Ethic Vocabulary - Unit 10 BE 3

To sponsor = To give money in order to support projects.

To collect data = To gather information, usually in the form of numbers

To cope = To survive under specific conditions

To degrade = To reduce in quality

To play a role = To become involve in something

To engage = To attract attention

To promote = To encourage

To collaborate = To work with

To set up = To establish

To make a difference = To cause something to change

Money laundering

Sex discrimination

Animal testing

Counterfeit goods

Price fixing

Insider trading

Industrial espionage

Environmental pollution

Bribery and corruption

Tax fraud

Ethic Case

A few years ago, British Airways and Korean Air were each fined $ 300m by the US Justice Department for their roles in separate price fixing conspiracies in both their cargo and passenger operations.

Two major chains of motorway service stations were accused of price fixing, allegedly telephoning each other several times a week to agree on figures.

According to a survey, 91% of doctors believe animal testing is important to medical progress.

 

An anti money laundering directive was passed to prevent the proceeds of organized crime circulating through the financial system.

Cash transfer international has imposed new regulations to prevent money laundering.

In 2008, it was estimated that $135bn of counterfeit goods were sold online.

Following complaints, investigators discover large quantities of counterfeit goods in branches of XXX.

Banks were recently accused of sex discrimination, as apparently female staff are often paid 40% higher/less than their male counterparts.

In an unusual case of sex discrimination, male fashion models are claiming that they get lower fees than female models.

Unfortunately, the breakdown in the water treatment plant has caused some environmental pollution.

Ya Inc. accused competitors of industrial espionage after they released 3d television systems.

The government minister who gave a large contract to his brother’s accountancy company has been accused of bribery and corruption.

The cosmetics company denied using animal testing during the development of their new mascara.

The owner of the baseball team, who claims to live and pay tax in Mauritius, was convicted of tax fraud.

The CEO who bought shares in Union Motors 2 weeks before the takeover was accused of insider trading.