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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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social responsibility non-renewable resource ethics business ethics
Key Terms social responsibility non-renewable resource ethics business ethics code of ethics Chapter 4
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SOCIAL RESPONSIBILITY ISSUES the duty of a business to contribute to the well-being of a community FOUR AREAS OF RESPONSIBILITY: Environmental protection: Conservation Non-renewable resources Pollution EPA (Environmental Protection Agency) Workplace diversity Roles of women, ethnic groups, physically challenged, and older workers ADA (Americans with Disabilities Act) for the physically challenged Age Discrimination in Employment Act (40+) Chapter 4
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Job safety Employee wellness
SOCIAL RESPONSIBILITY ISSUES (CONTINUED) the duty of a business to contribute to the well-being of a community Job safety OSHA (Occupational Safety and Health Administration) Employee wellness Businesses try to keep their employees healthy and well Wellness Programs are offered Stop-smoking seminars Counseling Drug rehab Weight-loss sessions Sponsoring of sports teams Chapter 4
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Checkpoint >> What are four areas of social responsibility that may require the attention of business? Answer environmental protection workplace diversity job safety employee wellness Chapter 4
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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 Chapter 4
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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 Chapter 4
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Checkpoint >> What are the main benefits of social responsibility? Chapter 4
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BUSINESS ETHICS Code of ethics Ethical conduct guidelines Chapter 4
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Ethical conduct guidelines
Questions to consider when deciding if a situation is ethical: Is the action legal? Does the action violate professional or company standards? Who is affected by the action and how? Chapter 4
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Guidelines for Writing a Code of Ethics
Chapter 4
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REINFORCEMENT ACTIVITY
PAGE 80 1-3 (1 pt each) 4 or 5 (7 pts each)
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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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Key Terms contract patent copyright trademark Chapter 4
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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 Chapter 4
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Levels of government Federal government State government
GOVERNMENT IN SOCIETY (continued) Levels of government Federal government State government Local government Chapter 4
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Regulates foreign and interstate commerce
FEDERAL GOVERNMENT Oversees the activities that involve two or more states or other countries. Regulates foreign and interstate commerce Chapter 4
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Regulate business actions within their own borders
STATE GOVERNMENTS Regulate business actions within their own borders Assign some of their legislative power to local governments Chapter 4
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Include county boards and city or town councils
LOCAL GOVERNMENTS Include county boards and city or town councils Provide services needed for an orderly society, such as police and fire protection Chapter 4
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Checkpoint >> What are the three levels of government? Chapter 4
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GOVERNMENT PROTECTION ACTIVITIES
Worker protection Contract enforcement Chapter 4
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Contract Basics Chapter 4
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Checkpoint >> What are the main elements of a contract?
Chapter 4
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PROTECTION OF INTELLECTUAL PROPERTY
Patents- 20 years for the process Inventor has the sole right to make, use, or sell the item for 20 years Copyrights- For life plus 70 years Creative works of authors, composers, and artists Trademarks- LOGO Word, letter, symbol Chapter 4
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Checkpoint >> What are three types of intellectual property?
Chapter 4
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Reinforcement activity
Page 85 pt each AND choose ONE (1) from pts 10 POINTS TOTAL Chapter 4
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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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Key Terms public utility monopoly antitrust laws revenue Chapter 4
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REGULATORY ACTIVITIES
Regulation of utilities Prevent unfair business practices Chapter 4
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Checkpoint >> Why does government regulate utilities? Chapter 4
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GOVERNMENT ASSISTS BUSINESS
Government buys goods and services Government employs workers Chapter 4
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Checkpoint >> How does government assist business? Chapter 4
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GOVERNMENT RAISES MONEY
Taxes Borrowing Chapter 4
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Checkpoint >> What is the difference between tax revenue and borrowing by government? Chapter 4
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Page 91 (1-3, and choose one from 4-6)
Reinforcement Activity Page 91 (1-3, and choose one from 4-6) Chapter 4
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