1. 1

2. 2

3.  Common socially responsible practices of businesses  Government protection  Consumer Bill of Rights  Government regulation and assistance 3

4. Common socially responsible practices of businesses 4

5.  Socially responsible practices of businesses include practices that positively impact communities.  Common social responsibilities addressed: − Environmental protection − Workplace diversity − Job safety − Employee wellness 5

6.  Companies can contribute to environmental protection by › Implementing actions to conserve natural resources › Minimizing pollution of air and water resources  What is an example of an organization or action that protects the environment? 6

7.  Workplace diversity exists in a company when the employees represent a variety of groups including women, ethnic groups, physically challenged, and older workers.  What is an example of an organization or action that enforces workplace diversity? 7

8.  Job Safety is ensuring work environments are risk-free of accidents.  What is an example of an organization or action that enforces job safety? 8

9.  Employee Wellness programs are offered by employers to maintain a healthy workforce.  What are some examples of employee wellness activities? 9

10.  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. › Increase awareness of social issues among workers, consumers, and others. 10

11. The costs of providing social programs must be realistic to allow a business to earn a profit. 11

12. 12 What is the purpose of business ethics?

13. Guidelines for responsible business conduct addresses the following questions: › Is the action illegal? › Does the action violate professional or company standards? › Who is affected by the action and how? 13

14. Government protection 14

15. How are workers protected in their work environments by the government? 15

16.  A contract is an agreement usually between two parties to exchange goods or services for something of value, usually money.  What are the elements of a contract? 16

17.  The government enforces contracts between businesses and individuals by ensuring agreed upon work and the exchange of money or other means are completed.  Examples of when contracts are used: › Buying an automobile › Leasing a building › Buying inventory 17

18.  Intellectual property protected by the government are: › Copyrights › Patents › Trademarks  What is an example of each intellectual property? 18

19. Consumer Bill of Rights 19

20. What is the purpose of the consumer bill of rights? 20

21.  The Right to Be Informed › Consumers have the right to be informed of what a product is and its functions.  The Right to Safety › Consumers have the right to be protected from harm while using a product or service. 21

22.  The Right to Choose › Consumers have the right to choose what to buy among a variety of products and services.  The Right to Be Heard › Consumers have the right to talk with businesses about products or services they offer. Consumers may share their comments, complaints, concerns, or questions. 22

23.  The Right to a Remedy › Consumers are assured that they can seek legal remedy when they encounter a problem or defective product. › What is a guarantee? › What is the difference between an express and an implied warranty? 23

24.  The Right to Consumer Education › Consumers have the right to be informed about how their purchasing decisions impact them personally and the economy.  The Right to Service › Consumers have the right to receive goods and services at the promised level by companies. 24

25. Government regulation and assistance 25

26.  Why does the government regulate utility companies?  How does the government prevent unfair business practices?  Government assist businesses by › Providing them demographic information › Buying goods and services from them › Employing workers who can buy goods and services from them 26