151009_uwin-be08-s18

Bachelor in Economics (S.E): Manajemen

Course : Business English (1510BE08)

online.uwin.ac.id

Session Topic : Ethics

Course: Business English

By Sugeng Riyadi, S.Pd., M.Hum.

UWIN eLearning Program

Powered by HarukaEdu.com -1510BE08- S. 3

Content

• Part 1 Ethics

• Part 2 Regular & Irregular Verbs

Part1: Ethics


Ethics: Overview

a. Vocabulary:

• Wrongdoing

• Corruption, &

• Work ethics

Language,

b. …Focus:

Past tense

c. …Skills:

Describing a wrongdoing case

d. Case study/discussion


Ethics: Wrongdoing & Corruption

a. Insider dealing/insider trading:

• buying or selling securities using

information…

• …that is not publicly available.

b. Price fixing: Agreeing to fix

prices at a certain level.

c. Market rigging:

• working together to stop…

• …a financial market functioning

as it should.

d. Bribery: Illegal payment to

persuade someone to do

something.

e. Corruption: receiving bribes

f. Counterfeiting:

• Forging/duplicating…

• …(especially banknotes)

illegally.

g. Faking: Forging/duplicating

goods illegally.

h. Fraud:

• Offering to lend money, but…

• …demanding certain fee

before giving the loan.

f. Embezzlement: getting money

illegally from the employer.

g. Money laundering: hiding

illegal origin of money.


Ethics: Word

What’s the word ?

a. Illegal payment to persuade someone to do something.

b. Agreeing to fix prices at a certain level.

c. Receiving bribes

d. Forging/duplicating goods illegally.

e. Buying or selling securities using information that is not publicly

available.

f. Getting money illegally from the employer.

g. Working together to stop a financial market functioning as it

should.

h. Hiding illegal origin of money.


Ethics: Definition

Ethics. Defn:

Moral beliefs about what is,

• Right & wrong, &

• The study of this.

Ethical…

a. …Standards social responsibilities avoiding,

1) Worker exploitation,

2) Sweatshop labour, &

3) Racial/sex discrimination.

b. …Investment

• Being concerned about issues related to investment,

• including environmental or green issues.


Ethics: The Wolf of Wall Street (2013)

a. It is an American biographical

black comedy.

b. The story is,

• about Jordan Belfort’s career as

a stockbroker &

• his wrongdoing in the business.

c. Leonardo DiCaprio stars as Jordan

Belfort.

d. It got 5 nominations at the 86th

Academy Awards, but won none. Leonardo W.

DiCaprio

• American actor

• Film producer.

Part2: Regular & Irregular Verbs


a. In 1987, Jordan Belfort lost his job as a Wall Street

stockbroker.

b. He took a job at a small brokerage firm in Long Island.

c. Jordan Belfort got much money.

d. Jordan & his friend,

• built a brokerage firm.

• The name was Stratton Oakmont.

e. The firm used a pump & dump scam.

f. The firm grew bigger & made a lot of profits.

g. Jordan’s lifestyle changed.

h. He divorced his wife & had an affair with another woman.

i. He illegally made $22 million in 3 hours from the IPO of Steve

Madden, Ltd.

The Story: The Wolf of Wall Street-2013


j. Jordan put the money,

• in a Swiss bank account with the help of…

• …a corrupt banker, Jean-Jacques Saurel.

k. The FBI suspected him & started investigating him.

l. Two years later,

• the FBI arrested Jordan &

• shut down Stratton Oakmont.

Source: Belfort, Jordan (2013) The Wolf of Wall Street. Web:

https://en.wikipedia.org/wiki/The_Wolf_of_Wall_Street_(2013_film)#Plot

The Story: The Wolf of Wall Street-2013 (Cont.)


What kinds of wrongdoings did

Jordan do ?

a. Fraud

b. Bribery

c. Corruption

d. Money laundering

Now, look at the verbs of the

sentences

a. Jordan Belfort’s case,

• happened in 1987 (in the past).

• That is why we use Simple Past

Tense in the sentences.

b. We use Verb 2 in Simple Past

Tense.

c. There are 2 kinds of verb 2:

1) Regular: Ending with –ed or –d.

2) Irregular

• No specific rules.

• You have to memorize the

changes.

The Story: Wrongdoing & Verb


The Story: Wrongdoing & Verb

NoVerb

1 2

1 Use Used

2 Change Changed

3 Divorce Divorced

4 Suspect Suspected

5 Start Started

6 Arrest Arrested

NoVerb

1 2

1 Is Was

2 Are Were

3 Lose Lost

4 Take Took

5 Get Get

6 Build Built

7 Grow Grew

8 Make Made

Regular Verbs Irregular Verbs


Negative Form

To make,

• a negative sentence in simple past

tense,

• use did not + Verb 1.

Example:

1. We did not get much profit this

year.

2. The police did not suspect him.

Question Form

To make,

• a question in simple past tense,

• use did + Subject + Verb 1.

Example:

1. Did we get much profit this

year ?

• Yes, we did.

• No we didn’t.

2. Did the police suspect him ?

• Yes, they did.

• No they didn’t.

Form: Negative & Question


Change these sentences into

negative & question !

a. He divorced his wife last year.

b. He had an affair with another

woman.

c. The company made $50 million

last year.

d. We put the money in a Swiss

bank account.

e. The FBI started investigating him.

On Your Own

China's leading online marketplace

Alibaba,

• is being sued by Kering

• (the owner of Gucci, Yves Saint

Laurent, Puma & other fashion

brands).

• Read the case of Alibaba vs.

Kering on the following slide.

• Change the sentences into Past

Tense !

Form: Negative & Question (Cont.)


Gucci sues Alibaba over 'counterfeit goods‘

a. Many merchants in Alibaba offer counterfeit products.

b. Taobao, for example, sells a lot of fake Gucci products.

c. The merchant advertises a fake Gucci handbag for $2-$5.

d. The bags are normally sold for $795 each.

e. The merchant also sells Gucci counterfeit watch for $10-$80 per piece.

f. The authentic Gucci watch retails for $960.

g. Alibaba does not shut down the counterfeiters.

h. US shoppers also order counterfeit goods from Alibaba's websites.

i. Kering takes legal action against Alibaba last July.

j. The 2 sides agree to discuss possible anti-counterfeit measures.

Source: BBC News (2015) Gucci sues Alibaba over 'counterfeit goods‘. Web:

http://www.bbc.com/news/technology-32781236

Exercise: Alibaba


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Course : Business English (1510BE08)

151009_uwin-be08-s18

Documents

illegal origin of money

money laundering

illegal payment

jordan belforts career

wall street stockbroker

wolf of wall street

certain level

wrongdoing corruptiona