1. Essential Standard 2.00 Understand the nature of business. 1

2. Objective 2.05 Understand responsible actions for conducting business. 2

3. Topics 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. 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 5

6. 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? 6

7. 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? 7

8. Common Social-responsible Practices of Business continued What is job safety? What is an example of an organization or action that enforces job safety? 8

9. Common Socially Responsible Practices of Businesses continued Why would a company offer employee wellness programs? What are some examples of employee wellness activities? 9

10. Evaluation of Social Responsibility What are some benefits of a company being social responsible? 10

11. Evaluation of Social Responsibility Why should a business explore the costs of being socially responsible? 11

12. Ethics What is the purpose of business ethics? 12

13. 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? 13

14. Government protection 14

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

16. Government Protection continued What is a contract? What are the elements of a contract? How does the government protect businesses and consumers involved in a contract? 16

17. Government Protection continued Intellectual property protected by the government are: –Copyrights –Patents –Trademarks What is an example of each intellectual property? 17

18. Consumer Bill of Rights and Government Regulation 18

19. Consumer Bill of Rights What is the purpose of the consumer bill of rights? 19

20. Consumer Bill of Rights continued 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. 20

21. Consumer Bill of Rights continued 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. 21

22. Consumer Bill of Rights continued 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? 22

23. Consumer Bill of Rights continued 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. 23

24. Government Regulation and Assistance Why does the government regulate utility companies? How does the government prevent unfair business practices? 24

25. Government Regulation and Assistance Government assists businesses by: –Providing them demographic information –Buying goods and services from them –Employing workers who can buy goods and services from them 25