1. Introduction to Business © Thomson South-Western ChapterChapter Social Responsibility of Business and Government Social Responsibility Government Protection Activities Government Regulation and Assistance 4

2. Introduction to Business © Thomson South-Western Chapter 4 Slide 2 Social Responsibility Goals Describe social responsibility issues. Identify benefits and costs of social responsibility. Explain the purpose of a code of ethics.

3. Introduction to Business © Thomson South-Western Chapter 4 Slide 3 Key Terms Ethics—oral principles by which people conduct themselves personally, socially or professionally. business ethics—Rules based on how business and employees ought to conduct themselves.

4. Introduction to Business © Thomson South-Western social responsibility—Is the duty to do what is best for the good of Society. Sweatshop—A shop or factory in which workers are employed for long hours at low wages-- Conflict of Interest—is a conflict between self-interest and professional obligation. Chapter 4 Slide 4

5. Introduction to Business © Thomson South-Western Ethical Decision Making Process 1) Identify the ethical dilemma 2)Discover Alternative Actions 3)Decide who might be affected 4) List the probable effects of the alternatives 5)Select the best alternative Chapter 4 Slide 5

6. Introduction to Business © Thomson South-Western Chapter 4 Slide 6 SOCIAL RESPONSIBILITY ISSUES Environmental protection Workplace diversity Job safety Employee wellness

7. Introduction to Business © Thomson South-Western Chapter 4 Slide 7 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

8. Introduction to Business © Thomson South-Western Chapter 4 Slide 8 SOCIAL RESPONSIBILITY EVALUATION Costs New nonpolluting or safer equipment Building repairs to remove risks Wellness and rehabilitation programs Social projects sponsored by a company (continued)

9. Introduction to Business © Thomson South-Western Chapter 4 Slide 9 Government Protection Activities Goals Identify the roles and levels of government. Explain government protection activities. Describe types of intellectual property.

10. Introduction to Business © Thomson South-Western Chapter 4 Slide 10 Key Terms contract patent copyright trademark

11. Introduction to Business © Thomson South-Western Chapter 4 Slide 11 GOVERNMENT IN SOCIETY Roles of government—**know 3** 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 (continued)

12. Introduction to Business © Thomson South-Western Chapter 4 Slide 12 GOVERNMENT IN SOCIETY Levels of government Federal government State government Local government (continued)

13. Introduction to Business © Thomson South-Western Chapter 4 Slide 13 FEDERAL GOVERNMENT Oversees the activities that involve two or more states or other countries. Regulates foreign and interstate commerce

14. Introduction to Business © Thomson South-Western Chapter 4 Slide 14 STATE GOVERNMENTS Regulate business actions within their own borders Assign some of their legislative power to local governments

15. Introduction to Business © Thomson South-Western Chapter 4 Slide 15 LOCAL GOVERNMENTS Include county boards and city or town councils Provide services needed for an orderly society, such as police and fire protection

16. Introduction to Business © Thomson South-Western Chapter 4 Slide 16 GOVERNMENT PROTECTION ACTIVITIES Worker protection--OSHA Contract enforcement—4 parts- Agreement Competent Parties Consideration Legality

17. Introduction to Business © Thomson South-Western Chapter 4 Slide 17 PROTECTION OF INTELLECTUAL PROPERTY Patents Copyrights Trademarks

18. Introduction to Business © Thomson South-Western Chapter 4 Slide 18 >> C H E C K P O I N T What are three types of intellectual property?

19. Introduction to Business © Thomson South-Western Chapter 4 Slide 19 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.

20. Introduction to Business © Thomson South-Western Chapter 4 Slide 20 Key Terms public utility— Monopoly—Control antitrust laws- Prevent unfair Revenue- EPA—Government program to protect

21. Introduction to Business © Thomson South-Western Chapter 4 Slide 21 REGULATORY ACTIVITIES Regulation of utilities Prevent unfair business practices Government Agenies EPA—FDA—OSHA--

22. Introduction to Business © Thomson South-Western Chapter 4 Slide 22 GOVERNMENT ASSISTS BUSINESS Government buys goods and services Government employs workers City workers Schools Police Fire Department

23. Introduction to Business © Thomson South-Western Chapter 4 Slide 23 GOVERNMENT RAISES MONEY Taxes—What are some ways the government taxes people? Borrowing—Savings Bonds-- Treasury Bonds

24. Introduction to Business © Thomson South-Western Matching EPAAntitrust Laws Code of ethicsCopyright Non-renewable Conflict of Interest Conservation Renewable Resources Chapter 4 Slide 24