop; 31) subsistence wages; 32) glass ceiling; 33) sexual harassment; 34) sleaze; 35) to mistreat customers; 36) to mis-sell; 37) to misrepresent facts; 38) to mislead; defraud; 39) to discredit; 40) to overcharge customers; 41) to undermine confidence; 42) to overprice goods; 43) to misinform customers; 44) to prosecute smb; 45) to sue for damages; 46) to breach (terms, regulations); 47) to falsify documents; 48) a loophole in the law; 49) black economy; 50) ombudsman; 52) money laundering; 53) built-in obsolescence; 54) a swindler; 55) a conman; 56) consequences of smth (doing smth); 57) code of ethics; 58) code of good practice; 59) mission statement (corporate mission, company mission, corporate purpose, company creed, core values, vision statement)
II. Complete the sentences using active words & combinations:
1. The securities commission fined the financial group for failing to maintain … between its corporate finance and broking departments.
2. A supermarket wishing to build a new store in a district where there is resistance may offer to make a donation to the local school. This kind of practice is …..
3. – Why has he given the contract to the most expensive supplier?
- Simple: they offered him a k…, he accepted it.
4. Managers were trying to silence potential … by promoting or relocating them.
5. A customs official refuses to let goods through at a sea port. The local import agent hands him $100 in a brown envelope and the goods are let through. The money is a s….
6. You receive an e-mail saying that you have won €1000. This is ….
7. Company A is negotiating an important contract with Company B. Company A says that it is not negotiating with any other company, but then Company B finds it is talking to Company C. There is now a complete lack of … between them.
8. L.S. Rockefeller … $21 million to Princeton University for a center to study and teach human values.
9. There was criticism of his salary and tax arrangements following … in the newspaper.
10. He was found guilty of … of the true position of his accounts.
11. Now markets are subject to the faster … of products due to tougher competition and innovative technologies.
12. The company was … because they didn’t fulfill their side of the contract.
III. Match the terms and definitions:
Chinese wall | to sell something that is unsuitable for the person buying it |
sleaze | when companies in an industry agree on the prices they will charge for something and it is done to avoid competing with each other |
loopholes in the law | a written declaration of a firm’s core purpose and focus which normally remains unchanged whereas business strategies and practices may frequently be altered to adapt to changing circumstances |
facilitation payment | the attitudes in an organization that prevent women from rising beyond a certain level, despite having the necessary skills and abilities |
whistle blower | a small business, factory, etc. where people work very hard in poor conditions for subsistence wages |
code of ethics | in certain financial institutions, an action to stop secret information passing between departments where one department might gain from the information |
insider trading | a set of rules that are accepted and used by a company staff. It contains a list of standard and practical recommendations on performing a certain activity |
price-fixing | ways of getting round rules and regulations |
glass ceiling | money paid to speed a process along, which is not actually a bribe because it is done openly |
mission statement | someone working for an organization who tells the authorities that people in the organization are doing something illegal, dishonest or wrong |
mis-sell | a written guide to acceptable and ethical behavior (as defined by an organization) that also outlines punishments for violations |
sweatshop | when someone uses knowledge of a particular company, situation etc. that is not available to other people in order to buy and sell shares |
code of good practice | scandalous, immoral or unrespectable behavior |
IV. Translate into English, using active vocabulary.
1. Уклонение от налогов считается серьезным преступлением во многих странах мира.
2. Разоблачение взяточничества и коррупции так часто становится предметом обсуждения в прессе, что возникают сомнения в том, что большинство государственных служащих – добропорядочные и законопослушные граждане.
3. Иногда грань между взяткой и финансовым вознаграждением за содействие почти незаметна.
4. Они создали многомиллионный фонд, предназначенный для подкупа правительственных чиновников.
5. Программное обеспечение, которое рекламирует эта компания, идентично нашим последним разработкам, поэтому мы намерены подать на них в суд за промышленный шпионаж.
6. Управляющий этим банком - человек кристальной честности, который всегда думал о последствиях и никогда не занимался отмыванием денег.
7. Хотя этот служащий отрицает преднамеренный обман клиентов, компания собирается его уволить, так как такое поведение персонала подрывает доверие покупателей.
8. В этом отделе поддерживается жесткий контроль над утечкой информации о ценных бумагах и акциях.
9. Некоторые страховые компании используют несовершенства законодательства, чтобы не выплачивать застрахованному лицу компенсацию ущерба при автомобильной аварии.
10. Многие эксперты считают, что аутсорсинг имеет свои «за» и «против».
11. Мошенничество и подделка документов преследуются по закону.
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