****************** Chapter 4 Maintaining Good Government Relations and Business Ethics McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.

****************** Maintaining Good Government Relations And Business Ethics Legal System & Basic Laws Legal System & Basic Laws Role Of Government Assistance Role Of Government Assistance Government Regulations & Paperwork Government Regulations & Paperwork Choosing A Lawyer Choosing A Lawyer Ethical & Socially Responsible Ethical & Socially Responsible 4 - 2

****************** McGraw-Hill/Irwin Legal Terminology Law  Statutory  Common Interstate Commerce Clause Police Power Due Process

****************** Government Branches LegislativeExecutiveJudicial Hisham F. Ibrahim/Getty Images PhotoLink/Getty Images

****************** Types Of Law PublicCriminalPrivateCivil

****************** Uniform Commercial Code  General Provisions  Sales  Commercial Paper  Bank Deposits & Collections  Letters Of Credit  Bulk Transfers  Documents Of Title  Investment Securities  Secured Transactions

****************** Tort “…a wrongful act by one party, not covered by criminal law, that results in injury to a second party’s person, property, or reputation, for which the first party is liable.”

****************** Tort Law Provides Means For Compensation Laws Deal With  Duties & Compensation  Faulty Products Or Actions Of Others

****************** Bankruptcy “…a formal legal condition of inability to repay debts. People or businesses can petition the courts to be relieved of the financial obligation.”

****************** Types Of Bankruptcy  Chapter 7 – Personal, Ordinary/Straight  Chapter 11 – Reorganization  Chapter 13 – Business, Ordinary/Straight Ryan McVay/Getty Images

****************** Government Help- Small Business +Small Business Administration Service Corps Of Retired Executives – +Small Business Development Centers

****************** Department Of Commerce  International Trade Administration  U.S. & Foreign Commercial Service Agency  Minority Business Development Agency  U.S. Census Bureau Jason Reed/Getty Images

****************** Department Of Agriculture Cooperative Extension Service Federal Land Bank Association Production Credit Association Farmers Home Administration

****************** Government Regulations & Paperwork Dealing With Regulatory Agencies Benefits Of Government Regulation Problems With Government Regulation  Difficulty Understanding  Enormous Amount Of Paperwork  Difficulty/Cost Of Compliance  Discourages Firms From Hiring PhotoLink/Getty Images

****************** Laws & Employee Number For Compliance LawEmployee #  Occupational Safety & Health Act10  Federal Civil Rights Laws15+  Americans With Disabilities Act15  Family Medical Leave Act50  Worker Adjustment & Retraining Act 100

****************** Coping With Government Regulations  Learn  Challenge  Get Involved  Better Environment  Live With It  Private Regulations Jack Hollingsworth/Getty Images

****************** Choosing Lawyer Education Knowledge Of Law See Big Picture Weigh Alternatives PhotoLink/Getty Images

****************** Where To Look For Lawyer Personal Referral Martindale-Hubbell Law Directory Lawyer Referral & Information Services Advertising Scott T. Baxter/Getty Images

****************** What To Look For In Lawyer Experience In Your Type Of Business Experience In Your Type Of Business Compatibility Compatibility Availability Availability Cost Cost Royalty-Free/CORBIS

****************** Lawyer Services Sample Contract

****************** Social Responsibility “…a business’s obligation to follow desirable courses of action in terms of society’s values and objectives.”

****************** Business Forms Of Social Responsibility 1.Consumerism 2.Employee Relations 3.Environmental Protection 4.Community Relations

****************** Environmental Protection Balance Between People & Environment Pollution Control Conservation

****************** Community Relations  Educational/Medical Assistance  Urban Development/ Renewal  Arts, Culture, & Recreation Alden/PhotoLink/Getty Images

****************** Business Ethics “…the standards used to judge the rightness or wrongness of a business’s relations to others.”

****************** Youth Question Ethics

****************** Personal Ethics Points  Control Your Attitude  Control Your Associations  Control Your Discipline  Work On Yourself

****************** “Four Way Test” Of Self 1)Truth? 2)Fair To All? 3)Build Goodwill? 4)Beneficial To All?

****************** Federal Sentencing Guidelines For Organizations Clear Standards Ethics Training Reporting System Track Record For Discipline S. Meltzer/PhotoLink/Getty Images