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

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.

social responsibility non-renewable resource ethics business ethics Key Terms social responsibility non-renewable resource ethics business ethics code of ethics Chapter 4

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

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

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

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

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

Checkpoint >> What are the main benefits of social responsibility? Chapter 4

BUSINESS ETHICS Code of ethics Ethical conduct guidelines Chapter 4

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

Guidelines for Writing a Code of Ethics Chapter 4

REINFORCEMENT ACTIVITY PAGE 80 1-3 (1 pt each) 4 or 5 (7 pts each)

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.

Key Terms contract patent copyright trademark 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 Chapter 4

Levels of government Federal government State government GOVERNMENT IN SOCIETY (continued) Levels of government Federal government State government Local government Chapter 4

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

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

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

Checkpoint >> What are the three levels of government? Chapter 4

GOVERNMENT PROTECTION ACTIVITIES Worker protection Contract enforcement Chapter 4

Contract Basics Chapter 4

Checkpoint >> What are the main elements of a contract? Chapter 4

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

Checkpoint >> What are three types of intellectual property? Chapter 4

Reinforcement activity Page 85 1-4 1 pt each AND choose ONE (1) from 5-7 6 pts 10 POINTS TOTAL Chapter 4

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.

Key Terms public utility monopoly antitrust laws revenue Chapter 4

REGULATORY ACTIVITIES Regulation of utilities Prevent unfair business practices Chapter 4

Checkpoint >> Why does government regulate utilities? Chapter 4

GOVERNMENT ASSISTS BUSINESS Government buys goods and services Government employs workers Chapter 4

Checkpoint >> How does government assist business? Chapter 4

GOVERNMENT RAISES MONEY Taxes Borrowing Chapter 4

Checkpoint >> What is the difference between tax revenue and borrowing by government? Chapter 4

Page 91 (1-3, and choose one from 4-6) Reinforcement Activity Page 91 (1-3, and choose one from 4-6) Chapter 4