1. Duty 5 – Ethics and Legal Responsibilities
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2. Major laws that impact business
Fair Labor Standards Act (FLSA)
Occupational Safety and Health Act (OSHA)
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Family Leave and Medical Act (FMLA)
Consumer Product and Safety Act
FLSA – standards for wages and overtime.
OSHA-regulates safety and health conditions.
FMLA- requires employers covered by the law must allow an eligible employee 12 weeks leave during a year for one of the following reasons: birth, adoption, foster care placement of a child, caring for family member, medical leave for serious health condition.

3. Compensation laws Workers’ compensation Unemployment insurance
Workers’ compensation requires employers to provide insurance for the death, injury, or illness of employees that result from their work.
Unemployment insurance – state-managed program that provides temporary income to individuals who have been laid off from their jobs.

4. Equal Opportunity in Employment
The Civil Rights Act
Equal Pay Act
Age Discrimination in Employment Act
Immigration Reform and Control Act
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Americans with Disabilities Act

5. Ethical standards in conducting business
Ethics - standards of moral conduct that individuals and groups set for themselves, behavior they value as right or is wrong.
Video - Ethics at Work
To decide if an action is ethical or not, we have to ask questions such as:
Is the action right or wrong, regardless of what the laws state?
Ethical conduct goes beyond state and federal laws.

6. Ethics continued… Business Ethics Code of Ethics Social Responsibility
A collection of principles and rules that define right and wrong conduct for an organization.
Code of Ethics
A formal, published collection of values and rules that reflect the firm’s philosophy and goals.
Social Responsibility
It is the duty of a business to contribute to the well-being of society.
Video Ethics and Social Responsibility in Business
Not all firms have the same rules of ethical conduct. Notions of right and wrong vary from anager to manger, business to business.
Social responsibility –businesses have a obligation to the communities in which they operate because the depend on society for resources, opportunities and rights.