Social Responsibility of business and government Chapter 4

Social Responsibility Social Responsibility: duty of a business to contribute to the well-being of a community Community Environment Employees Explore what McDonalds is doing to be socially responsible Research in pairs ... Disney Whole Foods Market Nestle Ford Motor Company Procter & Gamble Royal Caribbean Starbucks Target

Some Laws that make companies be socially responsible Federal Trade Commission (Consumer Protection) Environmental Protection Agency EPA Americans with Disabilities Act (ADA) Family and Medical Leave Act OSHA Must have equal access- education, training, jobs, and career advancement Americans with Disabilities Act (ADA)- helped improve workers who are physically challenged

Employee Wellness Why should employers care if their employees are healthy? How to setup a wellness plan Better for Waistline or Bottomline? 10Kaday Workplace offers programs- Stop-smoking seminars, counseling for employees with drug problems, weight loss sessions, eating a balanced diet, getting proper exercise, and maintaining a healthy lifestyle

Business ethics Is what I’m thinking about doing ethical? Questions to ask … Is it legal? Will my decision violate any company or professional standards? How are others affected? What is CONFLICT OF INTEREST?

CODE OF conduct & Business ethics Why should a company have a “Code of Conduct”? Why does Beaverton High School have a “Student Handbook”? Why kinds of things are businesses emphasizing in their code of conduct? Amazon Apple Facebook Google Dow Chemical Perrigo Starbucks Walmart Code of ethics- set of rules for guiding the actions of employees or members

ContractS Must contracts be in writing? Written Oral Implied Examples of contracts Credit card Apartment rental Purchase agreement Student Loans

Contract Basics A contract must have all of these to be considered valid. A legal dispute can happen if these are not agreed upon before the contract is agreed upon.

Legal System Two types of cases in our legal system Criminal cases Civil cases What is the difference? Example: Trent Ripper MLive Article Hung Jury, Retrial? If a business violates laws, it would be the defendant in a criminal case.

Intellectual Property What is the difference between a patent, copyright, and trademark? Example: Motrin What qualifies for a patent? Remember Beanie Babies? Target bulleseye

Utilities Should they be regulated? Example: California Energy Crisis Water Gas Electric Cable TV??? Example: California Energy Crisis

Prevent Unfair business practice Monopoly- business has control of the market for a product or service Antitrust laws promote competition and fairness. Examples AT & T Major League Baseball? National Football League? Microsoft? Monopoly is bad if the same company owned all food stores in your city, consumers might not be treated fairly. Antitrust law- actions meant to promote competition and fairness and avoid monopolies

Who Works for the government? Public employees work for the government or a government organization.

Examples of Government Employees Police officers Firefighters Sanitation workers Assistants Lawyers Teachers Inspectors Data analysts

In the news this week … Public employees work for the government or a government organization.

Property Tax Video on Property Taxes Difference between … Real Property Tax Personal Property Tax Proposal A and how it affected Property Tax in Michigan Primary Residence Exemption What is MILLAGE? SEV? Property Tax Estimator

Borrowing & Interest Rates National Debt & Debt Limit explained (VIDEO) Government impact on interest rates Interest rates Bankrate.com Excel worksheet for Savings Excel worksheet for Loan payment