1. Understand economics
Essential Standard 5.00

2. Understand the nature of business to show its contributions to society.
Objective 5.03

3. Common Socially Responsible Practices of Businesses
Socially responsible practices of businesses include practices that positively impact communities.
Common social responsibilities addressed:
Environmental protection
Workplace diversity
Job safety
Employee wellness

4. Common Socially Responsible Practices of Businesses continued
How can companies contribute to environmental protection?
What is an example of an organization or action that protects the environment?
How can companies contribute to environmental protection?
Implementing actions to conserve natural resources
Minimizing pollution of air and water resources
What is an example of organization or action that protects the environment?
Environmental Protection Agency enforces and provides standards for air and water quality.
Computer Manufacturing Company refurbishes computers, recycling parts of computers.

5. Common Socially Responsible Practices of Businesses continued
What is included in workplace diversity?
What is an example of an organization or action that enforces workplace diversity?
What is included in workplace diversity?
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?
The American with Disabilities Act (ADA) enforces regulations to accommodate people with disabilities.
The Age Discrimination in Employment Act protects employees of the age 40 and over from employment decisions based on their age.
The Equal Employment Opportunity Commission (EECOC) protects applicant and employees against workplace discrimination.
Companies providing workforce diversity training to employees.

6. Common Social-responsible Practices of Business continued
What is job safety?
What is an example of an organization or action that enforces job safety?
What is job safety?
Job safety is ensuring work environments are risk-free of accidents.
What is an example of an organization or action that enforces job safety?
The Occupational Safety and Health Administration (OSHA) gives surety to safe and healthful working conditions for men and women.
A company’s schedule cleaning of bathrooms used by employees three times a day.
Employees who work in a plant that manufactures chemical are required to wear proper clothing to protect from skin irritations.

7. Common Socially Responsible Practices of Businesses continued
Why would a company offer employee wellness programs?
What are some examples of employee wellness activities?
Why would a company offer employee wellness programs?
Employee wellness programs are offered by employers to maintain a healthy workforce.
What are some examples of employee wellness activities?
Businesses today assist employees with programs such as stop-smoking seminars, counseling for employees with drug problems, and weight-loss counseling.

8. Evaluation of Social Responsibility
What are some benefits of a company being social responsible?
What are some benefits of a company being social responsible?
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.

9. Evaluation of Social Responsibility
Why should a business explore the costs of being socially responsible?
Why should a business explore the costs of being socially responsible?
The costs of providing social programs must be realistic to allow a business to earn a profit.

10. Ethics What is the purpose of business ethics?
Business ethics address the conduct of business and employees.

11. Ethics 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?