Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities Government Regulation and Assistance Social Responsibility of Business and Government

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE2 Social Responsibility Learning Targets: Describe social responsibility issues. Identify benefits and costs of social responsibility. Explain the purpose of a code of ethics. 4-1

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 3 SOCIAL RESPONSIBILITY ISSUES Environmental protection – nonrenewable resources Workplace diversity – American’s with Disabilities Act Job safety – Occupational Safety and Health Administration (OSHA) Employee wellness – diet, exercise, sports teams

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 4 SOCIAL RESPONSIBILITY EVALUATION Benefits Expanded justice for groups of a society Enhanced company image Reduced need for government actions Improved quality of life in a community and around the world Increased awareness of social issues among workers, consumers, and others

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 5 SOCIAL RESPONSIBILITY EVALUATION Costs New nonpolluting or safer equipment Building repairs to remove risks Wellness and rehabilitation programs Social projects sponsored by a company (continued)

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 6 BUSINESS ETHICS Code of ethics Ethical conduct guidelines The purpose of a code of ethics is to guide actions and decisions of employees or members of an organization.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Ethical Guidelines Is it legal? Does the action violate professional or company standards? Who is affected by the action and how? A conflict of interest occurs when an action results in an unfair benefit. (Having your own child in class/on the team) Chapter 4 7

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 8 Guidelines for Writing a Code of Ethics Does a code of ethics increase a business’ profits? How?

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE9 Government Protection Activities Learning Targets: Identify the roles and levels of government. Explain government protection activities. Describe types of intellectual property. 4-2

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 10 GOVERNMENT IN SOCIETY 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

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 11 GOVERNMENT IN SOCIETY Levels of government Federal government – oversees the activities that involve two or more states (interstate commerce) or other countries. State government – regulate business actions within their own borders (intrastate commerce). Local government - Provides services needed for an orderly society, such as police and fire protection. (continued)

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 12 GOVERNMENT PROTECTION ACTIVITIES Worker protection – the right to safe working conditions. Contract enforcement – protects from dishonest businesses.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 13 Contract Basics

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 14 PROTECTION OF INTELLECTUAL PROPERTY Patents – the exclusive right of an inventor to make, sell, and use a product or process Copyrights – protection of work of authors, composers, and artists. Trademarks – a distinctive name, symbol, word, picture used to identify products

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE15 Government Regulation and Assistance Learning Targets: Explain actions by government to regulate business. Discuss efforts of government to assist businesses. Identify methods used by government to raise money. 4-3

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 16 REGULATORY ACTIVITIES Regulation of utilities – public utilities chosen to serve a community. assurance of fair prices conservation of resources avoid overcrowding of utility poles and other facilities Prevent unfair business practices – protects against unfair business dealings/promotes competition as much as possible. Monopolies – good and bad Antitrust laws – false advertising, misleading labeling

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 17 GOVERNMENT ASSISTS BUSINESS Government buys goods and services (military jets, aircraft, buildings, file cabinets) Government employs workers The government assists businesses in a variety of ways, including providing demographic data, buying goods and services, and employing workers who then have the means to buy goods and services.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE Chapter 4 18 GOVERNMENT RAISES MONEY Government income is called revenue. Taxes – pays for the services it offers (income tax and sales tax) Borrowing