Social Responsibility of Business and Government CHAPTER 4 4/19/2017 CHAPTER 4 Social Responsibility of Business and Government 4-1 Social Responsibility 4-2 Government Protection Activities 4-3 Government Regulation and Assistance ITB

Government Protection Activities CHAPTER 4 4/19/2017 4-2 Government Protection Activities Goals Identify the roles and levels of government. Explain government protection activities. Describe types of intellectual property. ITB

CHAPTER 4 4/19/2017 Chapter 4 Key Terms Contract An agreement to exchange goods or services for something of value, usually money. ITB

CHAPTER 4 4/19/2017 Chapter 4 Key Terms Patent Gives the inventor the sole right to make, use, or sell the item for 20 years. ITB

CHAPTER 4 4/19/2017 Chapter 4 Key Terms Copyright Protects the creative work of authors, composers, and artists. ITB

CHAPTER 4 4/19/2017 Chapter 4 Key Terms Trademark A word, letter, or symbol linked with a specific company or product. ITB

GOVERNMENT IN SOCIETY Roles of government CHAPTER 4 4/19/2017 GOVERNMENT IN SOCIETY Chapter 4 Roles of government Providing services for members of society Protecting citizens, consumers, businesses, and workers Regulating utilities and promoting competition Providing information and support to businesses Buying goods and services Hiring public employees Raising revenue ITB

GOVERNMENT IN SOCIETY Levels of government Federal government CHAPTER 4 4/19/2017 Chapter 4 GOVERNMENT IN SOCIETY (continued) Levels of government Federal government State government Local government ITB

CHAPTER 4 4/19/2017 FEDERAL GOVERNMENT Chapter 4 The U.S. Constitution gives the federal government the power to regulate foreign and interstate commerce. The federal government oversees the activities that involve two or more states or other countries. The federal government regulates foreign and interstate commerce. ITB

CHAPTER 4 4/19/2017 Chapter 4 FEDERAL GOVERNMENT Interstate commerce is business dealings involving companies in more than one state. The federal government would regulate a trucking company that ships products to several states. ITB

CHAPTER 4 STATE GOVERNMENTS 4/19/2017 Chapter 4 State governments regulate business actions within their own borders. Intrastate commerce refers to business dealings involving companies that do business in only one state. A trucking company that hauls products only within a state’s boundaries would be regulated by that state and not the federal government. State governments assign some of their legislative power to local governments. ITB

CHAPTER 4 4/19/2017 Chapter 4 LOCAL GOVERNMENTS Local governments include county boards and city or town councils. Local governments provide services needed for an orderly society, such as police and fire protection. ITB

Checkpoint >> What are the three levels of government? Answer CHAPTER 4 4/19/2017 Chapter 4 Checkpoint >> What are the three levels of government? Answer local state federal ITB

GOVERNMENT PROTECTION ACTIVITIES CHAPTER 4 4/19/2017 GOVERNMENT PROTECTION ACTIVITIES Chapter 4 Government protects citizens through police and fire services, protects consumers and business owners by enforcing contracts and intellectual property rights, and protects workers through laws that require safe working conditions. ITB

GOVERNMENT PROTECTION ACTIVITIES CHAPTER 4 4/19/2017 GOVERNMENT PROTECTION ACTIVITIES Chapter 4 Worker protection As a worker, you have a basic right to safe working conditions. Safety standards for buildings, machines, and chemicals are set by government agencies. Government inspections and regulation of work areas help reduce the number of job-related accidents. You cannot be denied work because of your race, religion, sex or age. ITB

GOVERNMENT PROTECTION ACTIVITIES CHAPTER 4 4/19/2017 GOVERNMENT PROTECTION ACTIVITIES Chapter 4 Contract enforcement Contracts are another example of government protection. A contract is an agreement to exchange goods or services for something of value, usually money. It is a basic part of doing business. A contract may be written or unwritten. Certain elements must be included for the contract to be enforceable. ITB

CHAPTER 4 4/19/2017 Chapter 4 Contract Basics ITB

Checkpoint >> What are the main elements of a contract? Answer CHAPTER 4 4/19/2017 Chapter 4 Checkpoint >> What are the main elements of a contract? Answer agreement competent parties consideration legality ITB

PROTECTION OF INTELLECTUAL PROPERTY CHAPTER 4 4/19/2017 PROTECTION OF INTELLECTUAL PROPERTY Chapter 4 The three types of intellectual property are: Patents When individuals or companies create new products, they many obtain a patent. A patent gives the inventor the sole right to make, use, or sell the item for 20 years. A company that creates a new means to record programs from television could get a patent for this process. ITB

PROTECTION OF INTELLECTUAL PROPERTY CHAPTER 4 4/19/2017 PROTECTION OF INTELLECTUAL PROPERTY Chapter 4 The three types of intellectual property are: Copyrights A copyright protects the creative work of authors, composers, and artists. Copyright protection lasts for the life of the person receiving the copyright. It also extends for 70 years after the person’s death. Copyrights are identified with the symbol. .Trademarks ITB

PROTECTION OF INTELLECTUAL PROPERTY CHAPTER 4 4/19/2017 PROTECTION OF INTELLECTUAL PROPERTY Chapter 4 The three types of intellectual property are: Trademarks A trademark is a word, letter, or symbol linked with a specific company or product. Businesses register company names, team emblems, and label designs with the government. A trademark can be very valuable. Another name for trademark is logo. Can you think or some logos? ITB

Checkpoint >> What are three types of intellectual property? CHAPTER 4 4/19/2017 Chapter 4 Checkpoint >> What are three types of intellectual property? Answer patents copyrights trademarks ITB