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Social Responsibility of Business and Government
CHAPTER 4 Social Responsibility of Business and Government 4-1 Social Responsibility 4-2 Government Protection Activities 4-3 Government Regulation and Assistance
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Social Responsibility
4-1 Social Responsibility Goals Describe social responsibility issues. Identify benefits and costs of social responsibility. Explain the purpose of a code of ethics.
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Key Terms social responsibility non-renewable resource ethics
Chapter 4 Key Terms social responsibility non-renewable resource ethics business ethics code of ethics
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SOCIAL RESPONSIBILITY ISSUES
Chapter 4 SOCIAL RESPONSIBILITY ISSUES Environmental protection Workplace diversity Job safety Employee wellness
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Chapter 4 Checkpoint >> What are four areas of social responsibility that may require the attention of business? Answer environmental protection workplace diversity job safety employee wellness
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SOCIAL RESPONSIBILITY EVALUATION
Chapter 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
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SOCIAL RESPONSIBILITY EVALUATION
Chapter 4 SOCIAL RESPONSIBILITY EVALUATION (continued) Costs New nonpolluting or safer equipment Building repairs to remove risks Wellness and rehabilitation programs Social projects sponsored by a company
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Chapter 4 Checkpoint >> What are the main benefits of social responsibility? Answer 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
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Chapter 4 BUSINESS ETHICS Code of ethics Ethical conduct guidelines
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Guidelines for Writing a Code of Ethics
Chapter 4 Guidelines for Writing a Code of Ethics
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Checkpoint >> What is the purpose of a code of ethics? Answer
Chapter 4 Checkpoint >> What is the purpose of a code of ethics? Answer The purpose of a code of ethics is to guide actions and decisions of employees or members of an organization.
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Government Protection Activities
4-2 Government Protection Activities Goals Identify the roles and levels of government. Explain government protection activities. Describe types of intellectual property.
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Chapter 4 Key Terms contract patent copyright trademark
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GOVERNMENT IN SOCIETY Roles of government
Chapter 4 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
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GOVERNMENT IN SOCIETY Levels of government Federal government
Chapter 4 GOVERNMENT IN SOCIETY (continued) Levels of government Federal government State government Local government
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Chapter 4 FEDERAL GOVERNMENT Oversees the activities that involve two or more states or other countries. Regulates foreign and interstate commerce
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STATE GOVERNMENTS Regulate business actions within their own borders
Chapter 4 STATE GOVERNMENTS Regulate business actions within their own borders Assign some of their legislative power to local governments
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LOCAL GOVERNMENTS Include county boards and city or town councils
Chapter 4 LOCAL GOVERNMENTS Include county boards and city or town councils Provide services needed for an orderly society, such as police and fire protection
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Checkpoint >> What are the three levels of government? Answer
Chapter 4 Checkpoint >> What are the three levels of government? Answer local state federal
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GOVERNMENT PROTECTION ACTIVITIES
Chapter 4 GOVERNMENT PROTECTION ACTIVITIES Worker protection Contract enforcement
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Chapter 4 Contract Basics
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Checkpoint >> What are the main elements of a contract? Answer
Chapter 4 Checkpoint >> What are the main elements of a contract? Answer agreement competent parties consideration legality
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PROTECTION OF INTELLECTUAL PROPERTY
Chapter 4 PROTECTION OF INTELLECTUAL PROPERTY Patents Copyrights Trademarks
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Checkpoint >> What are three types of intellectual property?
Chapter 4 Checkpoint >> What are three types of intellectual property? Answer patents copyrights trademarks
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Government Regulation and Assistance
4-3 Government Regulation and Assistance Goals Explain actions by government to regulate business. Discuss efforts of government to assist businesses. Identify methods used by government to raise money.
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Chapter 4 Key Terms public utility monopoly antitrust laws revenue
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REGULATORY ACTIVITIES
Chapter 4 REGULATORY ACTIVITIES Regulation of utilities Prevent unfair business practices
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Checkpoint >> Why does government regulate utilities? Answer
Chapter 4 Checkpoint >> Why does government regulate utilities? Answer Reasons for government regulation of utilities might include the assurance of fair prices, the conservation of resources, and to avoid overcrowding of utility poles and other facilities, such as power plants.
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GOVERNMENT ASSISTS BUSINESS
Chapter 4 GOVERNMENT ASSISTS BUSINESS Government buys goods and services Government employs workers
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Checkpoint >> How does government assist business? Answer
Chapter 4 Checkpoint >> How does government assist business? Answer 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.
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GOVERNMENT RAISES MONEY
Chapter 4 GOVERNMENT RAISES MONEY Taxes Borrowing
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Chapter 4 Checkpoint >> What is the difference between tax revenue and borrowing by government? Answer Tax revenue is money the government collects to cover the costs of services. This is money that the government is not required to pay back. The government is required to pay back money borrowed.
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